Skip to main content

NIGERIA'S GDP CONTRACTS 2.06% IN 2ND QUARTER

Nigeria's GDP has contracted 2.06% in the 2nd quarter of the year according to news released by the national bureau of statistics.

It was quite expected since the weakening of the naira and foreign exchange shortages due to global fall in oil prices have taken its toll on the economy.

Government is however optimistic that the negative growth would disappear in the third and final quarters with the injection of billions of naira into different sectors of the economy.

Analysts predict a micro percentage growth in the third quarter and a single digit growth in the final quarter of the year.

Comments

Post a Comment

Popular posts from this blog

LOVE IS OVERRATED

We often mistake lust for love and many people mistake infatuation for true love. So many people preach that if you are no longer happy in a marriage then you should just call it quits. How about telling people to remember what made them happy in the first place and work on getting back to that place. A man wakes up in the morning and tells his wife he wants a divorce because he has fallen in love with someone else even when children are involved. The fact that you once proposed marriage to a person means you once considered her above every woman, how then do you discover years into the marriage that you love another? Especially after having kids. You probably have seen a slimmer woman or a pretty face or a sexy woman and concluded that you now have a new love. The desire for something new is not usually love but an attraction which can be classified as lust or infatuation. Any time you put your new flame above your children, then you know that you are deep in lust. Sex is an integra...
Post a Comment
Read more

RAPE, ITS JUSTIFICATION AND VICTIM SHAMING

It's sad that this is a world where things are not perfect but isn't that why we have laws; to correct the ills in society? I read today on a blog about a filmmaker who said that "nonviolent rape" should be legalized and that the reason rapists were raping girls was because they were sexually frustrated and that girls should accept it and even prepare themselves for it by carrying condoms and cooperating with their rapists. In fact it is clear that civilization is beyond running water and having flushable toilets, a lot of minds are still in a dark place. Before you join the number of people condemning him, think of how you shame victims of rape by suggesting that somehow they did something to provoke the animal instinct in the rapist. The dust hasn't settled yet on the case of Busola Dakolo and Biodun Fatoyinbo where an Abuja high court struck out the case and called an abuse of court processes and said it was statue barred. They were irregularities as cited by ...
Post a Comment
Read more

THE FIGHT AGAINST CORRUPTION IN THIS GOVERNMENT: REAL OR SELECTIVE

President Muhammadu Buhari's selling point coming into the 2015 general elections was his would-be fight against corruption which many Nigerians said was Nigeria's biggest problem and which the international community also said was Nigeria's bane of development. His reelection in 2019 also echoed the same thing although many Nigerians were of course saying they had seen his true colours. In this government's fight against corruption, so much has been witnessed. There have been several convictions of high profile politicians but only people not at the core of the government or those who do not share the same religion with the president. Many embarrassing cases have been swept under the carpet like those of the former secretary to the government of the federation, the reinclusion of a wanted former government official (who was answering for his crimes as ex pensions boss) in this government,  most recently the appointment of a former politician who was tried in court for...
Post a Comment
Read more