Economic Growth – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Thu, 19 Mar 2026 07:17:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Economic Growth – InfoStride News https://www.theinfostride.com 32 32 NEPAD Urges Nigerians to Build Stronger AfCFTA Capacity https://www.theinfostride.com/nepad-urges-nigerians-to-build-stronger-afcfta-capacity/ https://www.theinfostride.com/nepad-urges-nigerians-to-build-stronger-afcfta-capacity/#respond Thu, 19 Mar 2026 07:18:02 +0000 https://www.theinfostride.com/?p=470464 The New Partnership for Africa’s Development (NEPAD) Nigeria has called on Nigerians, particularly entrepreneurs, business leaders, and policymakers, to strengthen their capacity to fully participate in the African Continental Free Trade Area (AfCFTA) agreement. The organisation said this is crucial for Nigeria to maximise the vast opportunities presented by the continent’s single market, which aims [...]

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]]> https://www.theinfostride.com/nepad-urges-nigerians-to-build-stronger-afcfta-capacity/feed/ 0 Oyetola Identifies Maritime Sector as a Key Driver of Nigeria’s Economic Growth https://www.theinfostride.com/oyetola-identifies-maritime-sector-as-a-key-driver-of-nigerias-economic-growth/ https://www.theinfostride.com/oyetola-identifies-maritime-sector-as-a-key-driver-of-nigerias-economic-growth/#respond Wed, 25 Feb 2026 16:25:50 +0000 https://www.theinfostride.com/?p=467217 Minister of Marine and Blue Economy, Adegboyega Oyetola, has declared the maritime sector a top priority for Nigeria’s economic diversification and long-term development, stressing that it holds the potential to generate significant revenue, create millions of jobs, and boost the country’s global competitiveness. Speaking during a recent engagement with industry stakeholders, Oyetola emphasized that the [...]

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]]> https://www.theinfostride.com/oyetola-identifies-maritime-sector-as-a-key-driver-of-nigerias-economic-growth/feed/ 0 CBN Projects External Reserves to Reach $51bn by 2026 https://www.theinfostride.com/cbn-projects-external-reserves-to-reach-51bn-by-2026/ https://www.theinfostride.com/cbn-projects-external-reserves-to-reach-51bn-by-2026/#respond Wed, 25 Feb 2026 14:48:57 +0000 https://www.theinfostride.com/?p=474591 The Central Bank of Nigeria has projected that the country’s foreign exchange reserves could rise to about $51 billion by 2026, driven by ongoing economic reforms, improved foreign exchange inflows and stronger macroeconomic management. The projection reflects growing optimism within the apex bank that recent policy adjustments will strengthen Nigeria’s external position over the medium [...]

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]]> https://www.theinfostride.com/cbn-projects-external-reserves-to-reach-51bn-by-2026/feed/ 0 Nigeria Invests \$1 Billion in Telecom Overhaul to Boost Connectivity and Economic Growth https://www.theinfostride.com/nigeria-invests-1-billion-in-telecom-overhaul-to-boost-connectivity-and-economic-growth/ https://www.theinfostride.com/nigeria-invests-1-billion-in-telecom-overhaul-to-boost-connectivity-and-economic-growth/#respond Mon, 12 Jan 2026 20:50:32 +0000 https://www.theinfostride.com/?p=420060 Nigeria is embarking on a major transformation of its telecommunications sector with a landmark investment of \$1 billion to overhaul network infrastructure. This ambitious initiative, announced by the Minister of Communications and Digital Economy, Dr. Bosun Tijani, represents one of the largest infrastructure upgrades in Nigeria’s telecom history and aims to significantly enhance the quality [...]

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]]> https://www.theinfostride.com/nigeria-invests-1-billion-in-telecom-overhaul-to-boost-connectivity-and-economic-growth/feed/ 0 CBN says economy showing signs of improvement but significant work remains https://www.theinfostride.com/cbn-says-economy-showing-signs-of-improvement-but-significant-work-remains/ https://www.theinfostride.com/cbn-says-economy-showing-signs-of-improvement-but-significant-work-remains/#respond Sun, 23 Nov 2025 16:29:25 +0000 https://www.theinfostride.com/?p=472191 The Central Bank of Nigeria (CBN) has stated that the Nigerian economy is beginning to show clearer signs of improvement, but it warned that significant work still lies ahead before the country can achieve full stability and sustainable growth. The apex bank noted that although key indicators are shifting in a more positive direction, the [...]

