IMF Says South Africa May Overtake Nigeria As Africa’s Biggest Economy
The International Monetary Fund (IMF) has disclosed in its forecast that South Africa may topple Nigeria as Africa’s biggest economy. According to the IMF World Economic Outlook, South Africa, the most industrialised country on the African continent is reaching towards achieving $401 gross domestic product (GDP) in 2024. The global financial institution, however, envisioned that based on current prices, Nigeria and...
FG Proposes N26trn Budget For 2024 Fiscal Year
The Federal Government, yesterday, projected N26 trillion for the 2024 budget which it has targeted to submit to the National Assembly before December 31, 2023. Minister of Planning and Budget, Atiku Bagudu, made the disclosure at the end of the Federal Executive Council (FEC), presided over by President Bola Tinubu, while briefing State House Correspondents alongside his colleagues from Ministry...
Watch Your Debt Profile, IMF Cautions Nigeria As Borrowing Spree Continues
As President Bola Tinubu proposes N26.01 trillion budget for 2024 fiscal year, the International Monetary Fund (IMF) has raised concerns about Nigeria’s increasing debt burden. In its recent report on ‘Africa: Special Issue: In Pursuit of Stronger Growth and Resilience,’ IMF raised some concerns fearing that Nigeria’s government debt will surge by 4.3 percent of its GDP in 2024, from...
Kaduna Govt Seeks Investment From Saudi Arabia
The Kaduna State Government has canvassed for investment and support from the Kingdom of Saudi Arabia. Deputy Governor, Dr Hadiza Sabuwa Balarabe stated this at an event to celebrate the 93rd National Day of the Kingdom of Saudi Arabia at The Afficent event centre, in Kano on Saturday. In her remarks, the deputy governor thanked the Kingdom of Saudi for the...
Abia Ready To Revive Tourism Sector, Gov. Otti Assures
Gov. Alex Otti of Abia has expressed readiness to reshape the hospitality industry and tourism sector through creative strategies to boost the state’s economy. Otti said this on Wednesday during a meeting with members of Nigeria Hotel Association and Hotel Proprietors Association in Umuahia. The governor, who was represented by his Chief of Staff, Dr Caleb Ajagba, said that he was...
Nigeria Ranked 31st Most Productive Economy In 2022, Says Report
Nigeria has been ranked 31 in the list of most productive economies in 2022 based on Gross Domestic Product (GDP) according to a report. In the ranking, the United States of America came first, followed by China and Japan in the third position. Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Countries are...
UAE To Support Africa’s Clean Energy Projects With $4.5 Billion
The UAE has pledged $4.5 billion in a financial initiative to fast-track clean-energy projects in Africa. This is according to COP28 President-Designate Sultan Al Jaber, an announcement coming ahead of United Nations climate summit to be hosted by Dubai. “The initiative will prioritise investments in countries across Africa with clear transition strategies, enhanced regulatory frameworks and a master plan for developing...
Naira Will Become Stronger Again —Adeboye
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, says the naira will regain its strength among the league of currencies. He stated this on Saturday morning during the Church’s annual Holy Ghost Congress held at the RCCG International Headquarters along the Lagos-Ibadan Expressway. GLONAT reports that the 78-year-old cleric prayed to God to intervene in Nigeria’s...
It Makes No Sense, Former Statistician General Fault NBS Data That Says Unemployment Has Reduced
A former Statistician-General of Federation/Chief Executive Officer of the National Bureau of Statistics (NBS), Dr. Yemi Kale, has criticised the methodology used in calculating Nigeria’s unemployment rate from 20 hours to one hour per week. This comes barely a week after the NBS released a new data that put employment at 4.1 per cent from the 33.1% it was in...
We Inherited A Bad Economy, FG Says As Tinubu Insists On 50m Jobs
The Federal Government, on Monday, said it inherited a bad economy with an unacceptable high rate of unemployment. The government also assured Nigerians that the administration of President Bola Tinubu will not rely on borrowing and that he had pledged to be transparent, honest and accountable to the people. Meanwhile, the President has promised to create about 50 million jobs through...
![How To Secure Nigerian Visas For Tourists, Investors, Others [SEE FULL STEPS]](https://abntv.com.ng/wp-content/uploads/2024/05/Nigerian-Visas-For-Tourists-300x194.jpg "How To Secure Nigerian Visas For Tourists, Investors, Others [SEE FULL STEPS]")
![How To Secure Nigerian Visas For Tourists, Investors, Others [SEE FULL STEPS]](https://abntv.com.ng/wp-content/uploads/2024/05/Nigerian-Visas-For-Tourists-100x75.jpg "How To Secure Nigerian Visas For Tourists, Investors, Others [SEE FULL STEPS]")