THE Speaker of the House of Representatives, Hon. Femi Gbajabiamila has urged for the establishment of an Education Bank to provide interest-free loans to students in tertiary institutions in order to make funding education at that level more accessible to all. He also campaigned for the establishment of a Student Loan Scheme in the country. He made the remarks while delivering the 52nd convocation address at the University of Lagos, UNILAG, on Monday. The topic of the presentation was “Building Back Better: Creating a New Framework for Tertiary Education in Nigeria in the Twenty-First Century.” In this regard, he stated […]
The Central Bank of Nigeria’s measures to ensure the stability of the Naira has not yielded the expected results. This was revealed in a Global Finance article titled “Central Banker Report Cards 2021: The Art Of Timing.” In the report card ranking, Emefiele-led CBN was given a “C” grade for performance, the same mark as last year. Last year, central bank governors were on high alert as a worldwide health crisis jeopardized both fiscal and physical health.
According to the World Bank, the bounce is due to rising oil prices as well as faster development in telecommunications and financial services. The Nigerian economy is predicted to increase by 2.5 percent in 2022, up from 2.4 percent in 2021, according to the World Bank. According to the bank’s January 2022 Global Economic Prospects report, which was released on Tuesday, Nigeria’s growth is expected to go up slightly to 2.5 percent in 2022 and 2.8 percent in 2023. It attributed the rise in oil prices to the rebound, as well as faster growth in telecommunications and financial services. “Higher[…]