…with massive leakages, fraudulent claims, inefficiency, and a significant drain on public finances.” He warned that reviving the system “without clearly addressing these problems risks misleading Nigerians for short-term political gains and could reverse the fiscal space now supporting critical national investments,” i…

…of the product.The government defended the decision as necessary to reduce pressure on public finances and redirect resources towards infrastructure and social programmes. The policy, however, triggered a sharp increase in petrol prices and contributed to higher transportation and living costs, making subsidy removal o…

…to markets and financing, strengthen manufacturing and agro-processing, and ensure public finances are managed with clear accountability for every naira spent.Security and healthcare commitmentsOn security, Obi said insecurity had displaced millions of Nigerians and continued to damage agricultural output and economic…

…This, he said, was particularly given the enormous fiscal burden subsidies placed on public finances and the distortions it created in the economy. According to the statement, Yilwatda made the remarks during a visit to the headquarters of the City Boy Movement in Abuja, where he inspected the organisation’s facilities…

…He warned that restoring petrol subsidy would therefore place an additional burden on public finances. The minister said the Organised Private Sector and other stakeholders in the economy had similarly cautioned against reversing the ongoing reforms. “Nigeria cannot build tomorrow’s economy by returning to yesterday’s…

…highlighting the pressure that the depreciation of the naira placed on the country’s public finances, while N1.24tn was attributed to the impact of monetary policy decisions on domestic debt service. Social welfare transfers accounted for N424bn, while N419bn went to the FCT, Ecological Fund and Natural Resources-relat…

…Presidency, however, defended the reforms, with Tinubu saying the policy strengthened public finances and dismissing Atiku’s position as a lack of understanding of economic management. ‘No justification for failure’ As governors continue to receive higher FAAC allocations under the Tinubu administration, former senator…

…as governor of Anambra State, he said his background had equipped him with knowledge of public finance, institutional management and development. He said he was entering the 2027 presidential contest with the conviction that “Nigeria can work, and Nigeria must work.” “Our task is to turn these possibilities into result…

…Municipal Local Government said the previous subsidy system placed a heavy burden on public finances and distorted the country’s petroleum market. Alfindiki also questioned Atiku’s current position, noting that during the 2023 presidential campaign, the former vice president had proposed removing the petrol subsidy wit…

…pipeline surveillance has begun restoring it,” he stated. Further benefits extend into public finance. Higher accounted-for production translates directly into increased export revenues, improved foreign exchange inflows, and strengthened fiscal capacity. National oil company performance in recent years illustrates thi…

…reforms and stronger collaboration with the media in promoting accountability in public finance. In his vote of thanks, the Chairman of the Public Affairs and Communication Committee and Federal Commissioner representing Kwara State on the commission, Ismail Muhammed Agaka, commended the media for its role in strengthe…

…made no significant progress in improving its public financial management or opening its public finances. In its 2026 Fiscal Transparency Report, the State Department evaluated 139 governments alongside the Palestinian Authority, finding that only 73 met basic benchmarks. Nigeria was grouped among 53 nations assessed a…

…oil remains the country’s largest source of foreign exchange and a major contributor to public finances. The NRS also pointed to developments in the capital market as another indication of improving economic confidence. It said the market capitalisation of the Nigerian Exchange had risen from N30.36tn in 2023 to N161tn…

…the same period.Shehu said fuel subsidy payments represented a significant drain on public finances. Other deductions from crude oil revenue included ₦16.20 billion for crude and petroleum product losses, ₦22.05 billion for pipeline repairs, and ₦6.75 billion for strategic stock holding. He also raised concerns about t…

…in road construction, rail development and fiscal reforms designed to strengthen public finances, improve revenue generation and reduce leakages. The post 2027: Paper certificates don’t guarantee good leadership, Obidike defends Tinubu appeared first on Vanguard News.

…over a decade of experience covering Nigeria's economy, capital markets, banking, and public finance.The Debt Management Office (DMO) has opened subscriptions for two Federal Government of Nigeria (FGN) Savings Bonds, offering investors the opportunity to invest from N5,000, with each unit priced at N1,000.According to…

…Also on Wednesday, Atiku accused Tinubu’s administration of losing control of Nigeria’s public finances following a report by The PUNCH that the Federal Government borrowed far above the limit approved by the National Assembly in the 2024 fiscal year. Atiku said the latest figures, which showed that the Federal Governm…

…fiscal and macroeconomic reforms aimed at restoring economic stability, strengthening public finances and supporting long-term growth. The commitment was made at a farewell dinner in Abuja held in honour of the outgoing IMF Resident Representative in Nigeria, Dr Christian Ebeke, according to a statement signed on Sunda…

…manifesto, proposing the deployment of artificial intelligence to manage Nigeria’s public finances and drone technology to strengthen national defence. In separate posts shared on his verified X handle on Friday, Sowore said his administration would leverage emerging technologies to tackle corruption, improve transpare…

…This issue goes beyond naira and kobo. And then there is the small matter of managing public finances in Nigeria. Last year, WAEC raked in over N54 billion (N54,264,457,500), and NECO nearly N37 billion (N36,914,670,000), for the same examinations alone. Given our experience with public finances, it is a fair question…

…Fiscal Responsibility Act, raising fresh concerns over the sustainability of Nigeria’s public finances. The report also faulted key assumptions underpinning the 2026 budget, warning that ambitious revenue projections could further worsen the country’s debt burden if they are not realised. It noted that the government w…

…are recovered. Atiku pledged that an ADC administration would restore credibility to public finance through transparent budgeting, zero-based expenditure planning, digital public expenditure tracking and strict personal accountability for public officers. “When the owner of the barn invites goats to keep watch over his…

…“The administration inherited multiple exchange rates, fuel subsidy distortions, weak public finances, and an inefficient tax system that imposed heavy compliance costs on businesses,” Oyedele said. He continued, “We chose reform over postponement because delaying difficult decisions would have taken the economy closer…

…for evidence-based economic policymaking. He said its membership comprised economists, public finance experts, governance professionals, development practitioners and private sector representatives who would provide strategic advice on fiscal reforms, government efficiency, stakeholder engagement and economic coordinat…

…than remove counterfeit bottles from shop shelves. It will protect consumers, strengthen public finances, encourage investment and restore confidence in an industry that contributes billions of dollars to economic activity and supports thousands of jobs. More importantly, it will demonstrate that Nigeria is serious abo…