Index to Nigerian Newspapers

Nigerians had a glimpse of the economic outlook yesterday. 

Vice President Kashim Shettima and Minister of Finance and Coordinating Minister of the Economy Mr Wale Edun said Nigerians should expect significant improvements in the overall economic performance.

The assurances came as the National Bureau of Statistics (NBS) indicated that the unemployment rate reduced from 5.3 per cent in the fourth quarter of 2022 to 4.1 per cent in the first quarter of 2023.  

Edun said ongoing government initiatives would put an end to hyperinflation and a decade-long decline in Gross Domestic Product (GDP) per capita. 

He spoke at the retreat fro the Presidential Committee on Fiscal Policy and Tax Reforms in Abuja. 

Fuel subsidies are no longer in effect, according to President Bola Ahmed Tinubu, because continuing to pay them would have bankrupted the nation. Cities once again saw lines for gasoline. For the payouts, N3.36 trillion was allocated. Every borrowing the nation makes is impacted by it. The bond market rose in value. that we will encounter issues with them. In accordance with the Appropriations Act, as it actually transpired. When the economic indexes get challenging, it increases. Every three litres are being subsidised by the government with N100. After the meeting, Kyari spoke to the media and reported that the nation's refineries were being restored. The rehabilitation effort is ongoing. The withdrawal of the subsidies, according to Kyari, who observed that the party was better informed.