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]]> https://www.theinfostride.com/cbn-says-economy-showing-signs-of-improvement-but-significant-work-remains/feed/ 0 Tinubu Highlights Power Sector as Catalyst for Economic Growth, Employment, and Education https://www.theinfostride.com/tinubu-highlights-power-sector-as-catalyst-for-economic-growth-employment-and-education/ https://www.theinfostride.com/tinubu-highlights-power-sector-as-catalyst-for-economic-growth-employment-and-education/#respond Tue, 11 Nov 2025 14:48:55 +0000 https://www.theinfostride.com/?p=471319 President Bola Ahmed Tinubu has reiterated the critical role of the power sector in driving Nigeria’s economic growth, job creation, and educational development, stressing that reliable electricity supply is central to achieving the administration’s national development objectives. Speaking at the 2025 National Energy Forum in Abuja, the President described the energy industry as “the backbone [...]

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]]> https://www.theinfostride.com/tinubu-highlights-power-sector-as-catalyst-for-economic-growth-employment-and-education/feed/ 0 NEPAD Group to Host High-Level Forum on AfCFTA and Economic Growth https://www.theinfostride.com/nepad-group-to-host-high-level-forum-on-afcfta-and-economic-growth/ https://www.theinfostride.com/nepad-group-to-host-high-level-forum-on-afcfta-and-economic-growth/#respond Sun, 26 Oct 2025 17:26:26 +0000 https://www.theinfostride.com/?p=470081 The New Partnership for Africa’s Development (NEPAD) Business Group Nigeria has announced plans to host a High-Level Forum on the African Continental Free Trade Area (AfCFTA), aimed at driving economic growth, industrial competitiveness, and regional integration across the continent. The event, which is expected to attract top government officials, policymakers, business leaders, and development partners, [...]

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]]> https://www.theinfostride.com/nepad-group-to-host-high-level-forum-on-afcfta-and-economic-growth/feed/ 0 Elumelu Advocates Private Sector as Key Driver of Economic Growth https://www.theinfostride.com/elumelu-advocates-private-sector-as-key-driver-of-economic-growth/ https://www.theinfostride.com/elumelu-advocates-private-sector-as-key-driver-of-economic-growth/#respond Thu, 23 Oct 2025 14:54:31 +0000 https://www.theinfostride.com/?p=469831 Renowned entrepreneur and Chairman of Heirs Holdings, Tony O. Elumelu, has reaffirmed his belief that the private sector remains the most powerful engine for driving sustainable economic growth and development across Africa. Speaking at a recent high-level economic forum in Lagos, Elumelu emphasized that empowering entrepreneurs and strengthening private sector institutions are essential for creating [...]

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]]> https://www.theinfostride.com/elumelu-advocates-private-sector-as-key-driver-of-economic-growth/feed/ 0 World Bank Launches $100bn Initiative to Boost Jobs and Economic Growth https://www.theinfostride.com/world-bank-launches-100bn-initiative-to-boost-jobs-and-economic-growth/ https://www.theinfostride.com/world-bank-launches-100bn-initiative-to-boost-jobs-and-economic-growth/#respond Wed, 22 Oct 2025 14:12:29 +0000 https://www.theinfostride.com/?p=469738 The World Bank has announced a landmark $100 billion initiative aimed at stimulating job creation and accelerating economic growth across developing nations, with Africa positioned as one of the major beneficiaries. The ambitious plan seeks to address the persistent challenges of unemployment, inequality, and sluggish economic recovery following global disruptions such as the COVID-19 pandemic, [...]

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]]> https://www.theinfostride.com/world-bank-launches-100bn-initiative-to-boost-jobs-and-economic-growth/feed/ 0 Federal Government Aims to List 1,000 SMEs on Capital Market to Drive Economic Growth https://www.theinfostride.com/federal-government-aims-to-list-1000-smes-on-capital-market-to-drive-economic-growth/ https://www.theinfostride.com/federal-government-aims-to-list-1000-smes-on-capital-market-to-drive-economic-growth/#respond Sat, 18 Oct 2025 18:11:41 +0000 https://www.theinfostride.com/?p=469413 The Federal Government has unveiled an ambitious plan to list at least 1,000 Small and Medium Enterprises (SMEs) on the Nigerian capital market in the coming years as part of efforts to deepen financial inclusion, stimulate job creation, and strengthen the nation’s economic resilience.This disclosure was made by the Minister of Industry, Trade and Investment, [...]

