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Travel / Re: Abuja-bound Train Derails In Jere, Kaduna State (Photos) by Paraman: 1:23pm On May 26 |
Felabrity:Even in Europe and the USA, locomotive is still used 12 Likes 2 Shares |
Politics / Re: How Much Is 50 Kg Bag Of Rice In Your Area? by Paraman: 11:49am On May 26 |
Tinubu will eventually take back the price of rice to what PDP met it in 1999. |
Foreign Affairs / Re: Burkina Faso Coup Leader Captain Ibrahim Traoré Extends Military Rule By 5 Years by Paraman: 11:29am On May 26 |
Killerofpigs:Only an ignorant person like you will believe this 13 Likes 2 Shares |
Foreign Affairs / Re: Burkina Faso Coup Leader Captain Ibrahim Traoré Extends Military Rule By 5 Years by Paraman: 9:48am On May 26 |
This is the kind of thing some bitter people want to happen in Nigeria because thier candidate lost an election 182 Likes 16 Shares |
Politics / Re: Australian Police Trace Yahoo Boys To Nigeria, Arrest Them After Young Boy Died by Paraman: 9:39am On May 26 |
Government should handle this yahoo menace with a iron hand 1 Like |
Politics / Re: President Tinubu To Commission Newly Rehabilitated Road Projects In Lagos, Flag- by Paraman: 6:13am On May 26 |
God bless Nigeria |
Politics / Re: Hold Tinubu Responsible If There Is Breakdown Of Law & Order In Kano - Atiku by Paraman: 7:56pm On May 25 |
You will explain till 2031 23 Likes 3 Shares |
Politics / Re: Paul Okoye And New Wife Visit Governor Otti, Praise People-centered Governance by Paraman: 7:53pm On May 25 |
CoronaVirusPro:Some love them short 7 Likes |
Business / Re: I Started Zenith Bank With N20m In 1990 At N4 To A Dollar- Ovia by Paraman: 7:51pm On May 25 |
A lot of Nigerians also started a bank the year he started it, but greediness and poor planning ruined most of them |
Politics / Re: FG Assessment Portal: Nigerians Rate Power, Defence, Agric, Education Ministers by Paraman: 7:48pm On May 25 |
Minister of power is doing a wonderful job 1 Like |
Politics / Re: Atiku Knocks FG Over Role In Kano Emirship Tussle by Paraman: 6:20pm On May 25 |
Culture / Re: Nobody Is Above The Law - Dethroned Emir, Ado Bayero Breaks Silence by Paraman: 3:44pm On May 25 |
BondRiv:k 1 Like |
Culture / Re: Sanusi: Tinubu Resisted Pressure To Interfere In My Reinstatement by Paraman: 2:44pm On May 25 |
Tinubu is a good and law abiding president. 57 Likes 9 Shares |
Culture / Re: Nobody Is Above The Law - Dethroned Emir, Ado Bayero Breaks Silence by Paraman: 1:26pm On May 25 |
He should take his L in peace and move on 13 Likes 1 Share |
Politics / Re: Why Was Edo State Deliberately Cut-off From The Atlantic Ocean? by Paraman: 1:23pm On May 25 |
Malawian:Biafra will be made up of Igbo land in the south east |
Politics / Nigeria Will Generate 6,000MW Of Electricity By December, Says Minister by Paraman: 1:22pm On May 25 |
Nigeria is going to generate 6,000 megawatts of electricity before the end of this year, the Federal Government declared on Friday. https://punchng.com/nigeria-will-generate-6000mw-of-electricity-by-dec-says-minister/?utm_source=telegram&utm_medium=social 10 Likes 3 Shares
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Politics / Re: Why Was Edo State Deliberately Cut-off From The Atlantic Ocean? by Paraman: 12:38pm On May 25 |
Malawian:Onitsha is not even suppose to be part of Biafra but the Benins won't mind. But no part of Delta state or Edo state will be part of Biafra. Even ojukwu didn't merge them into Biafra |
Politics / Re: Cost Of Some Power Projects Around The World by Paraman: 12:35pm On May 25 |
CodeTemplar:Where's your evidence Shettima made such a claim |
Politics / Re: No Accommodating Of Minors At Hotels: Gov. Alia Blows Hot, Plans To Clean Benue by Paraman: 12:22pm On May 25 |
I've never seen underage girls in all this small hotels in Lagos before but I do see small boys coming into the hotel and going into the ladies room... I don't know what they are doing in the rooms though. 2 Likes 1 Share |
Politics / Re: APC Supporters & Fake Patriotism. Using Kano & Rivers As Case Study by Paraman: 12:07pm On May 25 |
Benzigler:You will wail till 2031 |
Politics / Re: Aba Section Of Enugu/port Harcourt Expressway Almost Complete (pictures) by Paraman: 12:06pm On May 25 |
Solid construction 4 Likes |
Politics / Re: APC Supporters & Fake Patriotism. Using Kano & Rivers As Case Study by Paraman: 11:59am On May 25 |
You will explain till 2031 |
Politics / Re: .. by Paraman: 11:58am On May 25 |
Waste of time |
Education / Re: Lagos Governor Threatens To Shutdown Indian School Rejecting Nigerians by Paraman: 11:56am On May 25 |
ADAMUdaCOWBOY:k |
Politics / Re: Why National Grid Hasn’t Collapsed In Last 2 Months – Power Minister, Adelabu by Paraman: 10:02am On May 25 |
The minister should be allowed and giving the full support to keep on doing a thorough job in the power sector 16 Likes 2 Shares |
Politics / Re: Edo Labour Party Ratifies Julius Abure's Suspension by Paraman: 9:56am On May 25 |
Edo no b Abia 7 Likes 3 Shares |
Politics / Re: . by Paraman: 9:53am On May 25 |
[quote author=vanitybutiwanti post=130130792][/quote]Fubara will also go and get an injunction in his favor at a state high court in rivers 😆 |
Politics / Re: Nigeria To Update Economic Outlook As NBS Begins Rebasing GDP, Consumer Prices by Paraman: 9:51am On May 25 |
Nigeria might take over as the number one largest economy in Africa again after the rebasing is done Bitter people in the mud |
Politics / Nigeria To Update Economic Outlook As NBS Begins Rebasing GDP, Consumer Prices by Paraman: 9:43am On May 25 |
