Nigerian Singer Madrina Speaks on Economic Crisis and Fuel Subsidy Removal Nigerian singer Cynthia Morgan, now known as Madrina, has voiced her concerns over the worsening economic crisis in Nigeria. In a recent TikTok video, she urged President Bola Ahmed Tinubu to take urgent steps to mitigate the hardship caused by the removal of the fuel subsidy. Madrina admitted she initially supported the subsidy removal policy, believing it was a necessary step for economic progress. However, she now acknowledges that Nigeria lacks the structural framework to sustain a complete removal, leading to inflation, rising petrol prices, and increased cost of living. Economic Impact of Fuel Subsidy Removal In her video statement, Madrina highlighted key financial concerns: Madrina emphasized that Nigeria is not yet ready for 100% subsidy removal, as rising hunger and crime rates indicate severe financial strain among citizens. A Call for Government Action The singer appealed to President Tinubu’s administration to consider reinstating at least 50% of the fuel subsidy, acknowledging that while subsidy removal could be beneficial in the long run, the country is currently ill-prepared for its full implementation. Madrina discouraged public outrage or protests, instead advocating for a “begging challenge”—a collective plea to the government to reassess its economic policies and introduce relief measures for struggling Nigerians. Historical Context of Nigeria’s Fuel Subsidy The subsidy system, first introduced under former President Olusegun Obasanjo, has been a contentious economic issue for decades. While President Tinubu aims to redirect subsidy funds into national development, critics argue that lack of proper economic structures makes immediate subsidy removal unsustainable. For further insights on Nigeria’s economic policies and fuel subsidy history, refer to this report by the World Bank. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
The New Partnership for Africa’s Development Business Group Nigeria (NBGN) has embarked on a strategic rebranding initiative aimed at accelerating Nigeria’s economic development and fostering sustainable business growth. NBGN’s Renewed Commitment to Economic Development In a statement released to Vanguard, Bashorun Randle, Chairman of NBGN, highlighted the organization’s longstanding role in promoting economic advancement, regional integration, and sustainable growth in Africa. Over the years, NBGN has been instrumental in driving public-private partnerships and supporting Nigeria’s economic revitalization efforts. According to Randle, the rebranding is set to transform NBGN into a leading force in shaping economic policies, enhancing business growth, and fostering a sustainable economic landscape in Nigeria. He emphasized the organization’s commitment to engaging key stakeholders, including government bodies, private sector leaders, and development partners, to achieve these objectives. Key Areas of Focus in NBGN’s Strategic Rebranding The repositioning strategy will prioritize trade, investment, and industrial development, ensuring an enabling environment for businesses. Randle further explained that NBGN aims to collaborate closely with government agencies, private enterprises, and international partners to facilitate economic growth and policy development. Additionally, the organization will enhance direct engagement with major policymakers, including the Central Bank of Nigeria and the Ministry of Finance, to present structured policy recommendations aligned with Nigeria’s broader economic agenda. Call for Stakeholder Collaboration Randle urged all stakeholders—including government institutions, private enterprises, and the media—to actively support this vision. He reaffirmed that a unified effort can propel Nigeria’s economy forward, creating a more prosperous nation and contributing to Africa’s economic transformation. For more insights on economic development strategies, visit The World Bank READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Channel
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The Central Bank of Nigeria (CBN) has officially appointed 16 new directors to oversee critical departments, effective March 3. This strategic move aims to enhance the bank’s regulatory, supervisory, and policy-driven functions, ensuring improved efficiency in the nation’s financial system. CBN’s Newly Appointed Directors and Their Departments The newly appointed directors and their respective departments include: In the financial sector, the following individuals have been appointed: Further appointments include: Additionally, the following directors have been appointed to regulatory and operational divisions: Enhancing Operational Efficiency in the Financial Sector These appointments are part of CBN’s ongoing efforts to reinforce its operational structure and regulatory oversight. The newly appointed directors will play a key role in driving Nigeria’s financial policies, ensuring stability, and fostering economic growth. For more details on CBN’s latest reforms, visit the official CBN website. Official CBN website READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Channel
