‘Economy should recover quickly from anticipated recession’

Zainab Ahmed

Analysts at Cowry Asset Management Limited have said that they are expecting the Nigerian economy to recover quickly from the looming recession due to proactive monetary and fiscal measures taken by the country’s authorities to boost economic growth. The analysts stated this in the firm’s latest, “Cowry Weekly Financial Markets Review & Outlook (CWR),” obtained by New Telegraph at the weekend. They said: “With the sharp decline in crude oil prices, especially in the month of April 2020 –bonny Light average price was USD20.29/b –, coupled  with  the  significant  contraction …

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COVID-19: Nigeria heading to recession, says Finance Minister

Excess Crude Account balance drops to $72.4m States to get $1.5bn stimulus from World Bank FG, states to collaborate on re-opening of economy       Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has warned that Nigeria’s economy is heading towards another round of recession following the crash in the price of crude oil and other disruptions in the system as a result of the negative impacts of the coronavirus pandemic. Ahmed, who raised the alarm yesterday while briefing newsmen after the National Economic Council (NEC) meeting…

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No respite in FG-ASUU face-off

ASUU: BVN as pre-condition for payment is unacceptable     Govt:  VCs to revalidate lecturers’ BVN      DISAGREEMENT Academic Staff Union of Universities (ASUU) is on warpath with the Federal Government over the use of BVN as pre-condition for the payment of the lecturers’ withheld February and March salaries     A gain, there is yet to be any respite in the crisis rocking the nation’s university system.     The university lecturers, under their umbrella body, the Academic Staff union of Universities (ASUU) and the Federal Government are…

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Use debt relief savings to tackle COVID-19, diversify economy –Experts

…say relief package for small businesses not enough     Nigeria will get debt relief from May I to enable it fight the novel coronavirus (COVID-19) courtesy of China and G20 countries. PAUL OGBUOKIRI reports that the country is expected to utilise the debt relief savings to provide the non existing health infrastructure to fight the pandemic, provide adequate welfare to the needy as well as support the private sectors, especially small businesses and the informal business people to reboot the economy     Debt relief will give government fiscal…

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2019: Ahmed denies rift with Saraki

Kwara state governor, Alhaji Abdulfattah Ahmed denied insinuations of a rift between him and Senate president, Dr. Bukola Saraki, following the disruption of the People’s Democratic Party (PDP) gubernatorial primary in the state on Sunday night. Ahmed while speaking at the resumption of the primary yesterday said the rumours about a face_off between himself and Saraki was unfounded as he remains committed to the political structure led by the Senate President. At the resumption of the primary, three more of the aspirants withdrew from the race. They are Alhaji Saka…

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Ethiopia’s Abiy Ahmed: Lessons for Nigeria

Good governance exemplars in Africa continue to evolve, even if slowly. An African country, Ethiopia, has the youngest democratically elected Head of State on the continent; who happens also to be one of the 20 youngest Heads of State in the world. Africa should be proud. Yet it seems Africa failed to take sufficient notice. In the past 18 months, Africa has seen 15 leadership changes averaging approximately one per month. One of the remarkable transition was in Ethiopia. Its run up was not seamless, but the end result is…

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Defection: PDP meets Saraki, Tambuwal, Ortom, Ahmed

PDP

Ahead of the 2019 elections, series of meetings were yesterday held in the Seat of Caliphate, Sokoto and Ilorin, the Kwara State capital, between the leadership of the main opposition party, the Peoples Democratic Party (PDP), and high ranking members of the All Progressives Congress (APC). Though held under the cover of condolence visits, it was learnt that the marathon meetings took place preparatory to the defection of some APC leaders to the PDP. PDP national chairman, Prince Uche Secondus, led party leaders to meet with Senate President, Dr. Bukola…

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PHOTOS: Gov Ortom, Wike, Ahmed, Saraki, others meet in Ilorin

Benue state governor, Dr Samuel Ortom, and his Rivers State counterpart, Nyesom Wike, are currently in Ilorin, the Kwara state capital. While the main purpose of the visit is unknown as at press time, the governors alongside Senate President Bukola Saraki, Kwara State Governor, Abduldatah Ahmed attended the Fidau Prayer for Late Alhaja Aishat Baraje, Mother of Alhaji Abubakar Baraje, a Senior Member of Reformed APC and associate of Senate President Bukola Saraki in Ilorin, Kwara State. READ ALSO: PHOTOS: Governor Wike arrives Kwara Late Alhaja Baraje died peacefully on…

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Inclusiveness, key to good governance, stability– Ahmed

Kwara State Governor, Alhaji Abdulfatah Ahmed has said that inclusiveness was critical to ensuring good governance and stability in Nigeria. Ahmed made the remarks during an interaction with traditional rulers from Kwara South senatorial district of the State yesterday at the Government House, Ilorin   He said that inclusiveness was essential not only to getting feedback from the public but also to consulting key stakeholders and other representatives of the people concerning key decisions and policies that affect their welfare. Such inclusiveness, he said, would also ensure the support of…

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Opposition kicks as Ahmed celebrates ‘gains of continuity’

In this report, BIODUN OYELEYE observed that in the seven years that Governor AbdulFattah Ahmed has been in the saddle, there are people who believed that he has not lived up to expectations, particularly in the area of deepening the infrastructure base of the state from the level he inherited from the previous administration of Dr. Bukola Saraki.   It’s been seven years since Alhaji AbdulFattah Ahmed stood before the people of Kwara State and pledged to serve them as governor. And in less than 12 calendar months from now,…

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