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Economy Insight

Read the latest news on the economy in Nigeria.

N-power is an empowerment scheme that President Muhammadu Buhari floated to cushion the effect of the unemployment rate on members of the public. To the delight of the beneficiaries, under the N-power scheme, the federal government has floated another N-knowledge. According to Hajiya Sadiya Umar Farouq, the Minister of Humanitarian Affairs,...
Despite Nigeria’s N31 trillion debt, Zainab Ahmed, the Minister of Finance, Budget, and National Planning has disclosed the Federal Government's (FG) plan to secure an additional N6 trillion loan by December 2021. The minister recounted that the total public debt stock of the country, which comprises foreign and local debts...
Rice farmers under the auspices of the Rice Farmers Association of Nigeria (RIFAN) have moved to address the high prices of rice in the country. RIFAN disclosed that the unveiling of the one million bags of rice paddy piled up as pyramids in Abuja would see to the crash of...