PRESS RELEASE: MANEG commends NECA for its summit and focus on non-oil exports | TheCable
This call was made at the NECA annual summit which held in Abuja recently, where stakeholders proffered solutions aimed at shaping Nigeria’s economic landscape, especially through trade and non-oil exports.
She stated, “It is important that the government steps up to support non-oil export businesses by offering accessible incentives and allocating funds specifically for them to foster revenue growth in the country. The cost of running a business in Nigeria is hefty, compared to many other places in the world, so it is crucial for the government to provide incentives.
In his keynote address, Dr. Akinwumi Adesina, President of the African Development Bank , represented by Mr. Lamin Barrow, DG, AfDB Nigeria emphasized the critical importance of accelerating resource mobilization for Nigeria’s economic growth with Nigeria’s revenue to GDP ratio at 8%, well below the West African average of 13%. “Nigeria’s revenue to GDP ratio at 8% is among the lowest in the world and lacks the West African Average of 13%.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Never again' -- Otu says Cross River will not cede more lands to Cameroon | TheCableBassey Otu, Cross River governor, has told the federal government that the state will not allow any part of its lands to be ceded to Cameroon again. He referred to
Read more »
JUST IN: Keyamo apologises as senate resumes screening after initial pushback | TheCableThe senate has resumed the screening of Festus Keyamo after the former minister tendered an apology to the lawmakers. TheCable had reported how the upper legislative chamber was thrown into
Read more »
Umahi: My father died at private hospital due to negligence | TheCableDavid Umahi, the senate deputy majority leader, says he lost his father due to negligence at a private hospital. Umahi spoke on Monday on the floor of the upper legislative
Read more »
I didn't lead protest against Tinubu's ministerial nominees, says Oyalowo | TheCableAyobami Oyalowo, a former member of the All Progressives Congress Presidential Campaign Council (APC PCC), has denied a video making the rounds of him leading a protest against President Bola Tinubu’s
Read more »
Climate Watch: World Bank, SEforALL advocate private sector investments in Africa’s clean energy | TheCableDespite directly impacting our communities, health, and livelihood, climate-related reports usually take a back seat to dominant news beats like politics and business. Climate Watch aims to ensure you never
Read more »
NARD: We fixed protest on Wednesday to give FG time for intervention | TheCableThe Nigerian Association of Resident Doctors (NARD) says it fixed its protest on Wednesday to allow some time for the federal government to intervene. NARD had announced that its members
Read more »