Favourblog

The Nigerian economy is expected to grow by 2.5 per cent in 2022, up from an estimated 2.4 per cent growth in 2021, the World Bank has said. The bank, in its January 2022 Global Economic Prospects report published Tuesday, said Nigeria’s growth is projected to strengthen somewhat to 2.5 per cent in 2022 and 2.8 per cent in 2023. It cited the rebound to higher oil prices as well as accelerated growth in telecommunication and financial services. “The oil sector should benefit from higher oil production cuts, and domestic regulatory reforms,” it said. “Activity in service sectors is expected to firm as well, particularly in telecommunications and financial services.” However, it said the reversal of pandemic-induced income and employment losses is expected to be slow, this, along with high food prices, restrains a faster recovery in domestic demand. “New threats from COVID-19 variants and a rise in inflation, debt, and income inequality could endanger the recovery in emerging and developi...

Insecurity and terrorism has been a major challenge to the Nigerian government in recent times. The activities of the Islamic sect (Boko Haram) had led to loss of lives and properties in the country especially in the Northern part of Nigeria. Some of these activities include bombing, suicide bomb attacks, sporadic shooting of unarmed and innocent citizens, burning of police stations, churches, kidnapping of school girls and women, etc. Kidnapping, rape, armed robbery and political crises, murder, destruction of oil facilities by Niger Delta militants alongside the attacks carried out by Fulani Herdsmen on some communities in the North and South have been another major insecurity challenge facing the country. Nigeria has been included among one of the terrorist countries of the world. Many lives and properties have been lost and a large number of citizens rendered homeless. Families have lost their loved ones. Many women are now widows. Children become orphans with no hope of the future...

 The almighty and media-hyped football match came to an end in Favour of the Gold-coast players.  The first leg which was played on the 25th of March ended in a goalless tie just before the last weekend of March. And with the 2nd leg just concluded, the black stars have secured their place in the 2022 World Cup.  This came with Thomas partey scoring about 11 minutes into the game and the Nigerian defender- William Troost-Ekong who plays in English side watford scoring a penalty kick few minutes later.  The second half of the match was played with enough energy but not just enough to score a goal. Nigeria dominated the second half with 60% possession and managed nine shots but only one managed to bring Joe Wollacott into action.  Ghana held on for five minutes of added time as they advanced to the World Cup finals for the first time since 2014.