Economic analysts have expressed concerns about the impact of multiple reforms implemented by President Bola Tinubu's administration, emphasi
Also, on April 3, the Nigerian Electricity Regulatory Commission The commission said customers under the category, who receive 20 hours of electricity supply daily, would begin to pay N225 per kilowatt from April 3 — up from N66.
“However, I believe the administration could do better with regards to the speed of delivering mitigating measures to ease the pains of the reforms.”Yusuf further said the administration has made significant progress in restoring some sanity to the oil-producing areas — even though it is a work in progress.
“In one year, we have seen the exchange take a different turn and the effects are what is obtainable today.”Also, Ayokunle Olubunmi, head of financial institutions ratings at Agusto & Co, said there were some high points and low points to the reforms. “Specifically, I think this is everyone’s critique of the government. Everyone agrees that the CBN seems to be the shining star and where the administration seems to be focused on,” he said.
“So, there’s really no sector which saw the most benefits as we can literally not get hands on FDI inflow into the sectors. Instead, decline.”On what areas to focus on moving forward for economic growth and achieving the $1 trillion economy goal, Abuede said the government’s focus should be encompassing and holistic to ensure all-round sustainable growth.
On his part, Yusuf said he believes the administration could do better with regard to the speed of delivering mitigating measures to ease the pains of the reforms.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NACCIMA president, Oye, to speak at Vanguard Economic SummitPresident, Nigerian Association of Chambers of Commerce, Industry Mines and Agriculture, NACCIMA, Otunba Dele Oye, has joined the array of public and private sector leaders lined up for the 2024 edition of the Vanguard Annual Economic Summit.
Read more »
FNCCI gets new president, seeks sustenance of economic policiesThe Franco-Nigerian Chamber of Commerce and Industry (FNCCI) has inaugurated its 17th President, Guillaume Niarfeix, to take over
Read more »
Hardship: Reforms painful but bearing fruitsThe Minister of Budget and Economic Planning, Sen. Abubakar Bagudu, has said President Bola Tinubu’s economic reforms have started bearing fruits. He told newsmen on Friday in Abuja that the measures had restored faith in the country’s economy.
Read more »
Reforms painful but bearing fruits, Bagudu saysPresident Bola Tinubu’s economic reforms have started bearing fruit, the Minister of Budget and Economic Planning, Sen. Abubakar Bagudu, has said.
Read more »
Tinubu Addresses NASS, Thanks Lawmakers For Sustaining DemocracyThe President stepped into the parliament at 12:28pm, accompanied by the Vice President, Senator Kashim Shettima.
Read more »
Presidential Fleet: Reps probe breakdown of aircraft, summon NSA, commandantLawmakers are divided on a proposal for the president and vice president to use commercial flights.
Read more »