Nigeria economy – InfoStride News

Hardship Pushing Nigerians Into Mental Stress — Peter Obi

Ifeanyi Nwagboso — Sat, 11 Oct 2025 11:00:29 +0000

The 2023 Labour Party presidential candidate, Peter Obi, has expressed deep concern over the rising level of mental stress among Nigerians, attributing it to the worsening economic hardship across the country. In a post on his verified X handle on Saturday to mark World Mental Health Day, Obi said that poverty, unemployment, and the daily [...]

Source from InfoStride News

Tinubu’s Government Better than PDP Era, Nigerians Happier – APC Chieftain Agbakahi Claims

Ifeanyi Nwagboso — Thu, 17 Jul 2025 13:00:56 +0000

Amidst mounting economic challenges across the country, a chieftain of the All Progressives Congress (APC), George Agbakahi, has asserted that Nigeria is in a better state under President Bola Tinubu’s administration compared to previous Peoples Democratic Party (PDP) governments. Agbakahi made this assertion on Thursday during an interview on Arise Television’s News Programme, insisting that [...]

Source from InfoStride News

Nigeria’s Economy Was in Disarray Before Tinubu’s Election – Akpabio

Ifeanyi Nwagboso — Tue, 31 Dec 2024 10:00:14 +0000

Senate President, Chief Godswill Akpabio, has stated that Nigeria’s economy was already in a critical state before President Bola Tinubu assumed office in 2023. Speaking during his Constituency Briefing and Empowerment event held in Ikot Ekpene, Akwa Ibom State, on Monday, Akpabio emphasized that Tinubu was committed to fixing the economy and improving the lives [...]

Source from InfoStride News

Reno Omokri: Ten Fact-Based Reasons Why Nigeria’s Economy is Not in Shambles

Ifeanyi Nwagboso — Sun, 22 Dec 2024 21:00:30 +0000

Reno Omokri, former presidential aide and socio-political commentator, has countered claims that Nigeria’s economy is in shambles, offering ten fact-based reasons to support his stance. Omokri’s statement, released on Sunday, comes in response to recent remarks by a Nigerian entertainer describing the economy as dire. He cited Bloomberg’s report on the $2.5 billion investment by [...]

Source from InfoStride News

Nigeria’s Inflation Rate Drops to 32.15% in August, NBS Reports

Ifeanyi Nwagboso — Sun, 15 Sep 2024 20:00:36 +0000

Nigeria’s inflation rate fell to 32.15% in August 2024, a slight drop from the 33.40% recorded in July, according to the latest Consumer Price Index (CPI) and Inflation Data released by the National Bureau of Statistics (NBS) on Monday. The report highlights a 1.25% decrease in the country’s headline inflation, marking the second consecutive month [...]

Source from InfoStride News

World Bank says forex crisis, fuel subsidy, others are offsetting Nigeria’s gains from rising oil prices

Temitope Nlewemchi — Mon, 04 Jul 2022 02:56:36 +0000

Foreign exchange crises, high inflation, and fiscal pressures generated by fuel subsidies, according to the World Bank, distort the benefits of a growing non-oil sector and high oil prices. Nigeria’s growth prospects have improved for the next three years, mainly to a stronger non-oil recovery and higher global oil prices. However, Nigeria’s macroeconomic framework has [...]

Source from InfoStride News

How Nigeria can tap $53trillion global ESG fund for oil projects

Temitope Nlewemchi — Fri, 23 Jul 2021 09:42:14 +0000

Projected to hit $53 trillion by 2025, the global Environmental Social and Governance (ESG) assets can provide leeway for most oil and gas projects in Nigeria, especially the private and public sector, to address inherent hindrances. Across the world, investors are now shifting attention to ESG, applying the non-financial factors as part of the key [...]

Source from InfoStride News

VP Osinbajo canvasses inclusive trade to boost sub-regional economy

Temitope Nlewemchi — Mon, 19 Jul 2021 20:29:35 +0000

Vice President Yemi Osinbajo has stressed the need to drive more inclusive trade initiatives and expand intra-regional trade in the ECOWAS sub-region going by the opportunities presented by the African Continental Free Trade Area (AfCFTA) agreement. Osinbajo spoke at the weekend in Abuja at the inaugural gala of the Economic Community of West African States [...]

Source from InfoStride News

Nigeria’s GDP may decline by $139bn in 2030 –World Bank

Temitope Nlewemchi — Sun, 11 Jul 2021 21:51:29 +0000

A new World Bank report estimates that the collapse of ecosystem services provided by nature including wild pollination, food from marine fisheries and timber from forests could result in Nigeria’s GDP declining by $139bn in 2030. The report titled ‘The economic case for nature’ underscored the strong reliance of economies on nature, particularly in low [...]

Source from InfoStride News

VP Osinbajo: Nigeria’s economy did not deteriorate as feared

Temitope Nlewemchi — Thu, 08 Jul 2021 06:35:42 +0000

According to Vice President Yemi Osinbajo, thanks to the federal government’s COVID-19 stimulus package, the Nigerian economy did not degenerate as feared and at least over 2 million jobs have both been created and saved with the implementation of the Economic Sustainability Plan (ESP). The Osinbajo-led Economic Sustainability Committee (ESC) also reiterates that although the [...]

Source from InfoStride News