The Lagos State Chapter of the All Progressives Congress APC has described China’s decision to accept the Nigerian Naira for transactions as a milestone in the country’s economic diplomacy under President Bola Tinubu regime. The party’s spokesman, Hon. Olaseye Oladejo, said the policy would ease Nigeria’s overdependence on the US dollar for international trade, providing…
President Bola Tinubu on Wednesday presented a national budget of N47.96 trillion for 2025 to the joint session of the National Assembly. The President said the budget, which he said was put together based on economic realities, would trigger prosperity in Nigeria in 2025 if implemented to the letter. According to him, the budget would…
President-elect Donald Trump has announced that billionaire Elon Musk and Vivek Ramaswamy, former GOP presidential candidate, will lead the new Department of Government Efficiency. Trump stated that the pair will work together to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies. “It will become, potentially, ‘The Manhattan Project’ of our…
The Central Bank of Nigeria (CBN) and the International Finance Corporation (IFC), a member of the World Bank Group, have signed an agreement to increase local currency financing in Nigeria through a $1 billion investment. This partnership, announced in Washington DC, aims to enhance financing opportunities for private businesses across priority sectors in Nigeria, such…
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 launched a new initiative to establish an operating model and framework for economic and financial inclusion to transform Nigeria into a $1 trillion economy by 2030. The project is designed to combat poverty and catalyse sustainable economic growth from the ground up. Vice President Kashim Shettima explained that the initiative symbolised…
Nigeria’s inflation rate is predicted to stabilize at 14 per cent in 2029, indicating a potential end to the current upward trend according to the latest data from the International Monetary Fund. This projection comes as a relief amidst concerns over the increasing inflation rate, which currently stands at 33.69 per cent as of April…
By Adebayo Yusuf Two public affairs analysts have advised President Bola Tinubu to engage in consultations with relevant stakeholders including past presidents in his decisions and policies making. Hon. Femi Adebisi and Barrister Jubril Muhammed made this known while speaking on the first anniversary of President Tinubu’s administration on Pensioners FM current affairs programme, “Voice…
The Federal Government has said that about $2.5 billion would be saved yearly from every one million vehicle converted into Compressed Natural Gas-powered cars. The Programme Director, Presidential Initiative on Compressed Natural Gas, Michael Oluwagbemi, disclosed this during the South-South/South-East Stakeholders Engagement Meeting on Presidential Initiative on CNG held in Port Harcourt, Rivers State. Oluwagbemi…
Presidency on Tuesday expressed support for the banking sector consolidation initiative of the Central Bank of Nigeria, saying it would help the country to grow the economy to a new height. This came barely five days after the CBN said it would ask banks to raise new capital. According to the Presidency, it has become…