Governor Ahmadu Umaru Fintiri of Adamawa State Monday presented the 2021 appropriation budget of over one hundred and forty billion naira (N140b) to the Adamawa State House of Assembly for consideration. The budget tagged “Budget of Stabilization” had a proposed seventy two point eight billion naira (N72.8b) for capital expenditure representing 52% while recurrent expenditure has sixty seven point two billion naira (N67.2b) representing 48% of the budget. Governor Umaru Fintiri while presenting the appropriation bill...

Nigeria is currently experiencing it worst economic recession in three decades, WAP can report. According to the gross domestic product numbers released by the National Bureau of Statistics on Saturday, the nation recorded a contraction of 3.62 percent in the third quarter of 2020. This is the second consecutive quarterly GDP decline since the recession of 2016. The cumulative GDP for the first nine months of 2020, therefore, stood at -2.48 percent. The last time...

The consumer price index, (CPI) which measures inflation in Nigeria has risen to 14.23 percent, says a report recently published by the the National Bureau’s of Statistics (NBS). The report shows that the new inflation is 0.52 percent points higher than the rate recorded in September 2020. The rate as at then was 13.71 percent. The figures also reveals that inflation rose by 1.54 percent between September and October and 1.48 percent  between September and...