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Economy
334 posts
Report: Drug smuggling at Nigerian ports endangers national trade and economy
A report from the Sea Empowerment & Research Center warns that drug trafficking at Nigerian seaports is undermining the country's economic stability and international trade reputation, calling for intelligence-led security reforms.
Unreliable Import Regulations Hinder Nigeria’s Fisheries Sector
A fisheries expert warns that Nigeria's contradictory fish import policies are stifling local aquaculture, causing job losses and draining foreign exchange reserves.
Federal Government Disputes Claims of Excessive Debt Accumulation
Minister of Finance Taiwo Oyedele clarifies that Nigeria's public debt figures are being misinterpreted, attributing the reported increase to currency revaluation and the formalization of inherited debt rather than new borrowing.
Taiwo Oyedele clarifies causes behind Nigeria’s ballooning public debt
Finance Minister Taiwo Oyedele argues that Nigeria's rising debt figures stem from naira depreciation and accounting adjustments rather than excessive new borrowing by the Tinubu administration.
Federal Government Refutes Claims of Excessive Debt Accumulation
Finance Minister Taiwo Oyedele claims current debt figures are inflated by accounting adjustments and currency revaluation rather than excessive new borrowing.
Nigerian Government Rebuts Claims of Excessive ₦80 Trillion Debt Under Tinubu
Finance Minister Taiwo Oyedele clarified to the Senate that recent increases in Nigeria's debt figures are largely due to currency adjustments and the recognition of past obligations rather than new borrowing.
Marketers Warn of Potential Dollar-Based Fuel Sales Amid Dangote Refinery Deal Uncertainty
Petroleum marketers warn that Nigerians might be forced to pay for fuel in US dollars if the federal government does not urgently restore the naira-for-crude supply deal with the Dangote Refinery.
AERE warns that falling manufacturing tax revenue indicates industrial decline
AERE Chairman Dele Oye warns that a 31 percent drop in manufacturing tax revenue reveals a struggling industrial sector, calling for urgent government and central bank policy reforms.
Debate emerges over CBN ending direct funding for manufacturers
Industry experts are debating the impact of the Central Bank of Nigeria's withdrawal from direct manufacturing funding, with some calling for alternative support and others backing the move to refocus the bank's mandate.
The misconception that Nigerian states are becoming wealthier
Despite receiving higher monthly allocations, Nigerian states are not becoming richer as inflation and rising operational costs erode their purchasing power.