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The dollar to naira to day black market exchange rates in Lagos Nigeria today It also includes the Naira Back Market rates Bureau De Change BDC rate and Central Bank of Nigeria CBN rates nbsp Dollars to Naira The following are the dollar to naira current black market rate today of Bureau De Change BDC operators in Lagos for selling and buying United States Dollars USD at the parallel unofficial market Dollars to Naira USD to NGN Exchange Rate Today Buying Rate 748 Selling Rate 752 nbsp gggggg nbsp Pounds to Naira The following are the current pounds to naira black market rates today of Bureau De Change BDC operators in Lagos for selling and buying Great Britain Pound Sterling at the parallel unofficial market Pounds to Naira GBP to NGN Exchange Rate Today Buying Rate 920 Selling Rate 935 nbsp gggggg nbsp Euro to Naira The following are the current Euro to naira black market rates today of Bureau De Change BDC operators in Lagos for selling and buying Euros at the parallel unofficial market Euro to Naira CAD to NGN Black Market Exchange Rate Today Buying Rate 780 Selling Rate 805 nbsp gggggg Canadian Dollar to Naira The following are the current CAD to naira black market rate today of Bureau De Change BDC operators in Lagos for selling and buying Canadian Dollars at the parallel unofficial market Canadian Dollar to Naira CAD to NGN Black Market Exchange Rate Today Buying Rate 580 Selling Rate 610 nbsp gggggg Rand to Naira The following are the current Rand to naira black market rates today of Bureau De Change BDC operators in Lagos for selling and buying Rand to Naira at the parallel unofficial market Rand to Naira ZAR to NGN Black Market Exchange Rate Today Buying Rate 31 Selling Rate 38 nbsp gggggg Dirham to Naira The following are the current black market rate today of Bureau De Change BDC operators in Lagos for selling and buying Dirham to Naira at the parallel unofficial market Dirham to Naira AED to NGN Black Market Exchange Rate Today Buying Rate 155 Selling Rate 165 nbsp gggggg nbsp Yuan to Naira The following are the current black market rate today of Bureau De Change BDC operators in Lagos for selling and buying Yuan to Naira at the parallel unofficial market Yuan to Naira CNY to NGN Black Market Exchange Rate Today Buying Rate 80 Selling Rate 90 nbsp gggggg nbsp Ghanaian Cedi to Naira The following are the current black market rate today of Bureau De Change BDC operators in Lagos for selling and buying Ghanaian Cedi to Naira at the parallel unofficial market Cedi to Naira GHS to NGN Black Market Exchange Rate Today Buying Rate 65 Selling Rate 75 nbsp gggggg West African CFA franc to Naira The following are the current black market rate today of Bureau De Change BDC operators in Lagos for selling and buying West African CFA franc to Naira at the parallel unofficial market Dirham to Naira XOF to NGN Black Market Exchange Rate Today Buying Rate 945 Selling Rate 965 nbsp nbsp Central African CFA franc to Naira The following are the current black market rate today of Bureau De Change BDC operators in Lagos for selling and buying Central African CFA franc to Naira at the parallel unofficial market CFA to Naira XAF to NGN Black Market Exchange Rate Today Buying Rate 900 Selling Rate 920 nbsp CBN Official Naira Exchange Rates The exchange rate between the Naira and the US dollar according to the data posted on the Central Bank of Nigeria CBN Currency Exchange Rate where forex is official nbsp Date Currency Buying NGN Central NGN Selling NGN 1 19 2023 US DOLLAR 454 56 455 06 455 56 1 19 2023 POUNDS STERLING 561 4725 562 0901 562 7077 1 19 2023 EURO 492 0157 492 5569 493 0981 1 19 2023 SWISS FRANC 495 9197 496 4652 497 0107 1 19 2023 YEN 3 5344 3 5383 3 5422 1 19 2023 CFA 0 7295 0 7395 0 7495 1 19 2023 WAUA 610 8938 611 5657 612 2377 1 19 2023 YUAN RENMINBI 66 9643 67 0384 67 1126 1 19 2023 RIYAL 121 003 121 1361 121 2692 1 19 2023 SOUTH AFRICAN RAND 26 3641 26 3931 26 4221 1 19 2023 DANISH KRONA 66 1294 66 2021 66 2748 1 19 2023 SDR 613 5196 614 1945 