₦airaland Forum

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has detailed the federal government’s ambitious plan to rejuvenate the economy while prioritising the welfare of its citizens.

Edun, at a recent television interview, underscored the government’s commitment to food security, aiming to make nutritious food affordable and accessible to all Nigerians. He revealed that the administration is not only drawing from food reserves but also facilitating imports to lower food prices.

According to him, this proactive approach, supported by the President’s commitment, is designed to make food more accessible and reduce living costs.

The minister explained that the government’s food production initiatives are pivotal in combating inflation.

“When inflation comes down, the exchange rate will stabilise. Interest rates will come down and the economy will have a chance. People will have a chance at reasonable rates to invest in various sectors of the economy, increase productivity, grow the economy and create jobs which is the key to reducing poverty,” he said.

“As food prices decrease, inflation is expected to drop, which will stabilise the exchange rate and lower interest rates. This environment will encourage investments, boost productivity, and create jobs—essential steps in reducing poverty” he said.

Edun also highlighted significant funding measures aimed at supporting businesses of all sizes. A notable initiative includes an $800 million loan from the World Bank’s International Development Association (IDA), offering a 40-year term at a mere 1 percent interest rate. This soft loan, coupled with additional federal budget allocations, represents the most affordable form of financing available.

For enterprises, the government has introduced a range of financial support schemes. Nano enterprises are eligible for grants of N50,000, while small and medium-sized businesses can access up to N1 million at a 9 percent annual interest rate. Larger medium-sized enterprises can secure up to N1 billion under similar terms. Additionally, import waivers and fiscal measures, such as the elimination of withholding taxes for the manufacturing sector and small businesses, are being implemented to lower operational costs.

https://thesun.ng/fg-unveils-comprehensive-strategy-for-economic-growth-citizens-welfare/

Imagine Bayo Onanuga, a diminished notorious tribal bigot, telling Atiku Abubakar, a former vice president, not to diminish himself.

Truly, Tinubu-paid agents, BATerians, are the worst set of homosapiens to have ever emerged on the surface of this earth.

Massiveglory:
Tinubu's major problem is not the north. Tinubu's major disaster is that he is hated in the south.

Absolutely

festacman:
Atiku is talking like an incoming President.

It shall never be well with those who worked, supported and encouraged this calamitous Tinubu regime to power

We haven't forgotten that infamous statement Tinubu made, "Where are the cows?" when some killer herdsmen  ravaged his region just because he wants to be president.

That's the legacies left behind by the notorious narcotics drug trafficker engaging in criminal state capture

ubest1:
PBAT western boys will finish him kpata-kpata before 2027 imagine the comparison OBJ then controlled the entire south

Honestly

Imagine comparing Tinubu with Obasanjo

With the way it is going it's going to be a taboo to campaign for APC come 2027

With the way it is going, it's going to be a taboo to mention APC in the north come 2027

CodeTemplar:
Buhari did the bulk of the damage and Tinubu yielded to traps instead of out maneuvering them with production. He was busy playing chess with interest rates and policies of bold declaration. Wonder why the clown didn't deliver the floating of Naira in person like the removal of petrol subsidy?

His focus is how to retain power in 2027 despite the glaring calamity on ground. Awarding contracts to cronies at mad rates and churning out steady propaganda.
That man is a content creator at best and should be rubbing shoulders with Sabinus and Mark Angel.

Subsidy is gone! Who made that thoughtless statement on his swearing in podium?

EmiloCorn:
No no you made a mistake. It is buharis calamitous economic policies that destroyed nigeria and not tinubu

Was Buhari the one that removed subsidy and floated the naira

Tinubu calamitous economic policies destroyed Nigeria not Buhari

Mbanda:
You don turn peacemaker because a northerner sneezed

DevilsEqual:
I'm surprised it took u this long to come to terms with it

We've known this since last year that he isnt leaving that seat till 2031

God Bless PBAT

Tinubu has the right to seek another term of four years, no doubt, but he has to do himself a favour and do this country a greater favour not to seek another term after the end of this current term. 

He has failed woefully.

Depriest2020:
Day dreaming. Tinubu must complete his term in office, and seek another if Nigerians ask him to.

Which term? 4yrs or 8yrs

blamingthedevil:
Are you blind, deaf or dumb?

God Bless President Bola Tinubu
Good Bless Federal Republic of Nigeria .

Just one year:


1. Students Loans ✓
2. Consumer Credit ✓
3. Stable Power Supply ✓
4. Increase in Minimum Wage ✓
5. 70% Increase in Revenue ✓
6. Local Government Autonomy ✓
7. Free Fertilizers to Farmers ✓
8. Subsidy Removal on PMS✓
9. Forex Deregulation ✓
10. Partial Subsidy Removal on Electricity ✓
11. 330 Roads completed ✓
12. Port Harcourt Aba Railway completed and functioning ✓
13. Infrastructure Renewal in FCT✓
14. Third Mainland Bridge Renewal ✓
15. Lagos Calabar Coastal Highway ✓
16. Sokoto Badagry Highway ✓
17. New Aba Hospital ✓
18. Onitsha Enugu expressway ✓
19. Abuja- Keffi - Markudi Expressway completed ✓
20 Kaduna -Kano Railway ongoing ✓
21. Grants to nano businesses ✓
22. National Youth Fund✓
23. Ongoing Infrastructure development all over the country




Should I continue?

E pa te wo fun Tinubu

You didn't add distribution of rice

Shame on you

Citizens are now expected to fill out forms and documents just to be able to get the FG #40,000 bag of rice. 

Smh!

To be honest, Tinubu paraded the worst cabinet members in the history of this nation. 

I am not sure there is any Nigerian president in the history of this country whose cabinet members are as incompetent and clueless as those working with Tinubu. No wonder the Tinubu regime is reputed to be the worst regime in the history of this nation. 

And the irony of it all is that his paid agents, BATerians, did tell us that Tinubu will assembled eggheads and best brains.

Zonefree:
Remove South East from anything concerning protest.

They will not hear

EreluRoz:
It's getting scarier. This is not good, let the president do something fast.

He has done that already in the last broadcast he made, where he merely massaged his ego by regaling us with the same calamitous economic policies that have brought us to this sorry state we have found ourselves in.

Good morning Mr otumba,

Jokay07:
President should resign bcuz some set of people are protesting?
Oga, go warm ebay chop

But the Bangladesh prime minister resigned simply because people were protesting. 

https://www.nairaland.com/8175912/bangladesh-pm-hasina-resigns-flees

LagosPrince:
Lobatan

Tinubu should do us all a favour and resign . He's worse than buhari .

He's incompetent

That is the honourable thing to do, but unfortunately Tinubu lacks honour.

Thunder 🔥 Tinubu