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Former Finance Minister Aganga Explains the Reasons Behind Naira’s Weakness
Former Finance Minister Olusegun Aganga has offered insights into the ongoing depreciation of the Nigerian naira, attributing its continued weakening to the country’s heavy reliance on imports. Aganga emphasized that it is unwise to expend substantial resources defending the naira without concurrent investments in the manufacturing sector to boost the nation’s exports. He shared his […]
Appeal Court reverses INEC’s deregistration of 22 parties
The Court of Appeal held that the de-registration of the appellants was illegal. [logo-slider] See also Gov. Akeredolu sacks aide
“Federal Government Breaks Fiscal Responsibility Act, Secures Borrowing to Fund 2024 Workers’ Salary Review”
Amidst pressure from organized labor, there are signals that the Federal Government (FG) plans to resort to borrowing to implement its salary increase for federal workers in 2024. The Budget Office of the Federation (BOF) has disclosed details in the 2024 FG budget, attributing the escalating deficit to factors such as salary review. The estimated […]