Informal businesses contribute tremendously to Nigeria’s GDP – Report
Anite expressed the Federal Government’s commitment to supporting small businesses in the informal sector as they contributed largely to the nation’s GDP.
“Without natural capital accounting GDP growth is meaningless’
An official in the Ministry of Finance has said any system that does not have natural capital accounting is failing even if GDP is growing.
COVID-19 pushes Nigeria’s GDP down by 6.10% in Q2 2020
By Emmanuel Elebeke The National Bureau of Statistics, NBS, says Nigeria’s Gross Domestic Product (GDP) decreased by –6.10%(year-on-year) in real terms in the second quarter of 2020. The decrease it said ended the 3-year trend of low but positive real growth rates recorded since the 2016/17 recession. The decline was largely attributable to significantly lower […]
Black Wall Street to create 600,000 jobs for Africans as it focuses on ‘Education for GDP’
The leader of Africa’s first Economic War under the Black Wall Street platform, Charles N Lambert, on Thursday during the episode 24 of its show “Economic War with Charles Lambert” announced that the Black Wall Street will be creating six hundred thousand job opportunities for Africans who are unemployed certificate holders through Development Channel App […]
NCDMB-backed ‘Project 100 companies’ create 16,500 jobs, grow GDP by N50bn
By Fortune Eromosele The Nigerian Content Development and Monitoring Board, NCDMB, Monday, disclosed that Project 100 beneficiary companies currently contribute over N50 billion to Nigeria’s Gross Domestic Product (GDP) as well as create over 1,500 direct and 15,000 indirect jobs that benefit the nation. In a statement in Abuja, the Executive Secretary of the Nigerian […]
SPECIAL REPORT: Oil prices volatility deflates Nigeria’s GDP
THE Nigerian economy has been facing challenges for the past five years following its over dependence on oil as a major source of its revenue as the country recorded the highest growth in Gross Domestic Product, GDP of 2.65 per cent in 2015.
