The World Bank has called on Nigeria to ensure that the positive outcomes from its recent macroeconomic reforms translate into real improvements in citizens’ living standards, as new estimates show that about 139 million Nigerians are living in poverty. Country Director for Nigeria, Mathew Verghis, made the appeal on Wednesday during the launch of the…
The U.S. government has stated that the naira devaluation rendered President Bola Tinubu’s minimum wage increase useless as deteriorating poverty amid galloping inflation wracks millions of Nigerians. This was highlighted in the Country Reports on Human Rights Practices for 2024, published by the United States Department of State’s Bureau of Democracy, Human Rights, and Labor…
The Special Adviser on Media and Information Strategy to President Bola Tinubu, Mr Bayo Onanuga, says Nigerians will soon experience a reduction in the cost of living as the effects of the administration’s economic reforms start to materialise. Speaking to newsmen in Lagos on Sunday, Onanuga stated that the positive effects of President Tinubu’s policies…
Former President Muhammadu Buhari has told Nigerians that the ongoing economic reforms under his successor, President Bola Tinubu, will not happen overnight, saying the process will be gradual. “Our expectations from our governments should not get heavy,” Mr Buhari said in a statement signed by his spokesman, Garba Shehu, on Wednesday to mark Mr Tinubu’s…