By Ajibola Olaide, JKNewsMedia Reporter ECONOMIC GROWTH in 2024 surpassed expectations, reinforcing the impact of reforms initiated by President Bola Ahmed Tinubu on 29 May 2023. The Independent Media and Policy Initiative (IMPI) disclosed this in a statement issued by its Chairman, Dr. Omoniyi M. Akinsiju. At 3.40 per cent for the full year,...
By Jemimah Wellington, JKNewsMedia Reporter ECONOMIC RECOVERY in Nigeria demands an urgent acceleration of growth, with the government aiming to double the current rate to 7% within two years to alleviate poverty. Nigeria’s Finance Minister Wale Edun stressed this during the World Economic Forum (WEF) in Davos, Switzerland, on Thursday....
By Jemimah Wellington, JKNewsMedia Reporter PRESIDENT BOLA Tinubu has expressed deep appreciation to the Nigeria Governors’ Forum (NGF) for their unanimous endorsement of the four Tax Reform Bills currently before the National Assembly. He lauded the governors for prioritizing national interests over regional, ethnic, or political affil...
By Jemimah Wellington, JKNewsMedia Reporter NIGERIA’s inflation rate, currently at 34%, could drop to 15% by 2025 if President Bola Tinubu’s ambitious plans succeed. Speaking during his first media chat in Lagos, Tinubu revealed targeted measures to stabilise the economy and spur growth, including boosting local production, improving farming s...
By Joke Kujenya PRESIDENT BOLA Tinubu assured French President Emmanuel Macron that Nigeria’s ongoing economic reforms will drive significant progress across Africa. Speaking during a bilateral discussion, Tinubu emphasised Nigeria’s commitment to restructuring its economy to lead the continent towards prosperity. Highlighting the need f...
By Jemimah Wellington, JKNewsMedia Reporter THE FEDERAL Executive Council (FEC) has approved new external borrowing of $2.2 billion to bolster Nigeria’s finances and support the nation’s economic reform agenda. This funding includes $1.7 billion allocated for Eurobond issuance and an additional $500 million in Sukuk financing. Announced ...
By Jemimah Wellington, JKNewsMedia Reporter NIGERIA’s PRESIDENT Bola Tinubu has said he is driving significant economic reforms aimed at transitioning the country from a consumption-based economy to a production-oriented one. Speaking through Minister of Information and National Orientation, Mohammed Idris, at the opening of the 20th All Niger...
By Jemimah Wellington, JKNewsMedia Reporter DAY AFTER October 1 Independence: Amid economic reforms, Nigeria’s President Bola Tinubu is starting a two-week working vacation in the United Kingdom (UK). This time away will allow him to reflect on the progress and challenges of his administration’s reforms. The presidency reassures Ni...
By Joke Kujenya NIGERIA’s TRADE surplus reached N6.95 trillion in the second quarter of 2024, reflecting a 6.60% increase from the N6.52 trillion recorded in the first quarter. This positive shift highlights the country’s strengthening economic performance. The latest figures come shortly after Nigeria’s domestic bond issuance saw ...
