Tag
PRIVATE SECTOR
Nigeria's private sector borrowed an additional N1.89 trillion in November 2024, raising the total credit to N75.96 trillion from N74.07 trillion in October.
President Bola Tinubu has reaffirmed his commitment to working with the private sector to foster economic growth and development in the country.
Sen. Atiku Bagudu has stated that part of the agenda 2050 for Nigeria is the need for investment of at least $100 billion with over 80% emanating from the private sector.
Nasir El-Rufai has announced his return to the private sector as he plans to launch a $100 million venture capital in the coming year.
Banks credit to the private sector hit its highest level in December 2021, reaching N35.73 trillion.
The organized private sector and other stakeholders have warned FG against endangering the productivity of Nigerians with the new Finance Bill.
Governor Godwin Emefiele of the Central Bank of Nigeria (CBN), has charged private sector operators to look inwards and figure out how best to develop the country's economy.
According to the latest World Bank's biannual report, Nigeria's economic growth in 2019 is expected to hover around 2 percent in the medium term.
Data from the Central Bank of Nigeria reveals Nigeria's credit to the private sector as a percentage of...