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NESG Tasks FG On Effective Tax System, FX Rates’ Harmonization

The Nigerian Economic Summit Group (NESG) has advised the Federal Government to create effective tax systems and harmonise the rates in the foreign exchange (Forex) market through relevant policies to address the emerging challenges in the economy. The group gave this charge in a communiqué issued on Sunday titled ‘Of Hope and Despair…Not Too Late […]

Economy News Extra Investments/Capital Market Latest News Planning & Economic Development

SEC Solicits NESG’s Support On Capital Market Devt Initiatives

The Securities and Exchange Commission (SEC) Nigeria has called on the Nigerian Economic Summit Group (NESG) for collaboration in its sustained efforts to grow the nation’s equities market and improve its contributions to the economy. The Director-General of the commission, Mr. Lamido Yuguda, solicited the group’s support when a team from the NESG visited the […]

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FG Outlines 3-Point Reform Agenda For Nigeria’s Sustainable Growth

The Federal Government on Monday outlines three-point reform agenda it considered critical to achieving sustainable socio-economic growth of the country. The Minister of Finance, Budget and Planning, Mrs. Zainab Ahmed, who shared her vision about the future of Nigeria during the opening session of the 27th Nigerian Economic Summit in Abuja, said that to realise […]

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NCC, NESG To Collaborate For Improved Telecoms Sector’s Impact On Devt

The Nigerian Communications Commission (NCC) and the Nigeria Economic Summit Group (NESG) are considering areas of strengthening their collaboration to enhance the impact of the telecommunications sector on Nigeria’s socio-economic development. This was one of the key issues that featured in the deliberations between the leadership of the commission and the NESG during the courtesy […]

Banking

NESG Forecasts 2.9% GDP Growth For Nigeria In 2021

The Nigerian Economic Summit Group (NESG) has projected that Nigeria’s economy will record a growth rate of 2.9 percent in 2021, representing 1.5 percent higher growth rate than earlier predicted by the International Monetary Fund (IMF). To meet its projection and shape the nation’s economy’s outlook this year, the group, in its 2021 Macroeconomic Outlook […]

Budgeting Economy News Extra Investments/Capital Market Latest News Planning & Economic Development Political Economy

Despite Recession, FG Rates Nigeria’s Economy High

The Federal Government has rated the Nigerian economic performance high despite contracting by -3.62% (year-on-year) in the third quarter of 2020, the worst recession recorded in over 30 years. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, gave this rating on Monday in Abuja at the 26 edition of the Nigerian Economy […]

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FG To Unveil 30-Year Devt Plan, Restates OPS’ Role In Devt

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, on Monday hinted that the Federal Government would unveil a 30-year development plan before the end of the implementation of the ERGP  in 2020 as part of the measures to achieve broad-based and sustainable national development. She explained that unlike past development plans that […]