DURING the economic recession of the 1980s the doyen of Nigerian economics, Pius Nwabufo Okigbo, delivered a lecture at the National Institute for Policy and Strategic Studies, with the title, “Sorcerers, Astrologers and Nigerian Economic Recovery.” Yours sincerely was among the audience during that steamy 1986 summer afternoon in Kuru. It was a brilliant performance. The late economist gave that dramatic title to his erudite lecture to drive home the point about how bereft we are in terms of serious critical thinking about the economy.

The inclusion of Nigerian content in the animation film festival will create adequate employment and contribute to the growth and development of the Nigerian economy, Lai Mohammed, Minister of Information and Culture has said.

FIFTY eight years after independence, Nigeria’s economy is still groaning under the weight of over-dependence on crude oil, infrastructural decay, severe import dependence, fostered by occasioned by a unitary federal structure and public sector dominance of critical socioeconomic amenities.  

Fairly used phones are locked in fierce battle for patronage with new phones in the market occasioned by economic contraction, which has depleted consumers spending power.

Ordinarily there should be so much going for Nigeria’s economy. Production of crude oil at about 2 million barrels per day at a good price of about 70 dollars per barrel is yielding good foreign exchange for the Nation, helping to boost foreign reserves which today stand at about 47.25 Billion dollars. Inflation has continued to decline steadily over several months coming to the current level of 11.4% as the CBN and its MPC retain monetary policy index at a tight stance.

Nigeria’s leading companies quoted on the Nigerian Stock Exchange, NSE, have dented the picture of a recovering economy as painted by several macroeconomic performance indicators released by key financial and economy authorities.

The federal government Thursday revealed that it plans to carry out a massive economic overhaul through supports and investments in technology developments across the country.

It has been long accepted by developmental scholars and social scientists that the primary responsibility of a leader is to envisage the best future for the led and set the right parameters in place for them to attain lofty heights.

The Federal Government has reiterated its commitment to promoting Micro, Small and Medium Enterprises (MSMEs) in the country.

Some residents of Kaduna on Tuesday hailed the Federal Government for moving the country forward but said it must make efforts end the current harsh economic situation making it difficult for citizens to feed.