Browsing: Bola Tinubu

President Bola Tinubu

In his inaugural address on May 29, President Bola Tinubu stated his plans to revive Nigeria’s ailing economy. After being sworn in as Nigeria’s 16th President, Tinubu expressed his immediate objective to achieve higher GDP of not less than 6 per cent annually and a significant reduction in the unemployment rate.…

President Ahmed Bola Tinubu removes Nigeria's fuel subsidy

At his inauguration, Nigeria’s new president, Bola Ahmed Tinubu, announced that his administration would do away with the fuel subsidy. The announcement resulted in a spark in prices and long queues in Nigeria as people rushed to buy fuel before the price increase when the policy took effect on July 1.

When the policy to remove Nigeria’s fuel subsidy takes effect, fuel prices in Nigeria are expected to jump from the official pump price of $0.4 to between $0.76 and $1.18. According to the United Nations, Nigeria’s rise in fuel prices will have widespread economic ramifications for over 133 million citizens plagued by multidimensional poverty.…

Subscribe to unlock this article

Login to read this article for free and get 3

Nigeria voting for change and economic rebound

Driven by a deep-seated hunger for change in Nigeria, on pins and needles citizens remain, eagerly awaiting the announcement of the country’s next president, which should happen any time from now, following the February 25th  general election. The slow collation and reporting of the votes by Nigeria’s electoral commission, the Independent National Electoral Commission (INEC), has only fueled the anxiety, coupled with whispers of electoral interference that the Commission has thwarted.

The three front-runners out of the initial 18 candidates are Peter Obi, Bola Tinubu and Atiku Abubakar. Results from 176,846 polling stations are being counted manually and then relayed electronically to the INEC’s headquarters in Abuja, which then posts them on its website.

As of February 28, Tinubu leads in 25 out of Nigeria's 36 states. Tinubu leads with 36% which translates to 7 million of the valid votes counted, Atiku is close behind with 30% an equivalent of…