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Tag "economic recovery"

DMO: Borrowing helped Nigeria recover from economic shocks

    DMO: Borrowing helped Nigeria recover from economic shocks

Patience Oniha, director-general of the Debt Management Office (DMO), says federal government relied on debt to finance over 90 percent of budget deficits.  Oniha disclosed this at a workshop on

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IMF: Sub-Saharan Africa’s economy to grow by 3.7% in 2021 — world’s slowest recovery

    IMF: Sub-Saharan Africa’s economy to grow by 3.7% in 2021 — world’s slowest recovery

The International Monetary Fund (IMF) says economic recovery in sub-Saharan Africa will be the slowest in the world. In its October Regional Economic Outlook for sub-Saharan Africa report released on

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COVID-19: Insurance sector will play a vital role in Africa’s economic recovery, says Buhari

    COVID-19: Insurance sector will play a vital role in Africa’s economic recovery, says Buhari

President Muhammadu Buhari says the insurance industry will play a vital role in Africa’s economic recovery from COVID-19. He said the insurance sector would play a crucial part in the

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Akinwumi Adesina: IMF’s SDR allocation will boost finances of developing countries

    Akinwumi Adesina: IMF’s SDR allocation will boost finances of developing countries

Akinwumi Adesina, president of the African Development Bank (AfDB), says the International Monetary Fund (IMF) $650 billion special drawing rights (SDRs) will boost the reserves of developing countries. Adesina said

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DPR mulls economic recovery programme for petroleum industry

  DPR mulls economic recovery programme for petroleum industry

The Department of Petroleum Resources (DPR) says it is formulating a maximum economic recovery (MER) programme, aimed at strengthening the

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African leaders call for $100bn assistance to support economic recovery

  African leaders call for $100bn assistance to support economic recovery

The African heads of state and governments have called for a replenishment of the World Bank’s International Development Association (IDA20)

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Nigeria’s gradual road to economic recovery

  Nigeria’s gradual road to economic recovery

Africa’s largest economy has displayed resilience over the past few months. From defending against the COVID-19 menace to battling untamed

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Yahaya Bello: FG should focus on economic recovery NOT procuring COVID-19 vaccines

  Yahaya Bello: FG should focus on economic recovery NOT procuring COVID-19 vaccines

Yahaya Bello, governor of Kogi, says the federal government should focus more on reviving the economy than on how to

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