Tag: Financial Times

‘Nigeria’s economic outlook uncertain despite CBN’s policies’ – PwC

Aminu Imam
PwC on 9ja economy

PwC, a professional tax and advisory firm, has stated that Nigeria’s economic outlook remains uncertain in spite of efforts made by the Central Bank of Nigeria (CBN) to ensure stability in the foreign exchange (FX) market, in order to attract investors. In its latest Nigeria Capital Market report, the PwC said that the rising inflationary trends and volatility in the country’s exchange rate is plaguing uncertainties to the FX market, dampening investors’ confidence. “Despite the hawkish stance by the CBN to maintain stability, Nigeria’s outlook is still quite uncertain as…

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“Tinubu’s economic policies disjointed, won’t end Nigerians’ hardship” – Financial Times

Aminu Imam
FT on Tinubu

President Bola Tinubu’s economic policies are disjointed, pushing tens of millions into misery and would not end Nigerians’ hardships, Financial Times of London has reported. In an editorial article assessing Tinubu’s over one year in office published on Wednesday, the newspaper dismissed “Tinubunomics,” a term blending Tinubu’s name with the last five letters of “economics,” as “disjointed.” “Tinubu­n­om­ics” is so dis­join­ted it barely deserves the name”, the Financial Times wrote, warning that: “Shock ther­apy will prob­ably fail if important adjust­ments are not made.” The newspaper said under Tinubu’s watch, “Hunger…

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‘Nigeria’s kidnapping racket, a symptom of a failing State’ – Financial Times of London Editorial 

Aminu Imam

The Financial Times of London, an international business newspaper, has stated that Nigeria’s kidnapping racket is a symptom of a failing State. In a scathing newspaper editorial column it posted during the week, the international business newspaper, hinted conspicuously that the Government has lost control of the country. Giving perceived solution to Nigeria’s problem, The Financial Times said: “Ever since Nigeria moved its capital to Abuja three decades ago, Africa’s most populous nation has been run from Aso Rock, a 400-metre granite monolith that doubles as the seat of government. “The fact that the…

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Fuel Subsidy Removal: Tinubu’s economic policies not living up to expectation – Financial Times Editorial

Aminu Imam

London-based Financial Times publication says there are signs of President Bola Tinubu’s economic reforms not going as planned. In an editorial, the publication noted that although Tinubu started well by removing fuel subsidy and moving towards a market-driven exchange, events in the past four months show that more work has to be done. “In removing a costly fuel subsidy and in shifting towards a market-driven exchange rate, which has sharply weakened a previously overvalued currency, he has gone some way towards persuading investors he is serious about reform. But four…

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2023: Financial Times passes vote of confidence on Osinbajo Presidency

Aminu Imam

The UK renowned world newspaper, The Financial Times of London, has endorsed Vice-President Yemi Osinbajo’s undeclared aspiration to contest for the office of Nigeria’s president in the 2023 general elections. The Financial Times stated that Nigerians will feel better with VP Yemi Osinbajo as president. In an editorial piece, titled: “What is Nigeria’s government for?” the Financial Times stated that if by miracle, Osinbajo makes it as Nigeria’s president, it will rekindle the hope of “the optimist”. In the article, released yesterday, the London-based newspaper noted that campaigns for the…

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“Your perception of Buhari’s administration wrong” – Presidency replies Financial Times

Aminu Imam

The Presidency has described as wrong, a Financial Times of London’s article on the state of security and the economy under President Muhammadu Buhari. It also added that the article is predictable from a correspondent who jets briefly in and out of Nigeria on the same British Airways flight he so criticises. The article, titled: ‘What is Nigeria’s Government for?’ by the Financial Times‘ African editor David Pilling, was published on January 31, 2022. In the article, Pilling said Buhari has “overseen two terms of an economic slump, rising debt…

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Nigeria at risk of becoming a failed state – Financial Times

Aminu Imam

Ø  As Northern Groups warn of more grave conflict in the region The well respected Financial Times of London, has described Nigeria as a country at risk of attaining the status of a failed State. The newspaper, in an editorial, yesterday, warned that if nothing is done and the country is allowed to continue in its current trajectory, it will soon become a problem far too big for the world to ignore. The newspaper highlighted the fact that Nigeria is plagued with terrorism, illiteracy, poverty, banditry, and kidnapping, while its…

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