The Minister of information announced recently that Nigeria is the third world fastest growing economy. According to the International Monetary Fund growth in sub-Saharan Africa would pick up to 5.4 percent. It also predicted a 7.1 percent growth in Nigeria’s economy this year. As a matter of fact, the economy has been experiencing persistent growth in the last ten years.

Chairman of the Tin-can Island Chapter of the Association of Nigeria Licensed Customs Agents, ANLCA, Kayode Farinto, has disclosed that the Federal Government lost over N200 billion in revenue to private companies and individuals in the past when cargo clearance documentation was done manually.

Total Nigeria Plc’s unclaimed dividend stands at N868.195 million as at December 31, 2011. According to the company’s report to its shareholders, the value of the unclaimed dividends rose by N168.683 million from N699.512 million recorded at the end of 2010, representing an increase of 24.11 per cent.

The Nigerian capital market could play a significant role in spurring economic growth through efficient saving mobilisation, capital allocation, information gathering, as well as exerting good corporate governance, says Dr. Kingsley Obiora, an economic expert, who is also Special Assistant to the Chief Economic Adviser to the President.

The National Council on Trade and Investment, NCTI, has called for increased participation of all state governments across the country in the promotion of non-oil exports as part of deliberate efforts to grow the country’s non-oil export sector.