Tag "recession"

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Recession: Oyo needs to evolve survival strategies–Ajimobi

Gov. Abiola Ajimobi of Oyo State says the state needs  to evolve survival strategies in the areas  of Internally Generated Revenue(IGR), restructuring and blocking of financial  loopholes. Ajimobi stated this in Ibadan on Wednesday at the inter-religious service organised by

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Despite recession, Nigerian govt budgets over N1 billion for PR, media lobby

Despite an economy in recession, the federal government plans to spend over one billion Naira on public relations and media lobby in 2017, a review of proposed allocations to the Federal Ministry of Information and Culture has revealed. According to

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Buhari’s 2017 budget can’t end recession – Economist

An economist has questioned President Muhammadu Buhari’s optimism that his 2017 federal ‘Budget of Recovery & Growth’ would bring an end to the current economic recession in the country. The president said at the opening of the induction course for

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Rep says recession to persist till mid-2017

Rep. Jonathan Gaza (PDP-Kokona/Keffi/Karu) in Nasarawa State, has advised Nigerians to ensure prudent management of resources and avoid extravagant expenses so as to save for rainy days. Gaza (PDP) gave the advice on Monday while addressing his constituents who paid

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Recession: Maharaji ji seeks price control, ban on luxury goods

Satguru Maharaji ji, the founder of  One Love Family sect,  has called on President Muhammadu Buhari to constitute a Price Control Board  in order  to ameliorate the impact of the current economic recession on ordinary Nigerians. He also  told newsmen

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If MMM collapses, Nigerians will suffer, says Founder, Mavrodi

MMM Founder, Sergey Mavrodi has said the scheme has done a lot to improve the welfare of Nigerians and reduce poverty despite the fear expressed by the federal government that it is a ponzi scheme. In an open letter, MMM

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APC says God is responsible for Nigeria’s economic situation

National Chairman of the All Progressives Congress (APC), Mr. John Odigie-Oyegun says that God might have a hand in Nigeria’s present economic downturn intended to remind Nigeria the need to implement and embrace drastic change, particularly in the country’s economic

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Economic Recession: Abuja Carnival records poor turnout

The Abuja Carnival which began on Saturday recorded poor turnout of FCT residents due to the economic hardship in the country. Some of the residents who spoke with newsmen, said that the carnival should not be the priority of the

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Exploit recession opportunities for self-reliance – Dogara tells Nigerians

The Speaker of House of Representatives, Mr Yakubu Dogara, on Saturday urged Nigerians to exploit the opportunities provided by the current economic recession to become self-reliant. Dogara made the call at Obosi, Anambra, while speaking at an economic empowerment programme

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X-raying Nigerian economic recession and the MMM controversy – Gbenga Odunsi

By Gbenga Odunsi (Assistant Editor) The House of Representatives has asked the Economic and Financial Crimes Commission and the Central Bank of Nigeria to immediately go after the promoters Mavrodi Mondial Moneybox, otherwise known as ‘MMM’ in Nigeria. Lawmakers strongly

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