614 8693 1 16 2023 US DOLLAR 453 08 453 58 454 08 1 16 2023 POUNDS STERLING 552 8482 553 4583 554 0684 1 16 2023 EURO 490 6403 491 1818 491 7232 1 16 2023 SWISS FRANC 488 8649 489 4044 489 9439 1 16 2023 YEN 3 5303 3 5342 3 5381 1 16 2023 CFA 0 7261 0 7361 0 7461 1 16 2023 WAUA 608 9328 609 6048 610 2768 1 16 2023 YUAN RENMINBI 67 3015 67 3763 67 451 1 16 2023 RIYAL 120 6123 120 7454 120 8785 1 16 2023 SOUTH AFRICAN RAND 26 5035 26 5327 26 562 1 16 2023 DANISH KRONA 65 9409 66 0137 66 0865 1 16 2023 SDR 610 9331 611 6073 612 2815 1 13 2023 US DOLLAR 452 61 453 11 453 61 1 13 2023 POUNDS STERLING 551 3242 551 9333 552 5423 1 13 2023 EURO 489 543 490 0838 490 6246 1 13 2023 SWISS FRANC 486 8345 487 3723 490 6246 1 13 2023 YEN 3 5179 3 5218 3 5256 1 13 2023 CFA 0 7232 0 7332 0 7432 1 13 2023 WAUA 607 0347 607 7053 608 3759 1 13 2023 YUAN RENMINBI 67 3217 67 3965 67 4714 1 13 2023 RIYAL 120 4936 120 6267 120 7598 1 13 2023 SOUTH AFRICAN RAND 26 8034 26 833 26 8626 1 13 2023 DANISH KRONA 65 7902 65 8628 65 9355 1 13 2023 SDR 608 3984 609 0705 609 7426 1 12 2023 US DOLLAR 452 09 452 59 453 09 1 12 2023 POUNDS STERLING 549 9675 550 5757 551 184 1 12 2023 EURO 486 6749 487 2131 487 7514 1 12 2023 SWISS FRANC 484 5552 485 0911 485 627 1 12 2023 YEN 3 4569 3 4607 3 4645 1 12 2023 CFA 0 7199 0 7299 0 7399 1 12 2023 WAUA 604 4663 605 1348 605 8033 1 12 2023 YUAN RENMINBI 66 9724 67 0469 67 1215 1 12 2023 RIYAL 120 3423 120 4754 120 6085 1 12 2023 SOUTH AFRICAN RAND 26 7667 26 7963 26 8259 1 12 2023 DANISH KRONA 65 4141 65 4865 65 5588 1 12 2023 SDR 606 4335 607 1042 607 7749 1 11 2023 US DOLLAR 451 63 452 13 452 63 1 11 2023 POUNDS STERLING 547 5562 548 1624 548 7686 1 11 2023 EURO 485 2313 485 7685 486 3057 1 11 2023 SWISS FRANC 487 4582 487 9978 488 5375 1 11 2023 YEN 3 4057 3 4095 3 4132 1 11 2023 CFA 0 7182 0 7282 0 7382 1 11 2023 WAUA 604 4423 605 1115 605 7807 1 11 2023 YUAN RENMINBI 66 683 66 7573 66 8315 1 11 2023 RIYAL 120 2263 120 3594 120 4925 1 11 2023 SOUTH AFRICAN RAND 26 5801 26 6095 26 6389 1 11 2023 DANISH KRONA 65 2315 65 3037 65 3759 1 11 2023 SDR 605 8165 606 4872 607 1579 1 10 2023 US DOLLAR 451 1 451 6 452 1 1 10 2023 POUNDS STERLING 547 8158 548 423 549 0302 1 10 2023 EURO 484 0754 484 612 485 1485 1 10 2023 SWISS FRANC 488 7324 489 2741 489 8158 1 10 2023 YEN 3 4125 3 4163 3 4201 1 10 2023 CFA 0 7147 0 7247 0 7347 1 10 2023 WAUA 602 0101 602 6773 603 3446 1 10 2023 YUAN RENMINBI 66 5095 66 5837 66 6578 1 10 2023 RIYAL 120 1236 120 2567 120 3898 1 10 2023 SOUTH AFRICAN RAND 26 4003 26 4296 26 4589 1 10 2023 DANISH KRONA 65 0731 65 1453 65 2174 1 10 2023 SDR 604 0229 604 6924 605 3619 1 9 2023 US DOLLAR 449 58 450 58 451 58 1 9 2023 POUNDS STERLING 545 97 547 1844 548 3988 1 9 2023 EURO 480 4212 481 4898 482 5584 1 9 2023 SWISS FRANC 486 7165 487 7991 488 8817 1 9 2023 YEN 3 3946 3 4021 3 4097 1 9 2023 CFA 0 7004 0 7104 0 7204 1 9 2023 WAUA 594 2531 595 5749 596 8967 1 9 2023 YUAN RENMINBI 66 2697 66 4176 66 5654 1 9 2023 RIYAL 119 6646 119 9308 120 197 1 9 2023 SOUTH AFRICAN RAND 26 4111 26 4698 26 5286 1 9 2023 DANISH KRONA 64 5865 64 7301 64 8738 1 9 2023 SDR 596 233 597 5592 598 8854 1 6 2023 US DOLLAR 450 08 450 58 451 08 1 6 2023 POUNDS STERLING 533 2998 533 8922 534 4847 1 6 2023 EURO 472 404 472 9288 473 4536 1 6 2023 SWISS FRANC 478 7067 479 2385 479 7703 1 6 2023 YEN 3 3456 3 3493 3 353 1 6 2023 CFA 0 7073 0 7173 0 7273 1 6 2023 WAUA 598 7752 599 4404 600 1056 1 6 2023 YUAN RENMINBI 65 5817 65 655 65 7283 1 6 2023 RIYAL 119 734 119 867 120 1 6 2023 SOUTH AFRICAN RAND 26 1148 26 1438 26 1728 1 6 2023 DANISH KRONA 63 5025 63 573 63 6435 1 6 2023 SDR 600 1367 600 8034 601 4701 1 5 2023 US DOLLAR 449 55 450 05 450 55 1 5 2023 POUNDS STERLING 540 3591 540 9601 541 5611 1 5 2023 EURO 477 0175 477 5481 478 0786 1 5 2023 SWISS FRANC 484 7423 485 2814 485 8206 Date Currency Buying NGN Central NGN Selling NGN nbsp GTBank Naira Exchange Rates Bank Currency Rate Date GTBank USD to Naira 490 16 10 2022 nbsp First Bank Naira Exchange Rates Currency Rate Date GBP 706 05 09 2022 EUR 602 18 07 2022 