Tag

Agriculture

Buhari, Nigerians Must Return to Farming to Tackle Economic Challenges: Are the Banks Ready to Support?

In his first media appearance of the year, President Buhari reiterated his long-held belief that Nigerians must return to farming in order to address economic challenges. As Buhari-like as this statement may be, the sector’s high growth and export potential make it a viable support mechanism for Nigeria’s macroeconomic and non-oil growth. For example, between January and March 2021, Agriculture contributions made up 22.35 per cent of total GDP.

Economy

GDP: Why Is It Such An Important Figure?

Gross Domestic Product, GDP is an ultimate measure of how well a country fares, a window into an economy’s soul, the statistic that provides context to most national statistics. Its use spread rapidly, becoming the defining indicator of the last century.