Archives Tag: GDP
How Can Nigeria Recover From Its Debt Crisis?
April 19, 2022
 Nigeria is facing a debt crisis due to several factors, including low oil prices, economic mismanagement, and corruption. The country’s debt-to-GDP ratio has reached an unsustainable level, and the government is struggling to meet its debt obligations. In order to recover from this crisis, the Nigerian government will need to implement a combination of … Continue reading How Can Nigeria Recover From Its Debt Crisis?
Did You Know? Lagos Contributes Over 30 Percent Of Nigeria’s GDP
April 19, 2022
There’s no doubting the economic prowess of Lagos. It’s where a large chunk of Nigeria’s heavy-duty business happens. Home to numerous corporate headquarters, the metropolis also embraces more than two dozen industrial estates and four major business districts. Add the myriad commercial concerns that carpet the city, and you’ll begin to see why this … Continue reading Did You Know? Lagos Contributes Over 30 Percent Of Nigeria’s GDP
Nigeria’s GDP: The Sectors Most and Least Affected by COVID-19
April 19, 2022
On Monday, August 24, the National Bureau of Statistics released its quarterly GDP report for Nigeria. The document details the growth of the Nigerian economy over the period between April and June. Read more about Finance This was the period just after the most severe lockdown measures were eased. True to analyst’s expectations, the figures … Continue reading Nigeria’s GDP: The Sectors Most and Least Affected by COVID-19
Did You Know? Nigeria is the World’s Second Largest Producer of Ginger
April 19, 2022
When farmers in the northern Nigerian state of Kaduna dig up ginger from their farmlands, they do so with an expectation that it will be worth their duel with the soil below and the scorching sun above. And it usually is. The stocky rhizome helps put food on the tables of thousands across the state … Continue reading Did You Know? Nigeria is the World’s Second Largest Producer of Ginger
Did You Know? Lagos Is Africa’s Fourth Wealthiest City
April 19, 2022
Lagos is many things to many people. For some, it’s vibrancy and variety from dawn to nightfall. For others, it’s a hyper pumped up enclave, a place worthy of business and not much else. A not too small number- over a dozen million –call it home. And a good fraction of them have made themselves … Continue reading Did You Know? Lagos Is Africa’s Fourth Wealthiest City
Did You Know? Nigeria’s Most Valuable Exports
April 19, 2022
Nigeria continues to rely on crude petroleum exports to bring in foreign exchange. Efforts to diversify its income sources may be ongoing, but they haven’t yet shifted the country away from its economic dependence on fossil fuels. These products still contribute up to 83% of the country’s revenues from foreign trade, according to the National … Continue reading Did You Know? Nigeria’s Most Valuable Exports
The National Bureau of Statistics Releases GDP Report for Q4 2016
April 19, 2022
The National Bureau of Statistics on Tuesday published its report on Nigeria’s Gross Domestic Product for the fourth quarter of 2016. The report, which summarizes the performance of the various sectors of the Nigerian economy in the last three months of the year gone by, shows a continuing but slowing decline in the nation’s economic … Continue reading The National Bureau of Statistics Releases GDP Report for Q4 2016
Petroleum Contributed N1.942t to GDP in Q3 2015
April 19, 2022
According to a recent National Bureau of Statistics report, the oil and gas sector contributed a sum of N1.942 trillion to the nation’s Gross Domestic Product (GDP) in the third quarter of 2015, as reported by the Vanguard. The breakdown was as follows:Â Crude Petroleum and Natural Gas sub-sector accounted for N1.845 trillion, an increase from … Continue reading Petroleum Contributed N1.942t to GDP in Q3 2015
By ify
BUSINESS ECONOMY International News
Nigeria to Overtake South Africa as Continent’s Largest Economy
April 19, 2022
A poll by Reuters has found that Nigeria is likely to take South Africa’s position as the continent’s largest economy within the next two years. Nigeria’s GDP is projected to increase exponentially when it is rebased at the end of 2013 to reflect changes in the economy in the past two decades. Economic analysts believe that … Continue reading Nigeria to Overtake South Africa as Continent’s Largest Economy
By kunle-binuyo
Nigeria’s Emerging Middle-Class
April 19, 2022
It’s been a priority with the Nigerian government, for over a decade to attract Foreign Direct Investment (FDI), but FDI growth and success peaked in this present Administration with the introduction of a Ministry for Trade and Investment, and wowing investments in recent months. FDI and local investment have been growing, keeping the Nigerian economy … Continue reading Nigeria’s Emerging Middle-Class
By david
Nigerian Budget Office Releases Proposed Expenditure Framework and Fiscal Strategy Till 2015
April 19, 2022
The Nigerian Budget Office has released a document on proposed expenditure framework and fiscal strategy in Nigeria, between now and 2015. This follows the presentation of the 2013 Budget by President Jonathan, a week ago. The document is a 15 – page paper, with tables, charts and write-ups projecting the expenditure of the Federal Government … Continue reading Nigerian Budget Office Releases Proposed Expenditure Framework and Fiscal Strategy Till 2015
By david
Nigeria’s GDP Up By 6.28% Last Quarter
April 19, 2022
By David Stephen. Nigeria is an emerging economy and has been dubbed as one of the fastest growing worldwide. This, by our Gross Domestic Product – GDP – quarterly rates us high on the global list. According to the Nigerian Bureau of Statistics, Nigeria’s GDP in the second quarter of 2012 grew by 6.28%. Non-oil … Continue reading Nigeria’s GDP Up By 6.28% Last Quarter