CAD 466 18 07 2022 USD 500 04 07 2022 INR 5 80 01 05 2021 RUB 6 20 01 05 2021 nbsp Access Bank Naira Exchange Rates Currency Rate Date USD To Naira 505 30 04 2022 EUR To Naira 531 31 08 2021 GBP To Naira 621 28 08 2021 CAD To Naira 357 18 08 2021 ZAR To Naira 31 18 08 2021 INR To Naira 6 18 08 2021 TRY To Naira 52 18 08 2021 AUD To Naira 299 01 05 2021 RUB To Naira 7 10 01 05 2021 SGD To Naira 268 01 05 2021 AED To Naira 109 26 11 2020 XOF To Naira 800 15 08 2020 nbsp UBA Naira Exchange Rates Currency Rate Date INR To Naira 6 12 15 10 2022 USD To Naira 503 29 04 2022 EUR To Naira 566 31 08 2021 GBP To Naira 622 23 07 2021 CAD To Naira 316 01 05 2021 AED To Naira 119 08 08 2020 nbsp Ecobank Naira Exchange Rates Currency Rate Date USD To Naira 480 23 03 2022 GBP To Naira 621 23 07 2021 EUR To Naira 499 45 16 06 2021 AED To Naira 107 15 08 2020 CAD To Naira 299 30 06 2020 INR To Naira 5 9 25 06 2020 nbsp Stanbic Bank Naira Exchange Rates Currency Rate Date USD To Naira 475 21 01 2022 EUR To Naira 543 22 07 2021 GBP To Naira 646 03 06 2021 CAD To Naira 337 01 05 2021 TRY To Naira 69 01 05 2021 nbsp nbsp Convert US Dollar to Nigerian Naira 1 USD Dollar is 442 134 NGN USD NGN 1 USD 442 134 NGN 5 USD 2 210 67 NGN 10 USD 4 421 34 NGN 25 USD 11 053 4 NGN 50 USD 22 106 7 NGN 100 USD 44 213 4 NGN 500 USD 221 067 NGN 1 000 USD 442 134 NGN 5 000 USD 2 210 670 NGN 10 000 USD 4 421 340 NGN 50 000 USD 22 106 700 NGN nbsp Convert Nigerian Naira to US Dollar NGN USD 1 NGN 0 00226176 USD 5 NGN 0 0113088 USD 10 NGN 0 0226176 USD 25 NGN 0 0565439 USD 50 NGN 0 113088 USD 100 NGN 0 226176 USD 500 NGN 1 13088 USD 1 000 NGN 2 26176 USD 5 000 NGN 11 3088 USD 10 000 NGN 22 6176 USD 50 000 NGN 113 088 USD nbsp 1 US Dollar to Nigerian Naira stats Last 30 Days Last 90 Days High 442 67 442 67 Low 436 36 420 31 Average 439 32 432 43 Volatility 0 10 0 10 nbsp The following are the euro to dollar exchange rates today It also includes the euro to pounds exchange rates euro to yen exchange rates and euro to naira exchange rates among others nbsp Convert Euro to US Dollar EUR USD 1 EUR 1 04179 USD 5 EUR 5 20895 USD 10 EUR 10 4179 USD 25 EUR 26 0447 USD 50 EUR 52 0895 USD 100 EUR 104 179 USD 500 EUR 520 895 USD 1 000 EUR 1 041 79 USD 5 000 EUR 5 208 95 USD 10 000 EUR 10 417 9 USD 50 000 EUR 52 089 5 USD nbsp Convert US Dollar to Euro The following is the current United States Dollar USD conversion to Euro USD EUR 1 USD 0 959887 EUR 5 USD 4 79943 EUR 10 USD 9 59887 EUR 25 USD 23 9972 EUR 50 USD 47 9943 EUR 100 USD 95 9887 EUR 500 USD 479 943 EUR 1 000 USD 959 887 EUR 5 000 USD 4 799 43 EUR 10 000 USD 9 598 87 EUR 50 000 USD 47 994 3 EUR nbsp 1 Euro to US Dollar stats Last 30 Days Last 90 Days High 1 0395 1 0395 Low 0 97498 0 95960 Average 1 0104 0 99545 Volatility 0 81 0 70 Convert US Dollar to Euro USD EUR 10 USD 9 75844 EUR 25 USD 24 3961 EUR 50 USD 48 7922 EUR 100 USD 97 5844 EUR nbsp nbsp nbsp FAQ Q What is the Dollar worth against the Nigerian Naira A One Dollar is worth 442 655 Nigerian Naira today nbsp Q Is the Dollar going up or down against the Nigerian Naira A Today s exchange rate 442 655 is lower compared to yesterday s rate 442 8151 nbsp Q What are 50 Dollars in Nigerian Naira A 50 Dollars buys 22132 75 Nigerian Naira at interbank exchange rates nbsp Q How much is 100 US in euro A 100 USD is currently equal to 97 5844 EUR Aboki FX The Central Bank of Nigeria CBN has said it is investigating Oniwinde Adedotun the founder of abokiFX Sources within the apex bank said that Adedotun and abokiFX Limited are currently under investigation for illegal foreign exchange transactions AbokiFX is a web platform that reports movements in the foreign exchange market since as early as 2014 On Thursday 16th of September 2021 abokiFX reported that the naira was trading at 570 to the dollar at the parallel market An insider familiar with the events said that unusual forex transactions were found in his account suggesting the promoters of the platform have been involved in illegal forex trading The apex bank is said to be investigating seven accounts