President Bola Tinubu has declared that his administration is implementing bold policies to propel Nigeria’s economy out of the downturns occasioned by multiple global shocks. President Tinubu, represented by Vice-President Kashim Shettima, made the assertion yesterday at the opening of the 2024 African Caucus meeting in Abuja. He said, “As a government, we have initiated bold economic reforms aimed at …

On Thursday in Abuja, Minister of Finance Mr Wale Edun addressed a press conference and gave a mid-year report on the economy. The Minister told the press what President Tinubu’s administration had done in the last year to address some of the structural imbalances in the economy, working with the fiscal and monetary authorities. The Minister, who will now address …

A man identified as Shuaibu Yusuf, from Borno State, on Monday, climbed a radio mast in an attempt to commit suicide. Shuaibu vowed to sacrifice his life for the nation’s pressing issues, while pleading for fellow Nigerians to join his cause, emphasizing his readiness to sacrifice his life for what he called critical issues. His demands include the restoration of …

Nigeria has recorded a commercial transaction of raw gold sales at the London Bullion Market Association, the Minister of Solid Minerals Development, Dele Alake disclosed on Sunday. He said the sales have delivered a $5m increase in Nigeria’s foreign reserves, 70 plus kilograms of gold refined to the London Bullion Market Good Delivery Standard and successful aggregation of locally mined …

Data from the International Monetary Fund (IMF) has shown Nigeria’s economy is expected to rise to at least $1.852 trillion in Purchasing Power Parity (PPP) terms by 2029. The IMF’s prediction shows a noteworthy growth path for the country’s economy over the next five years. The country’s GDP in PPP terms has been on the increase, projected to rise from …

The Governor of Plateau State, Caleb Mutfwang, on Monday, lamented the economic hardship being faced by Nigerians and blamed the situation on the last administration led by ex-President Muhammadu Buhari. Speaking during the swearing-in of 22 Special Advisers and heads of government agencies at the Government House in Jos, Mutfwang said Buhari left the country’s economy in terrible shape for …

The Presidency and former Vice President, Alhaji Atiku Abubakar at the weekend engaged exchange of words over the state of the economy, particularly on currency fluctuation and poverty. Atiku, who was the presidential candidate of the Peoples Democratic Party (PDP) in last year’s general elections, said that the “wrong policies of the (Bola) Tinubu administration continue to cause untold pain …

The Director General of the Nigerian Employers Consultative Association (NECA), Adewale-Smatt Oyerinde, has raised the alarm that the country’s worsening economic problems can lead to retrenchment of workers. This followed the continuous decline of the naira in the country which affected organisational activities. Recently, several companies have closed up their businesses in Nigeria, citing economic challenges as a major reason. …

Lagos State Government has been commended for its thrives on the economy and appraised for the year 2023 budget performance, reaching 78 percent attainment in the third quarter. Business experts and economists at a round-table to review the Lagos Economy in year 2023 and the outlook for year 2024, held at the Protea Hotel Select, Central Business District, Ikeja, organized …

A chieftain of the All Progressives Congress (APC) in Osun State, Hon. Olatunbosun Oyintiloye has expressed confidence in the capability of President Bola Tinubu to fix the country’s failing economy. In a chat with journalists on Sunday, in Osogbo, the state capital, Oyintiloye, who was in the now defunct APC Presidential Campaign Council, advised Nigerians to be patient and support …