The National Bureau of Statistics has said Nigeria’s Gross Domestic Product growth rate in real terms grew by 3.46 per cent in the third quarter of 2024 on a year-on-year basis. The Statistician General of the Federation, Prince Adeyemi Adeniran said this in a press statement recently. He said the growth is 0.92 percentage points…
The Ministry of Agriculture and Food Security (FMAFS) has, on behalf of the federal government, signed a Memorandum of Understanding (MoU) with Fundação Getulio Vargas (FGV) of Brazil, (has signed a Memorandum of Understanding MOU) to advance private sector development in fertiliser production, implement 1.2 billion Green Imperative Project (GIP). The partnership, struck at the…
Economic inclusion programmes are cost-effective and impactful but are reaching only about one-in-ten people living in extreme poverty, according to a World Bank report released recently. Economic inclusion programmes, which provide cash transfers, skills training, business capital, coaching, and market access build a ladder out of poverty for the poorest and most vulnerable people, particularly…
Guests at the 60th anniversary celebration of the Cocoa Research Institute of Nigeria, CRIN may not have envisaged that there would be a need for shopping at the venue within the premises of CRIN at Idi Ayunre, Ibadan, Oyo State on Monday. But many of them went away, after satisfying their curiosity, with bye products…
Nigeria accounts for $28.2bn of the Sub-Saharan Africa (SSA) port project pipeline, driven by large-scale projects such as the $12bn Olokola Deep Sea Port in Ondo, a report by BMI, a Fitch Solutions Company has said. The research firm stated this in a report titled ‘Sub-Saharan African Transport Infrastructure Project Pipeline: Roads And Bridges Set…
A Public Policy Analyst, Comrade David Adenekan, has faulted the belief that Nigeria can bridge the wide gap of deficits in food production through subsistence farming. Adenekan in a statement he issued in Abuja, said the authorities should go beyond mere declaration of the state of emergency in food security by addressing the challenges of…
The Minister of Regional Development, Engr. Abubakar Momoh, has warned that Nigeria’s vulnerability to climate change is escalating and posing significant threats to the country’s development and its people. The Minister stated this on the margins of the United Nations Climate Change Conference (COP29) in Baku, Azerbaijan. According to him, the Niger Delta, the region that…
AT RECENT CLIMATE SUMMIT World leaders at the 29th United Nations Climate Summit (COP29) in Baku, Azerbaijan, have reached a new climate finance deal. After about two weeks of intense deliberations and negotiations, wealthy nations have pledged to provide $300bn annually to poorer countries to help them address climate change challenges. The COP29 President, Mukhtar…
The National Bureau of Statistics (NBS) in Abuja said that findings from multi-topic data on household income, assets, health, education, and economic activities have been used to design projects in sectors such as agriculture and food, education, water, social protection and jobs, and governance, valued at $8.9bn. Speaking at the official launch of the 2023/24…
The National Agency for Food and Drug Administration and Control (NAFDAC) has dismantled illegal alcohol packaging centres at Article Market in Abule-Osun, Lagos State. The agency said over 50,000 counterfeit branded labels and packaging materials for fake alcoholic beverages, valued at approximately N2 billion, were confiscated. This was made known via its social media handle…