belonging to Adedotun and abokiFX vetting every forex transaction from 2019 to 2021 Reports on social media claim that Adedotun is being investigated for foreign exchange rate manipulation but another source within the bank said he could not confirm the rumors There would be a lot more clarity after the next monetary policy committee MPC meeting tomorrow the source said AbokiFX registered in Arizona United States is the 63rd most visited website in Nigeria as of September 16 2021 nbsp Disclaimer This article does not set or determine forex rates The official NAFEX rates are obtained from the website of the FMDQOTC Parallel market rates black market rates are obtained from various sources including online media outlets The rates you buy or sell forex may be different from what is captured in this article nbsp nbsp Last Updated on 2023 01 30 07 31 05 nbsp
Dollar To Naira Today – Black Market Rate Conversion
Business48 mins ago

Dollar To Naira Today – Black Market Rate Conversion

The dollar to naira to day black market exchange rates in Lagos Nigeria today. It also includes the Naira Back...

Business

The Presidential Enabling Business Council PEBEC on Sunday staged a play Welcome To Easiland The Future Is Here to enlighten Nigerians particularly entrepreneurs on how bureaucratic bottlenecks are addressed by the government The play staged at the Landmark Event Centre Lagos portrays how businesses in Easiland likened to Nigeria are sabotaged and ways to do things right Dr Jumoke Oduwole Special Adviser to the President on Ease Of Doing Business said that the play was also part of activities to mark the fifth anniversary of PEBEC According to her PEBEC is a council that works on bureaucratic bottlenecks and legislative interventions for small and medium sized enterprises As you saw from the play those are realities that we have captured over the time These are the realities that the team worked with From the play you saw some of the reforms that we have implemented Sometimes some errant officers will try to sabotage the reforms and we urge people to also lodge complaints We have received a lot of compliments and we have also received a lot of complaints concerning the saboteurs within the system she said Oduwole said the play was initially staged in Abuja during the Independence Day weekend after which people requested that the play be brought to Lagos We had to squeeze it into the budget so we could bring the play to Lagos over New Year s day just to celebrate the season and also to give hope and inspiration to Nigerian entrepreneurs This is to enlighten them as a lot of them don t know about the reforms You saw the reforms at the Corporate Affairs Commission CAC and the Customs A lot of things are going on that people don t know about she said Oduwole said that the play was adopted as a form of enlightenment having realised that Nigerians love comedy and drama adding that it was the perfect way to deliver the message She further encouraged the people to use report gov ng to lodge complaints if the reforms did not work as feedbacks would be necessary to address bureaucratic bottlenecks According to her the Ease of Doing Business is something that is here to stay and there is no need to know anyone in government to get the required services People don t need to know Ministers or someone at the presidency There is need to have an enabling environment where the legislative and regulatory bottlenecks are removed Government parastatals websites are working You can use the technology to do your processes your permits nobody will tell you happy weekend or anything just to extort you That is the message that we re preaching And we want it to be entrenched in people s hearts We want them to demand it as a right and we want government to deliver it as our responsibility so that s what we re doing here today she said Oduwole said that some other states were also requesting that the play be brought to their people just as there are deliberations on further ways to take the movie closer to the people The Project