Deji17's Posts
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Chucks13:Saraki nko? |
kossyablaze:What is his surname? You blurred what you posted deliberately. Manipulation runs in your DNA. |
What is wrong in a Pastor praying for blessings on those who attended church? And for the prosecution of Yahya Bello, obviously those posting this as an unfulfilled promise are illiterates who do not know the meaning of prosecute. |
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Alaigbo:Those children of hate must continue to cry till eternity. They are irredimable. |
Nigeria's economy grows strongly amid high inflation, World Bank says By Elisha Bala-Gbogbo May 12, 2025 Abuja, Nigeria, May 10, 2025. REUTERS/Sodiq Adelakun ABUJA, May 12 (Reuters) - Nigeria's economy recorded its fastest growth in about a decade in 2024, driven by a strong fourth quarter and an improved fiscal position, the World Bank said on Monday, but warned that persistently high inflation remains a challenge. Bold reforms implemented by President Bola Tinubu, including ending costly petrol subsidies, slashing electricity allowances and twice devaluing the naira currency, have added to upward pressure on prices. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. 'What I really love about this event because it brings us as Africans together to recognize The World Bank's lead economist for Nigeria, Alex Sienaert, said during a presentation in the capital Abuja that the economy grew by 4.6% year-on-year in the fourth quarter of 2024, and pointed to continued expansion in early 2025 based on high-frequency business indicators. The World Bank expects Nigeria's economy to grow 3.6% this year. Nigeria's foreign exchange reforms have created a market-reflective, unified and stable exchange rate, allowing the central bank to rebuild official reserves, now exceeding $37 billion, Sienaert said. "That's significant because this is the cushion the economy has against external volatility," he said. Sienaert said government revenue rose by 4.5% of GDP last year, a "remarkable achievement" driven by the removal of foreign exchange subsidies, improved tax administration and higher remittances. The higher revenue helped cut the fiscal deficit to an estimated 3% of GDP in 2024, from 5.4% in 2023. But the full revenue gain from the removal of the fuel subsidy is also yet to fully materialise, Sienaert said. However, Nigeria continues to grapple with high inflation, and Sienaert cautioned that tight monetary policy and disciplined fiscal policy must be sustained. Reporting by Elisha Bala-Gbogbo; Editing by Kirsten Donovan https://www.reuters.com/world/africa/nigerias-economy-grows-strongly-amid-high-inflation-world-bank-says-2025-05-12/
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naptu2:This woman will never change. One of the very first content creator that inspired people like Mike Angel, Sabinus etc. She gave the early comedians like Ali Baba a run for their money.. Mama Peace of Africa! |
Great100000:Nay sayers and those who are mad because their favourite lost Lagos State and Nigeria election will not agree. But for the progressives, we thank God. Forward ever, backward never. |
Na where person dey work, na there he dey shop. Na why dem call am "Workshop". Nigeria politics na olosho work. It's plug and play. If Bianca Ojukwu were not to be a Minister in this Govt, I'm certain she will be among the people complaining about high cost of living, marginalisation and bad governance. It is human nature to do these things, but discerning minds must be able to see through the rhetorics / shenanigans of politicians and their hirelings. Just like some people will never see anything good that the govt is doing, you also have some hallelujah boys that will always sing the praises of Govt. Blessed are those who are unbiased and do not belong to the two groups but are neutral. |
And we keep complaining that we don't have forex. If you want to go on vacation and call it pilgrimage, then go, but not at the expense of tax payers, some of whom might not even share the same faith as you. One day, a govt will come that will correct all these anomaly. NB: This is one of the reason why everybody must buy dollar at N1,600 naira. It may not be the politically correct thing to do, but a responsible govt must grow the balls to do the right thing for the future of the country. |
Nobody will trust PDP to remove subsidy then. Our oil revenue was at all time high then, our savings was getting depleted and more loans are been added with zero investment in infrastructure, while PDP goons were busy sharing the money, some of whom are crying till today because they have the feeding bottle (Nigerian treasury) yanked off their rotten mouth. Criminals! |
Which kind party is this one? Suspending your only elected officials. Now , you are pushing them to APC. |
Yoruba brain 🧠 power! |
They come to Lagos to kill us. God please separate us from these animals. |
OLAADEGBU:I don't believe this guy He has been involved in too many controversies |
This is why many honest people may not want to serve Nigeria. People view others from their own corrupt lense. It does not matter whether you steal or not, you are automatically labelled a thief. |
No peace for the wicked. May they continue to be exposed, arrested and disgraced. |
EFCC should appeal the judgement up to supreme Court |
[quote author=TouchNfollow post=135175303] man dilemma. |
Nice. |
Baba werey! |
From Production to consumption. This is the direction a healthy economy should be taking |
The matter is on court. He can't be the prosecutor and the jury in his own case. |
Things should get more interesting |
InfoGuru118:The headless mob, it's exactly like a cult. |
What is wrong with this generation? Any small thing, they start to destroy public properties. The same public infrastructure that we are complaining we don't have enough of. Like the saying, when you are in a hole, you stop digging. This saying does not apply to the lazy, damaged Nigerian youth. |
They should keep the guy in Finnish Prison. Nigeria can save the money for his food etc. |
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