Aso Villa Reads for 5/9/2017

Every day, we bring you the best stories the media is reporting about the Government of Nigeria.

Moments after the National Bureau of Statistics (NBS) released data indicating that the Nigerian economy has officially exited recession, the various media platforms spread the good news. TheWill reports that “the Q2 2017 growth rate of 0.55 per cent (year-on-year) was 2.04 per cent higher than the rate recorded in the corresponding quarter of 2016 (-1.49%) and higher by 1.46 per cent points from rate recorded in the preceding quarter, which was revised to — 0.91% from — 0.52% due to revisions to crude output for March 2017.” It added that “the data showed that Nigeria’s economic recovery was driven principally by the performance of four main economic activities comprising oil, agriculture, manufacturing and trade.”

Voice of Nigeria writes that “the National Council on Privatisation, NCP, has approved the commencement of the privatisation of Afam Power plants 1–5 to inject additional power into the national grid and improve electricity nationwide.”

According to a report by Daily Trust, “the Federal Inland Revenue Service (FIRS) has collected N2.5 trillion as total revenue in the last eight months. A document available to Daily Trust indicated that the highest source of revenue collected was petroleum profit tax which contributed N1.7 trillion while the other non-oil taxes contributed the balance of N876.4 billion.”

Osun Defender writes that “the Federal Government has resolved to launch one-stop shops in seven states and FCT to spur Micro, Small and Medium Scale Enterprises (MSMEs). The measure is to facilitate smoother government’s regulation and the interface between entrepreneurs and agencies of government.”

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