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Nigeria's Economy

Nigeria Needs 17% Annual GDP Growth Rate To Achieve $1trn Economy 2030 – Expert

As Nigeria strives to reach a $1 trillion economy by 2030, Chief Economist and Partner at SPM Professionals, Dr. Paul Alaje, has stated that the country needs a consistent 17 percent annual growth rate for seven to eight years to achieve this

July 31, 2025

News

Tinubu Feeding Nigerians With Wrong Statistics – Obi

Presidential candidate of the Labour Party in the 2023 election, Mr Peter Obi, has accused President Bola Tinubu’s government of feeding Nigerians with wrong statistics on unemployment, inflation, and GDP. Obi alleged that Tinubu’s administration is presenting incorrect figures to create a

July 28, 2025

FEATURES

U.S. Tariffs And Nigeria’s Economy: The Imperative For Industrial Diversification

The recent imposition of 14 per cent tariffs by the United States on Nigerian exports (excluding oil) has exposed the fragility of Nigeria’s trade-dependent economy and underscored the urgent need to strengthen domestic industrial capacity. This protectionist move by the Donald Trump administration, part of the

July 25, 2025

Business·News

LCCI To Nigeria Govt: We Need Economic Transformation Not Celebration Of GDP Figures

The Lagos Chamber of Commerce and Industry (LCCI) has called on the Nigerian government to embark on strategic economic transformation and not the celebration of mere statistical figures about the economy. The Chamber stated this while reacting to the release of Nigeria’s

July 24, 2025

Business

It’s Too Early For CBN To Cut Interest Rate – Experts

Economic experts have said the Decision of the Central Bank of Nigeria (CBN) to retain the monetary policy rate, also known as the benchmark interest rate at 27.5 per cent was the right decision given the status of the economy. The CBN’s

July 23, 2025

Agro-Economy

Nigeria’s GDP: Economist Decries Poor Contribution Of Agriculture To Economy

Development economist, Professor Ken Ife, has expressed concern about poor contribution of agriculture to Nigeria’s economy. Professor Ife said it is quite disturbing that the agricultural sector is recording poor output in a country with an annual population growth rate that ranges

July 23, 2025

FEATURES·Finance & Economy

The Paradox Of Nigeria’s GDP Growth And Deepening Poverty

Nigeria’s recent Gross Domestic Product (GDP) rebasing exercise and reported economic growth present a striking contradiction to the lived realities of most Nigerians, according to analysts. While official statistics show an expanding economy with a 3.13 per cent growth rate in the first quarter (Q1)

July 23, 2025

Opinion

Nigeria Week Ahead: CBN Decision, ECB And USD In Focus

This will be a week defined by high-impact events and corporate earnings from the largest companies in the world. Nigeria’s central bank is expected to hold interest rates on Tuesday. This decision is likely based on still stubbornly high inflation despite price pressures easing in recent months.

July 22, 2025

Business·Finance & Economy·Top Stories

Services, Industry Sectors Drive Nigeria’s Economic Growth As GDP Rises By 3.13% In Q1 2025

Nigeria’s economy grew by 3.13 per cent year-on-year (YoY) in real terms in the first quarter (Q1) of 2025. This is according to data released by the National Bureau of Statistics (NBS) on Monday, 21 July 2025. This growth reflects a rebasing of the Gross Domestic Product

July 21, 2025

Opinion

Economy And Creative Disruptions For Stability

On the assumption of office by President Bola Ahmed Tinubu, both the fiscal authority and monetary authority embarked on creative disruptions towards reconstructing essential economic variables for stability going forward. Creative disruption is an economic concept by Joseph Schumpeter, the chief exponent

July 19, 2025

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Nigeria's Economy

Nigeria Needs 17% Annual GDP Growth Rate To Achieve $1trn Economy 2030 – Expert

Tinubu Feeding Nigerians With Wrong Statistics – Obi

U.S. Tariffs And Nigeria’s Economy: The Imperative For Industrial Diversification

LCCI To Nigeria Govt: We Need Economic Transformation Not Celebration Of GDP Figures

It’s Too Early For CBN To Cut Interest Rate – Experts

Nigeria’s GDP: Economist Decries Poor Contribution Of Agriculture To Economy

The Paradox Of Nigeria’s GDP Growth And Deepening Poverty

Nigeria Week Ahead: CBN Decision, ECB And USD In Focus

Services, Industry Sectors Drive Nigeria’s Economic Growth As GDP Rises By 3.13% In Q1 2025

Economy And Creative Disruptions For Stability

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