Why Nigerians Shouldn’t Expect Okonjo-Iweala to Tell Tinubu Truth About Economy – Abati
Veteran journalist and former presidential media adviser, Reuben Abati, has criticized Dr. Ngozi Okonjo-Iweala after she told President Bola Tinubu that Nigeria’s economy is bouncing back. Abati argued that Nigerians should not expect the Director-General of the World Trade Organization to openly state the harsh realities of the economy to the president. According to him, […]
Tinubu did better than Peter Obi would have done – Reno Omokri
Reno Omokri, a well-known political analyst and former aide to ex-President Goodluck Jonathan, believes President Bola Tinubu is doing better than Peter Obi would have if he had won the 2023 election under the Labour Party. In an interview on Channels Television’s “Politics Today,” Omokri shared his views on Tinubu’s performance so far. He focused […]
Osinbajo Hosted By Member Of EDS25 Representing Africa At The World Bank, IMF
On his second day in Washington D.C., former Vice President Yemi Osinbajo was warmly welcomed by members of the EDS25 group. This group represents countries like Angola, South Africa, and Nigeria at the World Bank. The meeting was led by Mrs. Zainab Ahmed, the former Minister of Finance, Budget, and National Planning of Nigeria. She […]
Tinubu’s Policies Are Pathways To Poverty – Governor Oborevwor
Delta State Governor, Chief Sheriff Oborevwori, has strongly criticized the economic policies of President Bola Ahmed Tinubu, describing them as “pathways to poverty” for Nigerians. In a recent statement, Governor Oborevwori blamed the APC-led government’s economic measures, particularly the removal of the petroleum subsidy and the floating of the Naira, for the severe hunger, poverty, […]
Nigeria’s Debt to China, India, IMF, and Others Increases by ₦30 Trillion
The sharp fall of the naira has significantly increased Nigeria’s external debt in local currency terms, adding about ₦30 trillion between 2023 and June 2024. This increase highlights the economic impact of currency depreciation on the nation’s finances. Data from the Debt Management Office (DMO) shows that Nigeria’s external debt was $43.16 billion in June […]
Nigeria Pays $1.36bn to IMF and Other Creditors – DMO Report
The Nigerian government spent a staggering $1.36 billion on servicing its debts in the first six months of 2024. This amount is over 200% higher than the $431.23 million spent during the same period in 2023, according to the Debt Management Office (DMO). This sharp increase in debt servicing costs has been attributed to rising […]
Nigeria’s Reforms Struggling to Make Impact, IMF Report Suggests
Nigeria’s ongoing economic reforms are still facing challenges, according to the latest report from the International Monetary Fund (IMF). Nearly 18 months after these reforms began, Nigeria’s growth rate remains below the regional average for Sub-Saharan Africa. The IMF’s report highlights that inflation, exchange rates, and debt burdens continue to hold back the country’s economic […]
Minister of Finance Edun Announces Plans to Increase VAT on Luxury Goods to 15%
The Nigerian government, led by Finance Minister Wale Edun, has announced plans to increase the Value Added Tax (VAT) on luxury goods to 15%. This change is part of a new bill currently being reviewed by the National Assembly. Edun explained that while luxury items will face this tax hike, essential goods needed by low-income […]