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NATIONAL BUREAU OF STATISTICS
For families, it will require a lot of sacrifice, adjustments and prudence in the management of resources to navigate the economic storm.
The National Bureau of Statistics (NBS) released the GDP report for Q3 2020 which officially confirmed the economy has slipped into a recession.
A recently released NBS report indicates that air transport contracted by 38.86% in the third quarter of 2020.
The National Bureau of Statistics highlighted seven reasons why Prof. Hanke’s claim is faulty and holds no ground in the Nigeria ecosystem.
The CBN has insisted that rising food inflation can not be attributed to its monetary policy but to supply-related issues.
The survey is part of a World Bank global effort to support countries in their data collection efforts to monitor the impacts of COVID-19.
Despite the flurry of funds provided via intervention policies, long-standing bottlenecks in the agric sector still exist.
Data for September showed that headline inflation in Nigeria rose for the thirteenth consecutive month to a 30-month high.
The average price per litre for Kerosene increased from N346.53 in August 2020 to N347.98 in September 2020.
The distribution of loans under the Agricultural Credit Guarantee Scheme Fund declined in recent years.
Lagos State recorded the highest credit by geographical distribution with N14.92trn accounting for 78.94%.
As Nigeria marks her independence anniversary, it is imperative to Xray how the economy has performed in the past decades.