How To Address Challenges Facing Small and Medium Enterprises In Nigeria

In this interview, our analyst dissects the challenges mitigating strategic growth of Small and Medium Enterprises and how to address them.
#SMEs #Challenges #StrategicGrowth
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Professor Uche Uwaleke dissects IMF’s projection on Nigerian Economy

The International Monetary Fund has downgraded Nigeria’s 2020 growth projection, saying the economy will shrink by 5.4 per cent.

The IMF earlier in April projected that the country’s economy would contract by 3.4 per cent this year.

The IMF disclosed its new forecast in its overview of the World Economic Outlook for June, titled, ‘A crisis like no other, an uncertain recovery.

It stated that, ‘Global growth is projected at minus 4.9 per cent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook forecast.

The IMF notes the COVID-19 pandemic has had a more negative impact on activity in the first half of 2020 than anticipated, and the recovery is projected to be more gradual than previously forecast.”

Professor of Finance and Capital Market of Nasarawa State University, Uche Uwaleke, now shares his views on this and other projections

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Professor Uche Uwaleke dissects IMF’s projection on Nigerian Economy

The International Monetary Fund has downgraded Nigeria’s 2020 growth projection, saying the economy will shrink by 5.4 per cent.

The IMF earlier in April projected that the country’s economy would contract by 3.4 per cent this year.

The IMF disclosed its new forecast in its overview of the World Economic Outlook for June, titled, ‘A crisis like no other, an uncertain recovery.

It stated that, ‘Global growth is projected at minus 4.9 per cent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook forecast.

The IMF notes the COVID-19 pandemic has had a more negative impact on activity in the first half of 2020 than anticipated, and the recovery is projected to be more gradual than previously forecast.”

Professor of Finance and Capital Market of Nasarawa State University, Uche Uwaleke, now shares his views on this and other projections

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Follow us on Twitter: https://twitter.com/tvcnewsng

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This content was originally published here.

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The growth of democracy in Nigeria, Interview with Garba Datti

Former principal officer of the house of representative, Garba Datti Mohammed shares his views on June 12 and development in the National Assembly.
#NationalAssembly #June12 #CivilLeadership #Legislature #Democracy

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Nigeria marks 21 years of uninterrupted democracy

Nigerians have urged to remain committed to the growth and development of thir country, notwithstanding the present challenges.

The call was made as the country marks 21 years of uninterrupted democracy/

#DemocracyDay #MKOAbiola

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The June 12 Story

This #JH special edition is dedicated to commemorating democracy day in Nigeria to demonstrate our resolve for growth of democratic governance.
#ProjectNigeria

#June12 #SpecialEdition #DemocracyDaySpecial
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How to sustain Nigeria’s economy after Coronavirus pandemic

Nigeria’s economic team has its task set out clear in preparing the economy for a stronger recovery process post COVID-19 and Steering the economy away from an imminent recession.

Economic watchers project a best case scenario of a V-shaped recovery which will be characterised by a quick and sustained recovery only if government moves at a fast pace with economic adjustments and stabilising macroeconomic indices that largely affect output despite a projected contraction of about 3-3.5% .

For now, the first quarter Gross domestic product report earlier released calms the mood with a GDP growth of 1.87% year on year which saw the oil sector posting a growth of 5.06% while the non oil sector grew by 1.55% in real terms compared to 2019 figures.

This isnt enough as a dip is expected in the second and third quarter largely reflecting the volatility of the oil market and lockdown leading to plunge in demand.

With the MPC reducing the monetary policy rate to 12.5% and retaining other key parameters, the charge now is on government to monitor closely increasing global headwinds such as weak aggregate demand and rising corporate debt. Away from these external shocks, increasing the local revenue base through tax collection is a major contending issue as the purchasing power of many has been largely affected and a soar in unemployment rates.

Subscribe to our YouTube channel for more great videos: http://www.youtube.com/tvcnewsnigeria

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This content was originally published here.

Related posts

How to sustain Nigeria’s economy after Coronavirus pandemic

Nigeria’s economic team has its task set out clear in preparing the economy for a stronger recovery process post COVID-19 and Steering the economy away from an imminent recession.

Economic watchers project a best case scenario of a V-shaped recovery which will be characterised by a quick and sustained recovery only if government moves at a fast pace with economic adjustments and stabilising macroeconomic indices that largely affect output despite a projected contraction of about 3-3.5% .

For now, the first quarter Gross domestic product report earlier released calms the mood with a GDP growth of 1.87% year on year which saw the oil sector posting a growth of 5.06% while the non oil sector grew by 1.55% in real terms compared to 2019 figures.

This isnt enough as a dip is expected in the second and third quarter largely reflecting the volatility of the oil market and lockdown leading to plunge in demand.

With the MPC reducing the monetary policy rate to 12.5% and retaining other key parameters, the charge now is on government to monitor closely increasing global headwinds such as weak aggregate demand and rising corporate debt. Away from these external shocks, increasing the local revenue base through tax collection is a major contending issue as the purchasing power of many has been largely affected and a soar in unemployment rates.

Subscribe to our YouTube channel for more great videos: http://www.youtube.com/tvcnewsnigeria

Follow us on Twitter: https://twitter.com/tvcnewsng

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For more great content go to https://tvcnews.tv

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This content was originally published here.

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