The Lagos state government says it has raised a N100 billion series III bond under its N500 billion bond issuance programme. Babajide Sanwo-Olu, the state governor, said the proceeds from the bond will be used to execute key infrastructure projects. Sanwo-Olu said that the signing was Lagos State’s third bond programme; as the state had …read more →
Economy
We have greatly spurred economic growth – NIMASA DG
The Director-General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has said the Agency’s regulatory and promotional activities have been a major economic stimulus for the country, especially in the last one year. Peterside stated this at the weekend in Lagos during a world press conference ahead of NIMASA’s Annual Corporate Dinner …read more →
Y2020 Lagos Budget’ll promote investments in all sectors, says budget commissioner
The N1.168 trillion budget recently signed into Law by Governor Babajide Sanwo-Olu will promote investments in all sectors of the State’s economy as well as make meaningful impacts in the lives of the people, Commissioner for Budget and Economic Planning, Sam Egube, has said. Egube stated on Tuesday during the Year 2020 budget analysis at …read more →
Lagos introduces agripreneur programme, to train 200 youths, women
Lagos State Government says it has introduced the Lagos Agripreneurship Programme (L.A.P.) under its Agriculture-based Youth Empowerment Scheme (Agric-Yes) in furtherance of the State Government’s objective of training 15,000 youths and women in the various agricultural value chains by year 2023. The State Commissioner for Agriculture, Prince Gbolahan Lawal noted that the programme which is …read more →
World Bank puts Nigeria’s growth at 2.1 per cent in 2020
The World Bank Group has raised Nigeria’s growth expectations in 2020 to 2.1 per cent, describing it as an “edge up”, a development that confirms the country’s continued stay in sluggish economic path for another calendar year. It also warned that the macroeconomic framework is characterised by multiple exchange rates, foreign exchange restrictions, high persistent …read more →