Nigeria’s Economic Outlook Marked By Significant Uncertainty – IMF
The International Monetary Fund (IMF) has said that Nigeria’s economy is still facing a lot of uncertainty, even though the country has made some important reforms. After meeting with top Nigerian officials for their 2025 Article IV Consultations, the IMF team, led by Axel Schimmelpfennig, praised Nigeria for trying to fix its economy. They said […]
2027: APC has no alterative presidential candidate – Senator Kalu
Senator Orji Uzor Kalu has declared that the ruling All Progressives Congress (APC) is not considering any alternative presidential candidate for the 2027 elections. He believes President Bola Tinubu is doing well in governance and deserves continued support. Speaking to journalists at the Senate, Kalu acknowledged that Nigeria’s economic reforms have been tough on citizens. […]
El-Rufa’i acknowledges Atiku’s role in Obasanjo economic reforms
Former Vice President Atiku Abubakar played a key role in shaping Nigeria’s economy during President Olusegun Obasanjo’s time in office. From 1999 to 2007, Atiku was responsible for overseeing the privatization of national assets. The Bureau of Public Enterprises (BPE), led by Nasir El-Rufai at the time, operated under his supervision. Recently, former Kaduna State […]
Sanusi Comes Under Fire Over Criticism Of Tinubu’s Economic Policies
Former Central Bank Governor and ex-Emir of Kano, Muhammadu Sanusi II, has sparked controversy over his recent criticism of President Bola Tinubu’s economic policies. During the 21st Chief Gani Fawehinmi Memorial Lecture in Lagos, Sanusi voiced his concerns, stating that the government is not managing the economy properly. He also claimed that Tinubu’s administration lacks […]
We don’t need your support for Tinubu’s policies – FG replies Emir Sanusi
The Federal Government has made it clear that it does not need the backing of Emir Muhammadu Sanusi II of Kano to carry out its policies. According to the government, its reforms are designed to benefit the nation, and they will proceed regardless of the Emir’s opinion. This statement was issued in response to comments […]
I removed fuel subsidy to prevent Nigeria becoming bankrupt — Tinubu
President Bola Tinubu has shared the reasons behind his decision to remove the fuel subsidy in Nigeria. During a town hall meeting in Enugu State, he explained that the move was necessary to prevent the country from going bankrupt and to secure a better future for Nigerians. Tinubu highlighted the importance of thinking beyond immediate […]
2025: 5 percent inflation rate possible in Nigeria with $50bn FDI – Teriba
Inflation is one of the biggest challenges facing Nigeria today, but Ayo Teriba, a respected economist and Chief Executive of Economic Associates, believes there’s hope. He recently shared on Arise Television’s Good Morning Show that Nigeria could lower its inflation rate to just 5% by 2025 if the government attracts $50 billion in foreign direct […]
Economic Council Approves New Revenue Commission Legislation
The National Economic Council (NEC), chaired by Vice President Kashim Shettima, has taken a significant step to strengthen Nigeria’s fiscal management by approving a draft bill to update the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) law. This decision was disclosed by Anambra State Governor, Professor Charles Soludo, during a media briefing after NEC’s final […]
Sagay Cautions Tinubu Against Harmful IMF and World Bank Economic Advisories for Nigeria
Itse Sagay, a well-known Nigerian legal expert, has raised concerns about the economic policies recommended by the World Bank and the International Monetary Fund (IMF). He believes that these policies, often followed by developing countries like Nigeria, have historically worsened economic conditions rather than improving them. In an interview with The PUNCH, Sagay criticized the […]
Why Cardoso Urges Nigerians to Stay and Help Build the Economy
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has advised Nigerians not to leave the country, a trend popularly known as “Japa.” He assured citizens that the CBN is working hard to create an economy where everyone—individuals, businesses, and communities—can thrive. Cardoso shared this important message during the 59th annual Bankers […]