Nigeria’s leading economist and development expert, Prof. Pat Utomi, has charged African governments to prioritize entrepreneurship, especially the Micro, Small and Medium Enterprises (MSMEs), through appropriate policy frameworks and other supportive initiatives in order to explore the opportunities availed by the African Continental Free Trade Area (AfCTA) agreement for sustainable growth of their economies. Utomi, […]
The Centre for the Promotion of Private Enterprise (CPPE), a leading consultancy championing advocacy for improved environment for the nation’s organized private sector (OPS) has charged the Federal Government to adopt policy measures and other initiatives to fix the nation’s economy. The group, in a statement issued by its Chief Executive Officer, Dr. Muda Yusuf, […]
A new report by the African Development Bank (AfDB), the African Union (AU) and the United Nations Industrial Development Organization (UNIDO) has revealed that Nigeria, commonly rated as the ‘Giant of Africa’, did not rank among the fast-growing industrial countries in Africa. The just published Africa Industrialization Index (AII) report indicated that 37 out of […]
Following the success of the MultiChoice Africa Accelerator Programme which debuted in South Africa last year and secured $16 million of funding for six emerging businesses, the promoters of the programme has launched its extension to Nigeria and seven other countries across Africa in 2023. The other countries, whose technology-oriented Micro, Small and Medium Enterprises (MSMEs) […]
The National Bureau of Statistics (NBS) on Thursday reported that Nigeria’s Gross Domestic Product (GDP) grew by 2.25% (year-on-year) in real terms in the third quarter of 2022, representing 1.78% points decrease from the 4.03% growth rate recorded in Q3 2021 The Q3 GDP growth rate reflected a 1.29% points decline relative to 3.54% growth […]
The World Bank Group has rated Nigeria’s fiscal system, in terms of revenue generation and inefficient use of resources, among the lowest globally and canvassed the need for the Nigerian governments to embark on macroeconomic and fiscal reforms to lift Nigeria’s development outcomes. The Washington D. C-based development finance institution’s latest position on the nation’s […]
The Centre for the Promotion of Private Enterprise (CPPE), a leading organized private sector advocacy groups in the country, has advised the Federal Government on sundry areas requiring its intervention in order to frontally tackle the surging inflation rate in the country. The Founder/Director General of the group, Dr. Muda Yusuf, in a statement issued […]
The National Bureau of Statistics (NBS) on Tuesday reported that Nigeria’s Consumer Price Index (CPI) which measures the rate of change in prices of goods and services, also known as inflation, surged to 21.09% year-on-year in October, up from 20.77 percent recorded in the previous month. The Bureau, in its ‘Consumer Price Index (CPI) Report […]
President Muhammadu Buhari has said that the task ahead in building a prosperous Nigeria requires partnership, innovative thinking, and most importantly, disciplined implementation of development policies by governments and the organized private sector. Represented by the Vice President, Prof. Yemi Osinbajo, during the opening session of the ongoing National Economic Summit 2022 in Abuja, the […]
The United Kingdom has announced an increase in its financial support to the poorest African countries that bear the brunt of climate change. Speaking at COP27 in Sharm El Sheikh, Egypt, on the funding support, British Foreign Secretary, James Cleverly, confirmed the UK will provide £200 million to the African Development Bank Group’s (AfDB’s) Climate […]