“Tighter monetary conditions are pushing government interest rates for local currency borrowing to higher levels, from an average of 12.8% in 2023 to 19.7% between January and May 2024. As the government is predominantly borrowing in domestic markets, this will have a significant impact on interest spending, which we expect will increase by 1 percentage of GDP in 2024 and consume 36% of government revenue.”
Browsing: Nigeria
The Chinese government has promised to increase imports of agricultural products from Nigeria following the country’s exports valued at N572 billion to Asia.
Non-governmental organisations are supposed to be interventionist bodies that are formed to improve the quality of life for people through various means, some of which are one or more out of the provision of necessities such as food, clothing, improvement of educational and healthcare infrastructure and provision of materials, training and many more that would improve the quality of life and enhance employment opportunities.
According to the latest data published by the Central Bank of Nigeria (CBN), the reserves now stand at $33.58 billion as of June 19, 2024.
Vladimir Lenin said it so many years ago that the pathway for placing Russia on the path to development: “Communism…
BAT is the only President to have made such a declaration on food security, the most critical security for human survival. I can imagine BAT’s feelings when he declared a state of emergency on food security as a quick fix to address the monster of hunger and squalor. He was virtualizing every hand to be on deck to make agrarian Nigeria achieve food security in a matter of months with excess for exports.
“The pain is widespread. Unions strike to protest salaries of around $20 a month. People die in stampedes, desperate for free sacks of rice. Hospitals are overrun with women wracked by spasms from calcium deficiencies.
GIABA, an inter-governmental action group against money laundering in West Africa, says Nigeria recorded significant achievements in its war against money laundering and terrorism financing in 2023.
“This combined total of $2.25 billion will offer essential financial and technical support as the government continues to address economic distortions.
The EU Ambassador to Nigeria and ECOWAS, Ms Samuela Isopi said this on Thursday when she led a delegation on a courtesy visit to the Minister of Innovation, Science and Technology, Uche Nnaji in Abuja.