Economic development in nigeria news

Here are some recent news articles and updates on economic development in Nigeria:

Economic Growth

• Nigeria's economy grew by 2.27% in the first quarter of 2022, according to the National Bureau of Statistics (NBS). (Source: Vanguard)
• The International Monetary Fund (IMF) has projected Nigeria's economy to grow by 2.5% in 2022, up from 1.9% in 2021. (Source: ThisDay)

Inflation

• Nigeria's inflation rate rose to 17.71% in June 2022, the highest in over 17 years, according to the NBS. (Source: Premium Times)
• The Central Bank of Nigeria (CBN) has raised interest rates to 13% to combat inflation and stabilize the naira. (Source: BusinessDay)

Investment and Infrastructure

• The Nigerian government has launched a new investment promotion agency, the Nigeria Investment Promotion Commission (NIPC), to attract foreign investment. (Source: Leadership)
• The CBN has approved a N1.5 trillion infrastructure development fund to support the construction of roads, bridges, and other infrastructure projects. (Source: The Nation)

Agriculture

• Nigeria's agricultural sector grew by 3.45% in the first quarter of 2022, driven by increased production of crops such as rice, maize, and soybeans. (Source: NBS)
• The government has launched a new agricultural policy aimed at increasing food production and reducing imports. (Source: Daily Trust)

Energy

• Nigeria's power sector has seen a significant improvement in recent months, with electricity generation and distribution increasing by 10% and 15%, respectively. (Source: Punch)
• The government has launched a new energy policy aimed at increasing power generation and reducing energy poverty. (Source: The Guardian)

Manufacturing

• Nigeria's manufacturing sector grew by 2.45% in the first quarter of 2022, driven by increased production of goods such as textiles, food, and beverages. (Source: NBS)
• The government has launched a new manufacturing policy aimed at increasing the sector's contribution to the economy. (Source: BusinessDay)

Fiscal Policy

• The Nigerian government has increased its revenue by 15% in the first half of 2022, driven by increased oil production and non-oil revenue. (Source: ThisDay)
• The government has launched a new fiscal policy aimed at reducing its reliance on oil revenue and increasing non-oil revenue. (Source: Vanguard)

These are just a few examples of recent news articles and updates on economic development in Nigeria.