₦airaland Forum

The Financial Times of London (FT) has stated that although President Bola Tinubu moved quickly to raise expectations after taking over the reins of government, there are signs of things going awry in the Nigerian economy four months down the line.

It stated that while the President started off with a bang by removing fuel subsidy and floating the Naira, Nigeria’s economic reforms now need to regain momentum. This was the crux of FT’s editorial published days ago, which also noted that following the June signal that banks could bid freely for foreign currency, the Naira depreciated nearly 30 per cent, pushing inflation to an 18-year high of nearly 26 per cent.

“In removing a costly fuel subsidy and in shifting towards a market-driven exchange rate, which has sharply weakened a previously overvalued currency, he has gone some way towards persuading investors he is serious about reform. But four months into his presidency, there are signs of things going awry,” it said.

Prime Business Africa recalls that Tinubu had in his inauguration speech on May 29, declared that oil subsidy is gone. This is as the preceding government of Muhammadu Buhari spent $10 billion in 2022 alone to make the pump price of petrol affordable to Nigerians.

The Financial Times lauded Tinubu’s removal of fuel subsidy which according…

https://www.primebusiness.africa/financial-times-sees-signs-of-economy-going-bad-under-tinubu-advocates-momentum/

General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has advised those thinking he will be joining his Maker anytime soon to perish such thought. This was as he emphasized that “I am not going anywhere yet! Not yet!”.

Prime Business Africa reports that the revered cleric stated this last night during the October Holy Ghost Service at the RCCG Campground. He noted that people were anxious to know what would become of the Church upon his transition into glory.

Read more: https://www.primebusiness.africa/pastor-adeboye-speaks-on-his-successor-at-rccg/

The Emi lokan philosophy which fueled and animated the presidential run of then Candidate Bola Ahmed Tinubu in this year’s general election has been found to be quite operational in the local politics of Enugu State.

Prime Business Africa recalls that Tinubu had, in a vent of frustration over the seeming lack of support his political ambition was getting from then President Buhari and reported opposition by key members of the Presidency, made his now famous “Emi lo kan (It is my turn)” speech.

While addressing party delegates at the Presidential Lodge in Abeokuta, Ogun State June 2, 2022, he insisted that “it is the turn of Yoruba, it is my turn” and went on to narrate how Buhari lost presidential elections repeatedly until he (Tinubu) helped him to win in 2015.

Read more: https://www.primebusiness.africa/tinubus-emi-lokan-spotted-in-enugu-politics/

This clean Nigerian used Camry muscle is for sale.

Location: Ojota, Lagos

Serious buyers can call 08068967686

This clean Nigerian used Camry muscle is for sale.

Location: Ojota, Lagos

Serious buyers can call 08068967686