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Nigeria Misses Out In Africa’s Top Industrial Nations’ Ranking Chart – Report

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 […]

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World Bank Rates Nigeria’s Public Expenditure Among Lowest Globally, Proffers Solutions

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 […]

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CBN Launches Countdown Clock On Old Naira Notes’ Expiration

The Central Bank of Nigeria (CBN) has launched a countdown clock on its website indicating when the old Naira notes will cease to be a legal tender. The countdown clock shows that January 31, 2023, remained the deadline for the N200, N500, and N1,000 notes to “remain legal tenders.” It would be recalled that the apex bank […]

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NBS Flags-Off National Agricultural Sample Census In 8 Pilot States

The National Bureau of Statistics (NBS), Nigeria’s statistical system coordinating agency, at the weekend hinted that it would commence the National Agricultural Sample Census (NASC) this week in eight pilot states after series of training of enumerators and other personnel that would be involved in the exercise nationwide. The pilot states are Ekiti, Jigawa, Delta, […]

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FG To Prioritize Poverty Alleviation Programmes In Yearly Budgets

President Muhammadu Buhari has said that the Federal Government will continue to pursue its dream of lifting 100 million Nigerians out of poverty by 2030 agenda by prioritizing poverty-reduction projects, programmes and initiatives in yearly budgets’ funding. Buhari made the promise on Thursday while launching the ‘2022 Multidimensional Poverty Index (MPI) Survey Report’ published by […]

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133Mn Nigerians Poor, Ondo Records Lowest Poverty Rate – NBS

The National Bureau of Statistics (NBS), the agency responsible for national statistical system coordination in Nigeria, on Thursday reported that 133 million Nigerians, representing 63 percent of the 216 million Nigerians were multidimensionally poor, despite sustained efforts by the governments to alleviate poverty in the country. The Bureau gave this figures in the ‘2022 Nigeria […]

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CPPE Canvasses Fiscal, Other Measures To Tackle Surging Inflation

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 […]

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Nigeria’s Inflation Rate Hits 20.77% In September

The National Bureau of Statistics (NBS), the coordinating agency for Nigeria’s statistical system, reported on Monday that the nation’s Consumer Price Index (CPI), which measures inflation rate, surged to 20.77 percent in September year-on-year (Y-o-Y), representing the highest rate in the past 17 years. The statistics agency, in its latest Consumer Price Index (CPI) September […]

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Banks’ Credit To Private Sector Hits N267.11Trn 2021 – NBS

The National Bureau of Statistics (NBS), the Nigerian statistical system coordinating agency,  has reported that bank credit to the organized private sector (OPS) totalled N267.11 trillion in 2021. The statistics agency, in its latest ‘Selected Banking Sector Data Q1-Q4 2021’ report published in October 2022, indicated that the total credit allocated to the private sector […]

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Consumers Paid More For Food Items In August – NBS

….as S/East, South-South consumers paid highest for beans, bread   The National Bureau of Statistics (NBS), the coordinating agency for Nigeria’s statistical system, reported on Saturday, September 24, that consumers paid more for selected food items in August, reflecting the  rising inflation rate in the economy. The Bureau, in its latest ‘Selected Food Prices Watch […]