Friday, May 9, 2025
The Witness Nigeria
No Result
View All Result
  • Home
  • News
    • International
    • Education
    • Health
    • Legislative
    • Judiciary
    • Security
    • Metro
    • Crime
  • Politics
  • Business
    • Economy
    • Labour
    • Oil & Gas
    • Agriculture
    • Aviation
    • Maritime
    • Banking
    • Energy
    • Communication
    • Technology
  • Special Reports
    • Anti-Corruption
    • Investigations
    • Interviews
    • Sponsored
  • Arts & Life
    • Art
    • Books
    • Fashion
    • Lifestyle
  • Entertainment
    • Movies
    • Music
    • Weekend Gist
  • Opinion
    • Editorial
    • Facts Check
    • Columns
  • Home
  • News
    • International
    • Education
    • Health
    • Legislative
    • Judiciary
    • Security
    • Metro
    • Crime
  • Politics
  • Business
    • Economy
    • Labour
    • Oil & Gas
    • Agriculture
    • Aviation
    • Maritime
    • Banking
    • Energy
    • Communication
    • Technology
  • Special Reports
    • Anti-Corruption
    • Investigations
    • Interviews
    • Sponsored
  • Arts & Life
    • Art
    • Books
    • Fashion
    • Lifestyle
  • Entertainment
    • Movies
    • Music
    • Weekend Gist
  • Opinion
    • Editorial
    • Facts Check
    • Columns
No Result
View All Result
The Witness Nigeria
No Result
View All Result
Home News National

Tinubu met a bad economy, high rate of unemployment – FG

by Godwin Onoh
August 28, 2023
in National
One year of Tinubu's oil and gas reforms: Counting the gains, By Olutayo Isaac

Bola Tinubu

6
VIEWS
Share on WhatappShare on FacebookShare on Twitter

The Federal Government says the President Bola Tinubu-administration met a bad economy with inflation at 24 percent and an unacceptable high rate of unemployment.

Wale Edun, Minister of Finance and Coordinating Minister of the Economy, made this known while speaking with journalists at the end of the inaugural Federal Executive Council, FEC, meeting held Presidential Villa in Abuja on Monday.

Asked to describe the kind of economy the government met on ground, he said: “Per capital has fallen steadily, inflation is at 24 percent, unemployment is high; you know they are rebasing the way in which it’s calculated.

“Either way, it is high and youth unemployment is even unacceptably high. These are the key metrics that we have met.”

Asked to be specific on the the kind of economy the Tinubu administration met on ground, the Minister said, “We met a bad economy and the promise of Mr. President is to make it better.”

He also said that the Federal Government is not in a position to borrow money at this time, adding the emphasis is on how to create a macro-economic environment where both local and foreign investors will invest and increase production.

On her part, the Minister of Trade and Investment, Dr. Doris Anite, said that the President has promised to create 50 million jobs.

Meanwhile, President Tinubu has given the cabinet members a marching order to marshal the revival of the economy and make life more bearable for the people.

The marching order was given at the council meeting where “Roadmap for the economy” presented by the Minister of Finance and Coordinating Minister for the Economy was considered.

Edun said the council agreed that the economy is not where it should be.

He said FEC examined eight priority areas and identified targets to deliver in the next three years.

He affirmed that President Tinubu had charged the ministers to roll out policy and programmes to turn around the economy.

Tags: Bola TinubuNigeria EconomyTinubu

Related Posts

N4.64bn Misappropriation: Hold Fashola accountable, not me - Umahi
National

N4.64bn Misappropriation: Hold Fashola accountable, not me – Umahi

November 20, 2024
Tinubu seeks approval for $2.2bn fresh external loan
National

Tinubu seeks NASS approval for $2.2bn fresh loan

November 20, 2024
Withheld salaries: Varsity workers suspend strike
National

Withheld salaries: Varsity workers suspend strike

November 4, 2024
Gunmen attack Benue community, burn down houses
National

Gunmen attack Benue community, burn down houses

October 13, 2024
Boat with over 200 passengers capsizes in River Niger
National

Lagos Boat Mishap: Operator arrested for violating safety code

October 10, 2024
Many displaced as flood submerges over 70 communities in Kogi
National

Many displaced as flood submerges over 70 communities in Kogi

October 5, 2024
Next Post
Tinubu will sack any incompetent minister - Spokesperson

Tinubu will sack any incompetent minister - Spokesperson

 

JHU AD  x

 

 

UBA

The witness

The Witness Newspaper is a credible Nigerian media organisation in both tabloid and online format with the mission of bringing its readers accurate and reliable information without bias, about happenings within the nation and abroad.

Categories

  • Aviation
  • Banking
  • Business
  • Crime
  • Economy
  • Education
  • Energy
  • Entertainment
  • Health
  • Inside Nigeria
  • International
  • Investigations
  • Judiciary
  • Lifestyle
  • Metro
  • Music
  • National
  • News
  • Oil & Gas
  • Opinion
  • Politics
  • Security
  • Southern Witness
  • Special Features
  • Sport
  • World

Recent Posts

  • Yuletide: FG declares Dec 25, 26, Jan 1 as public holidays
  • BREAKING: Many feared dead in Abuja stampede
  • Many die in stampede during Earnest Azudialo-Obiejesi food distribution in Anambra
  • BREAKING: Court grants Dele Farotimi bail in ‘defamation’ case
  • Raining curses on someone online is criminal offence – Police
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions

The Witness Nigeria © 2017 - 2024.

No Result
View All Result
  • Home
  • News
    • International
    • Education
    • Health
    • Legislative
    • Judiciary
    • Security
    • Metro
    • Crime
  • Politics
  • Business
    • Economy
    • Labour
    • Oil & Gas
    • Agriculture
    • Aviation
    • Maritime
    • Banking
    • Energy
    • Communication
    • Technology
  • Special Reports
    • Anti-Corruption
    • Investigations
    • Interviews
    • Sponsored
  • Arts & Life
    • Art
    • Books
    • Fashion
    • Lifestyle
  • Entertainment
    • Movies
    • Music
    • Weekend Gist
  • Opinion
    • Editorial
    • Facts Check
    • Columns

The Witness Nigeria © 2017 - 2024.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.