Why Nigeria’s Economy Is ‘Broken’ – Timipre Sylva – Channels Television

A file photo of a food trader at a market in Akure, the Ondo State capital. Sodiq Adelakun/Channels Television The Minister of State for Petroleum Resources, Mr Timipre Sylva, has defended the handling of the nation’s economy by the Muhammadu Buhari administration.He was responding to questions about the economy and other issues during his appearance on Thursday’s edition of Channels Television’s…

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The economy vs. the virus

I have just returned from a 4200-mile drive to check out America.  My wife and I went into the heartland – Mt. Rushmore, Crazy Horse, Sturgis (a week before the huge motorcycle rally though the crowd was already gathering), Yellowstone, the Grand Tetons, and ended up in Jackson Hole, Wyoming. We then made our way back to Shreveport. For the…

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GCC Countries Back on Path to Economic Growth after Contraction Due to the Pandemic

More reforms needed to achieve economic diversification and to improve competitivenessRiyadh, August 4, 2021- Following a year of economic distress, Gulf Cooperation Council (GCC) economies are expected to return to an aggregate growth of 2.2{7cf23ffd9f893b42e5168467dbdff3dd8c8539e14232c919813e000f7f93ca07} in 2021, according to the latest issue of the World Bank Gulf Economic Update (GEU) titled “COVID-19 Pandemic and the Road to Diversification”. This growth…

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Canada’s economy recovers 94,000 jobs in July

Published on August 7th, 2021 at 05:00am EDT Updated on August 7th, 2021 at 11:23am EDT Canada’s economy was a little closer to pre-pandemic levels last month. Statistics Canada’s Labour Force Survey for July examined Canada’s labour market conditions during the week of July 11 to 17. During this week, public health restrictions across Canada were significantly reduced due to…

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Accelerating Investments in Agriculture to Boost Economy

Economy James Emejo writes that with the increasing public-private sector participation in agriculture, the Integrated Farm Estate approach is a model that should be replicated in all parts of the country to boost job creation, as well as support the efforts of the current administration towards achieving food security and economic diversification In a major development that is bound to…

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Debt is sinking the economy

A multi-trillion naira debt servicing plan, accompanied by yet another $8.32 billion borrowing request tamely approved by the Senate, has reignited widespread alarm over the Federal Government’s borrowing binge. The provision to spend N14.6 trillion on debt repayment in three years under the Medium-Term Expenditure Framework and Fiscal Strategy Paper 2022-24 comes amid rising debt servicing obligations that swallow 97…

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US sees solid growth as economy adds 943,000 jobs in July | US unemployment and employment data

US job growth rose solidly in July amid demand for workers in the labor-intensive services industry, suggesting the economy maintained its strong momentum at the start of the second half.Non-farm payrolls increased by 943,000 jobs last month after rising 938,000 in June, the labor department said in its closely watched employment report on Friday.Joe Biden hailed the news, with the…

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Buhari and politics of economic decapitation

There is a strong and inextricable relationship between political and economic governance. The quality and character of political governance to a great extent determines and influences economic outcomes. The Nigerian situation under Major General Muhammadu Buhari (retd.) epitomises this link. The economy has nose-dived, and all the macroeconomic fundamentals are headed south arising from the mismanagement of political tensions and…

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IMF, ILO to prioritise inclusive informal economy growth

The International Monetary Fund and the International Labour Congress have jointly called for efforts to combat discrimination that surrounds informal workers and the informal economy and other issues affecting informal workers globally, adding that it is important to seek ways to tackle and prioritise inclusive growth for informal workers This was stated on Friday at the launch of an IMF…

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Abuja-Kaduna-Zaria-Kano road will boost economy, social integration — Opinion — The Guardian Nigeria News – Nigeria and World News

Abuja-Kaduna-Zaria-Kano road. Photo/JuliusBergerSir: Not everyone loves driving for hours, but I do. For me, the adventure that comes with long trips is something that I enjoy. Each road trip leaves me with a new experience, both memorable and unique. As a regular traveller within the northern part of Nigeria, the state and condition of roads, and impact on the journey…

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