latest
Nigeria’s Economy Shows Resilience Despite Global Challenges, Former British Council Director Asserts
Nigeria’s Economy Shows Resilience Despite Global Challenges, Former British Council Director Asserts....KINDLY READ THE FULL STORY HERE▶
Former British Council Director in Abuja, David Roberts, has challenged the characterization of the Nigerian economy as a mess, citing its recent GDP growth of 3.46 percent as evidence to the contrary. Roberts pointed out that Nigeria’s GDP growth rate surpasses that of Europe, which is currently experiencing a recession…….CONTINUE READING
He criticized Nigeria’s fuel subsidy policy, arguing that resources allocated to subsidies could be better utilized for infrastructure development such as schools, hospitals, dams, and transportation systems.
Roberts emphasized the importance of prudent financial management, suggesting that if Nigeria effectively utilizes funds redirected from fuel subsidies, it could achieve economic growth levels seen before 2015.
In a statement, Roberts highlighted the need for Nigeria to strengthen regulatory institutions and combat corruption to enhance investor confidence and economic stability.
He commended Nigeria’s decision to abolish the fuel subsidy, noting positive outcomes such as GDP growth, a thriving stock market, and increased capital importation. Roberts urged the government to remain steadfast in its economic reforms and resist pressure to reinstate fuel subsidies or devalue the currency.
Roberts concluded by asserting that Nigeria’s economy is on a positive trajectory, evidenced by its growth rate, and emphasized the importance of sustaining current economic policies for continued progress. He dismissed the notion of Nigeria’s economy being in disarray, citing its growth performance as evidence to the contrary.
The Transmission Company of Nigeria (TCN) has declared a force majeure on the Ikeja West–Osogbo 330kV transmission line following a severe rainstorm that disrupted operations along the route.....KINDLY READ THE FULL STORY HERE▶
A social media post has triggered public reactions after alleging that some top government officials attended a wedding ceremony in Borno State instead of the funeral of a senior military officer killed in action.....KINDLY READ THE FULL STORY HERE▶
The Federal Ministry of Finance has rejected claims that large portions of Nigeria’s revenue are unaccounted for or diverted, saying such interpretations of the latest World Bank Nigeria Development Update are misleading.....KINDLY READ THE FULL STORY HERE▶
-
latest8 months ago“Social Media Erupts As Jim Iyke Declares Rita Dominic Nollywood’s Most Beautiful”
-
latest2 years agoEdo Political Showdown: Oshiomhole Appears At Presidential Villa As Tinubu Hands APC Gubernatorial Flag To Okpebholo (Photos & Video)
-
entertainment2 years agoLove Knows No Age American Woman Defends Marriage To Young Nigerian Man “I’m Not 70”
-
latest2 years agoOlumide Akpata Strikes Again: Drops Killer Track, Sends Edo State Into Frenzy!(Video)
-
Politics2 years agoNigerians React As Pastor Adeboye Foresees Passing Away On A Sunday After Enjoying A Satisfying Meal Of Pounded Yam
-
latest2 years agoFG Identifies 31 States At Risk Of Heavy Flooding In 2024: See Full List
-
Politics2 years agoBREAKING: Inspector-General Of Police Summons Top Police Commanders For Crucial-Security Challenges
-
latest2 years ago5 NYSC Corpers Perish In Fatal Road Accident Returning From Camp