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- Uncategorized
- October 1, 2025
- 15 views
I inherited near-collapsed economy, worst is over – Tinubu
President Bola Ahmed Tinubu has said that when he assumed office on May 29, 2023, he was confronted with an economy on the brink of collapse and had no choice but to take bold, difficult decisions to reposition the country. Tinubu, in his maiden address as president, made headlines by announcing the immediate removal of
I inherited near-collapsed economy, worst is over – Tinubu
President Bola Ahmed Tinubu has said that when he assumed office on May 29, 2023, he was confronted with an economy on the brink of collapse and had no choice but to take bold, difficult decisions to reposition the country.
Tinubu, in his maiden address as president, made headlines by announcing the immediate removal of fuel subsidy, a move that triggered widespread hardship for millions of Nigerians.
In the weeks that followed, his administration rolled out sweeping economic reforms that tightened living conditions further.
Speaking during his Independence Day broadcast, the president declared: “Upon assuming office, our administration inherited a near-collapsed economy caused by decades of fiscal policy distortions and misalignment that had impaired real growth.”
According to him, the government had two options: to continue with the old order and watch the country deteriorate further, or to embrace deep-rooted reforms, however painful.
“We chose the path of reform. We chose the path of tomorrow over the comfort of today. Less than three years later, the seeds of those difficult but necessary decisions are bearing fruit,” he stated.
Tinubu stressed that Nigeria has now “turned the corner,” insisting that the worst days are over. He outlined his administration’s vision to rebuild critical infrastructure and expand capacity in power, education, health, and transportation.
“Fellow Nigerians, we are racing against time. We must build the roads we need, repair the ones that have become decrepit, and construct the schools our children will attend and the hospitals that will care for our people,” Tinubu said.
He added that years of neglect in energy and infrastructure investments had left the country short of electricity, modern ports, rail, and international-standard airports. His government, he assured, is working to correct those gaps.
“I am pleased to report that we have finally turned the corner. The worst is over, I say. Yesterday’s pains are giving way to relief.
“I salute your endurance, support, and understanding. I will continue to work for you and justify the confidence you reposed in me to steer the ship of our nation to a safe harbour,” the president added.
- Biz & Economy
- October 1, 2025
- 44 views
Naira has stabilised, rate no longer determined by oil price fluctuatons – Tinubu
“Additionally, our currency rate against the dollar is no longer determined by fluctuations in crude oil prices,” Mr Tinubu said. The post Naira has stabilised, rate no longer determined by oil price fluctuatons – Tinubu appeared first on Premium Times Nigeria.
- Africa
- October 1, 2025
- 43 views
Farm exports from Tanzania gain traction in China
Tanzania’s agricultural exports to China are expanding, with sesame seeds, dried chillies, cotton seed cake, dried cassava, avocado, honey and marine products all finding growing demand in the Chinese marketRead More
- Africa
- October 1, 2025
- 41 views
CIBI slams Fourth Estate & MFWA over report on NLA–KGL Lottery deal
The Chamber of Indigenous Business and Investors (CIBI), led by Alistair Nelson, has taken issue with an investigative report by the Fourth Estate and the Media Foundation for West Africa (MFWA), describing their findings on the National Lottery Authority’s (NLA) agreement with KGL Technology Limited as misleading and ethically questionable. The Fourth Estate and the Media Foundation for West Africa (MFWA), report alleged that the NLA had effectively handed over a business worth more than GHS…
- Africa
- October 1, 2025
- 36 views
Ghana’s Military recruits 12,000 soldiers nationwide
–Reduced fees, issues fraud alerts The Ghana Armed Forces (GAF) will recruit 12,000 personnel over the next three years, as part of a nationwide expansion drive, with reduced recruitment costs and strict measures in place to combat fraud. Deputy Defence Minister, Brogya Genfi, announced that the initiative aims to strengthen the country’s defence and security capacity. According to Mr Genfi, the exercise, which begins this week, will see 12,000 new personnel enlisted over the next three…
- Africa
- October 1, 2025
- 46 views
OSP tightens noose On MIIF raiders over US$119 million gold deal