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]]> https://www.theinfostride.com/federal-government-aims-to-list-1000-smes-on-capital-market-to-drive-economic-growth/feed/ 0 LCCI Says Nigeria’s Economic Growth Depends on Decisive Policy Action https://www.theinfostride.com/lcci-says-nigerias-economic-growth-depends-on-decisive-policy-action/ https://www.theinfostride.com/lcci-says-nigerias-economic-growth-depends-on-decisive-policy-action/#respond Fri, 10 Oct 2025 11:59:10 +0000 https://www.theinfostride.com/?p=468727 The Lagos Chamber of Commerce and Industry (LCCI) has stated that Nigeria’s economic recovery and long-term growth will depend largely on the government’s ability to take bold and decisive policy actions that address inflation, stabilise the foreign exchange market, and promote sustainable industrial development. In its latest economic review released on Friday, the Chamber warned [...]

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]]> https://www.theinfostride.com/lcci-says-nigerias-economic-growth-depends-on-decisive-policy-action/feed/ 0 Shettima Pledges 7% Annual Growth as Nigeria Courts Global Partners at UNGA https://www.theinfostride.com/shettima-pledges-7-annual-growth-as-nigeria-courts-global-partners-at-unga/ https://www.theinfostride.com/shettima-pledges-7-annual-growth-as-nigeria-courts-global-partners-at-unga/#respond Wed, 24 Sep 2025 15:48:15 +0000 https://www.theinfostride.com/?p=467163 Nigeria has set its sights on achieving a 7 percent annual economic growth rate, a bold ambition outlined by Vice President Kashim Shettima during his engagements at the 80th United Nations General Assembly (UNGA) in New York. Representing President Bola Tinubu, Shettima told global leaders, investors, and development partners that Nigeria is determined to reposition [...]

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]]> https://www.theinfostride.com/shettima-pledges-7-annual-growth-as-nigeria-courts-global-partners-at-unga/feed/ 0 PwC Forecasts 3.4% Growth for Nigerian Economy https://www.theinfostride.com/pwc-forecasts-3-4-growth-for-nigerian-economy/ https://www.theinfostride.com/pwc-forecasts-3-4-growth-for-nigerian-economy/#respond Wed, 20 Aug 2025 11:09:49 +0000 https://www.theinfostride.com/?p=465506 Nigeria’s economy is expected to expand by 3.4% in 2025, according to a new forecast released by global professional services firm, PricewaterhouseCoopers (PwC). The projection reflects cautious optimism for Africa’s largest economy, despite persistent challenges such as inflationary pressures, foreign exchange volatility, and infrastructural constraints. PwC’s outlook noted that the forecast is anchored on reforms [...]

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]]> https://www.theinfostride.com/pwc-forecasts-3-4-growth-for-nigerian-economy/feed/ 0 Tasks before South-West Development Commission https://www.theinfostride.com/tasks-before-south-west-development-commission/ https://www.theinfostride.com/tasks-before-south-west-development-commission/#respond Mon, 02 Jun 2025 19:44:39 +0000 https://www.theinfostride.com/?p=443967 There are question marks about the proliferation of development commissions. However, we go along with the present enthusiasm for their creation, whatever the agenda perceived in cynical quarters. Over the years, various development commissions have been established to address specific regional challenges. To understand the reservations, we must go back into the past. There appears [...]

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]]> https://www.theinfostride.com/tasks-before-south-west-development-commission/feed/ 0 Reforming Court Rules for Speedy Justice Delivery: A Catalyst for Nigeria’s Economic Growth https://www.theinfostride.com/reforming-court-rules-for-speedy-justice-delivery-a-catalyst-for-nigerias-economic-growth/ https://www.theinfostride.com/reforming-court-rules-for-speedy-justice-delivery-a-catalyst-for-nigerias-economic-growth/#respond Fri, 23 Aug 2024 20:46:32 +0000 https://www.theinfostride.com/?p=387846 As the Nigerian bench and bar prepare for new leadership with the retirement of Justice Ariwoola as Chief Justice of Nigeria and the scheduled inauguration of Mazi Afam Osigwe, SAN as President of the Nigerian Bar Association, one critical area that demands immediate attention is the speed of justice delivery. Nigeria’s justice system is notoriously [...]

