The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, on Monday dismissed claims that the administration of President Bola Tinubu borrowed an additional ₦80 trillion after inheriting a public debt of about ₦75 trillion, attributing the sharp rise in the country’s debt profile to the revaluation of foreign loans and the securitisation…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has commended the Federal Government’s newly unveiled social intervention programmes, describing them as a critical step towards strengthening the legitimacy of ongoing economic reforms and ensuring that the benefits of macroeconomic stability reach ordinary Nigerians. In a policy brief released on Sunday, signed…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has warned that Nigeria’s inflation crisis remains largely structural despite the marginal decline in headline inflation recorded in June 2026, stressing that rising food prices continue to threaten household welfare and economic recovery. In its assessment of the June inflation report released by…
By Seun Ibiyemi President Bola Tinubu on Wednesday received commendation from Deloitte Africa over his administration’s ongoing fiscal and economic reforms, with the global consulting firm pledging stronger collaboration to support investments, youth development and job creation in Nigeria. Tinubu spoke while receiving a delegation from Deloitte Africa, led by its Chief Executive Officer, Ruwayda…
By Seun Ibiyemi Nigeria’s headline inflation rate declined marginally to 15.91 per cent in June 2026 from 15.93 per cent recorded in May, marking the first slowdown after three consecutive months of increases, according to the latest Consumer Price Index report released by the National Bureau of Statistics (NBS). The report showed that although overall…
… CBN withholding Fed Govt’s N5.3trn unremitted operating surplus – OAGF By Seun Ibiyemi Amid concerns over revenue leakages and non-remittance of operating surpluses, the House of Representatives Public Accounts Committee has demanded detailed records of outstanding liabilities allegedly owed to the Federal Government by the Central Bank of Nigeria (CBN), the Nigerian National Petroleum…
By Seun Ibiyemi The International Monetary Fund (IMF) has retained its 4.1 per cent economic growth forecast for Nigeria in 2026 but warned that rising prices of food, energy and fertilisers could deepen poverty and worsen food insecurity, despite recent improvements in the country’s macroeconomic stability. The warning came on Wednesday as the Fund also…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has urged the Federal Government to shift the focus of economic reforms from macroeconomic stabilisation to creating jobs, attracting private investment and reducing the cost of doing business, saying this is critical to sustaining Nigeria’s economic recovery. The call comes as Nigeria enters…
The Federal Government has set an ambitious target of generating N2.5 trillion in independent revenue in 2026 as part of efforts to strengthen fiscal discipline, improve transparency, and boost non-oil revenue. The acting Executive Chairman and Chief Executive Officer of the Fiscal Responsibility Commission (FRC), Charles Abana, disclosed the target on Tuesday during a meeting…
By Seun Ibiyemi The Federal Competition and Consumer Protection Commission (FCCPC) has raised concerns over the slow pace of reductions in petrol prices across Nigeria despite the sharp decline in global crude oil prices, warning that operators found exploiting consumers could face regulatory sanctions. The commission said preliminary findings from its ongoing surveillance of the…
