Business Hilights

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Economic Recovery and Growth Plan

2018 budget’ll hit the National Assembly before October this year—Udoma

Indications have emerged that the annual budgetary timing challenge which frustrated both the 2016 and 2017 budget may not rear its head again. This is coming on the heels of the revelation made by the Acting president, Yemi Osinbajo shortly…

Tier II operators identify threats to meeting national broadband target

Core investors in Nigeria’s Tier II telecoms segments have drawn attention of the federal government to the difficulties threatening their operations, saying if not resolved as soon as possible, the multiplier effect will include derailing of the broadband plan of…

Bridging infrastructure gap, best antidote to sustainable economic recovery—PwC

Contrary to plans by the federal government to implement the newly launched Economic Recovery and Growth Plan (ERGP) using a taskforce, PriceWaterCoopers (PwC) has suggested effective bridging of identified infrastructural gap in various value-chains as better strategy to drive recovery….

Using taskforce to implement ERGP’ll lead to duplication of duties, confusion, failure—Expert

As soon as the Minister of Budget and National Planning, Senator Udo Udoma, said the newly launched Economic Recovery and Growth Plan (ERGP) would be driven by a task force to be constituted by the Federal Government, an economist, Mr….

Buhari unveils FG’s Economic Recovery and Growth Plan today, Wednesday

All is set for the official launching of the Federal Government’s survival strategy roadmap, the Economic Recovery and Growth Plan (ERGP) 2017-2020 by President Muhammadu Buhari today, Wednesday at the Council Chambers of the Presidential Villa, Abuja, at 11am. The…

Lift forex ban on 41 items, criminalize Bureau D’Change to exit recession early—IMF

The long awaited warning from the International Monetary Fund (IMF) finally came and two major contents include that the Federal Government need to lift the remaining foreign exchange restrictions on the 41 items and see how it can outlaw multiple…

FG unveils fresh plan to restore daily crude production to 2.2mbpd, aims N800bn yearly

Riding on the achieved peace in the oil rich Niger Delta and drop in hostilities in the region, the Federal Government has unveiled plans to restore crude oil production to 2.2 million barrels per day (mbpd). The new target is…

Youths react to FG statement on economic recovery being in hands of youths

Less than 24 hours after the Minister of Budget and National Planning, Udo Udoma, said the Economic Recovery and Growth Plan will be driven by science, technology and innovation targeted at the youths, Director of Youth Activities at Africa Environmental…

How Nigeria will gain from the proposed $64 Million ‘Green’ Bond

Thursday last week can best be described an epoch making day in a renewed drive to exit recession relying on the imports of the $500 million Eurobond which had already instilled confidence in financial policy makers and industry players. Unveiling…