₦airaland Forum

Nov 14 (Reuters) - S&P Global Ratings revised its outlook on Nigeria to "POSITIVE" from "stable" on Friday, backing the country's ongoing economic reforms, and also affirmed the country's rating at "B-/B".

"The monetary, economic, and fiscal reforms being implemented by Nigerian authorities will yield positive benefits over the medium term," S&P said in a statement.

In May, Moody's upgraded Nigeria's rating by one notch to "B3" from "Caa1", citing notable improvements in the country's external and fiscal positions, while Fitch last month kept its "B" rating and "stable" outlook.

In 2023, President Bola Tinubu launched Nigeria's boldest reforms in decades, scrapping the costly petrol subsidy and removing currency trading restrictions to spur growth and attract foreign investment.

Analysts said that, if sustained, these reforms could support long-term economic expansion, though implementation hurdles and global oil price volatility still pose risks.

To bridge fiscal gaps, Nigeria has turned to debt markets. Last week, the country raised $2.35 billion through a Eurobond issuance to help finance its 2025 budget deficit, while continuing to borrow domestically.

Kingpele:
Tinubu reforms are not working, we refuse to chop statistics

Kemetian:
This is why I keep telling you people to relax. Stop heating up the polity unnecessarily.

The Jagaban will get us there.... The man is a technocrat of the first order.

He's highly intelligent. Even Trump is scared of him.

Kemetian:
This is why I keep telling you people to relax. Stop heating up the polity unnecessarily.

The Jagaban will get us there.... The man is a technocrat of the first order.

He's highly intelligent. Even Trump is scared of him.

Lanrelagboi:
Lagos has now crossed the 3 Trillion Naira annual budget mark. Crossed 2 Trillion in 2024.

Memory Lane: the first full-year Lagos State budget (Year 2000) in the 4th Republic was in the region of 40-something billion Naira. And it was described as “unprecedented” back then.


https://x.com/toluogunlesi/status/1877326708904181856?t=R_xycXnffVtjtiWwoGCzAQ&s=19[/quote]>>;
>>>>


https://www.youtube.com/watch?v=g5v-F81hNTs

jmoore:
Intelligent by proposing to employ 50 million Nigerian youth to join army and produce agbado for themselves.

Always looking for validation from colonial masters, same people you detest.

Kemetian:
Source, please.

That's news to me, particularly the 50 million figure.

Kemetian:
Source, please. That's news to me, particularly the 50 million figure.



For goodness sake, Mr President is receiving praise and encouragement from both within and outside the country, not just from outside.

Are the Manufacturers' Association of Nigeria also 'colonial masters'?


Tax breaks drive 3.1% manufacturing growth projection — MAN
14th November 2025

Punch


The Manufacturers Association of Nigeria has projected that the country’s manufacturing output will grow by 3.1 per cent in 2026, driven by new tax incentives, harmonisation of levies expected under the new tax regime taking effect in January 2026 and increased government patronage.

According to the Manufacturers’ CEOs Confidence Index released in October by the association, the projected 3.1 per cent output growth compared to the 1.6 per cent growth recorded in the second quarter of 2025 will raise the manufacturing sector’s contribution to real Gross Domestic Product to 10.2 per cent next year.

The Director of the Research and Economic Policy Division, MAN, Dr Oluwasegun Osidipe, said the anticipated improvement would depend on the effective execution of incentives in the new tax laws, the implementation of the National Single Window Project, and the alignment of the Nigeria Industrial Policy with the Nigeria First policy framework.

Osidipe explained that manufacturers had struggled under multiple taxation, which hindered growth in recent years, stating, “You could not move your goods through the 774 local governments without paying. I’m just using that as an example for time’s sake. Without paying for something, whether it’s for loading or offloading goods. But under the new tax law, the majority of those taxes are gone.”

https://punchng.com/tax-breaks-drive-3-1-manufacturing-growth-projection-man/

bewla:
Many won't say now

Rice na 56 you no talk but when it was 90 you talk

Dollars na 1441

Before by December it will be 2000
You no talk

Beans is 800 for cup now I don't see gather here how much is cup in your area


All una. Bad belle
Bad news Carrie
And pull them down people

Obinos dreamer
God pass una

Tell bureau de chang
And your marketers

We are coming for them will choke them up

thisweekng:
The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.

He made this statement during his maiden press conference as Minister of Finance where he outlined President Bola Tinubu’s vision, agenda and strategy for the economy.

