Economic Recovery Plan, ready in February – FG

 

The Federal Government’s anticipated National Economic Recovery Growth Plan (NERGP) will be ready before the end of February, an official statement has stated.
The NERGP, focuses on five broad areas namely: macroeconomic policy, economic diversification and growth drivers, competitiveness, social inclusion and jobs, and governance and other enablers.
Government, through the plan, is targeting a growth rate of seven per cent between 2017 and 2020.
This is according to a statement issued by Mr Akpandem James, the Media Adviser to the Minister of Budget and National Planning, Sen. Udoma Udo Udoma on Friday in Abuja.
It stated that the plan is expected to be formally launched by President Mohammadu Buhari.

Nigeria's Economy Needs Visionary Leadership

Africa and the world cannot afford a failing economy in the continent’s most populous nation. Yet that is exactly what Nigeria might be getting: Its economy is on track to shrink by 1.7 percent this year, the official unemployment rate has more than doubled over the last two years,

Nigeria: Presidency Accuses N'Assembly of Frustrating 2017 Budget Submission

Abuja — By refusing to consider and approve the 2017-2019 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), a statutory prerequisite for the submission of next year's budget, the presidency is of the firm view that the National Assembly is doing everything possible to put pressure on the executive arm to fund the controversial constituency projects contained in the 2016 budget.

The MTEF is a three-year expenditure framework that sets out the medium-term expenditure priorities and hard budget considerations against which sector plans can be developed and refined. It also contains the outcome criteria for the purpose of performance monitoring.

In the past few weeks,

Anenih is called ‘Mr Fix it’ because he helped put Nigeria in present fix – Timi Frank

Suspended Deputy National Publicity Secretary of the All Progressives Congress, APC, Comrade Timi Frank, has risen in defense of former vice president, Alhaji Atiku Abubakar over claims made by erstwhile chairman of the Peoples Democratic Party, PDP, Board of Trustees, Chief Tony Anenih, urging the latter to stop making disparaging comments at old age and quietly retire from politics.

Anenih had revealed in his book titled,

#ONDODECIDES | How Akered­olu won

Former Nigerian Bar Associ­ation (NBA) President and candidate of the All Pro­gressives Congress (APC), Mr. Oluwarotimi Odunayo Akered­olu (SAN), has emerged the gov­ernor of Ondo State.

He polled a total of 224,842 votes to defeat 27 candidates from other political parties in Saturday’s election to clinch the office.

Akeredolu was announced the winner of the election by the Independent National Elector­al Commission (INEC) Return­ing Officer, Prof. Abdul Ganiyu Ambali.

He was trailed by the PDP candidate, Eyitayo Olayinka Jegede, who scored 150,380 votes while Olusola Alex Oke of the Al­liance for Democracy (AD) came third place with 126,889 votes.

Declaring the result, Ambali said that

Nigeria: The Return of Garrisonomics

Deploying security men to raid parallel markets offers no solution to the economic challenges

The Law Reform Commission is reported to have submitted a draft legislation to jail Nigerians who hold United States dollars beyond a 30 -day time frame. While the Senate has said it will not entertain the proposal, contingents of Directorate of State Service (DSS) officers have been raiding parallel market money changers in major urban centres like Abuja, Lagos and Kano. Similarly, the Central Bank of Nigeria (CBN) which had earlier on announced a deregulation of foreign exchange rates has made pronouncements that seem more political than practical in the circumstance.

All these arbitrary and coercive measures are united by their regimental nature that seems to be the preferred method of President Muhammadu Buhari and his administration. Yet,

Wailings of a master planner

NIGERIA is facing severe economic challenges that have made life brutish for virtually everybody. Nigerians labour daily to overcome these economic challenges. Beyond the obvious economic challenges, there are agitations in the South-East led by MASSOB, challenges of herdsmen in different parts of the country, the scourge of the ‘technically degraded’ Boko Haram  in the North-East and the resurgence of violence in the Niger  Delta over calls for rapid development, resource control, resource ownership and restructuring of the Nigerian Federation.