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Tougher times as debt, inflation, unemployment weigh on economy

• More Nigerians give up, withdraw from labour market
• Food inflation hits hard as insecurity triggers rural-urban migration
• Unemployment rate: PDP decries FG’s alleged deceit
Four weeks after the economy exited recession and Nigerians looked forward to a rebound going into the second quarter of the year, it was an anti-climax yesterday, with latest economic indices, which showed citizens will face tougher times as the fast-rising debt, inflation and employment figures galloped, raising fears of a more challenging future.
At a glance, Nigeria’s economic outlook looks red: Inflation gallops to 17.33 per cent, highest level since March 2017; foreign trade deficit sunk to N7.37 trillion, lowest since 2016; unemployment rose to 33.3 per cent, third highest in the world; and external reserves falling to its lowest in 10 months at $34.74 billion with a decline of $632.9 million. ....

Sheriffdeen Tella , Simon Irtwange , Technical Committee On Nigerian Yam , National Bureau Of Statistics , Olabisi Onabanjo University , World Bank , Economic Community Of West African States , More Nigerians , National Bureau , Ken Ife , Economic Community , West African States , Technical Committee , Nigerian Yam Export , Chartered Economics , Chuwuike Uba , Boko Haram , தொழில்நுட்ப குழு ஆன் நைஜீரியன் யாம் , தேசிய பணியகம் ஆஃப் புள்ளிவிவரங்கள் , உலகம் வங்கி , மேலும் நைஜீரியர்கள் , தேசிய பணியகம் , பொருளாதார சமூக , தொழில்நுட்ப குழு , நைஜீரியன் யாம் ஏற்றுமதி , பட்டய பொருளாதாரம் ,

Economists seek policy overhaul to aid growth

Emerging from a tortuous year, concerned citizens and other interested parties have called for radical overhaul of policy frameworks. The calls came as authorities weigh options to stimulate local production and take the economy out of the woods. ....

United States , Republic Of Benin , Sheriffdeen Tella , Abiodun Adedipe , Lagos Chamber , B Adedipe Associates , Olabisi Onabanjo University , World Bank , Economic Prospects , African Continental Free Trade Area , Federal Government , West African , Chief Consultant , Associates Limited , Chuwuike Uba , Covid 19 , ஒன்றுபட்டது மாநிலங்களில் , குடியரசு ஆஃப் பெனின் , லாகோஸ் அறை , உலகம் வங்கி , பொருளாதார ப்ராஸ்பெக்ட்ஸ் , கூட்டாட்சியின் அரசு , தலைமை ஆலோசகர் , கூட்டாளிகள் வரையறுக்கப்பட்டவை ,