Tag
ECONOMY IMPACT
Nigerian business tycoon, Tony Elumelu, has urged the federal government to privatize the transmission lines to boost electricity supply and promote economic growth in the country.
Peter Obi, the Labour Party’s candidate in the 2023 presidential election, expressed his dismay at the prevailing economic difficulties, noting the troubling fact that Nigeria is now dependent on Ukraine, a country ravaged by war, for food aid.
President Bola Tinubu on Sunday signed seven bilateral, multi-sectoral agreements with the government of Qatar, aimed to boost investment opportunities between the two countries.
Mr. Vishal Jhadav, the Managing Director of Crescendo Worldwide, a diverse FDI consultancy firm based in India, has anticipated that the Enyimba Economic City (ECC) located in Abia State will boost the trade volume between Nigeria and India to $20 billion.
Shuaibu Audu, the Minister of Steel Development, has stated that Nigeria imports steel valued at $4 billion dollars every year.
Peter Obi, the presidential candidate for the Labour Party in the last general election, has expressed concern that raising the Monetary Policy Rate (MPR) and Cash Reserve Ratio (CRR) to 22.75% and 45% respectively will adversely affect the economy.