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Telecom Employees Union Criticizes 50% Telecom Tariff Increase The National Union of Postal and Telecommunication Employees (NUPTE) has strongly condemned the recent 50% hike in telecom tariffs, expressing concerns over its negative impact on Nigerian students and the broader economy. In an official statement, NUPTE President, Comrade Buba Nehemiah, labeled the tariff increase as harmful to national development and detrimental to the livelihoods of millions of Nigerians. The statement highlights: “This excessive increase not only places an unreasonable burden on Nigerians but also threatens the accessibility and affordability of essential telecommunications services, which are vital for communication, work, and economic activities in daily life.” NUPTE, joining the Nigerian Labour Congress (NLC) in opposition, emphasized that this hike will worsen the struggles faced by Nigerians already grappling with rising living costs. “As a Union representing workers in the Postal/Courier and Telecommunications Sectors in Nigeria, we believe this punitive tariff increase undermines the socio-economic well-being of citizens, especially the working-class individuals who rely on affordable telecom services for communication, education, and business,” the statement continued. The tariff hike will particularly burden Nigerians in rural areas, where telecom services are often the only means of connection. NUPTE is calling on the Federal Government to urgently reconsider this decision and engage with key stakeholders—including consumer groups, labor unions, civil society organizations, and telecom operators—to find a more balanced and sustainable solution to telecom tariffs. “The Federal Government must act swiftly to protect the interests of all Nigerians and reverse this tariff hike, which could harm national development and the welfare of our people,” the statement urged. NUPTE reaffirmed its commitment to defending the rights and well-being of workers in the Postal, Courier, and Telecommunications sectors, ensuring that the voices of the Nigerian people are heard and respected in matters that impact their daily lives. RAED ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
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Central banks play a pivotal role in stabilizing a nation’s currency and economy through the implementation of monetary policies. However, their actions are often misunderstood, especially during times of economic challenges. According to PwC, it is crucial for central banks to communicate their objectives clearly and effectively to foster a proper understanding and positive public perception. This becomes even more important during economic stress periods. The Central Bank of Nigeria (CBN) has been proactively working on various policy options aimed at reviving the economy, despite significant challenges. When the current CBN leadership, under Governor Olayemi Cardoso, assumed office, it inherited an economy grappling with a failed naira redesign policy, rising inflation, and a volatile exchange rate. During his Senate screening, Cardoso acknowledged these issues but expressed optimism in the bank’s ability to implement policies that would stabilize the economy and improve public perception of the CBN. Governor Cardoso, a seasoned banker and public policy expert with a Master’s in Public Administration from Harvard Kennedy School, has a rich background in the financial sector. Prior to his appointment, he served as the Chairman of Citi Bank Nigeria and Commissioner for Economic Planning and Budget in Lagos State. Upon taking office, Cardoso was quick to refocus the CBN’s operations, aiming to minimize inefficiencies and enhance its core functions. This included returning to traditional monetary policy tools and separating the blurred lines between monetary and fiscal policies. Under Cardoso’s leadership, the CBN has centered its efforts on its primary responsibilities—setting interest rates, controlling money supply to achieve stability, formulating monetary policy, managing foreign reserves, and advising the government. One key policy carried forward from the previous administration is the unified and free-floating exchange rate regime. While this approach was supported by the World Bank, some experts warned of potential currency crises, especially as the naira depreciated to N945/USD after its implementation. The free-floating exchange rate offers several advantages, such as attracting foreign investments and allowing the currency to adjust naturally to economic changes. However, it also comes with risks, including volatility, speculation, and the possibility of worsening economic conditions in a struggling economy. Exchange rate management is a critical factor in determining trade flows and