Nigeria’s economy may relapse to recession – CBN

The Monetary Policy Committee of the Central Bank of Nigeria has admonished the government to faithfully commence implementation of 2018 budget to avert the danger of economy sliding back to recession. CBN governor, Godwin Emefiele confirmed the committee position to the media Tuesday just as the committee left the Monetary Policy Rate unchanged at 14 per cent. The CBN Governor, Mr. Godwin Emefiele, announced the decision of the committee at the end of a two-day meeting held at the apex bank’s headquarters in Abuja. Seven out of ten members of…

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Author offers panacea to economic recession

  As the country wriggles out of the effect of economic recession which bit hard last year and dovetails to this year, an author, Mr. Nelson Oruh, proffers solution to global economic crises in his book, “Heavens Economy” (The Last Hope for Global Economic Reforms), which he recently launched in Lagos. He said that it is not by accident that the world is going through recession because God has plans for this present economic era. According to him, he has the assurance that economic recession is not heaven’s culture because…

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How Nigerian showbiz stars survived recession

One of the most hit industries by the economic recession which started since late 2014 is the Nigerian film industry, better known as Nollywood, which ironically ranks as the third largest in the world. The industry, in the season in focus, lost some notable figures to deaths that could have been avoided had there being sufficient funds for medical care while others pathetically fed from hand-to-mouth before the National Bureau of Statistics finally declared a few months back that the country is officially out of recession. But while the storm…

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Fayose faults FG’s claim on economic recession, Says; “Statistics meaningless to hungry Nigerians”

Fayose faults FG’s claim on economic recession, Says; “Statistics meaningless to hungry Nigerians” Ekiti State Governor, Mr Ayodele Fayose has faulted claim by the federal government that Nigeria was out of economic recession, saying “The reality is that Nigerians are suffering and dying, with foods and drugs out of their reach and no among of economic statistics will make meaning to people who cannot afford to eat once daily.” Speaking through his Special Assistant on Public Communications and New Media, Lere Olayinka, Governor Fayose said “Claiming that Nigeria is out…

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Atiku: Recession can only end with food on Nigerians table

Atiku Abubakar

Former Vice President and chieftain of All Progressives Congress, Atiku Abubakar has said that the real end to recession would be when Nigerians can have three square meal to eat, just as the Action Democratic Party (ADP) has described as a political statement the exit of Nigeria from recession. According to the political party, such claim from the federal government was “too bogus without facts and data.” Also in another reaction, the Social Democratic Party (SDP) said the claim does not call for celebration yet. The former Vice President in…

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Recession exit excites CBN

The mood at Central Bank of Nigeria ( CBN) Tuesday was a joyous one, reflecting the good news that economy existed recession recording 0.55 growth second quarter of 2017. This is as apex bank expressed confident that, the prevailing economic fundamentals anchored by declining inflation rate, monetary policy stance would provide salutary effects to propel further economic growth. The National Bureau of Statistic in its second quarter GDP  report  Tuesday said Nigeria economy recorded GDP growth of 0.55% second quarter of 2017. The CBN Governor, Godwin Emefiele  had repeatedly said Nigeria would…

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Economic recession: PDP asked to apologise to Nigerians, Buhari

An political group, Buhari Support Organisation (BSO), Enugu State chapter, has demanded an apology from the Peoples Democratic Party (PDP) over what it described as the damage inflicted on the Nigerian economy by the immediate past administration of Dr Goodluck Jonathan. BSO made the request while reacting to statement issued by the Ahmed Makarfi faction of the PDP on President Muhammadu Buhari’s Easter message. Speaking through its Publicity Secretary, Mr Eze Chibueze, the group said the PDP should rather apologise to Nigerians, instead of ‘insulting our collective intelligence with their…

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Bida Poly students bemoan hike in hostel rent

Given the current economic recession facing the country, students of the Federal Polytechnic, Bida have lamented the hike in rent of houses within the polytechnic communities. The students, who expressed their dismay over the increment in house rent, said that the unexpected increase in the house rents in the polytechnic community was arbitrary. While saying that it had made life more difficult for students living in rented apartments off campus, a National Diploma (ND) II student of the Department of Mass Communication, Abdullateef Akanbi complained that “most landlords or house…

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Shall I tell this to the president?

They already own everything; they own our politics, our economy and our money. Even the CBN is being privatised and controlled by this cartel. The same cartel now wants to control the water we drink and the air we breathe to complete their vicious cycle of enslaving and subjugating us all. They don’t care about the future but only about the dark interest they represent. Unrestrained capitalism is evil and should be challenged. The media knows about this but will never write about it. Our elite knows about this but…

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