In a bid to maximise the benefits of cocoa production and foster economic growth, the Governor of Lagos State, Mr. Babajide Sanwo-Olu, emphasised the need for a multifaceted approach. Speaking at the International Cocoa and Chocolate Forum (ICCF) 2024 in Lagos, he outlined key strategies for the cocoa sector’s enhancement. Represented by Mrs. Folashade Ambrose-Medebem, Read More…
Tag: economic growth
Stears report urges proactive measures amidst Nigeria’s 2024 inflation concerns
Stears, a prominent provider of economic analysis and data-driven insights, has highlighted the imperative of proactive measures to safeguard Nigeria’s economic stability amidst mounting inflation pressures in its 2024 African Outlook Report. Dumebi Oluwole, Senior Economist at Stears, emphasised the urgency for preemptive actions to address the nation’s economic stability amidst the current headline inflation Read More…
Inflation: Specific blueprint critical to manufacturing, other performances in 2024
By Rukayat Moisemhe, News Agency of Nigeria (NAN) Some Stakeholders in the manufacturing sector say Nigeria needs a specific blueprint to critically address the impact of inflationary pressures on all economic activities in the country. According to the World Economic Forum’s Global Risks Report 2023, the world’s top current risks are energy, food, inflation, and Read More…
LCCI empowers graduating entrepreneurs to drive sustainable development in Nigeria
At the 10th edition of the LCCI Entrepreneurship Mentoring Programme (EMP) graduation ceremony, the Lagos Chamber of Commerce and Industry (LCCI) inspired 117 graduating entrepreneurs to leverage their technical expertise and resilience for community building and sustainable development in Nigeria. Dr. Michael Olawale-Cole, President of LCCI, emphasised this charge, stating, “Your technical knowledge and resilience Read More…
Experts emphasise collaboration for Nigeria’s manufacturing growth
During the Manufacturers Association of Nigeria (MAN) Ikeja Branch public lecture in Lagos, experts highlighted the pivotal role of collaboration in fostering a robust manufacturing ecosystem and propelling industrialisation in Nigeria. Dr. Paul Alaje, a Chief Economist, underscored collaboration as pivotal in advancing the country’s industrialization. He emphasised the need for a holistic approach to Read More…
CBN set for tightened policy and economic expansion, says Cardoso
Olayemi Cardoso, the newly appointed governor of Nigeria’s central bank, announced plans to implement tighter monetary policies in the next two quarters to manage inflation while urging banks to bolster their capital to support economic growth. Addressing immediate challenges such as curbing excess liquidity and combating inflation, Cardoso emphasised a shift from direct fiscal interventions Read More…
Lagos State Government proposes electricity cooperative model as an energy sector solution
The Lagos State Government has highlighted its newly introduced electricity cooperative model as a potential remedy for the country’s struggling energy sector, specifically within the state. Mrs. Folashade Ambrose-Medebem, the Commissioner for Commerce, Cooperatives, Trade & Investment, addressed this pivotal initiative during a one-day inaugural symposium held in Lagos. The symposium, themed “Venturing into Power Read More…
Google’s Hustle Academy celebrates graduates and empowers thousands of businesses, says country director
According to Mr. Olumide Balogun, the Country Director of Google West Africa, the recent Google Hustle Academy graduation in Abuja was a celebration not just of 5,300 graduates but also of the significant empowerment provided to 10,000 businesses across Africa, including 4,400 in Nigeria. Balogun emphasized that the fund, comprising financial aid, mentorship, and business Read More…
Lagos State Empowers Retirees: New Crafts, Fresh Beginnings
Retirees Mrs. Majekodunmi Bolanle, aged 66, and Mrs. Kuburat Animashaun, aged 64, have embraced new pursuits to engage their hands and rejuvenate their minds. Both grandmothers willingly enrolled at the Lagos State Skills Acquisition Centre in Agidingbi to enhance their skill sets, diving into computer operations and software, a new vocation they eagerly pursued. These Read More…
FG to establish industrial hubs for job creation, President Tinubu reveals
President Bola Tinubu unveiled plans to establish industrial hubs aimed at spurring job creation and combatting escalating unemployment during the 55th International Conference of the Chartered Institute of Personnel Management (CIPM) in Abuja. Under the theme “Sustainable Human Resources (HR), Business, and National Development,” Tinubu, represented by Nkiru Onyejeocha, the Minister of State for Labour Read More…