Business

Group Asks FG To Declare State Of Emergency On Economy

A Civil Society Organisation (CSO) has advised the Federal Government to declare a state of emergency on Nigeria’s economy.

The call follows a report from the National Bureau of Statistics which shows that Nigeria’s Gross Domestic Product (GDP) has contracted by 2.06% in the second quarter of 2016.

The Executive Secretary of the Centre for Social Justice, Mr Eze Onyekpere, made the recommendation on Wednesday while addressing journalists in Abuja, the Federal Capital Territory.

Mr Onyekpere noted that Nigerians were yet to feel the impact of the economic policies.

He advised the government to cut down on its spending and come up with a clear template on how it intends to build the economy.

Akinola Ajibola

Disqus Comments Loading...

Recent Posts

Tinubu Appoints Abdullahi Bello As CCB Chairman 

By the presidential pronouncement, Abdullahi Bello replaces Aliyu Kankia, who has been the acting Chairman…

13 mins ago

NAFDAC Cracks Down On Fake Bottled Water Syndicate In Rivers

The illicit scheme involved affixing pre-printed Eva labels onto the bottles and sealing them with…

3 hours ago

New Senegal President’s Home Village Full Of Pride, Hope And Advice

The uncle of the new president and his namesake Diomaye Faye said that running as…

3 hours ago

‘Caution Wike’, Sekibo, Secondus, Omehia, Others Pledge Support For Tinubu

They expressed their displeasure at the direction of events unfolding politically in the state and…

3 hours ago

Sean Combs, The Rap Mogul Facing A Web Of Sex Crime Allegations

He has no major convictions but has long been trailed by allegations of physical assault,…

3 hours ago

Russian Military Jet Crashes Into Sea Off Crimea

"A military plane has fallen into the sea," Governor Mikhail Razvozhayev said in a post…

3 hours ago