The Office of the Special Prosecutor (OSP), early last night, granted bail to Nana Yaw Duodu, Chief Executive Officer of Goldridge Refinery Ltd, after fulfilling the necessary conditions, following an initial difficulty. The man, nicknamed Dr Sledge, is under investigation for suspected corruption and corruption-related offences linked to the Minerals Income Investment Fund (MIIF), especially regarding the management of its gold trade programme. The Herald has seen documents revealing that over US$119 million was lost to…
- Africa
- October 1, 2025
- 36 views
Togbui Fiti alarmed at drug smuggling at Aflao border
The Paramount Chief of the Aflao Traditional Area, Togbui Adzonugaga Amenya Fiti V, has voiced concern that Aflao and its neighbouring communities are becoming hotspots for drug trafficking and abuse, posing serious security challenges that require urgent action. He noted that one of the significant issues undermining security in the area was the use of unapproved routes by individuals of varied backgrounds, many of whom were aiding and abetting criminal activities. “It is sad to note…
- Africa
- October 1, 2025
- 36 views
Musah Danquah’s presidential ambitions polls breaking up NDC & Mahama government
There is growing concern within the ruling National Democratic Congress (NDC) over the activities of Musah Danquah and his outfit, Global InfoAnalytics, following the release of controversial polls on the presidential ambitions of key government appointees just eight to nine months into the Mahama administration. Many within the party believe these surveys are being fuelled by appointees eager to see the back of President John Dramani Mahama, while others oppose him outright as flagbearer. Critics argue…
- Uncategorized
- October 1, 2025
- 9 views
We’ve disbursed N330bn to eight million households – Tinubu
President Bola Tinubu said his government has disbursed N330 billion to eight million households under the social investment programme to support poor households and vulnerable Nigerians. Tinubu made this known in his 65th Independence Anniversary nationwide broadcast on Wednesday. The President stated that the country has experienced tremendous economic growth in 65 years of independence.
We’ve disbursed N330bn to eight million households – Tinubu
President Bola Tinubu said his government has disbursed N330 billion to eight million households under the social investment programme to support poor households and vulnerable Nigerians.
Tinubu made this known in his 65th Independence Anniversary nationwide broadcast on Wednesday.
The President stated that the country has experienced tremendous economic growth in 65 years of independence.
He noted that despite the challenges that country has faced in the last 65 years of nationhood, the country has survived all.
“Under the social investment programme to support poor households and vulnerable Nigerians, N330 billion has been disbursed to eight million households, many of whom have received either one or two out of the three tranches of the N25,000 each,” Tinubu said.
- Uncategorized
- October 1, 2025
- 10 views
Lagos Trade Fair market demolition test of impunity, justice – Peter Obi
Former presidential candidate of the Labour Party, Mr Peter Obi, has described the demolition of the ASPAMDA Market at the Lagos Trade Fair complex as a test of impunity, justice, and compassion. Obi lamented that the demolition was carried out despite traders having obtained necessary approvals for their plazas. He urged the government at all
Lagos Trade Fair market demolition test of impunity, justice – Peter Obi
Former presidential candidate of the Labour Party, Mr Peter Obi, has described the demolition of the ASPAMDA Market at the Lagos Trade Fair complex as a test of impunity, justice, and compassion.
Obi lamented that the demolition was carried out despite traders having obtained necessary approvals for their plazas.
He urged the government at all levels to act with fairness, justice, and compassion, noting that many of the affected traders had invested heavily, often through loans, to secure their livelihoods.
Obi, in a statement posted on X on Tuesday, said he visited the demolished market alongside Senators Enyinnaya Abaribe, Victor Umeh, among others.
The former Anambra State governor commended the traders for showing restraint in the face of their losses and praised lawmakers who pledged to investigate the incident.
“A society that seeks to make progress must protect enterprise, encourage productivity, and defend the dignity of its citizens. Incidents like this should have no place in a nation that aspires to fairness, stability, and shared prosperity,” part of Obi’s statement read.
Lagos Trade Fair market demolition test of impunity, justice – Peter Obi
