Economic recovery: CBN, finance ministry, others meet to harmonise monetary, fiscal policies
"There is need for deliberate policies to ensure stability and engender growth in the economy.”
"There is need for deliberate policies to ensure stability and engender growth in the economy.”
The two agencies disputed a directive to life insurance companies.
She noted that lack of adequate investment in infrastructure has been the bane of the Nigerian economy in the past.
External debt profile is $11.41 billion (N3.48 trillion).
The job creation scheme was initiated by the Goodluck Jonathan administration.
Findings revealed that between 2000 and 2014, the agency only failed to meet its target once.
The bond issue was over-subscribed almost eight times.
Nigeria's Finance Minister provided the information on Thursday.
The firms are to monitor the implementation of 22 conditions under which states could access a N510 billion credit.
Some of the affected items are tea, milk and cream.
The policy aims to encourage Nigerians to report financial and other related crimes to relevant authorities.
Some agencies such as the Federal Road Safety Commission, FRSC, have not paid their staff November salary.
Whistleblowers whose revelations lead to recovery of funds can now get up to five per cent of the money.
The Code of Conduct Bureau identifies top officials who have defaulted in declaring their assets.
The government is planning fresh tax incentives for manufacturers to stimulate the economy.
“We lose a lot of money exporting unprocessed raw materials," Kemi Adeosun said.
The $30.54 billion is believed to be the biggest single external loan request by any government in recent history.
Rivers State got N9.05 billion, the highest among the states.
The development bank is set to take off with $1.3 billion seed fund from the World Bank.
“The focus of DBN is SMEs and giving them low cost loans."
"The IMF projected a modest pickup in economic activity provided a strong action is taken to push for quick reforms."
"So yes, Africa must invest in its infrastructure, but we must also make sure that the playing field is level."
ICAN said asset sale should only be considered as a last step by the government.
"President Buhari’s government and economic team, as presently constituted, are not optimally equipped for the fundamental tasks ahead."
The Abeokuta conference also includes top business executives.
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All content is Copyrighted © 2024 The Premium Times, Nigeria