News
Fuel Price Hike: Nigerians In Diaspora Blames Tinubu’s Economic Managers
Nigerians in the diaspora, under the umbrella of Nigerian Professionals in Diaspora (NPID), has called for an urgent reassessment of the country’s monetary policies, following the recent hike in fuel prices.
In a statement released signed by Dr Obiora Okereke, President and Chief Mrs Bukola Shonekan, Secretary on Thursday, NPID expressed deep concern over the current state of Nigeria’s economy, particularly the recent spike in fuel prices, which has exacerbated the already challenging economic conditions for millions of Nigerians.
The group blamed the economic managers of the President Bola Ahmed Tinubu administration for failing to support the President’s vision with competent and effective policies, citing the poorly implemented floating of the Naira as a glaring example.
NPID noted that instead of stabilizing the currency and attracting foreign investment, the policy has resulted in further depreciation of the Naira, leading to an unstable exchange rate that has driven up the cost of goods and services across the board.
The group also called for the restructuring of the Nigerian National Petroleum Company Limited (NNPCL) debts, reportedly exceeding $6 billion, which has put the nation in a precarious position regarding fuel supply.
“We believe that President Tinubu’s vision for Nigeria is clear, but the implementation of his economic policies by his advisers and managers is lacking in strategic foresight and execution,” NPID said.
The group urged the President to take immediate action to address the economic challenges facing the country, including reassessing monetary policies, restructuring NNPCL’s debts, and holding economic managers accountable for their actions.
News
Namibian APRM Delegation Visits AUDA-NEPAD Nigeria on Peer Learning Mission
Joel Ajayi
The Ambassador and Chief Executive Officer of the APRM National Secretariat, Namibia, Ambassador Lineekela Mboti, has led a delegation, including officials from the APRM Continental Secretariat, on a visit to the National Coordinator and Chief Executive Officer of AUDA-NEPAD Nigeria, Hon. Jabiru Salisu Abdullahi, in Abuja.
The visit was aimed at gaining deeper insight into the operational structure of the African Peer Review Mechanism (APRM) in Nigeria, its reporting lines, challenges, and the advantages of integrating the AUDA-NEPAD and APRM structures under a unified system.
Welcoming the delegation, Hon. Jabiru Salisu Abdullahi provided an overview of Nigeria’s implementation framework, highlighting the synergy between AUDA-NEPAD and APRM in advancing governance and development outcomes.
He commended the Namibian team’s commitment to institutional learning and assured them of AUDA-NEPAD Nigeria’s readiness to provide the necessary technical support and guidance to strengthen APRM operations in Namibia.
-
Featured6 years agoLampard Names New Chelsea Manager
-
Featured6 years agoFG To Extends Lockdown In FCT, Lagos Ogun states For 7days
-
Featured6 years agoChildren Custody: Court Adjourns Mike Ezuruonye, Wife’s Case To April 7
-
Featured6 years agoNYSC Dismisses Report Of DG’s Plan To Islamize Benue Orientation Camp
-
Featured4 years agoTransfer Saga: How Mikel Obi Refused to compensate me After I Linked Him Worth $4m Deal In Kuwait SC – Okafor
-
Sports3 years ago
TINUBU LAMBAST DELE MOMODU
-
News10 months agoZulu to Super Eagles B team, President Tinubu is happy with you
-
Featured6 years ago
Board urges FG to establish one-stop rehabilitation centres in 6 geopolitical zones