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]]> https://www.theinfostride.com/reforming-court-rules-for-speedy-justice-delivery-a-catalyst-for-nigerias-economic-growth/feed/ 0 Economic growth in SSA inadequate for poverty alleviation – World Bank https://www.theinfostride.com/economic-growth-in-ssa-inadequate-for-poverty-alleviation-world-bank/ https://www.theinfostride.com/economic-growth-in-ssa-inadequate-for-poverty-alleviation-world-bank/#respond Mon, 08 Apr 2024 18:56:43 +0000 https://www.theinfostride.com/?p=375157 Economic growth in Sub-Saharan Africa (SSA) is projected to increase over the next two years, but it is unlikely to significantly alleviate poverty across the region, the World Bank said in a report. The region’s economy is expected to expand by 3.4% this year and 3.8% in 2024, driven in part by a decrease in [...]

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]]> https://www.theinfostride.com/economic-growth-in-ssa-inadequate-for-poverty-alleviation-world-bank/feed/ 0 Federal Government Allocates N200 Billion to Support MSMEs and Manufacturing Sectors for Economic Growth https://www.theinfostride.com/federal-government-allocates-n200-billion-to-support-msmes-and-manufacturing-sectors-for-economic-growth/ https://www.theinfostride.com/federal-government-allocates-n200-billion-to-support-msmes-and-manufacturing-sectors-for-economic-growth/#respond Wed, 24 Jan 2024 19:45:57 +0000 https://www.theinfostride.com/?p=368480 In a strategic move to bolster economic growth, the Federal Government of Nigeria has allocated N200 billion to support Micro, Small, and Medium Enterprises (MSMEs) and the manufacturing sector. This significant financial commitment aims to stimulate economic activities, promote job creation, and enhance the overall resilience of these critical sectors. The allocation of N200 billion [...]

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]]> https://www.theinfostride.com/federal-government-allocates-n200-billion-to-support-msmes-and-manufacturing-sectors-for-economic-growth/feed/ 0 FBN Forecasts Government Spending to Drive Economic Growth in 2024 Outlook https://www.theinfostride.com/fbn-forecasts-government-spending-to-drive-economic-growth-in-2024-outlook/ https://www.theinfostride.com/fbn-forecasts-government-spending-to-drive-economic-growth-in-2024-outlook/#respond Tue, 16 Jan 2024 11:11:52 +0000 https://www.theinfostride.com/?p=367450 First Bank of Nigeria (FBN) anticipates that government spending will be a key driver of economic growth, according to its outlook for the year 2024. The projection highlights the bank’s assessment of the role of fiscal policies in stimulating economic activities and fostering overall economic development. FBN’s forecast underscores the importance of government expenditure as [...]

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]]> https://www.theinfostride.com/fbn-forecasts-government-spending-to-drive-economic-growth-in-2024-outlook/feed/ 0 Infrastructure Gaps Stifle Nigeria’s Economic Growth, Reveals Report https://www.theinfostride.com/infrastructure-gaps-stifle-nigerias-economic-growth-reveals-report/ https://www.theinfostride.com/infrastructure-gaps-stifle-nigerias-economic-growth-reveals-report/#respond Wed, 29 Nov 2023 17:51:08 +0000 https://www.theinfostride.com/?p=362597 A recent report by the Centre for African Studies at Nanyang Technology University highlights critical infrastructure deficiencies as a major hindrance to economic growth in Nigeria. Titled ‘Back to Growth: Priority Agenda for the Economic Revival of Nigeria,’ the report, presented by Amit Jain, the Center’s Director, emphasizes the country’s lack of adequate ports, power, [...]

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]]> https://www.theinfostride.com/infrastructure-gaps-stifle-nigerias-economic-growth-reveals-report/feed/ 0 BudgIT recommends Priority Actions to increase Investment In Nigeria and Spur Economic Growth https://www.theinfostride.com/budgit-recommends-priority-actions-to-increase-investment-in-nigeria-and-spur-economic-growth/ https://www.theinfostride.com/budgit-recommends-priority-actions-to-increase-investment-in-nigeria-and-spur-economic-growth/#respond Mon, 31 Aug 2020 08:04:25 +0000 https://www.theinfostride.com/?p=268476 BudgIT, a civic organization that uses technology to simplify budget and intersect citizen engagement with institutional improvement for societal change, has just released a detailed publication titled Investing in People. In this report, we examined Nigeria’s economic challenges and recommended 6 broad goals – with 18 priority actions that would effectively end poverty, improve health, [...]

