• About Us
  • Contact Us
  • Privacy & Policy
Friday, July 11, 2025
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
Advertisement
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
No Result
View All Result

Nigeria’s Economic Future Hangs in Balance, Experts Warn

Vincent Amadi by Vincent Amadi
August 22, 2024
in Economy
Reading Time: 2 mins read
A A
0
Nigeria’s Economic Future Hangs in Balance, Experts Warn
Share on FacebookShare on TwitterShare on WhatsappShare on EmailShare on Telegram


Nigeria’s Minister of Finance and Coordinating Minister for Economic Affairs, Wale Edun, Chairman of the Nigeria Economic Leaders Group (NESG), Olayinka Yusuf, and other public and private sector stakeholders agree that comprehensive reforms are needed to address the country’s economic challenges.
They discussed the Nigerian economy at a National Economic Dialogue organized by the NESG with the theme “Nigeria’s Economic Future: 25 Years of Democracy and Beyond.” The dialogue is a prelude to the 30th Economic Summit scheduled to be held in October.
The Finance Minister stressed the central role of ongoing macroeconomic reforms in shaping Nigeria’s economic future.
Reflecting on 25 years of democracy, the Honourable Minister stressed the need for continued progress in governance and expansion of economic opportunities.

He pointed to recent initiatives such as the issuance of the first domestic US Dollar-denominated bond that is expected to attract Nigerian savings from abroad and spur domestic economic growth.

While acknowledging the existing challenges, Edun reiterated the government’s commitment to contain food inflation and improve food security. He also stressed the value of coherent strategic planning and the importance of learning from successful international models.


In his welcoming speech, NESG’s Yusuf highlighted challenges impeding Nigeria’s economic growth, including poor governance, poverty, unemployment, and insecurity. Emphasizing that overcoming these obstacles will require concerted efforts from all stakeholders, he thanked NESG for its key role in facilitating these important economic discussions and reiterated President Tinubu’s unwavering commitment to promoting comprehensive economic reforms.
Notable participants included Chief of Staff to the President Femi Gbajabiamila, Minister of Budget and Economic Planning Atiku Bagudu, and Chairman of the All Progressives Congress Abdullahi Ganduje, among others.
Meanwhile, Chief of Staff to President Tinubu, Femi Gbajabiamila, stressed the need for collaboration between the government, the private sector, and well-meaning Nigerians in finding solutions to the multiple challenges facing the country, saying the government is grappling with these challenges that it cannot address alone.
“Of course, it is the responsibility of the Federal, State, and local Government Areas to find and implement necessary answers to the problems that confront us today. The government alone cannot define the future of any nation. All hands must be on deck. We just need to keep on pushing and pushing to solve these challenges.
“For us to have an economic future, it has to be predicated on democracy. The two are Siamese twins.
“Nigeria belongs to us all. We have the responsibility to build it and leave a legacy which we will be proud of. It can only be achieved through joint efforts,” Gbajabiamila said.

Tags: business
Vincent Amadi

Vincent Amadi

Related Posts

Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion
Economy

Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion

2 weeks ago
IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s
Economy

IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s

3 weeks ago
Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments
Economy

Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments

3 weeks ago
PETROAN kicks against Dangote’s petrol distribution strategy
Economy

PETROAN kicks against Dangote’s petrol distribution strategy

3 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

NATIONS NEWS

Nigeria’s Economy Recovering Under Tinubu’s Bold Reforms — Information Minister
National

Nigeria’s Economy Recovering Under Tinubu’s Bold Reforms — Information Minister

3 hours ago
2027 ELECTIONS: Aregbesola: United Opposition Can Defeat APC in 2027 Elections
National

2027 ELECTIONS: Aregbesola: United Opposition Can Defeat APC in 2027 Elections

3 hours ago
Asue Ighodalo Rejects Supreme Court Verdict, Calls Edo Election a “Coordinated Robbery”
National

Asue Ighodalo Rejects Supreme Court Verdict, Calls Edo Election a “Coordinated Robbery”

18 hours ago
Ukraine’s drone strike hits Russian airbase targets
National

Security operatives neutralise 30 bandits in Katsina counter-attack

1 day ago
Constituency Allowance: Legislative Member Rekindles Debate,  Admits Senators, House Members Receives N2b, N1b
National

Senate Targets Electricity Infrastructure Vandalism with New Amendment Bill

1 day ago
Ribadu Warns of Money Laundering, Drug Trafficking via Illegal Charter Operators
National

NSA Ribadu: Nigeria Is Safer, More Stable, and Ready for Investment Under Tinubu

1 day ago

POLITICS

Coalition’s ADC lack political ideology — Onanuga

2027 ELECTIONS: Tinubu Will Defeat Atiku and Obi in 2027, Says Presidency

3 hours ago
ADC, APC woo Kwankwaso  ahead of 2027 elections

ADC, APC woo Kwankwaso  ahead of 2027 elections

2 days ago
Coalition’s ADC will collapse in 6 months — Daniel Bwala

Coalition’s ADC will collapse in 6 months — Daniel Bwala

2 days ago
Will the opposition coalition bring back fuel subsidy?  — Katsina Governor Radda

