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Avoid greed, dishonesty and hypocrisy in galamsey fight – Asantehene


Avoid greed, dishonesty and hypocrisy in galamsey fight – Asantehene
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The Asantehene, Otumfuo Osei Tutu II, has admonished stakeholders in the fight against illegal small-scale mining (galamsey) to do so devoid of greed, dishonesty and hypocrisy.
Otumfuo Osei Tutu, who was addressing the maiden Regional Consultative Dialogue on Small-Scale Mining in Kumasi, called for unity and tenacity of purpose as the Government sought to advance legitimate and responsible small-scale mining.
The mining sector, he said, had so many prospects for the nation, citing its invaluable contribution to economic growth, especially in the area of wealth creation and poverty alleviation. ....

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IMF: Nigeria Remains Largest Economy in Africa, 26th in the World


By James Emejo
The International Monetary Fund (IMF) has said that Nigeria maintained its lead as the biggest economy in Africa, in terms of the size of the country’s Gross Domestic Product (GDP).
But globally, the IMF, in its recently released World Economic Outlook (WEO), reviewed by THISDAY yesterday, ranked Nigeria the 26th largest economy, with an average GDP of $442.976 billion.
The computation was based on nominal GDP, which does not take into account differences in the cost of living in different countries.
The IMF ,recently returned a gloomy verdict on the Nigerian economy for 2020, declaring that the nation’s economic outlook was challenging. ....

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Rebuilding Nigeria for Sustainable Growth


Recent developments in the economy once more bring to the fore the need to take actions that would wean the economy from excessive reliance on crude oil earnings for survival as well as address the structural imbalances in the country, writes Obinna Chima
The Nigerian economy is currently in a bad shape. This is visible in the dire picture of the country’s statistics.
No doubt, the disruption caused by the COVID-19 and the significant drop in the price of crude oil worsened the situation in the country.
Indeed, recent data from the National Bureau of Statistics showed that Nigeria’s real Gross Domestic Product contracted for the second consecutive quarter by 3.62 per cent in the third quarter of the year, compared to a growth of -6.10 per cent, which showed that the country had entered its second economic recession in five years. ....

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