Business

Finance Minister Promises Affordable Food and Lower Inflation Under Tinubu’s Government

Published

2 years ago

August 22, 2024

Photo source: Twitter

Finance Minister Wale Edun has assured that President Bola Ahmed Tinubu’s administration is committed to ensuring that food remains both available and affordable for Nigerians.

Speaking at the National Economic Dialogue 2024 organized by the Nigerian Economic Summit Group in Abuja on Wednesday, Edun emphasized the government’s dedication to continuing the trend of decreasing inflation rates.

Despite Nigeria’s 25 years of democratic governance, Edun acknowledged that the nation’s economy remains on a growth trajectory. He highlighted the administration’s focus on not only sustaining but accelerating progress in this area.

“While democracy is not the sole method for organizing a society, it is widely regarded as the most effective. We are continually striving to enhance our democratic practices, and today’s dialogue represents a step in that direction,” Edun remarked.

The Minister noted that there has been a reduction in inflation, with recent data from the National Bureau of Statistics indicating a drop to 33.40 percent as of July. This decline is a positive sign, and the government is determined to maintain this downward trend in inflation, particularly concerning food prices.

Edun reiterated that making food more accessible and affordable is a key priority for the administration in the short term. However, despite these efforts, many Nigerians continue to face economic hardships due to high prices for goods and services.

The government’s ongoing commitment is to address these challenges and improve economic conditions for citizens.

Business

Aliko Dangote Speaks on His Children and Carrying on His Family Name

Published

5 days ago

September 15, 2026

Ese Ohwofa

Aliko Dangote speaks on his lineage and addresses not having a son as he was asked about not having a son to carry his name and achievements.

“That is not my priority because God controls everything. You can pray for God to give you a son, but he might be the one to take down the name of the family.”

Instead, he shared that he does not mind not having a son. “I don’t think a son would have done better than the three daughters I have.”

Aside from that, he was also asked about giving advice to young Nigerians. “Work hard, be consistent, focused and know what you want to do.”

Business

Dangote Investment Draws Huge Traffic to Bamboo, Cowrywise Platforms

Published

5 days ago

September 15, 2026

Ese Ohwofa

It can be reported that following Aliko Dangote’s investment opportunity, some investment platforms are experiencing huge traffic, causing their platforms to become slow and go down.

Two platforms openly announced their issues. Bamboo said “Hey everyone, we’re getting a much higher than expected traffic trying to get into the Dangote IPO and it’s making it difficult for some users to log into the Bamboo app. We’re working on a fix and it will be up and running shortly.”

Cowrywise also said “We’re currently seeing more traffic than usual on the Cowrywise app. Our team is already on it and working to get things back to normal. Thanks for your patience, everyone.”

Business

Economist Bismarck Rewane Speaks on Dangote Refinery Investment

Published

1 week ago

September 11, 2026

Ese Ohwofa

Nigerian economist Bismarck Rewane advises Nigerians financially, sharing that Nigerians should engage in the Dangote Refinery initial public offering (IPO). He stated that it was a good investment.

He shared “You are better off with your N5,000 share than selling your PVC for N10,000 or N15,000 and consuming it,” Rewane said.

“If you can get 10 million shareholders to participate in the IPO, the Dangote Refinery will have the largest number of shareholders in the world,” he said.