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Telecoms, financial other service sectors grew Nigeria’s GDP by 3.46% in Q4 2023- NBS

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The telecommunications, information, financial and other service sectors grew Nigeria’s Gross Domestic Product by 3.46 per cent in the fourth quarter of 2023.

The National Bureau of Statistics disclosed in its latest “Nigerian Gross Domestic Product (GDP) Report Q4 2023”, released Thursday in Abuja.

The NBS said this growth rate is lower than the 3.52 per cent recorded in the fourth quarter of 2022 and higher than the third quarter of 2023 growth of 2.54 per cent.

The report said the performance was driven mainly by the service sector, which recorded a growth of 3.98 per cent and contributed 56.55 per cent to the aggregate GDP.

Accordingly, the non-oil sector grew by 3.07 per cent in real terms during the reference quarter (Q4 2023).

“This sector was driven in the fourth quarter of 2023 mainly by financial and insurance (financial institutions); information and communication (telecommunication); agriculture (crop production); trade; construction; manufacturing (food, beverage, and tobacco) and real estate, accounting for positive GDP growth.

“On a quarter-on-quarter basis, the oil sector recorded a growth rate of -3.81 per cent in Q4 2023. On an annual basis, the oil sector growth stood at -2.22 per cent in 2023 compared to -19.22 per cent in 2022”, the report said.

Meanwhile, NBS noted that in real terms, the non-oil sector contributed 95.30 per cent to the nation’s GDP in the fourth quarter of 2023, lower than the share recorded in the fourth quarter of 2022, which was 95.66 per cent and higher than the third quarter of 2023 recorded as 94.52 per cent.

It added that the non-oil contributed 95.30 per cent while the Non-oil sector contributed 4.70 per cent to the country’s Q4 2023 GDP.

Tinubu appoints new management team for NCC, Galaxy Backbone, NIGCOMSAT[FULL LIST]

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Tinubu

Tinubu appoints new management team for NCC, Galaxy Backbone, NIGCOMSAT[FULL LIST]

President Bola Tinubu has approved the new management team for the Nigerian Communications Commission, Galaxy Backbone Limited and the Nigerian Communications Satellite(NIGCOMSAT) Limited under the Federal Ministry of Communications and Digital Economy. 

Ajuri Ngelale, presidential Spokesperson, disclosed this in a statement on Thursday. 

Full List: 

NIGERIAN COMMUNICATIONS COMMISSION (NCC)

Abraham Oshadami — Executive Commissioner, Technical Services; 

Rimini Makama — Executive Commissioner, Stakeholder Management and

Opeyemi Dele-Ajayi is the president/CEO of Digital Bridge Institute.  

NIGERIAN COMMUNICATIONS SATELLITE (NIGCOMSAT) LIMITED 

Abiodun Attah — Executive Director, Technical Services;

Aisha Abdullahi — Executive Director, Finance & Administration and

Jaiyeola Awokoya — Executive Director, Marketing & Business Development 

GALAXY BACKBONE (BB) LIMITED 

Ibrahim Adepoju Adeyanju — Managing Director/CEO 

Mohammed Sani Ibrahim — Executive Director, Finance & Corporate Services 

(3) Olusegun Olulade — Executive Director, Customer Centricity & Marketing 

(4) Olumbe Akinkugbe — Executive Director, Digital Exploration & Technical Services 

With the reconstitution of the management teams in these agencies, President Tinubu anticipates that these seasoned professionals will deliver excellent service to elevate the impact of the digital economy sector on the nation’s socio-economic development.

ICPC blames corruption for Nigeria’s economic hardship

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Secretary to the Commission Mr Clifford Okwudiri OPARAODU Esq DSSRS on behalf of the Chiarman Dr Musa Adamu Aliyu SAN presenting some of the Commission ‘s publications to Mr Dapo Olorunyomi tha CEO of Center for Journalism and Innovative Development during a familiarization visit today at the Headquarters in Abuja.

The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Dr. Adamu Aliyu, has ascribed the current economic challenges faced by the nation to corruption.

The ICPC Chairman said this during a courtesy visit by members of the Centre for Journalism Innovation and Development (CJID) to the Commission’s Headquarters on Thursday.