Manager Mr Ayokunu Ojeniyi said the idea about the play is to first of all celebrate the new year and to communicate to Nigerians that the country belongs to everyone Government and citizens have their roles and together we can make Nigeria a place that we desire So as I said Easiland represents our collective will as a nation It is a land on a journey itself and there are quite a lot of similarities between Easiland and Nigeria As the play depicts if everybody does their own path you will see that the country that we want comes to fruition he said Ojeniyi added that the idea of a staged play was chosen as there was no better way to communicate with people while they have fun and also see themselves as the characters These are the kind of experience that you are not able to get if you are just watching TV or listening to radio However by watching it and seeing the characters playing a replay of your own experience as a way of resonating with individuals that way the message can be delivered Just like Nigeria is known for Nollywood it s because stories can be told through movies and stage plays It is just a way of staying with the audience he said nbsp nbsp
PEBEC produces a stage play to tackle business bureaucratic obstacles
The Presidential Enabling Business Council PEBEC on Sunday staged a play Welcome To Easiland The Future Is Here to enlighten Nigerians particularly entrepreneurs on how bureaucratic bottlenecks are addressed by the government The play staged at the Landmark Event Centre Lagos portrays how businesses in Easiland likened to Nigeria are sabotaged and ways to do things right Dr Jumoke Oduwole Special Adviser to the President on Ease Of Doing Business said that the play was also part of activities to mark the fifth anniversary of PEBEC According to her PEBEC is a council that works on bureaucratic bottlenecks and legislative interventions for small and medium sized enterprises As you saw from the play those are realities that we have captured over the time These are the realities that the team worked with From the play you saw some of the reforms that we have implemented Sometimes some errant officers will try to sabotage the reforms and we urge people to also lodge complaints We have received a lot of compliments and we have also received a lot of complaints concerning the saboteurs within the system she said Oduwole said the play was initially staged in Abuja during the Independence Day weekend after which people requested that the play be brought to Lagos We had to squeeze it into the budget so we could bring the play to Lagos over New Year s day just to celebrate the season and also to give hope and inspiration to Nigerian entrepreneurs This is to enlighten them as a lot of them don t know about the reforms You saw the reforms at the Corporate Affairs Commission CAC and the Customs A lot of things are going on that people don t know about she said Oduwole said that the play was adopted as a form of enlightenment having realised that Nigerians love comedy and drama adding that it was the perfect way to deliver the message She further encouraged the people to use report gov ng to lodge complaints if the reforms did not work as feedbacks would be necessary to address bureaucratic bottlenecks According to her the Ease of Doing Business is something that is here to stay and there is no need to know anyone in government to get the required services People don t need to know Ministers or someone at the presidency There is need to have an enabling environment where the legislative and regulatory bottlenecks are removed Government parastatals websites are working You can use the technology to do your processes your permits nobody will tell you happy weekend or anything just to extort you That is the message that we re preaching And we want it to be entrenched in people s hearts We want them to demand it as a right and we want government to deliver it as our responsibility so that s what we re doing here today she said Oduwole said that some other states were also requesting that the play be