the overall health of the economy, with imports and exports playing a significant role. Currency speculation poses a serious challenge to the economy, as it is not backed by any real economic activity but driven by the motive to profit from currency fluctuations. Speculators often destabilize the currency by buying when prices are expected to rise or selling when the currency weakens. To combat this, the CBN has introduced several creative policy measures. For example, the Bank has used dollar injections into the foreign exchange market to stabilize the naira and launched the Price Verification System (PVS) portal for importers and exporters. Additionally, the CBN has directed Bureaux de Change (BDC) to align their exchange rates with those in the Importers and Exporters (I&E) Window to enhance the efficiency of the foreign exchange market. In December 2024, the CBN introduced the Electronic Foreign Exchange Matching System (EFEMS), an online platform designed to match buy and sell orders for foreign exchange transactions. EFEMS aims to reduce speculation and distortions in the market, enabling real-time price discovery. Early reports suggest that EFEMS has helped stabilize the naira’s volatility. On inflation, the CBN has adopted an explicit inflation-targeting framework to improve the effectiveness of its monetary policies. Looking ahead, the CBN is targeting an inflation rate of 15% in 2025 and projects a 4.17% GDP growth, surpassing the 3.2% forecast by the International Monetary Fund (IMF). While the full impact of these policy measures may take time, the CBN is confident in their ability to bring about the desired economic improvements. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
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Discover how the National Institute of Credit Administration (NICA) is launching the Nigeria Credit Economic Forum (NCEF) to drive a robust credit-based economy in Nigeria. The National Institute of Credit Administration (NICA), a chartered body committed to advancing Nigeria’s credit system, is set to officially unveil the Nigeria Credit Economic Forum (NCEF). This groundbreaking initiative aims to address pressing challenges, foster innovative solutions, and promote sustainable growth within Nigeria’s credit ecosystem. A Vision for a Thriving Credit Economy The Nigeria Credit Economic Forum (NCEF), an annual event, seeks to bring together an extensive network of stakeholders, including: The forum is designed to generate actionable insights and solutions that will contribute to a more inclusive, resilient, and people-centered credit economy in Nigeria. Driving a Transition to a Credit-Based Economy Speaking about the forum, Prof. Chris Onalo, Chief Executive of NICA, highlighted its significance in transforming Nigeria’s economy. “The Nigeria Credit Economic Forum (NCEF), modeled after the World Economic Forum (WEF), is envisioned to create similar momentum across Africa and the global stage. Its purpose is to drive Nigeria’s economy away from the long-standing cash-based system to a robust credit-based economy,” said Prof. Onalo. The forum is poised to serve as a catalyst for groundbreaking reforms, bringing together economic leaders who will pioneer this essential transition. A Platform for Collaboration and Innovation NCEF is expected to attract a diverse audience of participants, including: By fostering collaboration among these stakeholders, NCEF will help strengthen Nigeria’s credit infrastructure and encourage partnerships that will propel the nation towards economic growth. A Call to Action With its innovative approach, the Nigeria Credit Economic Forum promises to be a game-changer, creating new opportunities for credit access and enabling sustainable development. This initiative underscores NICA’s commitment to shaping a thriving credit ecosystem that benefits both individuals and businesses across Nigeria and beyond. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
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Discover the implications of Nigeria joining BRICS, including economic growth, foreign investments, and enhanced global influence. Explore benefits and challenges in this new partnership. Nigeria has officially joined BRICS as a partner country, marking a significant milestone for one of Africa’s largest economies. This inclusion integrates Nigeria into a dynamic coalition of emerging market nations, offering opportunities to bolster economic growth, strengthen global influence, and enhance strategic partnerships. Understanding BRICS BRICS, an acronym for Brazil, Russia, India, China, and South Africa, is a powerful alliance of emerging economies. Initially established in 2009 by Brazil, Russia, India, and China, the bloc aims to provide a counterbalance to the G7, the group of leading industrialized nations. South Africa became the fifth member in 2010, and BRICS has continued to expand, welcoming Iran, Egypt, Ethiopia, and the United Arab Emirates last year. With