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President Bola Tinubu declared on Thursday his government would not go back on the ongoing reforms in the country. The current administration has come under severe criticism over the removal of fuel subsidy and measures aimed at strengthening the naira which many have identified as the causes of the current economic hardship in the country. The president, according to a statement issued by his Special Adviser on Media and Publicity, Ajuri Ngelale, spoke when a delegation from the Corporate Council on Africa (CCA) led by CCA’s President and Chief Executive Officer, Florizelle Liser, visited him at the State House, Abuja. Tinubu told the delegation he would not relent until his vision for Nigeria was achieved, adding that his administration would implement necessary economic reforms to facilitate business growth and create investment opportunities that support the growing population. He said: “I am happy that the Council is interested in various segments of Nigeria’s economy. We are righ...

Governor of Central Bank of Nigeria, CBN, Dr. Olayemi Cardoso, on Thursday, begged Nigerians to be patient, as the management of the apex bank is doing everything possible to ensure that the Naira is strengthened. Cardoso said this at the Be patient, CBN working to strengthen Naira – Cardoso begs Nigerians Governor of Central Bank of Nigeria, CBN, Dr. Olayemi Cardoso, on Thursday, begged Nigerians to be patient, as the management of the apex bank is doing everything possible to ensure that the Naira is strengthened. Cardoso said this at the 2024 public lecture entitled: ‘Recent Developments in a Nigerian Foreign Exchange Market: Issues, Options and Way Forward’, organised by the Nigerian Economic Society, NES, at the CBN Centre of Excellence Hall, University of Ibadan. The CBN governor, who was represented at the event by Dr. Usman Opanachi of the Department of Monetary Policy, CBN said: “Anytime the Naira is on trial, the CBN is also on trial. We are working day and night to address t...