brought to their people just as there are deliberations on further ways to take the movie closer to the people The Project Manager Mr Ayokunu Ojeniyi said the idea about the play is to first of all celebrate the new year and to communicate to Nigerians that the country belongs to everyone Government and citizens have their roles and together we can make Nigeria a place that we desire So as I said Easiland represents our collective will as a nation It is a land on a journey itself and there are quite a lot of similarities between Easiland and Nigeria As the play depicts if everybody does their own path you will see that the country that we want comes to fruition he said Ojeniyi added that the idea of a staged play was chosen as there was no better way to communicate with people while they have fun and also see themselves as the characters These are the kind of experience that you are not able to get if you are just watching TV or listening to radio However by watching it and seeing the characters playing a replay of your own experience as a way of resonating with individuals that way the message can be delivered Just like Nigeria is known for Nollywood it s because stories can be told through movies and stage plays It is just a way of staying with the audience he said nbsp nbsp
PEBEC produces a stage play to tackle business bureaucratic obstacles
Business4 weeks ago

PEBEC produces a stage play to tackle business bureaucratic obstacles

President Muhammadu Buhari told American Investors on Friday that Nigeria with its enormous population and demographic advantage as well as being Africa s largest single consumer market is the best place for investors to invest A statement by Senior Special Assistant to the President Media and Publicity Garba Shehu said Buhari said this while speaking at the US Nigeria Business and Investment Forum Business Roundtable hosted by the American Corporate Council in Africa CCA in conjunction with the Federal Ministry of Industry Trade and Investment on the sidelines of the US Africa Leaders Summit The president noted that investors in the country can also take advantage of the African Continental Free Trade Area AfCTA to expand their trade tentacles Therefore it is imperative that you reiterate from the outset the comparative advantages that exist within the Nigerian economy First as the most populous country and the largest economy in Africa there is no doubt that Nigeria remains Africa s largest single consumer market projected to account for more than 15 percent of overall spending growth of Africa by 2025 Second investors in the country would have access to new markets under the African Continental Free Trade Area AfCTA which would be the largest free trade area in the world is expected to connect 1 300 million people in 55 countries and a consumer market that will be worth more than 3 trillion by 2030 and a combined Gross Domestic Product GDP valued at US 3 4 trillion he said According to Buhari his administration has invested heavily in infrastructure since he took office in 2015 adding that 21 selected Federal Highways have been reconstructed totaling 1 804 6 kilometers He said Since 2015 when my administration took office fixing the infrastructure gaps needed for businesses to thrive in Nigeria namely roads railways air and sea ports energy and telecommunications were the highest priorities of the Government Related to these conscious and practical efforts is our Administration s determination to improve the business environment through business incentives regulatory reforms and a business friendly visa regime The result of the enormous efforts and investments of our administration in the Development and Rehabilitation of Infrastructure that is Highway Construction and Rehabilitation Investment Tax Credit Policy led to the reconstruction of 21 selected Federal Highways for a total of of 1 804 6 km With regard to railway sea and air ports as well as energy which are expected to facilitate the movement of people goods and services as well as sustain the stabilization of