3 months ago
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THE Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has insisted that substance subsidy removal is an ongoing process that depends connected a operation of factors.
He was responding to comments connected a Channels TV interrogation past nighttime wherever helium responded to a wide scope of home economical issues.
The substance subsidy debacle, which had officially been stopped past year, has been a contentious contented for immoderate months arsenic crude lipid prices summation and the speech complaint continues to depreciate, starring critics to suggest partial subsidy remains contempt speech of a removal.
But responding straight to the question of whether substance subsidy has been removed oregon not, Edun said: “The substance is imported, that means the removal of substance subsidy is an ongoing conversation, it is an ongoing process of ensuring that substance subsidy is eliminated from the Nigerian economy. That is what Mr. President’s intent is and that is what is being worked towards.”
He admitted that the removal of substance subsidy and liberalisation of the naira has led to a spike successful prices and inflation, but the Minister insisted that those steps needed to beryllium taken erstwhile the contiguous medication came to power.
2 mins ago
THE Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has insisted that substance subsidy removal is an ongoing process that depends connected a operation of factors. He was responding to comments connected a Channels TV interrogation past nighttime wherever helium responded to a wide scope of home economical issues. The substance subsidy…
3 hours ago
Nigerian arguable singer, Habeeb Okikiola, popularly known arsenic Portable, has been named the Godfather of the Omotosho Single Mothers Association (OSMA). Portable's assignment was announced by the relation connected Saturday and has since generated societal media buzz owed to Portable's past controversies. The Omotosho Single Mothers Association (OSMA) is an relation dedicated to supporting women…
3 hours ago
The Minister of State for Youth Development, Mr Ayodele Olawande, says that the pupil indebtedness strategy is for youths to entree interest-free installation for their acquisition pursuits successful tertiary institutions.
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A High Court of the Federal Capital Territory (FCT) has reserved judgement successful a N500 cardinal libel suit instituted by a erstwhile Minister of Foreign Affairs, Geoffrey Onyeama, against a vocation ambassador, Lilian Onoh. The tribunal volition besides present a verdict successful a counterclaim filed by Ambassador Onoh against Onyeama, successful which she is asking…
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The Police Command successful Kano says it foiled an effort by suspected thugs to invade the residence of Prince Abdullahi Abbas, Chairman of the state’s section of the All Progressives Congress (APC). A connection by its spokesman, Mr. Abdullahi Kiyawa, said connected Sunday successful Kano that connected May 31, astatine astir 6 p.m., a distress…
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The International Air Transport Association (IATA) has hailed the Nigerian authorities for clearing 98 per cent of airlines trapped funds successful the country, which the carriers had hitherto been capable to repatriate.
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Some NGOs, Rasaq Okulaja Empowerment Initiative and Helpline Social Support Initiative, person empowered sixty widows with self-sustaining skills successful the Federal Capital Territory (FCT) , Abuja.
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The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) declared a nationwide onslaught connected Friday, May 31, 2024, implicit a projected caller minimum wage, pursuing a gathering with the tripartite of the national government, Labour and the Organised Private Sector (OPS). The Federal Government and the labour unions failed to scope an agreement…
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Members of the House of Representatives successful the botched Third Republic person appealed to President Bola Tinubu to intervene successful the outgo of their outstanding salaries and allowances.
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The Ministry of Industry, Trade and Investment astatine the play inaugurated the Inter-Ministerial Committee connected the Review of the Intellectual Property (IP) Policy and Strategy for Nigeria, marking a important measurement successful strengthening Nigeria's intelligence spot framework. The Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite, presided implicit the ceremony, highlighting the value of…
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