Dr. Aliyu who was represented by the Secretary to the Commission, Mr. Clifford Okwudiri Oparaodu, said that Nigeria was facing the realities of corruption, which had drastically affected the development of the economy.

He therefore encouraged Nigerians to be patient while ensuring that they contribute their quota to the ongoing reform of the nation.

Speaking on the enlightenment mandate of the Commission, the Chairman said it was important for Nigerians to adhere to policies to curb the challenges being faced in the execution of constituency and executive projects.

He stressed the importance of placing significance on enlightening the public on and against corruption by institutions like the CJID and individuals, saying that one of the core mandates of the Commission is public enlightenment.

Furthermore, he advised the CJID to take advantage of the Freedom of Information Act to get information from government agencies, adding that when agencies refuse to disclose the information they requested, CJID could sue them in court.

Earlier in his remarks, the leader of the team and CEO of CJID, Mr. Dapo Olorunyomi, stated that the visit was aimed at strengthening the already existing relationship between the organisation and the ICPC, as well as to identify areas to assist the Commission in the tracking of constituency and executive projects.

Mr. Olorunyomi emphasised the need for a lot more direct engagement with citizens as Anti-Corruption Agencies (ACAs) could not win the fight against corruption alone and that it was important to enlighten citizens more about CEPTI as the organisation could also aid the tracking exercise if armed with adequate knowledge.

He said the Centre had faced some challenges in receiving data from some MDAs and expressed the hope that ICPC would be able to assist in that regard.

The CJID boss said that CJID was willing to bring an interface of media engagement to the Commission’s work and in addition, lend and share global database resources that would help the Commission’s investigation activities.

The visit ended with the exchange of publications and group photographs.

Asue Ighodalo wins Edo PDP Guber ticket

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Asue Ighodalo has emerged as the winner of the Peoples Democratic Party Edo state Gubernatorial Primary.

The lawyer and former chairman of Sterling Bank Plc and Nigerian Breweries was declared the winner of the primaries after polling 577 votes ahead of seven other contestants.

Ighodalo becomes the PDP governorship flag-bearer at the upcoming 21 September Edo state governorship election.

Earlier, Newssphere recalls that the Deputy Governor of Edo State, Philiphttps://nigeriannewssphere.com/breaking-shaibu-wins-edo-pdp-factional-gov-primaries/ Shaibu, was declared the winner of the PDP factional primary.

 

 

Shaibu wins Edo PDP factional gov primaries

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The Deputy Governor of Edo State, Philip Shaibu, has emerged as the winner of a factional Peoples Democratic Party, PDP, primary election in Edo State.

He won the parallel primary election with over 301 votes.

Meanwhile, the Governor Godwin Obaseki faction of the party is yet to commence its own election.

Details shortly…

 

 

 

EFCC, NCC partner to tackle internet fraud

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The Executive Chairman of the Economic and Financial Crimes Commission, EFCC has sought partnership with the Nigerian Communication Commission, NCC in tackling the menace of internet fraud across the country.

 

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede, made this call in Abuja on Wednesday, when the Executive Vice Chairman, NCC, Dr Aminu Maida, paid him a courtesy visit at the corporate headquarters of the Commission.

 

Olukoyede pointed out that fraudsters are employing the internet as a gateway to perpetrate their criminalities and charged the NCC to be firmer in its regulatory works.

 

“When enforces of the law and regulators collaborate, it will not be business as usual. There is a need for collaboration because crimes are technology-driven”, he said.

 

 

He said the collaboration of the two Commissions signalled greater readiness to confront the menace of internet fraud and assured fraudsters that criminality would not be business as usual for them.

 

Olukoyede stressed that the challenges facing the country are surmountable and called for more commitment towards a corruption-free nation.

 

 

He enjoined the NCC and internet service providers to monitor the use of the internet more closely to checkmate the activities of fraudsters.

 

According to him, where stakeholders support and collaborate with the EFCC, the Commission would do its job perfectly.

 

Speaking on the purpose of his visit, Maida said he was at the Commission to congratulate the Chairman of the EFCC on his appointment, reiterating the fact that the “NCC is a longtime partner in the fight against internet fraud.

