Tag Archives: GDP

Authority Stealing

Nigerian flag

By Kayode Akinrimisi II   Authority stealing, authority stealing a song popularised by Fela Anikulapo Kuti is the root cause of the #ENDSARS project rocking Nigeria at the moment. It is a situation where education sub sector is taking N40bn in the national budget and National Assembly is taking N120bn, this is not tenable. Some analysts will say Nigeria actually …

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GDP Slows To 1.94% In Q2

Nigeria’s Gross Domestic Product (GDP) growth rate dropped to 1.94 per cent (year on year) in real terms in the second quarter of the year (Q2 2019) compared to 2.10 per cent in the preceding quarter, according to the National Bureau of Statistics (NBS).

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World Bank Ranks Nigeria Lowest In Human Capital Dev’t

**To Invest $15bn In Africa In 3 Years   Tayo Olanipekun, Washington DC The World Bank has said it will increase its investments in human capital in Africa by 50 per cent in the next funding cycle to include new grants and concessional finance for human capital projects totaling $15 billion in fiscal years 2021-2023. This is coming as the …

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Nigeria Must Increase VAT And Excise Taxes, IMF Insists

Tayo Olanipekun, Washington D.C Nigeria must embark on a comprehensive tax reform to “sustainably increase its non-oil revenue” considered to be among the lowest in ratios to GDP in the world, the International Monetary Fund (IMF) has said. The nation has important development needs “big time” and with its non-oil revenue to GDP at around 3.4 and total tax revenue …

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GDP Rises To 2.38% In Q4

Nigeria’s Gross Domestic Product GDP growth rate increased to 2.38 per cent (year-on- year) in the fourth quarter of 2018 (Q4, 2018), indicating a 0.55 percentage rise compared to the 1.81 per cent growth recorded in the preceding quarter, according to the National Bureau of Statistics (NBS). This also represented an increase of 0.27 per cent when compared to the …

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Report: Dangote Responsible For Over 10% Of Nigeria’s GDP

Aliko Dangote, Africa’s richest man, and his conglomerate, the Dangote Group, have been reported to be responsible for over 10 percent of Nigeria’s gross domestic product (GDP). The report, published by TIME Magazine, says Aliko Dangote is currently worth $14.1 billion, but his company’s investment is responsible for much more than his net worth. According to the World Bank, Nigeria’s …

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