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The Business NG - October 21, 2024

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World Bank Endorses Tinubu's Economic Policy, but Nigerians Feel the Pinch_

The World Bank has praised President Bola Ahmed Tinubu's economic policy, saying Nigeria's economy will transform if reforms continue. However, many Nigerians are struggling due to the falling naira, rising food prices, fuel costs, and electricity tariffs.

The removal of subsidies has led to price increases, causing hardship. The official exchange rate has risen from N460/$ to N1,600/$, and the parallel market rate has increased from N750/$ to N1,700/$.

While the World Bank celebrates the "technical" results, many Nigerians are wondering when they will see the benefits. The reforms have increased the cost of living and eroded purchasing power.

The Business NG Description:

Forlegger: Tuns-Media-&-Comm-Enterprise

Kategori: Newspaper

Språk: English

Hyppighet: Weekly

The BusinessNG, a leading business news publication across Nigeria and WestAfrica With a strong team of 30 staff members and a weekly print circulation of over 10,000 copies, we are poised for growth and report all political relating to business news at all level