• About
  • Advertise
  • Contact
Monday, September 15, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Economy

Economy On Right Path, Recovering Under President Tinubu – TMSG

Vital News by Vital News
January 29, 2025
in Economy, News
0
Tinubu Appoints Ganduje, Meseko, Akinyemi, Others Board Chairmen
Share on FacebookShare on Twitter

The Tinubu Media Support Group (TMSG) says worst days are over as available economic indices are showing positive signals, indicating that the economy is fully recovering under President Bola Tinubu.

The stated this in a statement signed by its Chairman Emeka Nwankpa and Secretary Dapo Okubanjo.

In the statement obtained by Vital News on Wednesday, TMSG maintained that President Bola Tinubu’s unwavering commitment, since assuming office, to steering the economy in the right direction is responsible for the unprecedented economic rebound.

It said: “We acknowledge that on assuming office, though President Bola Tinubu’s famous declaration that ‘fuel subsidy is gone’ seemed to have disrupted the order of things almost immediately with significant impact on the people, current positive realities have put him on the right side of history.

“It was an unexpected move, even though there was no provision for fuel subsidy beyond June 2023 in the budget inherited from the Muhammadu Buhari administration but it also set the right tone for the economic reforms of the administration.

RelatedStories

Dangote Industries Ltd. Expresses Readiness To Sponsor 2025 Abuja Trade Fair

Kogi, Hunan Partnership Agreement Implementation Commences With Agric Exchange Programme

NUPENG, PENGASSAN Supporters Carpet Zik Gbemre’s Over Recent Statements, Says He’s Uninformed’

How NDLEA Arrested Indian Man For Importing N3.9billion Tramadol Into Nigeria

“Today, fuel subsidy removal and the unification of multiple foreign exchange rates are the bulwarks of reform policies that have opened the country to more foreign investment and freed up more funds to all tiers of government with a resultant upsurge in economic activities.

“Like all reforms anywhere in the world, the Tinubu reforms also came with its downside which even the President acknowledged and described as short-term pains for long-term gains for the Nigerian people.

“It is against this backdrop that we maintain that the benefits are beginning to show and we agree with the Minister of Budget and Economic Planning, Senator Atiku Bagudu who confirmed recently that the economy is on the path to full recovery.

“Like a policy think tank, the Independent Media and Policy Initiative (IMPI), said in a recent statement, that there have been ‘evolving green shoots’ since the economic policies were deployed which showed that President Tinubu is indeed steering the economy in the right direction despite misgivings from a few naysayers.”

Continuing, TMSG gave some insights into the positive developments in the economy in recent months.

“We invite Nigerians to note that the oil and gas sector is witnessing unprecedented growth with fresh investments from global oil majors, some of which last invested in the country in 2013.

“This is aside from local players in the sector, which have continued to acquire lucrative onshore assets because of improved security and new fiscal incentives.

“It is therefore not surprising that for the first time in several years, Nigeria was recorded to have met its OPEC production quota of 1.5 million barrels per day with expectations in the foreign media that the country can go beyond the limit.

“This is also coming at a time when the oil sector is recording a boom, which has also brought a positive impact on the balance of trade.

“Recent data from the Central Bank show a positive trade performance for three consecutive quarters in 2024 driven by more substantial export earnings than imports.

“This will make it easier for the government to raise funding for programmes including the Renewed Hope Housing, Agriculture modernization initiative, Consumer Credit Scheme, Students loan fund, and CNG energy transition, amongst others, which are all designed to have a major positive impact on the citizenry.

“And lest we forget, a global brand that was reported to have left Nigeria last year recently has announced an 82.06% increase in revenue less than a year after it was acquired by a Nigerian conglomerate

“We are hopeful that more good news will emanate from the economic front this year as the economic policies of the administration continue to take root,” TMSG added.

