Economy Archives - Page 57 of 69

Nov

17

2022

Presidency: Peter Obi envisages generating over $1bn by 2025.

Business, Economy, Opinion, PoliticsBusiness, Economy, Next Level, Nigeria, Peter Obi, Politics

The 2023 presidential candidate of the Labour Party, Dr Peter Obi has explained how Nigeria can get her economy back on track . First, our focus will be on agriculture and production-centered growth for food security and export, with more emphasis on exporting finished products instead of commodities and raw materials. This relates mainly to food and textiles. Nigeria has over 84 million hectares of arable land. Nigeria has over 84 million hectares of arable land. And barely 40% of our arable land is cultivated today. Nigeria’s arable land is her new oil and gold. We will incentivize the resuscitation…

Nov

14

2022

By Amos Oge Kalu

Buhari weak in managing Nigeria’s economy, governance – Report

Business, Economy, Lifestyle, Metro, Opinion, PoliticsEconomy, Lifestyle, Metro, Mohammadu Buhari, Next Level, Nigeria, Opinion, Politics, Security

Nigeria under President Muhammadu Buhari has performed poorly in governance, economic and political transformation, according to the BTI 2022 Country Report. The Bertelsmann Transformation Index (BTI) measures the development status and governance of political and economic transformation processes in developing and transition countries. Founded in 1977, the report is published biennially by Bertelsmann Stiftung, an independent establishment based in Gütersloh, Germany. More than 250 experts from leading academic institutions and civil society organizations worldwide assessed 137 nations. Nigeria is 108th overall: 86th spot for political transformation, 113th for economic transformation, and 99th for governance index. The 31-page report warns that…

Nov

12

2022

By Amos Oge Kalu

Bureau De Change operators frustrating naira growth – Expert

Business, EconomyBusiness, CBN, Economy, Money, Nigeria

A consultant, Dr Boniface Chizea, said the activity of Bureau De Change operators is frustrating the growth of the Naira against foreign currencies. Naira recorded an appreciable rise against the dollar in the parallel market, standing at 730/$ from 900/$ a week ago. Speaking in a chat on Friday while reacting to the latest Naira rise against the Dollar, Chizea said the operation of some BDC is a significant blow to the country’s local currency. He disclosed that the Nation’s economy benefits nothing from the activities of BDC operators. He said the noticeable growth in the Naira after the clampdown…

Nov

06

2022

By Amos Oge Kalu

See summary of Obi’s stewardship in Anambra, why he’s best man to fix Nigeria

Economy, Education, News, Opinion, Politics2023, Economy, Education, Labour Party, Next Level, Nigeria, Opinion, Personality, Peter Obi, Politics

Building your campaign on crash falsehood will do you a great disservice rather than hurt the intended Party. On Peter Obi, CHEW THIS… ON SECURITY… Under Peter Obi for 5 out of 8years Anamabra State was the safest in Nigeria. Ask the then IG of Police M.D Abubakar Rtd. EDUCATION… In 3years, He took Anambra from number 26 to number 1. He revamped the schools and gave them ICT Equipments. Gave back Missionary Schools to the Missions, and supported them with funds and educational materials. ON INFRASTRUCTURE… He did more connecting roads and bridges, including a 6 lane inroad into…

Nov

01

2022

By Kalu Odinakachi

Islamic group tells CBN to put Arabic on all denominations of redesigned Naira

Economy, News, PoliticsCBN, Economy, MURIC, Nigeria, Opinion, Politics, Religion

Muslim Rights Concern (MURIC) has supported the move by the Central Bank of Nigeria (CBN) to redesign the naira. However, the Islamic human rights organization gave the condition that Arabic Ajami must be inscribed on all naira denominations. MURIC stated this in a statement issued on Tuesday by the group’s director, Professor Ishaq Akintola. The statement reads in part: “The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, announced on October 26 2022, the plan by the CBN to redesign the naira. “MURIC hereby expresses its support for the project with the proviso that all the denominations must…