Nigeria’s inclusion, the bloc now has nine partner countries: Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Thailand, Uganda, Uzbekistan, and Nigeria. Why Nigeria Joined BRICS According to Brazil, the current chair of BRICS, Nigeria’s economic goals align closely with those of the group. This strategic decision, announced by the Ministry of Foreign Affairs, is set to foster economic cooperation and open avenues for trade and investment. Key Benefits of Nigeria’s Inclusion in BRICS Challenges to Consider While the potential benefits are immense, Nigeria faces some challenges: Looking Ahead Nigeria’s journey as a BRICS partner has just begun. To maximize the benefits, the government must: This landmark decision is poised to reshape Nigeria’s economic and political trajectory, solidifying its position as a key player in the global arena. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
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Learn how the National Bureau of Statistics (NBS) plans to include hidden and illegal activities in Nigeria’s GDP calculations, enhancing economic accuracy and transparency. The National Bureau of Statistics (NBS) recently announced its decision to include illegal and informal activities, such as prostitution and drug trafficking, in the computation of Nigeria’s Gross Domestic Product (GDP). The bureau also proposed 2019 as the new base year for GDP calculations and 2024 for inflation assessment, aiming for more accurate economic insights. These updates were revealed during a sensitization workshop on GDP and Consumer Price Index (CPI) rebasing, organized in partnership with the Nigerian Economic Summit Group (NESG). According to NBS, the decision to adopt 2019 as the base year stems from the year’s relative economic stability compared to later years, which were disrupted by COVID-19 and policy changes. The updated GDP calculations will cover emerging sectors like the digital economy, modular refineries, pension fund administrators, the National Health Insurance Scheme (NHIS), and illegal or informal activities. Dr. Baba Madu, Head of National Accounts at NBS, elaborated on the inclusion of illegal activities, explaining that it aligns with the System of National Accounts (SNA 2008), which many countries follow. “Some nations rely heavily on illegal activities like drug trading to drive their economies,” Madu noted. He added that while such activities lack legal recognition in Nigeria, they contribute to income generation. Challenges, however, remain in obtaining reliable data and dealing with the legal and cultural implications. On hidden economic activities, Madu emphasized the difficulty of capturing accurate earnings from individuals or businesses operating informally. For instance, small shop owners who secretly trade illegal items or underreport their income pose measurement challenges. Nonetheless, these activities contribute a small fraction—less than 3.5%—to Nigeria’s GDP. Importance of GDP and CPI Rebasing Statistician-General Prince Adeyemi Adeniran stressed the significance of the rebasing exercise. He noted that as economies evolve, new industries emerge, and consumption patterns shift, statistical tools must reflect these changes. The rebasing ensures that economic indicators accurately depict Nigeria’s current realities, which is essential for informed policymaking, strategic planning, and governance. Dr. Tayo Aduloju, Chief Executive Officer of NESG, also highlighted the benefits of GDP rebasing. He explained that accurate data boosts credibility and investor confidence. For example, Nigeria’s debt-to-GDP ratio dropped from 19% to 11% following the 2014 rebasing, enhancing the country’s creditworthiness and attractiveness to foreign investors. Aduloju further noted that rebasing enables governments to pinpoint high-growth sectors for expansion and low-growth areas for intervention, fostering balanced economic development. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
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Vice President Kashim Shettima has assured Nigerians that brighter days are ahead, as the nation’s economy is poised for significant growth in 2025. In a statement shared via a video on X (formerly Twitter) by President Bola Tinubu’s Special Assistant on Social Media, Dada Olusegun, Shettima emphasized the government’s commitment to tackling economic challenges through collaborative efforts with the National Assembly. He expressed optimism, saying: “I believe we have turned a corner. Insha Allah, we shall have very robust economic activity in the new year. The economy has started picking up, and in the coming weeks and months, Nigerians will start smiling for the better.” Shettima acknowledged the impact of global crises, including the war in Ukraine, on Nigeria’s economy. However, he reassured citizens that the government is actively working on sustainable solutions to ensure economic recovery and growth. “There is no nation immune to the economic headwinds across the world. The crisis in Ukraine and other global disruptions are affecting us because we are part of the global economy. But I want to assure Nigerians that the economy is turning the corner. By the grace of God, we have crossed the Rubicon and are on a path to sustained growth. We wish Nigerians well.” READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
