Why President Tinubu S Economic Reform Is What Nigerians Need Youtube Afp via getty images. nigeria is currently navigating significant economic changes prompted by a series of bold reforms introduced by president bola ahmed tinubu. in response to nigeria’s. A a. economic reform being implemented by the administration of president bola tinubu is all encompassing, beyond the removal of fuel subsidy and the unification of the foreign exchange (fx.
President Tinubu Inaugurates National Economic Council Aims To Revive The national orientation agency (noa), has urged nigerians to support president bola tinubu administration’s policies and programmes to fast track sustainable social and economic development in the country. it also drummed support for the fg’s palliatives, to enable nigerians to access viable interventions under the scheme, to ease economic. Premium times believes in the need for a genuine and holistic reform of the nigerian economy, for it to deliver better value to the people. if nothing else, by lifting pressure at the expenditure. Between 2005 and 2021, nigeria spent over n13 trillion on fuel subsidy payments. in 2022 alone, it gulped 40 percent of the country’s revenue. “subsidy can no longer justify its ever increasing costs in the wake of drying resources,” tinubu announced in what was a surprise move to citizens watching the inauguration from across the country. Bola tinubu, nigeria’s new president, started off with a bang. in removing a costly fuel subsidy and in shifting towards a market driven exchange rate, which has sharply weakened a previously.
10 Things President Tinubu Should Do To Improve Nigeria S Economy Between 2005 and 2021, nigeria spent over n13 trillion on fuel subsidy payments. in 2022 alone, it gulped 40 percent of the country’s revenue. “subsidy can no longer justify its ever increasing costs in the wake of drying resources,” tinubu announced in what was a surprise move to citizens watching the inauguration from across the country. Bola tinubu, nigeria’s new president, started off with a bang. in removing a costly fuel subsidy and in shifting towards a market driven exchange rate, which has sharply weakened a previously. State of economy under tinubu presidency. president bola tinubu’s assumption of office on may 29, 2023, came at a critical juncture in nigeria’s history, characterised by many challenges. his. Analysing. economic policies. tinubu. president bola tinubu inaugural speech on may 29, 2023, gave a clear indication of this administration’s intent on rejigging the business climate of the country. six out of the seven takeaways from the president’s speech bordered on business. first, tinubu reaffirmed that the era of fuel subsidy was gone.
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