Oyedele: Cash Transfers Reach Over 10m Households
By Oluwakemi Kindness Finance Minister Taiwo Oyedele says Nigeria’s cash transfer programme has reached more than 10 million households. Oyedele disclosed this on Wednesday at the Africa’s Golden Future Forum in Bangkok, Thailand, while highlighting measures to protect vulnerable Nigerians from the effects of economic reforms. He said more than 1.5 million students have also […]
Fitch Revises Nigeria’s Outlook to Positive on Reforms
By Oluwakemi Kindness Fitch Ratings has revised Nigeria’s credit outlook to Positive from Stable, citing stronger foreign reserves, moderating inflation and sustained economic reforms. The agency retained Nigeria’s long-term credit rating at ‘B’, saying further improvements will depend on continued progress. The Federal Ministry of Finance announced the decision in a statement signed by Minister […]
Oyedele Says Poverty Reduction Remains ‘Unfinished Business’
By Oluwakemi Kindness The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has acknowledged that poverty reduction and improved household welfare remain “unfinished business” for the Federal Government despite what he describes as significant gains from its economic reforms. Oyedele made the remarks on Wednesday while presenting the government’s economic scorecard, where […]
Zambia Election Tests Hichilema’s Economic Reforms
By Oluwakemi Kindness Zambians will vote on Wednesday in a general election widely seen as a test of whether years of economic reforms have improved everyday life. About 8.79 million voters are registered for the election, according to the Electoral Commission of Zambia. Fourteen candidates are contesting the presidency. President Hakainde Hichilema, of the governing […]
Tinubu: Reforms Saved Nigeria’s Economy from Bankruptcy
By Oluwakemi Kindness President Bola Tinubu says his administration’s reforms rescued Nigeria’s economy from bankruptcy and placed the country on a path to prosperity. The President made the remarks on Tuesday at the State House, Abuja, while receiving the leadership of the Catholic Bishops’ Conference of Nigeria (CBCN), led by its President, Most Rev. Matthew […]
FG Denies Plans for New Telecoms, Fuel Taxes
By Oluwakemi Kindness The Federal Government has dismissed reports claiming it has introduced or is considering new taxes on telecommunications services and petroleum products, describing the claims as a misrepresentation of recommendations contained in the International Monetary Fund (IMF) Article IV Consultation Report on Nigeria. In a statement issued on Tuesday, the Federal Ministry of […]
FG Welcomes IMF Backing for Reform Agenda
By Oluwakemi Kindness The Federal Government has expressed satisfaction with the International Monetary Fund’s (IMF) latest assessment of Nigeria’s economy, describing it as an independent validation of the economic reforms implemented under President Bola Tinubu’s administration. In a statement issued on Tuesday, Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, says the […]
Nigeria Rejects IMF Bailout, Backs Homegrown Reforms – Edun
By Oluwakemi Kindness Nigeria has ruled out seeking financial support from the International Monetary Fund IMF, expressing growing confidence in its homegrown economic reforms. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made this known while addressing African finance ministers on the sidelines of the IMF/World Bank Meetings in Washington. A […]