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

OPay Introduces New Security Features for Customers

Published

1 day ago

June 29, 2026

Ese Ohwofa

Nigerian fintech company OPay has introduced new security features to improve the safety of its application.

The company unveiled the Emergency Lock and Safety PIN features to give customers better control over their funds and provide added protection against fraud and unauthorized transactions.

The Emergency Lock feature allows customers to instantly freeze their OPay account with a single tap whenever they sense a threat or believe their account may be at risk.

The newly launched Safety PIN introduces an additional layer of security, helping customers protect themselves in situations where they may be forced to make a transfer or payment against their will.

Business

Nigeria’s Agricultural Sector Cannot Thrive Without Investment – FG

Published

6 days ago

June 24, 2026

Ese Ohwofa

The Federal Government of Nigeria has spoken on the agriculture sector of the country and shared that, in its current state, it needs more capital as it cannot stand alone without it.

They stated that even more capital will be needed in order to transform the agricultural sector and improve food production in Nigeria.

“Relying solely on public capital will not suffice to finance the transformation of Nigeria’s agricultural sector. Similarly, private capital will not be mobilised at the necessary scale unless the associated risks are comprehensively understood, appropriately allocated, and effectively managed.”