The Minister of Labour and Employment, Muhammadu Dingyadi, clarified on Thursday that Nigerians expecting his ministry to provide jobs would be disappointed, as job provision is not within its mandate. Speaking at the annual conference of the Federal Capital Territory chapter of the Nigerian Institute of Public Relations in Abuja, Dingyadi acknowledged the country’s large … Read more
Doyin Okupe, former Director-General of the Labour Party (LP) Presidential Campaign, has shared insights into President Bola Tinubu’s decision to succeed Muhammadu Buhari, explaining that it was fueled by a deep passion to rescue and rebuild Nigeria. In an interview with Vanguard, Okupe responded to the criticism of Tinubu’s “Emilokan” declaration, which some saw as … Read more
EKO HOT BLOG reports that Governor Peter Mbah of Enugu State has commended President Bola Ahmed Tinubu over the removal of fuel subsidy and unification of the exchange rate. This online media platform reported that Governor Mbah had visited President Tinubu on Tuesday at the Presidential Villa in Abuja. EDITOR’S PICKS FG Takes Action to … Read more
The Budget Office of the Federation has warned about Nigeria’s limited borrowing space. The country already has a poor debt-to-revenue ratio, which may lead to financial crisis if exceeded. Despite having a low debt-to-GDP ratio, Nigeria’s debt service ratio is too high as revenue is too small to sustain its debt. EKO HOT BLOG reports … Read more
US Consulate To Boost Nigeria’s Economy With $95m Infusion. Nigeria and the United States have a long-standing history of people-to-people engagement fostering bridges between our two nations. We look forward to the many accomplishments we will continue to achieve together in the future. – Consul-General EDITOR’S PICK Anambra Commences Prayer Session To End Monday Sit … Read more
Nigeria economy Tops 2021 Growth Forecasts on Crops Nigeria GDP grew 3.4% in 2021; central bank estimate +3.1% Oil production fell to 1.50 barrels per day in the fourth quarter EKO HOT BLOG reports that Nigeria’s economy recorded a higher Gross domestic product (GDP) growth forecast by the central bank and government in 2021 after … Read more
Nigeria’s Economy To Grow By 2.5% In 2022 – World Bank EKO HOT BLOG reports that Nigeria’s economy is expected to grow by 2.5 per cent in 2022 and by another 0.3 per cent next year, the World Bank has projected. The World Bank gave the forecast in its latest Global Economic Prospects report, a … Read more
The Niger Delta Avengers has announced its return, vowing to cripple Nigeria’s economy. EKO HOT BLOG reports that the Niger Delta Avengers, the militant group that almost crippled Nigeria’s economy during the first term of President Muhammadu Buhari, has declared its return in the country. The militant group made the declaration via a statement on … Read more
The NDU report by the World Bank estimated that despite the country’s gradual recovery from the 2020 recession, Nigerian masses will continue to suffer the adverse effect of the economic downturn. A new report authored by the World Bank says a full decade of economic growth in Nigeria is likely to be lost by the … Read more
President Buhari has lamented over the economy of Nigeria. EKO HOT BLOG reports that President Muhammadu Buhari has lamented over the state of Nigeria’s economy. Buhari made this known during an interview with Nigerian Television Authority (NTA) on Friday. The President lamented that he is not comfortable with the country’s current economy. READ ALSO: Only National … Read more
For the first time in more than three years, the nation’s economy shrank in the second quarter of this year as the Gross Domestic Product fell by 6.10 per cent. The National Bureau of Statistics, in its GDP report for Q2 2020, said on Monday that the decline was largely attributable to significantly lower levels … Read more
The FSDH Bank Head of Research, Ayodele Akinwunmi, while presenting the monthly economic and financial markets outlook for June in Lagos, at the weekend stated that the nation’s economy is presently in need of fiscal direction, removal of fuel subsidy and transparent channeling of the proceeds to infrastructure and social investments, as well as competitive … Read more