Nigeria Says Subsidy Savings Fund Debt, Wages as Imported Petrol Costs Overtake Dangote Price

The Federal Government has explained how savings from the removal of fuel and foreign exchange subsidies have been spent, saying the funds have largely gone into servicing debt, paying higher salaries under the new minimum wage, and financing student loans rather than being left idle. Speaking at the 7th African Emerging Markets Forum in Abuja,…

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Tinubu Assures Deloitte of Economic Growth as FG Launches $500m Niger Delta Agriculture Fund

President Bola Tinubu has assured executives from Deloitte Africa that Nigeria’s economy is on a steady growth trajectory, citing recent reforms aimed at restoring macroeconomic stability, improving investor confidence and sustaining long-term development. The President said his administration remains committed to fiscal discipline, private sector-led growth and policies that will strengthen the country’s economic fundamentals….

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