Header and navigation menu

Page content

Tinubu: World Bank Report Shows Economic Reforms Working

President Bola Tinubu yesterday defended his administration's economic reforms, citing stronger economic growth, rising foreign reserves and increased revenues to states, and welcomed last week's World Bank report indicating Nigeria's steady economic growth. The president also disclosed that the federal government had forgone more than N3.3 trillion in fuel taxes and duties to cushion the impact of rising petrol prices, while highlighting the expansion of compressed natural gas (CNG) transportation as part of efforts to reduce the cost of living. [...]