₦airaland Forum

The Monetary Policy Committee Meeting of the Central Bank of Nigeria,CBN has noted that non oil sector has remained the major driver of growth while the contribution of the oil sector continues to slide downwards.

Said the communiqué of the MPC meeting released today “The non-oil sector remained the major driver of growth recording 7.91 per cent in contrast to the growth rate of -0.68 per cent for the oil sector during the second quarter of 2013. The drivers of the non-oil sector growth remained agriculture; wholesale and retail trade; and services which contributed 1.72, 1.47, and 2.90 per cent, respectively. The Committee noted the continued decline in the contribution of the oil sector to overall GDP and the underlying factors responsible for this state of affairs.

http://newsdiaryonline.com/contribution-of-oil-sector-to-gdp-continues-to-slide-cbn/


“These factors include; sustained oil theft which has led to a decline in output volumes in the face of an uncertain international oil market and price signals, weak infrastructure, and downside risks due to discovery of shale oil and the emergence of other African oil exporters competing for Nigeria’s traditional oil market,”the committee said.

The Legal Eagle: Av u forgotten abt freedom of opinion..every1 s free 2 say whatever he wants to.If we do not av d likes of El-rufai who sees d president as hopeless, Gej won't sit up and work towards dissapointin does who think he cannot make it

luvmijeje: Hey! Don't get fecking personal with me, if u have something to say, pls do.

taharqa: [size=16]MODS plz take this thread which corrects the FALSEHOOD of yesterday's Thread by SRwhich made frontpage, TO THE FRONTPAGE for the sake of Balance and TRUTH[/size]

https://www.nairaland.com/1510521/not-spend-64billion-build-abuja#19406671


Yterday's FP thread FALSELY https://www.nairaland.com/1508852/cacol-condemns-n64bn-abuja-city
claimed that the FCTA was going to spend #64billion of Taxpayers money to build 2 City Gates, when it was 2 DISTRICTS that was planned, to be built by invested Private Investors.

Plz, do the needful.
Thanks

The Monetary Policy Committee Meeting of the Central Bank of Nigeria,CBN has noted that non oil sector has remained the major driver of growth while the contribution of the oil sector continues to slide downwards.

Said the communiqué of the MPC meeting released today “The non-oil sector remained the major driver of growth recording 7.91 per cent in contrast to the growth rate of -0.68 per cent for the oil sector during the second quarter of 2013. The drivers of the non-oil sector growth remained agriculture; wholesale and retail trade; and services which contributed 1.72, 1.47, and 2.90 per cent, respectively. The Committee noted the continued decline in the contribution of the oil sector to overall GDP and the underlying factors responsible for this state of affairs.

“These factors include; sustained oil theft which has led to a decline in output volumes in the face of an uncertain international oil market and price signals, weak infrastructure, and downside risks due to discovery of shale oil and the emergence of other African oil exporters competing for Nigeria’s traditional oil market,”the committee said.

lertee: Nigeria cannot be totally ruled out,our economy might not be as booming as south Africa's but we are far ahead in some other aspects. God bless Nigeria.

The Federal Capital Territory Administration (FCTA) has disclosed that the new Abuja city gate to be located at the Kuje Junction, Along Umaru Musa Yar’Adua Expressway (airport road) is to be constructed at the cost of N64 billion.

The new city gate, according to the administration, comprises conference and parade grounds, botanical gardens and a five star hotel. Others are shopping arcades, amphitheatres, cable car stations that will go from south to north and a monorail system.

Director, department of public buildings, Federal Capital Development Authority (FCDA), Arch Bernard Lot, who disclosed this while addressing a press conference, said the project would be floated through Public Private Partnership (PPP) model and the administration was currently looking for investors.

“Some investors have shown interest and we have discussed with them. We have prepared Infrastructure Concession and Regulatory Commission (ICRC) documentation for it at the cost of N64 billion,” Lot said.

[b]Explaining the concept of the new city gate, he said, “The city gate project is a futuristic project. We have a new one at Kuje junction; just before the flyover at Kuje junction if you are moving from the city to the airport. Under the contract of the Airport expressway, very soon they will do an underpass because the gate is designed into a northern flank, a southern flank and a central axis. The central axis is a pedestrian bridge with a pile-on and on the northern side we have the formal side where we have the conference and parade ground, botanical gardens and other facilities including a five star hotel. That will form the symbol of how a visiting head of state could be given the key to enter the city.

“On the southern side, we have commercial facilities such as shopping arcades, amphitheatre, cable car station that will go from south to north and even with a monorail. City gates in modern architecture are places where people can come and converge, live and seek information about the city and go back without entering the city. One doesn’t have to enter Abuja without knowing about Abuja. Right from the city gate, you can know about the city and go back. The city gate is going to be complemented by the centenary city which is adjacent to it.”[/b]

agbameta: Which Niger bridge are they tolling? The 30 year old imaginary and proposed one or the one that's falling apart today? lmao

They are yet to get their 30 year old bridge and the yeye one on the ground is due for tolling? CHEI!!! Talk about double jeopardy...

