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IMPI Supports Tinubu’s Policies, Sees Economic Benefits
The Independent Media and Policy Initiative (IMPI) has endorsed President Bola Tinubu’s policies, suggesting they will positively influence the Nigerian economy despite some short-term challenges. Niyi Akinsiju, Chairman of IMPI, drew parallels between Tinubu’s policy approach and that of former Western leaders, noting how initially criticized policies later proved successful. He highlighted how President Ronald Reagan’s economic strategies, once dubbed “voodoo” economics, eventually led to significant prosperity, drawing a similar hopeful outlook for Tinubu’s initiatives.
Akinsiju also detailed IMPI’s analysis of Tinubu’s recent speech, pointing out the cost-effectiveness of compressed natural gas (CNG) compared to petrol. He praised the administration’s ongoing projects, including the Consumer Credit Corporation and the Nigeria Education Loan Fund, which have already disbursed over N2.5 billion. Additionally, Tinubu’s iDICE program, designed to boost the tech industry, promises job creation and innovation. IMPI also commended Tinubu for reducing debt servicing costs and enhancing national revenue without raising taxes or increasing debt.
TV anchor Rufai Oseni makes headlines as he speaks on fuel subsidy in Nigeria. He shared that Nigeria can have fuel subsidy without the long queues at filling stations.
“When we were still paying subsidies, there were no long queues. We were subsidising. So you can still have a subsidy regime going on, and there will be no long queues because production was close by. Dangote had it. That’s just it. That argument also falls flat.
“The biggest beneficiaries of subsidy are not Nigerians. They are crony capitalists that have big infrastructure, and they do contracts. They have been the biggest beneficiaries of the subsidy,” he said.
Lagos State Governor, Sanwo-Olu, speaks to those in the electricity sector about the usual blackouts in the state.
He speaks on ways things can change in the state and how electricity can be provided.
“We need to drop corporate egos, abandon long-standing excuses, and confront the harsh realities obstructing progress in the power sector.”
“We, state governments, used to give excuses that everything is centralised, so the Federal Government has unbundled it now. What have we done in a year and a half?” Sanwo-Olu asked.
“We take two steps forward, we go five steps backward,” he said.
Lagos State Governor Babajide Sanwo-Olu has declared Thursday, August 20, a work-free day for public servants in the state to mark the Isese Festival.
Speaking on the celebration, he said “Ìṣẹ̀ṣe is not a relic. It is a living expression of our traditions and a celebration of Yoruba spirituality as an important part of Nigeria’s cultural and religious landscape,” he said.
He added “When the drums sound in Lagos on Thursday, they answer drums in Havana, in Salvador, in Port of Spain. Fifty-five million people and counting. Lagos is not observing a local holiday. Lagos is standing at the centre of a global heritage,” Aregbe said.
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