News
We Have Plans to De-dollarise the Nigerian Economy to Strengthen the Naira — Olawale Edun
Nigeria’s Minister of Finance, Olawale Edun, has announced the government’s plans to de-dollarise the Nigerian economy in a bid to strengthen the Naira.Edun emphasized that reducing the nation’s dependency on the U.S. dollar for international transactions is critical to stabilizing the Naira and boosting the country’s economic resilience.
Edun highlighted that the dependence on the dollar for trade and financial dealings has negatively impacted the Naira, leading to depreciation and inflation.The government aims to diversify its foreign exchange reserves, promote the use of the Naira in international trade, and encourage foreign investment in local currency, thereby reducing demand for foreign currency.
In conclusion, the Finance Minister’s declaration signals a bold move toward restoring the Naira’s value by reducing the economy’s dependence on the dollar. This policy, if well carried out, could play a significant role in boosting Nigeria’s economic growth.
A viral clip has made its way online showing a police officer in Delta State shooting a suspect who had already been restrained.
It can be noted that the suspect was pleading, claiming he had been framed and deceived, and said he would lead them to the right place.
However, while he was pleading, the police officer shot him. The officer later stated that the suspect was armed with a gun.
It was later revealed that the police officer has been arrested, as it is against the law to shoot a restrained suspect.
It was reported by the Kogi State Government that 24 children were abducted from an orphanage home. It was shared that this happened on the 26th of April, Sunday, and gunmen were seen in the area that day.
The information was shared by the Commissioner of Information, Kingsley Fanwo, who shared this sad news and described it as unfortunate.
“We condemn in strong terms the abduction of innocent children from an orphanage, the government is working closely with security operatives to ensure their safe return,”
Ghanaian media personality Afia Schwarzenegger speaks on the xenophobia issues occurring around Africans in South Africa.
She stated that Ghana is not the same as Nigeria and shared that if such issues happen to Ghanaians in South Africa, they will speak up and not keep quiet. She added that they will react.
“Ghana is not like Nigeria and we won’t hesitate to return the stupid favour.”
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