The National Bureau of Statistics has begun the process of rebasing Nigeria’s Gross Domestic Product and Consumer Prices Index estimates, according to Statistician-General of the Federation and NBS Chief Executive, Prince Semiu Adeniran. This exercise, recommended by the United Nations Statistical Commission to be carried out every five years, aims to reflect updated economic conditions. The last rebasing exercise was conducted in 2014, making this the second in nearly a decade. At the opening of a sensitization workshop for stakeholders on the GDP and CPI Rebasing Exercise in Abuja on Thursday, Adeniran emphasized the importance of accurate and timely data in today’s rapidly changing and interconnected world. The workshop seeks to engage critical stakeholders, solicit feedback, and ensure that the output meets the needs of all users, providing a more accurate picture of the economy. While the NBS views these exercises as routine statistical practices, the delays and irregularities in some major statistical activities have made them a significant aspect of data production. Additionally, the informal nature and structure of the economy pose an extra burden for data collection, making these exercises more crucial in statistical production.” He said, “It is for this reason therefore, that when the decision was made to embark on the rebasing exercise, we made it a cardinal objective to ensure inclusivity, collaboration, and partnership throughout the process of these rebasing exercises.” Former Chief Executive of National Planning, Ode Ojowu, noted that since the last rebasing in 2014, Nigeria has experienced significant structural changes in various sectors. These include the rapid growth of technology and digital sectors, such as fintech, e-commerce, and digital services. Additionally, the agricultural sector has seen the emergence of new value chains, including agribusiness, processing, commodity exchanges, and export activities, as well as the growth of renewable energy sources like solar power. The entertainment and creative industry has also witnessed significant growth, with the skit industry, Nollywood, and music production gaining international recognition. Furthermore, urbanization and infrastructural development have led to an increase in the value of real estate. Ojowu emphasized that the rebasing of the CPI and GDP will capture these sectoral shifts. He commended the NBS for its efforts to provide reliable and timely data to support government and private sector decision-making. However, he noted that rebasing the GDP will result in changes to the current macroeconomic indicators used by the government to inform policymaking.” He said, “For example, in 2013, some financial indicators were lower than in the pre-rebased period, with the private sector credit to GDP dropping from 37.2 (before rebasing) to 19.7 per cent (after rebasing) in 2013 and expanding to 27.2 per cent in 2023. Broad money supply declined from 35.8 (before rebasing) to 18.9 per cent of GDP (after rebasing) in 2013 and rose to 34.3 per cent of GDP in 2023. “From the policy perspective, these ‘overnight’ drops looked like a lower private sector credit expansion and constrained financial system development. Similarly, 2014 rebased GDP lowered the fiscal deficit as a ratio of GDP by half from 2.1 to 1.1, but within a decade the government has rapidly expanded the fiscal deficit to the current level of 5.6 per cent of GDP.“With the anticipated rise in the size of the GDP when the current rebasing exercise is concluded, we expect a further lower fiscal deficit to GDP ratio. Will the new fiscal deficit-to-GDP ratio be an incentive to the government to ramp up expenditure and slow down the drive to cut down on the high cost of governance?” According to the former economic adviser to former president Olusegun Obasanjo, “In 2014 the rebased GDP pushed the debt stock-to-GDP ratio down from 23.7 to 12.5 per cent in 2013. But within the decade, the government has again ramped up the ratio to 42.3 per cent. At the current ratio of 42.3 per cent, debt service is threatening the fiscal stability of the state. With the anticipated lower debt-to-GDP after rebasing, could the government be tempted to expand its debt closer to the international threshold? What would such a move imply for the fiscal viability of the state? “ “With the previous rebasing of the GDP, the federal government tax revenue to GDP fell from 11.3 per cent to 6 per cent in 2013. Deploying various tax measures, tax revenue to GDP improved to 10.9 per cent of GDP in 2023, which is still among the lowest in the world. With the anticipated rebasing of the GDP, Nigeria’s tax-to-GDP ratio could drop significantly. Will the government be tempted to then raise taxes to ramp up the tax revenue as a per cent of the GDP?” He said, “The piece of advice here is that while we may jubilate over the size of the GDP that could reconfirm our position as the biggest economy on the continent of Africa, we will do well to continue to critically examine the composition of the GDP, its ability to create employment, enhance incomes and generate revenue, sector-by-sector.” https://punchng.com/nigeria-to-update-economic-outlook-as-nbs-begins-rebasing-gdp-consumer-prices/?utm_source=telegram&utm_medium=social |
Politics / Re: Military Officials Arrived To Escort Ado Bayero To The Palace As Emir Of Kano by Paraman: 9:24am On May 25 |
Kooldon:Ado Bayero should take his L in peace for now. The governor is backing Sanusi 2 Likes |
Career / Re: CBN Sacks 200 More Staff by Paraman: 9:18am On May 25 |
Smartcitizen:k |
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