PDP Says Tinubu’s Budget Consolidated Renewed Sufferings For Nigerians

NewsNigeriaPoliticsPDP Says Tinubu’s Budget Consolidated Renewed Sufferings For Nigerians

Uzoamaka Ikezue (Staff Reporter)December 19, 2025

The Peoples Democratic Party (PDP) has described President Bola Tinubu’s 2026 budget as a “Consolidated Budget of Suffering” for Nigerians, pointing out that citizens have suffered greatly from numerous economic woes under his administration. A press statement on Friday signed by Comrade Ini Ememobong, National Publicity Secretary of the party reads, “President Bola Ahmed Tinubu undertook the yearly ritual of presenting the 2026 budget to the National Assembly. The budget, themed “Budget of Consolidation, Renewed Resilience...

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2026 Budget: Tinubu Pegs Revenue At ₦34.33Trn, Expenditure At ₦58.18Trn

EconomyNewsNigeriaPolitics2026 Budget: Tinubu Pegs Revenue At ₦34.33Trn, Expenditure At ₦58.18Trn

Uzoamaka Ikezue (Staff Reporter)December 19, 2025

… Says New Tax Laws Will Broaden Base, Boost Non-Oil Revenues – Abbas President Bola Ahmed Tinubu on Friday presented before a joint sitting of the National Assembly the 2026 Appropriation Bill, which he described as a “Budget of Consolidation, Renewed Resilience and Shared Prosperity.” The proposal estimates total revenue at ₦34.33 trillion, while total expenditure is put at ₦58.18 trillion, including ₦15.52 trillion earmarked for debt servicing. Capital spending is projected at ₦26.08 trillion,...

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IMPI Says 14% Year-End Inflation Forecast Hinges On Tinubu’s Reforms

EconomyNewsNigeriaIMPI Says 14% Year-End Inflation Forecast Hinges On Tinubu’s Reforms

Uzoamaka Ikezue (Staff Reporter)December 19, 2025

The Independent Media and Policy Initiative (IMPI) attributes its successful forecast of a 14 percent inflation rate by the end of the year to a painstaking analysis of President Bola Tinubu’s economic policies over the last year. ‎ IMPI chairman, Dr Omoniyi Akinsiju, in a press statement on Thursday argued that while the President projected an ambitious 15% inflation rate in his 2025 budget speech, its analysts were convinced in September that the country would...

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Inflation Rate Drops to 14.45% as Food Prices Fall

EconomyNewsNigeriaInflation Rate Drops to 14.45% as Food Prices Fall

By Ezinwanne Onwuka (Senior Reporter)December 15, 2025

Nigeria’s headline inflation rate continued its sustained decline in November 2025, dropping to 14.45 per cent, the National Bureau of Statistics (NBS) has said, marking the eighth consecutive monthly reduction in consumer price pressures. In its latest Consumer Price Index (CPI) report, released on Monday, the NBS stated that the November figure was lower than the 16.05 percent recorded in October 2025. “This shows that the headline inflation rate on a year-on-year basis decreased in...

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Oluremi Tinubu Empowers 250 PWDs In Ekiti With N200,000 Each

EconomyNewsNigeriaOluremi Tinubu Empowers 250 PWDs In Ekiti With N200,000 Each

Uzoamaka Ikezue (Staff Reporter)December 4, 2025

…Launches Renewed Hope Initiative For Less Privileged The First Lady of Nigeria and National Chairman of Renewed Hope Initiative (RHI), Senator Oluremi Tinubu, on Wednesday, empowered 250 Persons With Disabilities (PWDs) in Ekiti State with a N50,000,000 grant to boost their economic independence and improve their livelihoods. Each of the PWDs was presented with N200,000 in cash at the event, held at the Lady Jibowu Hall, Government House, Ado-Ekiti. Speaking at the event, Senator Oluremi...

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Nigeria’s FX Reserves Hit $46bn, Highest Level Since 2018 — CBN

BusinessNewsNigeriaNigeria’s FX Reserves Hit $46bn, Highest Level Since 2018 — CBN

By Ezinwanne Onwuka (Senior Reporter)November 18, 2025

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has declared that the country’s foreign-exchange (FX) reserves have risen to over US$46 billion. Speaking at the opening of a colloquium to mark the 20th anniversary of the CBN’s Monetary Policy Department, Cardoso, represented by Deputy Governor Muhammad Abdullahi (Economic Policy Directorate), said the reserves level was the highest the country has recorded since 2018. He added that this amount could now cover more...

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Nigeria’s Inflation Rate Falls to 16.05 % in October — NBS

EconomyNewsNigeriaNigeria’s Inflation Rate Falls to 16.05 % in October — NBS

By Ezinwanne Onwuka (Senior Reporter)November 17, 2025

The National Bureau of Statistics (NBS) has reported that Nigeria’s headline inflation rate decreased to 16.05% in October 2025. This figure marks the seventh consecutive month of falling inflation. According to the NBS’s Consumer Price Index (CPI) report released in Abuja on Monday, on a year‑on‑year basis, the rate “was 17.82 % lower than the rate recorded in October 2024 (33.88 %).” The agency explained: “This shows that the Headline inflation rate (year‑on‑year basis) decreased in October 2025 compared...

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IMF Excludes Nigeria from List of Africa’s Fastest-Growing Economies

EconomyNewsNigeriaIMF Excludes Nigeria from List of Africa’s Fastest-Growing Economies

By Ezinwanne Onwuka (Senior Reporter)October 18, 2025

Nigeria has been omitted from the International Monetary Fund’s list of Africa’s fastest-growing economies, according to the latest Regional Economic Outlook: Sub-Saharan Africa launched during the IMF/World Bank annual meetings in Washington, D.C. In the release, the IMF named Benin, Côte d’Ivoire, Ethiopia, Rwanda and Uganda as the continent’s most rapidly expanding economies. The report states that the region has shown resilience to “a series of major shocks over the past several years,” and that...

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Nigeria, Austria Deepen Bilateral Economic Relations

NewsNigeriaPoliticsNigeria, Austria Deepen Bilateral Economic Relations

Uzoamaka Ikezue (Staff Reporter)October 16, 2025

Nigeria and Austria have committed to strengthening their bilateral economic relations, this is following high-level meetings between a delegation led by Minister of Budget and Economic Planning, Senator Abubakar Bagudu, and senior Austrian government officials. “With President Bola Tinubu’s bold reforms opening up the Nigerian economy for foreign and domestic investments, we are committed to long-term, strategic partnerships that create jobs, generate income, and promote prosperity,” Bagudu told Austria’s Vice Minister of Finance, Mag. Andreas...

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World Bank says Tinubu’s Reforms Stabilise Economy, Worsen Hardship

BusinessNewsNigeriaWorld Bank says Tinubu’s Reforms Stabilise Economy, Worsen Hardship

By Ezinwanne Onwuka (Senior Reporter)October 8, 2025

Economic reforms implemented in recent years have prevented Nigeria from plunging into a fiscal crisis and helped stabilise macroeconomic conditions, but they have also placed severe strain on ordinary citizens, with the number of poor Nigerians rising by an additional 58 million over six years, the World Bank has said. In its latest Nigeria Development Update (NDU), published in May 2025, the Bank cautioned that the gains from subsidy removal, foreign-exchange liberalisation and tax reform...

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