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Recent months have seen the rising cost of fuel and stringent economic policies profoundly affecting Nigeria’s education sector. Students are burdened by soaring transportation costs, families struggle to meet basic needs and stories of children begging for rides or trekking long distances to and from school have become all too common. School owners and teachers
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says President Bola Tinubu, through his initiative, especially the stoppage of imported fuel, has saved the country from bleeding. Edun stated this on Monday in Bauchi during the opening ceremony of the National Council on Finance and Economic Development, NACOFED, with the theme:
Tinubu has saved Nigeria from economic woes – Finance minister
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says President Bola Tinubu, through his initiative, especially the stoppage of imported fuel, has saved the country from bleeding.
Edun stated this on Monday in Bauchi during the opening ceremony of the National Council on Finance and Economic Development, NACOFED, with the theme: ‘Fostering Economic Growth in Challenging Times.’
The minister said Tinubu’s administration inherited the assets and the liabilities and there was no looking back but in charting a way forward, decisions needed to be made in order to stabilize the economy.
“The President has stopped the bleeding that was costing five per cent of the GDP of the country every year, that was adding no value except to a few people and of course neighbouring countries that were benefiting from what was happening with the fuel subsidy and as well, a related foreign exchange subsidy.
“The benefits were saved for just a few and a mass of Nigerians were not getting any benefits from those structures. They have been removed and the federation account will benefit from increased flow of resources to the federal, states and local governments and so much more can be done in terms of investing not just in infrastructure but in social services like education, health.
“The road is clear for private sector investors and as we know, we are now back in business on the road to industrialization, based on what is happening in the petroleum refining sector.
“Crude oil is not just being shipped abroad, it’s being refined locally to give petroleum products and raw materials for industry,” he said.
Edun also expressed appreciation to Governor Bala Mohammed for hosting the conference and the organizers for making the conference a reality.
Speaking, Governor Bala Mohammed assured his visitors that he would spare no efforts to ensure that the gathering surpasses expectations.
Tinubu has saved Nigeria from economic woes – Finance minister
Four officers of the Nigeria Security and Civil Defence Corps have been confirmed dead following an ambush by Boko Haram insurgents during an inspection tour of the national grid installations in Shiroro Local Government Area of Niger State on November 18, 2024. The attack, which occurred near the boundary between Niger and Kaduna states, also
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Four officers of the Nigeria Security and Civil Defence Corps have been confirmed dead following an ambush by Boko Haram insurgents during an inspection tour of the national grid installations in Shiroro Local Government Area of Niger State on November 18, 2024. The attack, which occurred near the boundary between Niger and Kaduna states, also
Award-winning musician David Adeleke, popularly known as Davido, has expressed frustration with the Independent National Electoral Commission regarding the Edo State governorship election process. Davido called on the electoral commission to address issues, citing his previous experiences in Osun State. He wrote, “Bruh, #inecnigeria fix up! We can’t continue like this… wtf. “My mum is
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Award-winning musician David Adeleke, popularly known as Davido, has expressed frustration with the Independent National Electoral Commission regarding the Edo State governorship election process. Davido called on the electoral commission to address issues, citing his previous experiences in Osun State. He wrote, “Bruh, #inecnigeria fix up! We can’t continue like this… wtf. “My mum is