industries and their growth respectively Buhari informed his audience that despite the global challenges caused by the outbreak of the Covid 19 pandemic and the Russia Ukraine war Nigeria s GDP grew by 3 54 year on year in real terms in the second quarter of 2022 In terms of the economy Nigeria like other countries including developed economies faces economic challenges brought about by disruptions as a result of the Covid 19 pandemic the ongoing war in Ukraine and Climate Change in which massive flooding is one of the manifestations Despite these global challenges Nigeria had witnessed seven 7 consecutive quarters of growth following negative growth rates recorded in the second and third quarters of 2020 Nigeria s GDP grew by 3 54 YoY in real terms in the second quarter of 2022 which represents a sustained positive economic performance especially for the non oil GDP that fell by 4 77 in the second quarter of 2022 compared to the oil GDP that grew by 11 77 he said Statistics continue to indicate that most sectors of our economy posted positive growth despite these challenges reflecting the effective implementation of the economic sustainability measures introduced by our Administration For our economy to meet favorably with global digitization Nigeria embraced Communication and Digital Economy Already the country s broadband coverage stands at 44 32 percent and 77 52 percent 4G coverage has also been achieved with the establishment of 36 751 4G base stations nationwide Buhari also said that his administration has recorded successes in the counter insurgency war in the northeast and praised the US government for supporting the country in this regard At COP 26 in Glasgow Scotland in 2021 Nigeria committed to achieving carbon neutrality by 2060 He reiterated the country s commitment to this goal and listed his administration s plans to meet Nigeria s energy needs In pursuit of our energy development Nigeria remains mindful of its commitment to carbon neutrality by 2060 In this regard our administration launched an Energy Transition Plan ETP in September 2022 aimed at meeting national energy needs in line with Nigeria s net zero target The Energy Transition Plan is a multi pronged data backed home grown strategy developed to achieve net zero emissions reductions in five 5 key sectors Energy Cooking Oil and Gas Transport and Industry The Energy Transition Plan ETP is therefore a great investment opportunity in the gas sector Buhari said Credit https thewhistler ng buhari lures american investors says nigeria remains africas largest single consumer market
Buhari attracts US investors, says Nigeria remains Africa’s largest single consumer market
President Muhammadu Buhari told American Investors on Friday that Nigeria with its enormous population and demographic advantage as well as being Africa s largest single consumer market is the best place for investors to invest A statement by Senior Special Assistant to the President Media and Publicity Garba Shehu said Buhari said this while speaking at the US Nigeria Business and Investment Forum Business Roundtable hosted by the American Corporate Council in Africa CCA in conjunction with the Federal Ministry of Industry Trade and Investment on the sidelines of the US Africa Leaders Summit The president noted that investors in the country can also take advantage of the African Continental Free Trade Area AfCTA to expand their trade tentacles Therefore it is imperative that you reiterate from the outset the comparative advantages that exist within the Nigerian economy First as the most populous country and the largest economy in Africa there is no doubt that Nigeria remains Africa s largest single consumer market projected to account for more than 15 percent of overall spending growth of Africa by 2025 Second investors in the country would have access to new markets under the African Continental Free Trade Area AfCTA which would be the largest free trade area in the world is expected to connect 1 300 million people in 55 countries and a consumer market that will be worth