The Economist has predicted "more misery ahead" for Nigerians in President Muhammadu Buhari's second term.In a report on Thursday, the magazine said more Nigerians slipped into poverty during Buhari's first term while the country's economy "stuck like a stranded truck."The Economist said while the nation's economy has performed poorly, there is "little sign of the kind of export-led industrial revolution that [...]
Tag "The Economist"
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The Atiku Campaign Presidential Organisation says the endorsement of the presidential candidate of the Peoples Democratic Party (PDP) by the Economist Magazine has rendered as lies, “ridiculous claims” made by Lai Mohammed, minister of information.The campaign organisation said this in response to a recent endorsement of Atiku Abubakar by the magazine.When the research unit of the international business magazine had predicted [...]
Lai Mohammed, minister of information, says the prediction of Peoples Democratic Party (PDP) victory at 2019 presidential poll by The Economist magazine is fake news.The Economist Intelligence Unit (EIU), the research unit of the magazine, had said though the 2019 election would be "a close contest", the PDP would defeat the All Progressives Congress (APC).Speaking when he visited corporate [...]
BY KEHINDE BAMIGBETAN The set theory is a commonsensical heritage of arithmetics. By defining a selection from a universe as a set, it makes value judgments that could relate to the mass. The Economist Intelligence Unit, the research arm of the highly prestigious Economist news magazine experiments with the set theory every year. To execute its livability survey, it selects 140 [...]
People living in Lagos, Nigeria's economic capital, are inhabiting the third worst city for humans to live in the world.This is according to the newly released ranking of the 2018 Global Liveability Index released by The Economist Intelligence Unit and World Bank.Lagos ranked 138 out of the 140 cities considered for the ranking.The only cities which were scored lower than [...]
The Economist Intelligence Unit (EIU), a sister publication of The Economist of London, says Lagos, is the worst global city to live anywhere in the world -- after Damascus in war-torn Syria.According to its 2017 liveability report, which considers 140 major cities, Melbourne in Australia retained its crown as the best city to live anywhere in the world, for seven [...]
Lai Mohammed, minister of information and culture, has offered The Economist, a UK newspaper, some lessons in article writing.Mohammed criticised the paper for reporting that President Muhammadu Buhari wanted to “tame” Nigerians by launching the “Change Begins with Me” campaign.The minister described the article as pejorative and racist. He also described the use of the word in it as unpardonable.“Our [...]
The Economist — the English newspaper that referred to Kemi Adeosun, Nigeria's finance minister, as "poorly qualified" eight months ago — now says she is a "tenacious minister" fixing the country's economy.In November 2015, The Economist said Adeosun, who has over two decades of experience in financing and capital management, had only managed one of Nigeria's smaller states.“However, the new finance minister, an [...]
The Economist, a British newspaper, has branded the Central Bank of Nigeria (CBN's) defending of the naira as "disastrous", saying the currency has been "floating like a stone" having technically been allowed to float for a single day.In an article put up by the medium on Thursday, it argued that the Godwin Emefiele, the CBN governor, was following the directives of President Muhammadu [...]
Aliko Dangote, president of Dangote group, says his conglomerate should be selling foreign exchange to the Central Bank of Nigeria (CBN) by 2020.Dangote, who is the richest African alive, also said the problem with Nigeria should not be blamed on oil, seeing that oil traded at $9 per barrel in 1998.Speaking at The Nigeria Summit hosted by The Economist, Dangote said [...]
Economic growth under the presidency of Muhammadu Buhari will be "uninspiring" in 2016, The Economist has said.In the 2015 edition of its annual prediction of the economic situation of countries in an approaching year, the paper also said the All Progressives Congress (APC) will limit Buhari’s strides in the management of Nigeria’s oil sector.Nigeria’s budget balance, according to The Economist, [...]
Kemi Adeosun, Nigeria’s finance minister, is poorly qualified to manage the country’s economy, according to English newspaper, The Economist.In its review of President Muhammadu Buhari’s ministers, the newspaper described Okechukwu Enelamah, the minister for trade and investment, as “a respected businessman”, but noted that he "may lack the clout to stand up to the president”.“Africa’s biggest economy, which relies on oil for 70% [...]
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