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Having recovered from the recession, coupled with impactful policies and reforms introduced by the Federal Government, the Lagos Chamber of Commerce and Industry (LCCI) has said that the nation’s economy is now on a growth path. LCCI, in its economic review of four years of President Mohammadu Buhari’s administration, noted that though the absence of an economic blueprint in the early days of the administration created challenges of uncertainty, but with the launched of the Economic Recovery and Growth Plan (ERGP) in April 2017, it provided clearer economic policy direction of the administration as it has enhanced the level of investors’ confidence and diminished uncertainties…
More details through: https://www.dailytrust.com.ng/nigerian-economy-now-on-growth-path-lcci.htm
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Hope of transforming Lagos to a Smart City is coming alive, as MainOne, connectivity and data centre solution provider, is committing N25 billion to deploy fibre optic infrastructure in Lagos to enable broadband connectivity across the state, through its “Digital Lagos: Broadband for All” plan.
MainOne, recently granted an infrastructure company (InfraCo) licence by the Nigeria Communications Commission (NCC) to build digital infrastructure in Lagos, has drawn out a plan to build over 2,000 kilometres of fibre optic infrastructure with associated electronics in the next two to three years. This will enable Lagos connect all institutions to the fastest networks, in addition to its already existing 700-kilometer network that covers major centres and Yaba, Nigeria’s tech hub. Funke Opeke, CEO, MainOne, says the company’s ambition to help build a smart Lagos is inspired by the vision of Babajide Sanwo-Olu, the incoming governor, who noted presciently that ‘Technology will improve the rule of law, education, ease of doing business and government processes of Lagos.’… More details through: https://businessday.ng/technology/article/updated-mainone-makes-n25bn-digital-infrastructure-investment-for-lagos-smart-city-initiative/ ABUJA, May 20 (Reuters) - Nigeria’s gross domestic product grew 2.01% in the first quarter of 2019 compared with growth of 1.89% in the same period a year before, the National Bureau of Statistics said on Monday.
Nigeria’s economy emerged from a recession in 2017 and has been recovering largely due to higher oil prices, though growth remains fragile. (Reporting by Paul Carsten; Editing by Toby Chopra)… More details through: https://af.reuters.com/article/nigeriaNews/idAFB8N1V5015 The Chief Executive Officer of Rand Merchant Bank Nigeria (RMBN) and Regional Head, West Africa, Michael Larbie, has emphasised that despite the recent economic headwinds in Nigeria, the country remains an attractive investment destination. Larbie, said this whilst speaking during a panel session at the 2019 Annual Investor Day which took place recently in London recently…
More details through: https://www.thisdaylive.com/index.php/2019/05/13/larbie-nigeria-remains-attractive-investment-destination/ There are indications that foreign investors are showing more interest in Nigeria as the country recorded $91bn investment announcements in 2018, Daily Trust findings have shown. Data from the Nigeria Investment Promotion Commission (NIPC) seen by our reporter show increased investors’ interest in Nigeria largely due to heightened investment promotion at the federal level…
More details through: https://www.dailytrust.com.ng/investors-interest-soars-as-nigeria-gets-91bn-investment-in-q1-2019.html The International Monetary Fund, IMF, has effected an upwards review of Nigeria’s economic growth rate projection to 2.1 percent, a second review by the Bretton Woods institution on the forecast this year alone. Earlier in January it had reviewed the statistics downwards to 2.0 percent from initial figure of 2.3 percent referencing challenges in the international oil prices. But oil prices have been stabilizing since February this year…
More details through: https://www.vanguardngr.com/2019/04/imf-reviews-nigerias-growth-upwards-to-2-1/ A survey by the Central Bank of Nigeria, CBN, has indicated private sector positive sentiment over the country’s macro-economic conditions. Consequently, the firms have projected a decline in inflation rate this month even as they expect further growth in confidence in macro-economy during the period…
Read more at: https://www.vanguardngr.com/2019/04/firms-in-positive-sentiment-on-the-economy-cbn-survey/ FIVE States on Wednesday night were rewarded for being top reformed states in easy of doing business in 2018. The five states which were presented with award by the Vice President at the Presidential Enabling Business Environment Council (PEBEC) Awards 2019 at the Old Banquet Hall of the Presidential Villa Abuja are Kaduna, Enugu, Lagos, Abia, and Anambra.
More details through: https://www.vanguardngr.com/2019/04/ease-of-doing-business-kaduna-enugu-lagos-abia-anambra-top-reformed-states-in-2018/ The International Monetary Fund (IMF) has expressed a renewed confidence in the Nigerian economy, as its Executive Directors welcomed Nigeria’s ongoing economic recovery, accompanied by reduced inflation and strengthened reserve buffers…
More details through: https://www.vanguardngr.com/2019/04/insight-imf-expresses-confidence-in-nigerias-economy/ KPMG Professional Services says consumer goods and financial services are top attractive investment sectors in Nigeria. The firm disclosed this in its second edition of the KPMG’s report entitled, ‘Doing deals in Nigeria 2019 – Key insights from dealmakers.’…
More details through: https://punchng.com/consumer-goods-financial-services-top-attractive-investment-sectors-kpmg/ |
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