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NIGERIAN ECONOMY
The average cost of making a pot of jollof rice in Nigeria rose by 7.8% between March 2020 and March 2021.
Household consumption expenditure of Nigerians rose by 16.59% in Q4 2020 to stand at N13.92 trillion.
According to experts, protectionism if properly implemented can help boost Nigeria's local production and the economy.
Nigeria's foreign reserve of $34.74 billion is the lowest in 10 months.
The contraction in the oil sector indicates 7.26% points lower than the growth recorded in the previous quarter (Q2 2020, -6.63%)
Senate President, Ahmed Lawan has told the IMF that Nigeria's economy was on the path of growth despite challenges.
The persistent increase and scarcity of onions in major markets have become a major concern for many homes in Nigeria.
According to the latest Consumer Expectations Survey Report for Q3, 2020, consumers’ overall confidence index dipped to -21.2 points.
President Buhari has called on Nigerians to do all they can to avert a second wave of COVID-19 in Nigeria.
A CBN survey has concluded that credit to the economy declined by N900 billion or 2.27 % in August.
The NSE CEO has highlighted some of the measures the CBN took to save the Nigerian economy from collapse.
About N2 trillion spent in the last 5 years to achieve food self-sufficiency.