 

The visit is one of those official engagements meant to deepen the conversation and engagement between us”.

 

He recalled that the EFCC facilitated the forensic training of some of the staff of the NCC maintaining that the inter-relationship between the two Commissions was vital in combating internet fraud.

 

“Internet crimes are sophisticated and the NCC as a critical partner is always ready to work with the EFCC in any area it could to contribute to the attainment of the Renewed Hope Agenda of President Bola Ahmed Tinubu”, he said.

 

 

 

Abuja residents experience first rain fall in 2024

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Some parts of the Federal Capital Territory, FCT Abuja experienced the first rain in 2024 in the early hours of Thursday.

NAN reports the light rain which started half hour into the new day, about 12.30 am, lasted about 25 minutes, stopping at 12.55 am.

The unexpected rain which was devoid of lightning, heavy winds and thunderstorms was witnessed at Kubwa, Bwari Area Council, Garki in Abuja Municipal Area Council.

The rain was also witnessed in Dutse, Zuba, Bwari, Gwagwalada and Mararaba.

Residents of the areas expressed mixed feelings over the rain.

Mrs Anna Jonah, a resident of Kubwa said the unexpected rain brought a temporary succour from the heat wave experienced in the past few days.

She, however expressed worry that because the rain was light, a delay in another rain might intensify the heat.

“Before the rain started, I was lying down on tiled-floor in my room to get some relief from the heat and I had also taken cold bath twice because of sweats.

“However, after the rain, I moved to the bed with my husband and we had sound sleep, because of the mild coldness that accompanied it.

“The concern is that a light rain like this might increase the heat in the coming days, especially as NiMet recently predicted delay in rain in the North-Central states,” she said.

Lawal Sale, a resident of Garki said the rain was a bit heavy in the area and all the cars parked by occupants of his quarter that had accumulated dust were washed off by the raindrops.

Sale also confirmed relief from the intensed heat witnessed in the FCT in the past days.

He, however, said the relief might be shortlived and advised farmers not to rush to planting because the rain might not be consistent.

 

 

Labour Party chairman, Abure, others regain freedom

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The National Chairman of the Labour Party, Julius Abure, who was arrested on Wednesday in Benin City, the Edo State capital, alongside other party members, has regained freedom.

Newssphere reports that Abure and the Edo state chairman of the party, Mr Kelly Ogbaloi were arrested by a combined team of police officers and operatives of the Department of State Services, DSS.

The arrest came amid a petition by the LP Youth Leader, Comrade Eragbe Anselm Aphimia, who is reportedly loyal to the factional chairman of the party, Lamidi Apapa.

The youth leader petitioned the CP alleging that he was attacked by some party members in December 2023.

Abure arrested barely hours to the party’s primary election ahead of the September 21 gubernatorial polls in the state.

 

Champions League: Osimhen saves Napoli from defeat against Barcelona

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Victor Osimhen scored the equalizer to hand Napoli 1-1 draw with Barcelona in the Champions League Round of 16 first leg on Wednesday night

The Super Eagles striker, playing his first game since his AFCON return, was selected from the start for the match.

Robert Lewandowski opened the scoring at Diego Armando Maradona Stadium in the second half.

But Osimhen forced himself into the box to finish past Marc-Andre Stegen.

 

UCL: Arteta tackles players as Arsenal suffer defeat to FC Porto

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Arsenal manager, Mikel Arteta, has blamed his players’ game tactics for their 1-0 defeat to FC Porto in the Champions League last-16 first on Wednesday night.

The Gunners dominated most of the game, but conceded a late winner scored by Galeno in the 94th minute.

It is the first defeat for the Premier League side in 2024.

Arteta, speaking to TNT Sports after the game, said: “We have to manage much better.

“We cannot win with the way we handled the ball on three occasions in deep areas.

“If you want to be in the quarter-finals you have to beat your opponent and this is what we will have to do at the Emirates now.”

On what Arsenal were lacking, Arteta added: “We lacked threat. We lacked aggression, especially with the ball in the final third. We can do better.”

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