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Tinubu’s Reforms Laid Strong Foundation For Stability — Energy Economists Declare.
The Nigerian Association for Energy Economics (NAEE) has applauded President Bola Ahmed Tinubu’s macroeconomic policies, describing them as forward-thinking and capable of driving long-term economic stability. However, the association emphasized the need for deliberate measures to cushion the impact of ongoing reforms on vulnerable Nigerians.....KINDLY READ THE FULL STORY HERE▶
According to Nivo News, former NAEE President, Professor Adeola Adenikinju, made this known during the 18th NAEE/International Association for Energy Economics (IAEE) Annual International Conference held in Abuja on Monday. He noted that the Tinubu administration’s economic strategies have built a strong foundation for macroeconomic balance, while stressing that inclusivity must not be overlooked.
“In terms of macro policies and macro stability, the government is doing fantastically well,” Adenikinju stated in his keynote address. “But in this kind of reform, there is a need to identify and protect the vulnerable groups, as the market alone cannot address their needs.”
He further aligned his remarks with the positions of global financial institutions such as the World Bank and the International Monetary Fund (IMF), both of which have acknowledged Nigeria’s macroeconomic reforms as having long-term potential for growth.
Offering policy recommendations, Adenikinju urged the government to ensure affordable access to electricity through the promotion of solar energy and to remove barriers hindering the availability and distribution of domestic gas, especially Liquefied Petroleum Gas (LPG).
Meanwhile, the Secretary-General of the African Petroleum Producers Association (APPO), Dr. Omar Faruk, highlighted that the International Energy Agency (IEA) had recently admitted that the complete phase-out of fossil fuels remains unrealistic, with renewable energy yet to reach the expected level of viability.
Faruk said this recognition validates APPO’s long-standing position that Africa’s energy transition should be pragmatic and aligned with its economic realities, emphasizing that fossil fuels still play a vital role in the continent’s development.
Speaking further, Faruk cautioned that Africa must take ownership of its energy production—both renewable and conventional—if it hopes to avoid dependence on foreign technologies. “Before transitioning to new systems, we must first master what we currently have,” he said. “At the moment, Africa remains energy insecure, with fragile power systems and limited control over existing technologies.”
The conference, themed “Emerging Geopolitics of the Energy Landscape – Navigating Global Shifts and Their Impacts on Developing Economies,” brought together policymakers, academics, and industry experts to deliberate on sustainable approaches for navigating global energy transformations.
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“Explosive Allegation As American Lawmaker Accuses Matawalle Of Bribery Attempt”.
A member of the United States Democratic Party in the Florida House of Representatives, Kimberly Daniels, has alleged that Nigeria’s Minister of State for Defence, Bello Matawalle, was involved in a bribery attempt.....KINDLY READ THE FULL STORY HERE▶
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“ADC Ex-Chairman Nwosu Speaks On Hotly Contested Presidential Ticket Zoning”.
The founder and pioneer National Chairman of the African Democratic Congress (ADC), Ralph Nwosu, has said the party has not yet reached a final decision on zoning its presidential ticket ahead of the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶
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“2027: Kwankwaso Makes Double Appeal To Nigerians Ahead Of Elections”.
Former presidential candidate of the New Nigeria Peoples Party (NNPP), Rabiu Kwankwaso, has called on Nigerians both within the country and in the diaspora to actively participate in the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶
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