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]]> https://www.theinfostride.com/budgit-recommends-priority-actions-to-increase-investment-in-nigeria-and-spur-economic-growth/feed/ 0 Senator Saraki delivers Lecture on Economic Growth in Washington DC, USA https://www.theinfostride.com/senator-saraki-delivers-lecture-on-economic-growth-in-washington-dc-usa/ Sat, 03 Feb 2018 13:06:52 +0000 https://www.theinfostride.com/?p=198276 President of the Senate, Dr. Abubakar Bukola Saraki, will on Saturday, February 3, participate and deliver a lecture at the 2018 Georgetown Africa Business Conference in Washington DC, United States of America (USA). The conference is being hosted by Georgetown’s McDonough School of Business in conjunction with the Walsh School of Foreign Service’s African Studies [...]

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]]> Oil Prices Break Out as Rigs Count Slides https://www.theinfostride.com/oil-prices-break-out-as-rigs-count-slides/ Mon, 18 Sep 2017 15:43:23 +0000 http://www.theinfostride.com/?p=182439 WTI crude oil prices settled this past week just under $50.0, up slightly more than 5% on the week, and up for the second consecutive week after a falling in each of the five preceding weeks. Hurricane Harvey, which, afflicted refineries have been coming back on line, increasing demand for crude, while the IEA this [...]

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]]> Aregbesola commissions Justice Research Center, says Effective Judicial System will aid Economic Growth https://www.theinfostride.com/aregbesola-commissions-justice-research-center-says-effective-judicial-system-will-aid-economic-growth/ Sat, 26 Aug 2017 14:01:34 +0000 https://www.theinfostride.com/?p=179622 Osun State Governor, Ogbeni Rauf Aregbesola who said effective judicial system will aid economic growth, was on August 23 commissioned a Justice Research Center in Osogbo, the capital of the state. This is a bid to enhance speedy administration of justice in the state. The center situated in the premises of the State high court [...]

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]]> Osun State Registers 24,000 Cooperative Societies To Boost Economic Growth https://www.theinfostride.com/osun-registers-24000-cooperative-societies-to-boost-economic-growth-osun-news/ Thu, 06 Jul 2017 11:35:26 +0000 http://www.theinfostride.com/?p=170955 The Osun Government says it has registered more than 24,000 cooperative societies in the state towards economic growth. The Special Adviser to the Governor, Mr Gbenga Awosode made this known while marking the International Cooperative Day in Osogbo, the state capital. The programme themed, Cooperative Ensures ‘No One Is Left Behind’ by the Ministry of [...]

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]]> Governor Ambode Urges Muslims To Sustain Godly Virtues Beyond Ramadan https://www.theinfostride.com/governor-ambode-urges-muslims-to-sustain-godly-virtues-beyond-ramadan/ Mon, 26 Jun 2017 10:34:46 +0000 http://www.theinfostride.com/?p=169566 Governor Akinwunmi Ambode of Lagos State on Sunday congratulated Muslims for the successful completion of Ramadan, just as he urged them to sustain the Godly virtues exhibited during the fasting period. He added that religious tolerance key to Economic Growth Governor Ambode, who spoke at some of the twenty centres designated by the State Government to [...]

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]]> 4 Factors that Show the Growth of the African Economy https://www.theinfostride.com/4-factors-that-show-the-growth-of-the-african-economy/ Thu, 08 Dec 2016 17:32:41 +0000 http://www.theinfostride.com/?p=150579 If we look at global headlines, it’s easy to conclude that much of the continent is still marred by internal strife and political uncertainty. But these headlines don’t tell the full story, as the African continent is currently experiencing unprecedented growth due to many factors. There are plenty of promising trends that should stimulate interest [...]

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]]> African Economic Growth Expected to Outpace Global Average – Report https://www.theinfostride.com/african-economic-growth-expected-to-outpace-global-average-report/ Sat, 03 Oct 2015 11:16:27 +0000 http://www.theinfostride.com/?p=101798 Africa is now positioning itself as a major business opportunity for overseas investors, according to ICAEW’s latest Economic Insight report. Where aid was the traditional source of finance, the continent is now seeing a dramatic fivefold increase in Foreign Direct Investment   Region’s Economic Performance Focusing on Botswana, Nigeria, Zimbabwe, Ghana and South Africa LONDON, [...]

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]]> Empowering the Cross River Women for Economic Growth https://www.theinfostride.com/empowering-the-cross-river-women-for-economic-growth/ Mon, 21 Sep 2015 18:26:17 +0000 http://www.theinfostride.com/?p=100263 Educate a woman, you educate the nation. That has become a popular saying all over the Africa continent. On the inauguration of President Barak Obama into the white house as President of the United States Of America, he said the world can not be really free until our women begin to earn money equal to [...]

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