It enjoined Nigerians to continue to have faith in President Bola Tinubu’s unflagging desire to turn the curve and unleash the vast potentials and opportunities in the nation to bring about vast positive fortunes for the Nigerian people. (vitalnewsngr.com)

Tags: EconomyindicesrecoveringTinubu
Previous Post

FG Deports 828 Illegal Immigrants In 2024

Next Post

FG Establishes Inter – Agency Committee To Receive Deported Nigerians From US

Vital News

Vital News

RelatedStories

Dangote Industries Ltd. Expresses Readiness To Sponsor 2025 Abuja Trade Fair
Business

Dangote Industries Ltd. Expresses Readiness To Sponsor 2025 Abuja Trade Fair

September 15, 2025
Kogi, Hunan Partnership Agreement Implementation Commences With Agric Exchange Programme
Agriculture/ Water/ Mineral

Kogi, Hunan Partnership Agreement Implementation Commences With Agric Exchange Programme

September 15, 2025
NUPENG, PENGASSAN Supporters Carpet Zik Gbemre’s Over Recent Statements, Says He’s Uninformed’
Labour

NUPENG, PENGASSAN Supporters Carpet Zik Gbemre’s Over Recent Statements, Says He’s Uninformed’

September 15, 2025
How NDLEA Arrested Indian Man For Importing N3.9billion Tramadol Into Nigeria
Crime

How NDLEA Arrested Indian Man For Importing N3.9billion Tramadol Into Nigeria

September 15, 2025
Catholic Priest Kidnapped In Kogi
News

Catholic Priest Kidnapped In Kogi

September 15, 2025
Next Post
NiDCOM, USAID To Partner On Diaspora Engagements

FG Establishes Inter - Agency Committee To Receive Deported Nigerians From US

ECOWAS Confirms Exit Of Burkina Faso, Mali, Niger

ECOWAS Confirms Exit Of Burkina Faso, Mali, Niger

Kogi Earmarks N4bln To Eradicate, Curb Spread Of Malaria

Kogi Earmarks N4bln To Eradicate, Curb Spread Of Malaria

Leave a Reply Cancel reply

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

Follow Us

Recommended

Collapsed Mosque : MURIC Visits Site, Asks LASG To Rebuild Mosque, Compensate Parents Of Victim Within Six Months

Strike Will Make Life Unbearable For Muslims Preparing For Sallah, Postpone It – MURIC Tells NLC, TUC

1 year ago
Ododo Flags Off Disbursement Of N800mln To 8,000 Vulnerable Persons In Kogi

Ododo Flags Off Disbursement Of N800mln To 8,000 Vulnerable Persons In Kogi

12 months ago

Bandits Kill 2 Expatriates, 2 Police Inspectors, 2 Drivers in Kogi

3 years ago
Senator Smart Adeyemi Joins Kogi Guber Race,  Picks APC Nomination Form

Senator Smart Adeyemi Joins Kogi Guber Race, Picks APC Nomination Form

3 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

How NDLEA Arrested Indian Man For Importing N3.9billion Tramadol Into Nigeria

Catholic Priest Kidnapped In Kogi

2027 : Former Southern Legislators Endorse Tinubu At Abeokuta Summit

Stakeholders Unite Against Gender-Based Violence In Kwara, Call For Survivor-Centred Justice

Governor Sanwo-Olu Urges Youth To Imbibe Good Values In Preparation To Becoming Future Leaders

Another Bandit Leader, Babangida Kachala Killed In Kogi By Troops

Trending

Dangote Industries Ltd. Expresses Readiness To Sponsor 2025 Abuja Trade Fair
Business

Dangote Industries Ltd. Expresses Readiness To Sponsor 2025 Abuja Trade Fair

by Vital News
September 15, 2025
0

Dangote Industries Limited says it is ready to sponsor the 2025 Abuja International Trade Fair (AITF) which...

Kogi, Hunan Partnership Agreement Implementation Commences With Agric Exchange Programme

Kogi, Hunan Partnership Agreement Implementation Commences With Agric Exchange Programme

September 15, 2025
NUPENG, PENGASSAN Supporters Carpet Zik Gbemre’s Over Recent Statements, Says He’s Uninformed’

NUPENG, PENGASSAN Supporters Carpet Zik Gbemre’s Over Recent Statements, Says He’s Uninformed’

September 15, 2025
How NDLEA Arrested Indian Man For Importing N3.9billion Tramadol Into Nigeria

How NDLEA Arrested Indian Man For Importing N3.9billion Tramadol Into Nigeria

September 15, 2025
Catholic Priest Kidnapped In Kogi

Catholic Priest Kidnapped In Kogi

September 15, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Dangote Industries Ltd. Expresses Readiness To Sponsor 2025 Abuja Trade Fair September 15, 2025
  • Kogi, Hunan Partnership Agreement Implementation Commences With Agric Exchange Programme September 15, 2025
  • NUPENG, PENGASSAN Supporters Carpet Zik Gbemre’s Over Recent Statements, Says He’s Uninformed’ September 15, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In