“Those groups are going to benefit immediately from the removal of the fuel subsidy,” he said.
Within the period under review, the federal government generated $820.8 million from 5G spectrum licences fees.
According to a new report from the World Bank, high interest rates and the Russian war in Ukraine continue to slow global economic growth significantly.
Mr Tinubu’s government has been given less than 25 days to increase the N30,000 minimum wage to N200,000. The government is also expected to grant workers a tax holiday.
“Well, there is nothing wrong with removing the subsidy, but there must be a palliative to cushion the effect of the subsidy.”
AfDB says Nigeria and other African economies are projected to grow by 4.1 per cent in 2023 and 4.3 per cent in 2024.
The Corporate Affairs Commission (CAC) will now make public profiles of owners of companies.
The federal government says Nigerians can now ask their banks to issue them a debit card that doubles as their national identity card at no extra cost.
CBN has announced the revocation of the licences of 132 microfinance banks, three finance companies and four primary mortgage banks across the country.
She said that the policy marked a significant milestone in the commission’s ongoing efforts to provide greater flexibility and access to pension funds for the benefit of RSA holders.
