The economy has transformed from a basically agrarian economy to an economy driven largely by services and oil and gas with the agricultural sector, contributing an estimated 60 per cent to the country’s Gross Domestic Product (GDP) in the 60s. Though the contribution of agriculture has reduced to about 26 per cent, the same cannot…
Over the past six decades the Nigerian economy has transformed from a basically agrarian economy to an economy driven largely by services and oil and gas. While the agricultural sector contributed an estimated sixty percent (60%) to the country’s GDP in the sixties, its contribution has reduced to about twenty six percent (26%) presently. Conversely,…
The 3.54% GDP growth in the second quarter of 2022 marked the seventh consecutive quarterly GDP growth since the exit from recession in the fourth quarter of 2020. This report reflects the resilience of the Nigerian economy amid extreme macroeconomic challenges, galloping inflation, currency depreciation, foreign exchange illiquidity, high energy cost, heightened insecurity, weakening purchasing…
Morning Crossfire With Sheriff Quadry on Nigeria Info FM This episode, Economic expert, Dr. Muda Yusuf discusses Nigeria’s rising inflation and immediate solutions.
The Founder and Chief Executive Officer of Centre for the Promotion of Private Enterprise, Dr Muda Yusuf, has said that Nigerian ports are still grappling with high operational cost, extortion and weak application of technology. In a document titled. ‘CPPE Half Year Economic Review’, Yusuf said that scanners were yet to be fully operational at…
Centre for the Promotion of Private Enterprise (CPPE) has identified worsening insecurity in the country as a major problem for investors in the economy. The centre noted that many industrialists especially those who are in the agro-allied sector were grappling with challenges getting raw materials from the crop producing areas, which has continued to negatively impact capacity utilisation,…