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 […]
Adeboye Says God Prevented Naira from Dropping to ₦10,000 per Dollar
Pastor E.A. Adeboye, the General Overseer of the Redeemed Christian Church of God (RCCG), recently shared his thoughts on Nigeria’s economic struggles, especially the falling value of the naira. Speaking at the Special Holy Ghost Congress in Abuja, Adeboye said that if it hadn’t been for God’s intervention, the naira might have plummeted to ₦10,000 […]
Shehu Sani and Ndume Disagree on President Tinubu’s Proposed Tax Reform
The debate over President Tinubu’s proposed tax reform bill is causing division among Nigerian lawmakers, especially between two former Senators—Shehu Sani and Mohammed Ali Ndume. Sani, who once represented Kaduna Central, argues that the tax reform is in the best interest of the Northern region, contrary to concerns expressed by some northern lawmakers and elites. […]