Will the opposition coalition bring back fuel subsidy?  — Katsina Governor Radda

3 days ago
PDP BoT member, Waziri, former Katsina PDP chairman, Uli, joins coalition’s ADC

PDP BoT member, Waziri, former Katsina PDP chairman, Uli, joins coalition’s ADC

3 days ago
Coalition’s ADC takes over of PDP structures in North East

2027 election: Presidency scheming to destroy our party — ADC alarms

3 days ago

YOUR ECONOMY

Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion
Economy

Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion

2 weeks ago
IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s
Economy

IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s

3 weeks ago
Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments
Economy

Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments

3 weeks ago
PETROAN kicks against Dangote’s petrol distribution strategy
Economy

PETROAN kicks against Dangote’s petrol distribution strategy

3 weeks ago
Dangote Refinery Begins Distribution of Petrol Nationwide
Economy

Dangote Refinery Begins Distribution of Petrol Nationwide

4 weeks ago
Nigeria Stock Exchange to Partner with Hong Kong’s Stock market
Economy

Nigeria Stock Exchange to Partner with Hong Kong’s Stock market

1 month ago

E & P

Victor Osimhen Transfer Drama Escalates as Napoli Rejects Galatasaray’s Third Bid
Sports

Victor Osimhen Transfer Drama Escalates as Napoli Rejects Galatasaray’s Third Bid

by Steven Atogi
18 hours ago
0

Victor Osimhen transfer drama has intensified after Napoli rejected Galatasaray’s third bid, citing unacceptable payment terms.Galatasaray offered to pay Osimhen’s...

Oliseh Warns Osimhen Against Galatasaray Return, Urges Premier League Move

Oliseh Warns Osimhen Against Galatasaray Return, Urges Premier League Move

2 days ago
Just In: Osimhen agrees on personal terms with Galatasaray, rejects Al Hilal €75m bid

Just In: Osimhen agrees on personal terms with Galatasaray, rejects Al Hilal €75m bid

4 days ago
Breaking: Galatasaray submits €50m bid for Victor Osimhen

Breaking: Galatasaray submits €50m bid for Victor Osimhen

4 days ago
Chelsea Target Arsenal’s Ethan Nwaneri Amid Contract Talks

Chelsea Target Arsenal’s Ethan Nwaneri Amid Contract Talks

6 days ago
Arsenal Close In on Madueke Transfer After Agreeing Personal Terms

Arsenal Close In on Madueke Transfer After Agreeing Personal Terms

6 days ago

YOUR THOUGHT & HISTORY

El-Rufai Plans New Party as ADC Backup Against APC Interference
Columns

The Shadow Strategist: El-Rufai, the Illusion of Power, and 2027’s Looming Reckoning

by Odini Brains
5 days ago
Columns

Kidnapped, Silenced, Vindicated: The Full Impact of Kanu’s Judgment

by Odini Brains
2 weeks ago
The Emerging Kogi: Economic Growth Impact Transforming Better Reality
Columns

The Emerging Kogi: Economic Growth Impact Transforming Better Reality

by Kiikpoye Karibo
2 weeks ago
ON THE PUBLIC NUISANCE CALLED SOWORE
Opinion

ON THE PUBLIC NUISANCE CALLED SOWORE

by Kiikpoye Karibo
5 months ago
Data Visualizations
Columns

Five Key Considerations for Creating Effective Data Visualizations

by Blessing Chinyere Daniel
6 months ago

Who we are

Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history

Welcome to Umpire News, your go-to online newspaper dedicated to broadening perspectives and expanding the horizons of our numerous readers. Read more

Browse by Category

  • Columns
  • Economy
  • Editorial
  • Entertainment
  • International
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Trends

Recent News

Nigeria’s Economy Recovering Under Tinubu’s Bold Reforms — Information Minister

Nigeria’s Economy Recovering Under Tinubu’s Bold Reforms — Information Minister

July 11, 2025
Coalition’s ADC lack political ideology — Onanuga

2027 ELECTIONS: Tinubu Will Defeat Atiku and Obi in 2027, Says Presidency

July 11, 2025
  • About Us
  • Contact Us
  • Privacy & Policy

© 2024 Copyright Umpirenews. All rights reserved

No Result
View All Result
  • Home
  • National
  • Economy
  • Politics
  • Sports
  • Entertainment
  • Editorial
  • Opinion
  • Columns

© 2024 Copyright Umpirenews. All rights reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
🤑Join & Get Our Easter Gifts 🤑

Enter your NAME & Email NOW!!

Be among the 1st 100 lucky WINNERS to win our Amazing GIFTs this Easter Period as you READ our Daily hot NEWs & make meaningful comments and follow us on our social media handles.

Name
Enter your email address