Nigeria recorded improvements in key macroeconomic indicators, including stronger growth performance and declining inflation, the sacked finance minister, Wale Edun, has said.
A Hamas delegation arrived in Cairo, airport sources told newsmen, amid renewed negotiations for a ceasefire and prisoner exchange deal with Israel.
Mr Nnaji said the plant was conceived in March 2004 as “a child of necessity by the desire to increase power supply nationwide.”
The minister said that Nigerians were happy that the government was reducing borrowing.’’
According to the minister, the subsidy regime eroded revenues that should have been available to fund viable expenditures.
Samuel Nzekwe, a financial expert, has advised the incoming administration to license smaller modular refineries to end the fuel crisis in Nigeria.
“But we want to call on the minister of finance like the AGF (to) show regard and respect for the separation of powers.”
Finance minister, Zainab Ahmed, has however, said fuel subsidy payment by the federal government will be stopped in June 2023.
Ghana is experiencing its greatest economic crisis in a generation, with its local currency losing more than 50 per cent of its value against the dollar in 2022.
