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World Bank faults Nigeria s forex management system

World Bank faults Nigeria s forex management system
premiumtimesng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from premiumtimesng.com Daily Mail and Mail on Sunday newspapers.

Experts, Fayemi differ on benefits of fuel subsidy

Punch Newspapers Sections Amarachi Orjiude and Sami Olatunji, Abuja Published 16 June 2021 Amarachi Orjiude and Sami Olatunji, Abuja Published 16 June 2021 While the Governor of Ekiti State, Kayode Fayemi, said on Tuesday that the removal of fuel subsidy will benefit poor Nigerians, financial experts argued that it would bring about increased hardships. Fayemi, while addressing journalists after the launch of the Nigerian Development Update by the World Bank in Abuja, said there was a need for proper communication on the economic status of the country. “Nigeria is not this boundlessly rich country. We are wealthy in several other respects. Our human capital is a source of strength. But in terms of this naira and kobo, we are not a rich country, and we need to do more to communicate that to the population in our country,” he said.

Cutting governance cost ll not solve revenue problems

Punch Newspapers Sections Amarachi Orjiude and Sami Olatunji Published 16 June 2021 Published 16 June 2021 The Director General of the Budget Office of the Federation, Ben Akabueze, on Tuesday said cutting budget allocations to Federal Government agencies would not have a significant impact on Nigeria’s revenue. Akabueze said this in Abuja at the launch of the Nigerian Development Update by the World Bank. According to him, allocations to the legislature account for less than one per cent of the total budget for the year and as such, reductions won’t solve revenue problems. He said, “When people say drop cost, look at the cost profile of the Federal Government for instance, what do you want to drop?

CBN interventions helped Nigeria Prevent Severe Credit Crunch in the private sector – World Bank

CBN interventions helped Nigeria Prevent Severe Credit Crunch in the private sector – World Bank
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