FG Plans To Slash Inflation From 34% To 15% In 2025
The Federal Government of Nigeria has announced its strategy to cut inflation from 34% in 2024 to 15% by the end of 2025. This plan, outlined in the 2025 budget, focuses on key measures to stabilize the economy and ease the cost of living for Nigerians. The government plans to enhance security across the country, […]
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 […]
Tinubu: Economic Policies Are Achieving Positive Results
President Bola Tinubu has shared that the economic policies he introduced after taking office are beginning to show positive results. While he acknowledged that these changes have been tough on the people, he emphasized that they were necessary to address Nigeria’s economic challenges. Speaking at the 34th and 35th convocation ceremonies of the Federal University […]
Paulo, Tiwa Savage Express Concerns Over Economic Struggles as Tacha Plans Move to the UK
Nigerian celebrities are raising their voices about the tough economic situation in the country. Recently, singer Davido made headlines after speaking about Nigeria’s ongoing struggles, pointing out issues like poor leadership, high exchange rates, and rising fuel prices. His comments, made during an appearance on the ‘Big Homies House’ podcast, sparked criticism from some political […]
Joe Igbokwe Urges Davido to Apologize to Nigerians Over Lagos Show Cancellation Claims and Economy Remarks
Nigerian singer Davido recently claimed that his Lagos show might be canceled following comments he made about the state of Nigeria’s economy during a radio interview in the United States. The singer described the economy as being in poor condition, which sparked strong reactions from some Nigerians. Critics argue that Davido’s statement could harm Nigeria’s […]
Davido Responds to Criticism Over Comments on Nigeria’s Struggling Economy
Nigerian superstar Davido has stirred controversy following remarks he made during a U.S. radio interview. The singer addressed Africans living abroad, advising them to reconsider returning home due to challenges in Nigeria, particularly its struggling economy. ”Leave America and go where? Go back where? It’s not cool back home. My country now, the economy is […]
Tinubu: I Won’t Stop Until Nigerians Experience Economic Benefits
President Bola Tinubu has pledged not to rest until Nigerians feel the positive effects of his economic policies. He made this commitment after the National Bureau of Statistics released its third-quarter report, showing that Nigeria’s GDP grew by 3.46%, an increase from the previous quarter’s 3.19%. In a statement released by his Special Adviser on […]
Tinubu Welcomes Third-Quarter GDP Growth, Says $1 Trillion Economy Possible
Nigeria’s economy is on the rise, with President Bola Tinubu reaffirming his goal of making the country a $1 trillion economy by 2030. Recent data from the National Bureau of Statistics (NBS) shows that the Gross Domestic Product (GDP) grew by 3.46% in the third quarter of 2024, an improvement from the 3.19% recorded in […]
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 […]