Tinubu bad gan sha? All the tolling money is going inside Tinubu's pocket..

ilungunboy: Maybe because FG is now involved..some people will come to understand that tolling aren't exactly a bad idea they've come to believed because LASG was involved.

pumpingmachines: He said that concessionaires will change the tolls and they will be responsible for the building and maintenance of the roads, even as government will give preference to tolling by established, experienced and reputable private firms.

On when the concessionaire will start charging toll, the minister stressed that it may only be levied once a road is completed and integrated with the road network.

Demdem: Fool, call me whatever.
What is wrong in demanding for implementation of agreement? Are u Ok?
Because u don't honour agreement in ur miserable life doesn't mean we all don't

Demdem: Bullshit.
Is this part of the 2009 agreement? ho cares if its 1 trillion naira monthly. ASUU isnt asking for anything more than the implementation of the agreement. Nothing more.
I dont expect ASUU back in classes till this is done.

Sincere 9gerian: On the 10th of February 2013, Nigeria won the Africa Cup of Nations after waiting for 19 solid years. Today, Nigeria defeated Mexico to lift the Under-17 FIFA World Cup. Consequently, Nigeria, under the leadership of President Goodluck Jonathan, has won two prestigious football trophies in one calender year.

The question that comes to mind following this unprecedented feat is, what is in a name? Clearly this is not accidental.

If only the ENEMIES of progress and all those who have made certain sectors and parts of the country ungovernable will sheathe their swords, this same Goodluck will permeate all other sectors and Nigeria as a whole will see faster DEVELOPMENT.

Congratulations Nigerians!
To God be the glory!
God bless Nigeria!

jmaine: Lolz . .This joke dey pain some pipu oo !!!

The Federal Capital Territory Administration (FCTA) has disclosed that the new Abuja city gate to be located at the Kuje Junction, Along Umaru Musa Yar’Adua Expressway (airport road) is to be constructed at the cost of N64 billion.

The new city gate, according to the administration, comprises conference and parade grounds, botanical gardens and a five star hotel. Others are shopping arcades, amphitheatres, cable car stations that will go from south to north and a monorail system.

Director, department of public buildings, Federal Capital Development Authority (FCDA), Arch Bernard Lot, who disclosed this while addressing a press conference, said the project would be floated through Public Private Partnership (PPP) model and the administration was currently looking for investors.

“Some investors have shown interest and we have discussed with them. We have prepared Infrastructure Concession and Regulatory Commission (ICRC) documentation for it at the cost of N64 billion,” Lot said.

[b]Explaining the concept of the new city gate, he said, “The city gate project is a futuristic project. We have a new one at Kuje junction; just before the flyover at Kuje junction if you are moving from the city to the airport. Under the contract of the Airport expressway, very soon they will do an underpass because the gate is designed into a northern flank, a southern flank and a central axis. The central axis is a pedestrian bridge with a pile-on and on the northern side we have the formal side where we have the conference and parade ground, botanical gardens and other facilities including a five star hotel. That will form the symbol of how a visiting head of state could be given the key to enter the city.

“On the southern side, we have commercial facilities such as shopping arcades, amphitheatre, cable car station that will go from south to north and even with a monorail. City gates in modern architecture are places where people can come and converge, live and seek information about the city and go back without entering the city. One doesn’t have to enter Abuja without knowing about Abuja. Right from the city gate, you can know about the city and go back. The city gate is going to be complemented by the centenary city which is adjacent to it[/b].”

nwabobo: BREAKING NEWS: "APC pulls out of celebrating the victory of Golden Eaglets at the U17 World Cup. The Party claims that there is no need for winning the trophy at this time because it is too close to election period. The party believes that the victory is a ploy by President Jonathan and the PDP to distract Nigerians. Their governors have been instructed not to join in the celebration train." - Sahara Lieporters..

Jamaticulus: IHEANACHO FOR PRESIDENT!!!

Goddex: In February . . . Nations Cup

Later, the Under 23 narrowly missed lifting the world cup

November, same year, Under 17 are lifting the World Cup

This cannot be ordinary. Thank you GEJ! We love you

BabaAlabi: This has nothing to do with Jonathan. The country is in crisis but the president wants it to look like we are celebrating. Lead Nigeria to World glory then we will celebrate with you. In order news Congrats to the best team in the world! Congrats to the deadly forward-Iheanacho.

Ojobojo1: @ Taharqa continue to bullshit urself, I'm from Kogi nd I hv nt seen any reasonable development yet

ewosk: **so so tired of this Govt....it was 255m for 2 cars now it 65bn for gate...and the govt is serious downsizing and selling public corporations in a bid to reduce cost of operation of governance...who is fooling who...abeg make una small small steal d money o

chucky234: N64bn? Were the gate constructed in heaven?
Haba Jona why spend N64bn to swap city gate when Nigerians are languishing in poverty,ASUU strike on strike and the nation's medical facilities in decay.
GEJ administration is certainly the pinnacle of corruption, all time record high.