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‘Very Fatalistic Statement’ – Presidential Aide Faults IMF Over Nigeria Report

Presidency Slams IMF For ‘Fatalistic’ Take on Nigeria’s Economy The Federal Government , through Special Adviser to the President on Economic Affairs, Tope Fasua , has strongly criticized the International Monetary Fund (IMF) over its recent report titled: “How Nigeria Can Unleash Its Economic Potential.” Fasua described the report as overly negative and disconnected from the real progress being made by the government. He called the tone of the IMF statement “very fatalistic,” adding that it risks undermining public confidence in Nigeria’s economic recovery. “Let Us Implement Our Policies First” – Fasua Speaking on Channels Television’s The Morning Brief , Fasua said the government has only just implemented major reforms like tax relief for low-income earners and doubling tax thresholds for small businesses . “We haven’t even allowed these policies to settle, yet we’re hearing all sorts of fatalistic statements […]

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FG’s Savings Surge by Over 500% After Petrol Subsidy Removal — NOA Report

Petrol Subsidy Removal Yields Massive Financial Gains The Federal Government’s savings jumped by over 500% in the first quarter of 2025 following the removal of petrol subsidies in 2023, according to a recent report by the National Orientation Agency (NOA) . This surge in revenue marks a major shift in Nigeria’s fiscal policy and has allowed the government to direct billions toward infrastructure, education, agriculture, and debt reduction. “For decades, oil subsidies were a major burden on our economy,” the report stated.“But today, we are seeing real progress thanks to President Tinubu’s bold decision.” A Historic Move That Stopped Billions in Waste President Bola Ahmed Tinubu ended the long-standing fuel subsidy regime shortly after taking office in 2023. The move stopped years of economic bleeding that had cost Nigeria over $84 billion between 2005 and 2022. Before the reform, fuel […]

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