Browsing Tag

GDP

Nigeria’s ICT sector contributes 17.92% to GDP (Q2 2021)


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Nigeria's Minister of Communications and Digital Economy, Dr. Isa Pantami, has expressed delight at the Information and Communications Technology (ICT) sector's increased contribution (17.92%) to  the country's Gross Domestic Product (GDP)…

“SMEs are backbone of Nigeria’s GDP growth & job creation”- Minister


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Micro, Small and Medium-sized Enterprises (MSMEs) have been identified as the backbone of Gross Domestic Product (GDP) growth and job creation in Nigeria. The Minister of Communications and Digital…

Uruguay’s GDP falls by 2.8% (Q1, 2021)


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Uruguay’s gross domestic product fell by 2.8 percent year-on-year in the first quarter of 2021, following a 2.9 percent decline in the previous period. This was the sixth consecutive quarter of contraction in GDP, as the…

Agric contribution to Nigeria’s GDP falls despite economic rise


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Nigeria’s agricultural sector contributed less to the Gross Domestic Product in the first quarter of 2021 than it did a quarter earlier, a stark demonstration of declining farming activities amid insecurity. The sector contributed 22.35…

Nigeria’s GDP grows by 0.51percent in Q1 2021


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Nigeria's Gross Domestic Product (GDP) grew by 0.51%(year-on-year) in real terms in the first quarter of 2021, marking two consecutive quarters of growth following the negative growth rates recorded in the second and third quarters of 2020.…

Nigerian Government reiterates commitment to grow MSMEs for increased GDP


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The Minister of State for Industry, Trade and Investment, Amb. Mariam Katagum, has reiterated the Federal Government's commitment to the growth of Micro, Small and Medium Enterprises (MSMEs) for enhanced contribution to the nation’s Gross…

SMEs contribute about 50percent to Nigeria’s GDP-Minister


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The Nigerian Minister of State for Industry, Trade and Investment, Amb. Mariam Katagum says Small and Medium Enterprises have contributed about fifty percent to the country’ s Gross Domestic Product and accounted for over 80percent of…

Nigeria’s GDP to rise by %1.5 in 2021


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Nigeria’s gross domestic product (GDP) is projected to expand by 1.5 percent this year, the UN has said. This comes after a contraction of 3.5 percent in 2020. The projection is contained in the latest World Economic Situation and…

Nigeria to spend 0.5% of GDP on research


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The Nigerian government will henceforth allocate 0.5% of the country's  Gross Domestic Product (GDP) to research and innovation in a determined effort to enhance economic growth and development. President Muhammadu Buhari stated this on …