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President Bola Tinubu has assured Nigerians that brighter days are ahead in 2025, expressing optimism about a positive transformation for the nation in his New Year’s message. Tinubu pledged that his administration would strive to meet the aspirations of the Nigerian people while addressing the challenges that marked 2024. Reflecting on the past year, the president acknowledged the difficulties Nigerians faced but highlighted promising economic developments: Tackling Rising Costs and Inflation Tinubu admitted that the high cost of food and essential medicines remained a major concern for many households in 2024. To address this, he announced plans to boost local food production and increase the domestic manufacturing of essential drugs. In his efforts to stabilize the economy, Tinubu set an ambitious goal of reducing Nigeria’s inflation rate from 34.6% to 15% by the end of 2025. “With hard work and divine intervention, we can achieve this milestone and bring relief to Nigerians,” he assured. Expanding Access to Credit To stimulate economic growth, Tinubu unveiled plans for the National Credit Guarantee Company, set to begin operations by mid-2025. This initiative will aim to: The president explained that the company would involve partnerships between government institutions such as the Bank of Industry, Nigerian Consumer Credit Corporation, and the Ministry of Finance Incorporated, as well as private sector and multilateral organizations. A Vision for Growth and Unity Tinubu emphasized that his administration remains committed to the reforms necessary to achieve sustainable growth and prosperity. He expressed gratitude to Nigerians for their trust and urged everyone to stay united in the pursuit of a stronger, more prosperous nation. “Let us stay focused on building a great Nigeria,” he said, urging citizens to look beyond the divisions of politics, ethnicity, and religion. He also reiterated his ambitious vision of creating a one trillion-dollar economy, positioning Nigeria as a thriving global power. Meta Description “President Tinubu reassures Nigerians of brighter days in 2025, with plans to reduce inflation, boost credit access, and foster economic growth for a stronger nation.” READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
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Senate President Godswill Akpabio has drawn a stark comparison, describing Nigeria’s economic condition as akin to being on “life support” when President Bola Tinubu assumed office in May 2023. Akpabio made this remark during his 2024 Constituency Briefing and Empowerment Programme, held at the Ikot Ekpene Township Stadium in Akwa Ibom State. As the representative of Akwa Ibom Northwest Senatorial District, Akpabio called for national solidarity to support President Tinubu’s ongoing economic reforms. He highlighted critical measures undertaken by the administration, including the removal of fuel subsidies, the floating of the naira, and tax policy reforms, as essential for reviving the economy. Speaking on the enormity of the challenges, Akpabio recounted a candid exchange with Tinubu:“I asked him, ‘Are you still excited about being president after inheriting this economy?’ He replied, ‘I didn’t know it was this bad.’” Despite the daunting situation, Akpabio expressed confidence in Tinubu’s ability to replicate his success as the former governor of Lagos State. “You did it in Lagos, and you’ll do it again for Nigeria. It’s only a matter of time. Our prayers are with you, and God will grant you wisdom to lead us to prosperity,” Akpabio said. Empowering Constituents and Advocating Peace At the event, Akpabio urged beneficiaries of the empowerment programme to maximize the tools provided for economic improvement instead of selling them. He assured attendees of sufficient distribution of food supplies beyond Ikot Ekpene to other senatorial districts in the state. He also lauded Akwa Ibom Governor Umo Eno for fostering peace and inclusivity, emphasizing that peace is crucial for sustainable development. “Governor Eno has embraced all Akwa Ibom citizens, irrespective of their political affiliations,” he noted. Akpabio praised the governor’s efforts in distributing food aid to both APC and PDP members and announced additional resources to promote unity and welfare. Leadership and Collaboration in the Senate Highlighting Senate operations, Akpabio commended Senate Minority Leader Senator Abba Moro for championing constructive collaboration. “Every senator has an equal voice, regardless of their party. Opposition is vital, but it must remain constructive,” Akpabio said. Senator Moro acknowledged Akpabio’s impactful leadership, adding: “It takes wisdom to provide lasting solutions rather than temporary fixes.” The programme also drew high-profile attendees, including the Minister of Petroleum Resources (Gas), Obongemem Ekperikpo Ekpo, and other distinguished leaders across political affiliations. Collective Efforts for a Brighter Future In his concluding remarks, Akpabio emphasized the importance of collective efforts to build a stronger Nigeria, assuring his constituents of his unwavering commitment to impactful developmental initiatives. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
