Tag: Economist

“Take currency swap seriously; reduce reliance on US dollars” – Economist urges CBN

Aminu Imam

An economist, Prof. Akpan Ekpo, has urged the Central Bank of Nigeria, (CBN), to take seriously the currency swap agreement with Peoples Bank of China, (PBoC) to reduce reliance on dollars for trade. Ekpo, a former Director-General of West African Institute for Financial and Economic Management, (WAIFEM), gave the advice while speaking with the News Agency of Nigeria, (NAN), yesterday in Lagos. According to him, “This is the time to implement the Nigeria-China currency swap so that we don’t put all our eggs in one basket. “Nigerians who are dealing with…

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Economist urges Nigerian Govt to focus more on agriculture to boost economy

Abdul-Azeez Ahmed Kadir

An economist, Tope Fasua has urged the Federal Government of Nigeria to put more effort in the agriculture sector to address the global food crisis caused by the Russian Ukrainian war. Fasua said this in an interview in Abuja on Monday. It will be recalled that the International Monetary Fund (IMF), said the Sub-Saharan African Region needs a careful policy response to address the challenges of the new economic shock caused by the war in Ukraine. He, however, said that the African continent had been faced with an economic crisis…

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Insecurity, poor economy: Osinbajo, Senators, others hold special prayer session for Nigeria

Aminu Imam

Christian legislators in the National Assembly have elected to hold a special prayer session for Nigeria today, Thursday. The event will also mark the 11th edition of the National Prayer Summit organised by the National Assembly Christian Legislators Forum. Themed: “”Faith in Jesus Christ in time of crisis”, Vice President Yemi Osinbajo is expected at the session with the presiding Bishop of Living Faith Church, Goshen, Abuja, Bishop David Abioye, delivering the keynote address. Briefing newsmen at a press conference, the Chairman of the Forum, Senator Emmanuel Bwacha said the…

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Presidency replies Economist on threats to Nigeria’s stability, insists President Buhari is strengthening Africa’s democracy

Aminu Imam

…Says previous leaders lacked courage to tackle threats The Presidency, yesterday responded to what it described as “TheEconomist’s flawed anti-Nigeria cover”, saying that President Muhammadu Buhari is strengthening Africa’s democracy. These were contained in a statement issued by the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, in Abuja. The Presidency also said that the resilience and fortitude of patriotic Nigerians will see the nation through its difficult times. The statement reads: “TheEconomist is correct: Nigeria faces four key threats to the stability and prosperity of the nation…

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