Nigeria Will Exit Recession Soon - Minister of Finance, Zainab Ahmed

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said Nigeria will be out of the recession soon. Over the weekend, Nigeria slid into its worst economic recession in over three decades. Gross domestic product (GDP) numbers released by the National Bureau of Statistics on Saturday, November 21, indicates the nation recorded a contraction of 3.62 percent in the third quarter of 2020, causing it to slide into another recession. While speaking at the ongoing 26th Nigerian Economic Summit organized by the Nigerian Economic Summit Group and the Federal Ministry of Finance, Budget, and National Planning, on Monday, November 23, the Minister of Finance said the country would emerge from the recession in the fourth quarter of 2020 or by the first quarter of 2021. She blamed the recession on the global Coronavirus pandemic which has forced other economies in other countries into recession. Ahmed said other countries also in recession, including the United Kingdom, the

NPF: New Marine School Underway?

The Nigeria Police Force says it plans to establish a Marine school in the Niger Delta in order to tackle militancy, vandalism, and other forms of crime in the creeks.

The Inspector General of Police, IGP’s Ibrahim Idris, who stated this at the IGP’s conference with commissioners and above in Abuja, yesterday, explained that the school will reduce the rate of crime in the region by 80 per cent.

“Within the next three weeks, we plan to establish a Marine school. I have spoken with the governor of Bayelsa State and he has given us a land. It is very important for us to build the capacity of our marine police because most of the challenges and the disturbances we experience there are because we lack police presence.

“We believe that if police presence is increased in the creeks of Niger Delta, we are going to cut down the activities of some of these militants by 80 per cent,” the IGP stated.

He further said in a bid to improve the capacity of police officers and men, the Italian Embassy has agreed to invest over 100 million Euros for the training of officers in the Border Patrol Unit.

Explaining further, IGP Idris said: “We are going to also use our facility in Zaria to train our Border Patrol Unit and the training will be in conjunction with the Italian Embassy. The Italians have promised us that in the next four years, they would train our men and they are spending over 100 million Euros on the school.”