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Tag: Economy

Why naira-dollar can't be stable - Minister
Economy

Nigeria needs $100bn annual investment to achieve 2050 goals — Bagudu

Nigeria must attract at least $100 billion in investments annually to meet its ambition of becoming a middle-income country by 2050, according to Minister of Budget and National Planning, Atiku Bagudu. Bagudu made the remark at a one-day policy dialogue on Deepening Legislative-Executive Synergy for Effective Economic Governance in Nigeria, organised by the National Institute […]

Cut corporate tax to 7.5%, NACCIMA urges Tinubu
Opinion

Tinubu has stabilised Buhari’s poorly managed economy — SDP’s Adebayo

The Social Democratic Party presidential candidate in the 2023 elections, Adewole Adebayo, has said President Bola Tinubu has managed to stabilise Nigeria’s economy, which he described as poorly run under former President Muhammadu Buhari. Speaking on Channels Television’s Politics Today, Adebayo likened the economy Buhari left behind to “an emergency room patient,” saying Tinubu has […]

Economy

Tinubu’s reforms restoring foreign confidence in naira — Onanuga

The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has said that ongoing economic reforms are restoring foreign confidence in the Naira and positioning it as a viable international means of exchange. Onanuga, in a statement posted on his X (formerly Twitter) handle, described the development as salutary for the Nigerian […]

Opinion

Build economic growth on productivity not inflation, NESG tells FG

The Nigeria Economic Summit Group has called on the Federal Government to anchor its economic growth objectives on productivity and not inflation. Making this call in a report on the outcome of the Gross Domestic Product rebasing exercise recently concluded by the National Bureau of Statistics, NESG said: “The rebasing of Nigeria’s GDP is more […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
News

Nigeria’s money supply hits ₦114.22tn in March

Nigeria’s broad money supply surged to ₦114.22 trillion in March 2025, according to the latest data from the Central Bank of Nigeria, raising concerns about the effectiveness of the apex bank’s aggressive tightening measures. The March figure reflects a 24% year-on-year increase from ₦92.19 trillion in March 2024, and a 3.2% month-on-month rise from ₦110.71 […]

FG unveils plan to revamp cooperative sector, targets $1trn economy
News

FG unveils plan to revamp cooperative sector, targets $1trn economy

The Federal Government has launched a bold initiative aimed at revitalising Nigeria’s cooperative sector, with a long-term goal of positioning it as a key contributor to building a $1 trillion economy within the next decade. Speaking at the flag-off ceremony of a national training workshop for cooperative stakeholders in Enugu, Minister of State for Agriculture […]

Nigeria expecting $2.2bn loans from World Bank - Minister
News

Nigeria expecting $2.2bn loans from World Bank – Minister

The Federal Government is anticipating approximately $2.2 billion in single-digit interest loans from the World Bank, along with a budget support facility from the African Development Bank. This was revealed by Finance Minister Wale Edun during a press briefing at the conclusion of Nigeria’s participation in the World Bank/IMF Spring Meetings in Washington DC, USA, […]

90% of Nigeria's tax revenue comes from nine sources – Wale Edun
News

90% of Nigeria’s tax revenue comes from nine sources – Wale Edun

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has highlighted that approximately 90% of tax revenue flowing into the government treasury originates from just nine tax heads. Despite Nigeria having around 80 different taxes and levies, these nine sources significantly contribute to the Gross Domestic Product. Edun emphasized the government’s objective […]

Naira can't return to previous rate against dollar - Omokri
News

Naira can’t return to previous rate against dollar – Omokri

A former presidential aide, Reno Omokri, has revealed that the country is allocating $1.5 billion to defend the naira in an interview with TVC. Omokri who the television station invited to speak about the recent turbulence in Nigeria stated that the naira would not revert to its status of two or three years ago, and […]

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