Category: Business

Are agriculture and economic development still antithetical?

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Reflections for a post-COVID recovery plan Despite decades of rhetoric on the merits of diversification, oil still represents more than 90 percent of the total value of Nigerian exports, Marco Castradori If evidence were still required, the coronavirus pandemic and the consequent nosedive of oil prices has once more reminded us of the shortcomings of Nigeria’s oil dependence. Despite decades of rhetoric on the merits of diversification, oil still represents more than 90 percent of the total value of Nigerian exports, and more than half of all government revenue, thus…

Fresh calls for restructuring as COVID-19 batters economy

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Ohanaeze, PANDEF, others demand economic diversification There is no “better time but now to commence restructuring of the country,” said President of the Middle Belt Forum (MBF) Dr PoguBitrus. He noted that by this alone could Nigeria emerge stronger prom the pandemic. By Ohaneze, PANDEF Some Nigerians yesterday intensified calls for the political and economic restructuring of the country, citing the devastating financial impact of the COVID-19 lockdown and loss of oil earnings due to the crash in oil prices.President General of Ohanaeze Ndigbo Chief John Nwodo told The Guardian…