more than 3 trillion by 2030 and a combined Gross Domestic Product GDP valued at US 3 4 trillion he said According to Buhari his administration has invested heavily in infrastructure since he took office in 2015 adding that 21 selected Federal Highways have been reconstructed totaling 1 804 6 kilometers He said Since 2015 when my administration took office fixing the infrastructure gaps needed for businesses to thrive in Nigeria namely roads railways air and sea ports energy and telecommunications were the highest priorities of the Government Related to these conscious and practical efforts is our Administration s determination to improve the business environment through business incentives regulatory reforms and a business friendly visa regime The result of the enormous efforts and investments of our administration in the Development and Rehabilitation of Infrastructure that is Highway Construction and Rehabilitation Investment Tax Credit Policy led to the reconstruction of 21 selected Federal Highways for a total of of 1 804 6 km With regard to railway sea and air ports as well as energy which are expected to facilitate the movement of people goods and services as well as sustain the stabilization of industries and their growth respectively Buhari informed his audience that despite the global challenges caused by the outbreak of the Covid 19 pandemic and the Russia Ukraine war Nigeria s GDP grew by 3 54 year on year in real terms in the second quarter of 2022 In terms of the economy Nigeria like other countries including developed economies faces economic challenges brought about by disruptions as a result of the Covid 19 pandemic the ongoing war in Ukraine and Climate Change in which massive flooding is one of the manifestations Despite these global challenges Nigeria had witnessed seven 7 consecutive quarters of growth following negative growth rates recorded in the second and third quarters of 2020 Nigeria s GDP grew by 3 54 YoY in real terms in the second quarter of 2022 which represents a sustained positive economic performance especially for the non oil GDP that fell by 4 77 in the second quarter of 2022 compared to the oil GDP that grew by 11 77 he said Statistics continue to indicate that most sectors of our economy posted positive growth despite these challenges reflecting the effective implementation of the economic sustainability measures introduced by our Administration For our economy to meet favorably with global digitization Nigeria embraced Communication and Digital Economy Already the country s broadband coverage stands at 44 32 percent and 77 52 percent 4G coverage has also been achieved with the establishment of 36 751 4G base stations nationwide Buhari also said that his administration has recorded successes in the counter insurgency war in the northeast and praised the US government for supporting the country in this regard At COP 26 in Glasgow Scotland in 2021 Nigeria committed to achieving carbon neutrality by 2060 He reiterated the country s commitment to this goal and listed his administration s plans to meet Nigeria s energy needs In pursuit of our energy development Nigeria remains mindful of its commitment to carbon neutrality by 2060 In this regard our administration launched an Energy Transition Plan ETP in September 2022 aimed at meeting national energy needs in line with Nigeria s net zero target The Energy Transition Plan is a multi pronged data backed home grown strategy developed to achieve net zero emissions reductions in five 5 key sectors Energy Cooking Oil and Gas Transport and Industry The Energy Transition Plan ETP is therefore a great investment opportunity in the gas sector Buhari said Credit https thewhistler ng buhari lures american investors says nigeria remains africas largest single consumer market
Buhari attracts US investors, says Nigeria remains Africa’s largest single consumer market
Business1 month ago

Buhari attracts US investors, says Nigeria remains Africa’s largest single consumer market

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