He said, “I think as we all know, we are not where we should be. The economy is barely growing above the rate of population growth.

“But it was not always so, and I think in trying to look at the way forward, if we now have a situation of slow growth, double-digit inflation, weak/depreciating exchange rate, as well as security concerns that are resulting in an economy that is not growing and not taking Nigerians out of poverty.

“If we think back to the last time when the economy was stable- when it was growing, when inflation was low, and the interest rate was affordable, that period was about a decade ago. Growth was about 6% in 2013 and 2014.”
Private sector to drive the economy

https://nairametrics.com/2023/09/01/the-last-time-nigerias-economy-was-stable-was-about-a-decade-ago-wale-edun/

Buhari’ll reduce petrol to N40/L —David-West

FORMER Minister of Petroleum and Energy, Prof. Tamunoemi David-West, said that Nigerians should expect sharp drop in petrol price from the current N87 to about N40 per litre, saying, “the president-elect, Gen. Mohammed Buhari, will reduce the fuel pump price to N40 per litre.”

https://www.vanguardngr.com/2015/04/buharill-reduce-petrol-to-n40l-david-west/

Kemetian:
This is why I keep telling you people to relax. Stop heating up the polity unnecessarily.

The Jagaban will get us there.... The man is a technocrat of the first order.

He's highly intelligent. Even Trump is scared of him.

bewla:
Many won't say now

Rice na 56 you no talk but when it was 90 you talk

Dollars na 1441

Before by December it will be 2000
You no talk

Beans is 800 for cup now I don't see gather here how much is cup in your area


All una. Bad belle
Bad news Carrie
And pull them down people


Obinos dreamer
God pass una

Tell bureau de chang
And your marketers

We are coming for them will choke them up

ALTERNATEID:
This is what enemies of Nigeria want to derail.

They are just not happy with the progress we are making as a country.

anonimi:
World Bank offers Nigeria forex rate advice, as Tinubu eyes N200/Dollar rate

April 23, 2023

The President-elect said he would work with the Central Bank of Nigeria (CBN) to *bring down the exchange rate to N200 in his first term.*

“My administration will collaborate with the Central Bank to harmonize the fiscal and monetary policy to achieve immediate stabilization of the value of the naira against the US dollars and other currencies and in the short term, strengthen the naira by boosting the supply of foreign currency and moderating demand.

“The short-term goal is to achieve a naira/dollar rate of 300 naira/US$ and gradually achieve a less than 200 naira rate over the next four years, Tinubu stated.

https://www.ripplesnigeria.com/world-bank-offers-nigeria-forex-rate-advice-as-tinubu-eyes-n200-dollar-rate/?amp
>>>
>>>

Muhammadu Buhari, presidential candidate of the All Progressives Congress (APC), has promised to ensure that the naira would be equal to the dollar in value if voted into office.

NAN reports that Buhari said this on Monday during the south-east presidential rally of the party at Dan Anyiam Stadium, Owerri.

“It is sad that the value of the naira has dropped to more than N230 to one dollar. This does not speak well for the nation’s economy,” he said.

He urged the people to vote for APC, noting that he would ensure that corruption was tackled headlong if elected.

https://www.thecable.ng/ill-make-naira-equal-dollar-says-buhari/amp

BarrElChapo:
These things are just economic jargons being thrown around, we have the worse borrowing problem still independence and it’s not stopping anytime soon,

infact the next five years if it’s the same government will be worse and the economic livelihoods have been ruined,

bewla:
I always book two sport on front page

one for comment and
One for abuse
Throw stone I throw bomb

bewla:
Many won't say now

Rice na 56 you no talk but when it was 90 you talk

Dollars na 1441

Before by December it will be 2000
You no talk

Beans is 800 for cup now I don't see gather here how much is cup in your area


All una. Bad belle
Bad news Carrie
And pull them down people


Obinos dreamer
God pass una

Tell bureau de chang
And your marketers

We are coming for them will choke them up

Kemetian:
This is why I keep telling you people to relax. Stop heating up the polity unnecessarily.

The Jagaban will get us there.... The man is a technocrat of the first order.

He's highly intelligent. Even Trump is scared of him.

Kemetian:
You speak for yourself alone.

I know people now working in good jobs because of the growth in construction and infrastructure projects across the nation, and they are even looking for qualified staff.

If you have something to offer, there is something for you in this economy. If you have nothing to offer, go and upskill yourself and offer a service. Money dey to pay you.