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Nigeria’s improving revenue performance and broader macroeconomic indicators are yet to translate into meaningful relief for households, the Alliance for Economic Research and Ethics (AERE) has said. The group is urging President Bola Ahmed Tinubu and the Nigeria Revenue Service (NRS) to ensure that the gains from economic reforms translate into tangible improvements in living standards, including lower living costs, stronger wages and better poverty outcomes.
Nigeria’s Economic Recovery Yet to Reach Households, AERE Tells Tinubu
Nigeria’s stronger revenue performance and improving macroeconomic indicators have yet to translate into significant relief for households, according to the Alliance for Economic Research and Ethics (AERE). The group has called on President Bola Tinubu’s administration to ensure that the benefits of economic reforms reach households through improved purchasing power, lower living costs, stronger incomes and greater access to affordable housing and credit.
CBN Raises Treasury Bill Rate to 17.59% as Investors Seek N4.4trn
The Central Bank of Nigeria (CBN) has raised the stop rate on its 364-day Treasury Bill to 17.59 per cent despite receiving N4.4 trillion in subscriptions for instruments worth N700 billion.
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Kogi Assembly Moves to Regulate Rent Increases, Agency Fees
The Kogi State House of Assembly is advancing legislation to regulate tenancy arrangements, control arbitrary rent increases and limit excessive agency charges as rising housing costs make accommodation increasingly difficult for residents.
Tinubu Vows to Return Nigeria’s Refineries to Operation, Gives No Timeline
President Bola Tinubu has pledged to return Nigeria’s state-owned refineries to operation after a comprehensive restructuring, but has not provided a specific timeline for their restart.
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Dangote Refinery Rules Out Overseas Listing for at Least Three Years
President Bola Tinubu has approved a new deep offshore investment framework designed to unlock up to $50 billion in fresh investment across Nigeria’s offshore oil and gas sector and revive major projects that have remained stalled for years.
China to Provide RMB 200m Grant Assistance to Nigeria
China has pledged RMB 200 million in grant assistance to Nigeria to support projects jointly agreed by the two governments, strengthening economic cooperation between both countries.
Quote of the day:
“Progress begins the moment systems replace shortcuts, and accountability becomes the standard.”
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