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ISSUE: Stakeholders Call For Redesigning 6-3-3-4 System Of Education To Boost Economy

By Shittu Obasa A cross-section of stakeholders in the education sector have called  on the Federal Government to  redesign the  6-3-3-4 system of education operating in the country to produce more   entrepreneurs in keeping with current state of Nigeria. The stakeholders  made their positions known in a national survey. In Abeokuta, the  Academic Staff  Union of Secondary Schools of Nigeria (ASUSS) called ...

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Economy: CBN, Fiscal Authorities Meet in Abuja

Desirous of monetary and fiscal collaboration in order to pull the Nigerian economy of the current crunch, economic management leaders from the Central Bank of Nigeria (CBN) and the Ministries of Finance, Budget and National Planning as well as Trade and Investment, over the weekend, gathered in Abuja to harmonise their policy perspectives. Speaking at the opening of the two-day Monetary Policy Committee (M ...

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Economic Recovery and Growth Plan, ERGP; Better Late…By Issa Aremu

Many thanks to the Vanguard group for the extended invitation to yours comradely to the Weekend Economic Discourse to proffer solutions to the nation’s economic problems. Former Governor of the Central Bank of Nigeria, Professor Chukwuma Charles Soludo, was the Keynote Speaker at the Discourse. He was as cynical of the recovery plan as he has been almost dogmatically hard on what he long dubbed Buharicomics ...

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Soludo’s Vanguard Lecture:‘The Hard Facts To Rescue The Nigerian Economy’

Introduction: Let me thank the leadership of Vanguard Newspapers for inviting me to lead the discussion on “The Hard Facts to Rescue the Nigerian Economy.” As I reviewed three of my recent interventions on the economy (“Buhari vs. Jonathan: Beyond the Elections” (January 2015); “Can a new Buharinomics Save Nigeria?” (November 2015); and “A Fragile State with a Failing Economy: Making Progressive Change work ...

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Why Germany Must Support Nigeria’s Economic Recovery Effort- Official

Head of Bundestrat, the upper chamber of the German Parliament, Ms Malu Dreyer, has said that Nigeria as the leading country in Africa must be economically strong and therefore deserved the support of a European giant like her country. Dreyer who spoke at the weekend while receiving a delegation of the Senate led by its President, Dr. Abubakar Bukola Saraki, in Berlin said Germany attached great importance ...

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Economy: Nigeria Targets 7 Per cent Growth In 2020

By Danlami Nmodu Nigeria’s Minister of Budget and National Planning, Udoma Udo Udoma has said the federal government is determined to move the country from a negative growth in 2016  towards 7 per cent growth rate in 2020.He stated this Wednesday while briefing journalists after the Federal Executive Council, FEC meeting at the Presidential Villa, Abuja. Speaking against the background of government’s  econ ...

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Nigerian Economy Well On Its Way Out Of Recession – FG

There are now indications that the Nigerian economy is well on its way out of recession considering the 2016 overall and last quarter Gross Domestic Product reports. A review of the recent GDP figures released Tuesday  by the National Bureau  of Statistics, NBS, show a contraction of -1.30% in the fourth quarter of 2016, translating into an estimated economic growth rate of -1.51% for the full year. Besides ...

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Forex: Dollar to Crash Again as CBN Floods Market

In keeping with its determination to increase liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) on Monday released another $100m into the wholesale forwards segment of the market and pumped an additional $80m into the banks specifically for the settlement of dollar demand for school fees, medicals and Personal Travel Allowance (PTA), among others. In a release by its spokesman, Isa ...

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FG: Infrastructure Development Will Drive Economic Growth, Create Jobs

The Minister of Finance, On Thursday at the United Capital launch of its Eurobond and Wealth for Women Funds, said that infrastructure development will play a fundamental role in unlocking Nigeria’s economic potential, laying a foundation for economic competitiveness and long-term future growth. Adesoun stated that Investment in critical infrastructure across the country will unlock job and wealth creation ...

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CBN Disburses $2.83 billion To Critical Sectors Of Nigeria’s Economy

The Central Bank of Nigeria (CBN) has disbursed the sum of $2.83 billion for utilization in the critical sectors of the economy between December 2016 and January 2017. In a release, the Acting Director, Corporate Communications Department, Mr. Isaac Okorafor stated that manufacturing, raw material and agriculture among others topped these disbursements targeted at employment generating and wealth creating s ...

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Dogara Inaugurates Technical Committee On Economic Recession

As part of the efforts of the House of Representatives to ensure that Nigeria exits its current economic recession and alleviate the hardship caused by the recession, Speaker Yakubu Dogara yesterday inaugurated a technical committee on economic recession. The committee, comprising of 16 erudite professionals with vast experience in economics and sundry issues, is to monitor the various steps and policies of ...

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FG To Provide Incentives To Investors In Critical Sectors

The Federal Government will provide incentives and the necessary logistics support to investors whose areas of interest are in the development of the agriculture and energy sectors as well as industrialization. These are also the major execution priority areas of the Economy Recovery and Growth Plan (ERGP) being developed by Government to get the country’s economy out of recession and put it on a path of gr ...

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