The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has revealed that the country currently spends $600m on fuel importation monthly. He stated that the high import bill is due to neighbouring countries, up to Central Africa, benefiting from the country’s fuel imports. The minister stated this during an interview today with…
The Director General of the Securities and Exchange Commission, Dr. Emomotimi Agama, has harped on the need for Nigeria to leverage on the ongoing recapitalization of banks as well as other efforts to diversify the economy from oil, in its quest to achieve its trillion-dollar economy target. SEC in a statement yesterday, said Dr. Agama,…
The Federal Government has said the country will soon overcome its present food shortage and inflation, which has reached 40 per cent, according to data from the National Bureau of Statistics. The Minister of Agriculture and Food Security, Abubakar Kyari, stated this during an interview with newsmen. Kyari revealed that the Bola Tinubu government has…
President Bola Ahmed Tinubu has dismissed calls for the return of fuel subsidy, saying the decision was painful but necessary for the nation’s economic recovery. Recall that among the demands of the ongoing #EndBadGovernance protest is the call for the return of the subsidy regime. But responding to the demand in a nationwide broadcast to…
Former Emir of Kano, Muhammadu Sanusi, said it would be unfair for him to criticise President Bola Tinubu over the country’s economic hardship. Emir Sanusi, a former governor of the Central Bank of Nigeria (CBN), speaking during a virtual religious event, said Nigerians who expected him to speak about the economic hardship deliberately wanted him…
By Adebayo Yusuf Two public affairs analysts have called government to cut down cost of governance and review its policies to address the economic hardship in the country. The Analysts, Mr Adesumbo Badejoko and Barrister Foluso Olapo made this known while speaking on the planned nationwide protest in the country on Pensioners FM current affairs…
By Yetunde Oke Two public affairs analysts have called on President Bola Tinubu’s led administration to heed to the cries of Nigerians on hardship, to avoid chaos in the country. The analysts, Comrade Ayo Ogundele and Comrade Abiodun Bamgboye spoke in reaction to the planned nationwide protest slated to begin on the 1st of August,…
The Federal Government has reiterated commitment to the full implementation of the 2024 Budget. It also pledged to promote a transparent and efficient financial management system. The commitments were made yesterday by the finance minister and Coordinating Minister of the Economy, Mr. Wale Edun. He spoke during a meeting with the House of Representatives Committee…
The federal government has called for urgent and comprehensive financial integration across the African continent. This integration is seen as a vital catalyst for boosting intra-continental trade, investment, and development. A statement from the Federal Ministry of Finance said the call was made by Wale Edun, Nigeria’s minister of finance and coordinating minister of the…
The President of Dangote Group, Aliko Dangote, has made an offer to sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited. Speaking in an exclusive interview with newsmen, the businessman expressed his willingness to sell the refinery to address allegations of monopoly in the industry. He stated that if the NNPCL takes over…