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The newly established Ministry of Steel Development has allocated N2.6 billion for the mobilization of Ajaokuta Steel Company Limited as part of its N24 billion total budget for 2025. This funding was presented by President Bola Tinubu to the National Assembly in the proposed budget. In addition, the Ministry has set aside N250 million for the revitalization of both Ajaokuta Steel Company Limited and the National Iron Ore Mining Company (NIOMCO) located in Itakpe. Ajaokuta Steel Company itself has received a total budget of N6.8 billion, with N6.3 billion earmarked for personnel costs. The company also allocated N2.4 million for overheads, while recurrent expenditures amounted to N6.4 billion, and N3.9 million was set aside for capital investments. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
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Nigeria needs a minimum of $50 billion in foreign direct investment (FDI) to curb inflation to 5% by 2025, according to Ayo Teriba, a renowned economist and CEO of Economic Associates, Lagos. In an interview on Arise TV, Teriba emphasized that increasing the nation’s net reserves would be essential for stabilizing the economy and moderating macroeconomic conditions. This statement comes amid President Bola Tinubu’s goal of reducing inflation to 15% by 2025, a target that some economists believe may be difficult to achieve due to rising food and fuel prices. Teriba explained that with sufficient foreign capital inflows and expanded reserves, Nigeria could stabilize its exchange rate and drastically reduce inflation, which hit a 28-year high of 34.6% in November 2024. He stressed that substantial reforms are crucial to attract FDI that could transform Nigeria’s economy, which is currently struggling with various challenges. Teriba pointed to Argentina’s success in stabilizing inflation as an example of what’s possible with the right policies. To achieve this, Teriba proposed that the government focus on implementing tax and finance reforms alongside an investment act aimed at attracting $50 billion in FDI within the next year. This would help stabilize the exchange rate and push inflation to single-digit levels. In the third quarter of 2024, FDI into Nigeria increased by 248%, reaching $103.82 million, but this figure remains insufficient to stimulate the growth needed for a major economic turnaround. FDI had hit a record low in the second quarter of 2024, standing at just $29.8 million. Despite these challenges, Teriba argued that current economic policies, particularly those focused on debt servicing, are hindering the government’s ability to achieve its inflation goals. He criticized the practice of borrowing to pay off existing debt, noting that it doesn’t address Nigeria’s fundamental economic issues. “The interest rates offered to Nigeria by international creditors are among the highest in the world, primarily because of the country’s low credit rating. This makes borrowing an inefficient and unsustainable strategy,” Teriba said. He also urged a shift away from borrowing and recommended a move towards equity-based financing. Many countries with similar economies to Nigeria’s are able to borrow at significantly lower rates due to issuing higher-grade debt instruments. Teriba pointed out that while Nigeria has pledged to reduce borrowing, it continues to rely on loans, which is not an effective solution to its fiscal challenges. He called for a shift towards more strategic borrowing, emphasizing that debt instruments’ quality is crucial to lowering borrowing costs. “Many countries with economies comparable to ours borrow more than we do, but at a third of our rates. We should prioritize equity over debt to stabilize our finances,” he advised. Teriba concluded by urging the government to focus on structural reforms and creating incentives that would attract foreign capital. Without these changes, he warned, inflation would remain a persistent issue, undermining economic stability. “If we continue with high-interest borrowing and poor credit management, we’ll miss the opportunity to stabilize our economy. However, with bold reforms and attracting $50 billion in FDI, Nigeria could enter a new era of growth and stability,” he said. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
