{"id":130550,"date":"2024-09-10T22:37:52","date_gmt":"2024-09-10T21:37:52","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/were-restoring-confidence-in-nigeria-economy-tinubu"},"modified":"2024-09-10T23:45:06","modified_gmt":"2024-09-10T22:45:06","slug":"were-restoring-confidence-in-nigeria-economy-tinubu","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/were-restoring-confidence-in-nigeria-economy-tinubu","title":{"rendered":"We\u2019re restoring confidence in Nigeria economy \u2013 Tinubu"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>President Bola Tinubu has reiterated his administration\u2019s efforts to restoring confidence in Nigeria economy through measures aimed at reducing inflation, stabilising the foreign exchange market, and improving fiscal management.<\/p>\n

Tinubu stated this on Tuesday at the 17th Annual Chartered Institute of Bankers of Nigeria, CIBN, Banking and Finance Conference held in Abuja.<\/p>\n

Represented by his vice, Kashim Shettima, the president described theme of the CIBN Conference, \u2018Accelerating Economic Growth and Development: The State of Play and the Way Forward,\u2019 as timely and imperative.<\/p>\n

He noted that the conference came at a time the nation was grappling with interrelated challenges.<\/p>\n

Tinubu identified the challenges as high inflation, rising costs of living, unemployment, infrastructure deficits and effects of global economic shifts.<\/p>\n

He observed, however, that the challenges also present opportunities for growth and development.<\/p>\n

In addressing the challenges, the President said that the administration had taken bold but painful steps to reform the macroeconomic environment.<\/p>\n

\u201cThough painful in the short term, the removal of fuel subsidies is designed to free up budgetary resources for critical investments in infrastructure and social services.<\/p>\n

\u201cThe adjustment of the monetary policy rate, a move aimed at curbing inflation and fostering a more market-oriented exchange rate system,\u201d he said.<\/p>\n

Tinubu also noted that his administration was committed to strengthening infrastructure development in the ongoing bid to grow Nigeria\u2019s economy.<\/p>\n

\u201cWe are committed to upgrading Nigeria\u2019s infrastructure to support economic growth.<\/p>\n

\u201cWe are investing in roads, railways, and energy projects through public-private partnerships to reduce transportation costs and improve market access,\u201d he said.<\/p>\n

For More News And Analysis About Nigeria Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. President Bola Tinubu has reiterated his administration\u2019s efforts to restoring confidence in Nigeria economy through measures aimed at reducing inflation, stabilising the foreign exchange market, and improving fiscal management. Tinubu stated this on Tuesday at the 17th Annual Chartered Institute of Bankers of Nigeria, CIBN, Banking and Finance Conference held in Abuja. […]<\/p>\n","protected":false},"author":84,"featured_media":130549,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,29,28,14,2660],"tags":[254,2096,945],"class_list":["post-130550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","category-to-homepage","tag-nigeria","tag-nigerian-economy","tag-tinubu"],"yoast_head":"\nWe\u2019re restoring confidence in Nigeria economy \u2013 Tinubu - Nigeria<\/title>\n<meta name=\"description\" content=\"President Bola Tinubu has reiterated his administration\u2019s efforts to restoring confidence in Nigeria economy through mea ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/were-restoring-confidence-in-nigeria-economy-tinubu\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We\u2019re restoring confidence in Nigeria economy \u2013 Tinubu\" \/>\n<meta property=\"og:description\" content=\"President Bola Tinubu has reiterated his administration\u2019s efforts to restoring confidence in Nigeria economy through mea ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/were-restoring-confidence-in-nigeria-economy-tinubu\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-10T21:37:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-10T22:45:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/09\/sm_1725995670.779004.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"426\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/were-restoring-confidence-in-nigeria-economy-tinubu#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/were-restoring-confidence-in-nigeria-economy-tinubu\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"We\u2019re restoring confidence in Nigeria economy \u2013 Tinubu\",\"datePublished\":\"2024-09-10T21:37:52+00:00\",\"dateModified\":\"2024-09-10T22:45:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/were-restoring-confidence-in-nigeria-economy-tinubu\"},\"wordCount\":278,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/were-restoring-confidence-in-nigeria-economy-tinubu#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/09\/sm_1725995670.779004.jpg\",\"keywords\":[\"Nigeria\",\"Nigerian Economy\",\"Tinubu\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"Policy\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/were-restoring-confidence-in-nigeria-economy-tinubu#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/were-restoring-confidence-in-nigeria-economy-tinubu\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/were-restoring-confidence-in-nigeria-economy-tinubu\",\"name\":\"We\u2019re restoring confidence in Nigeria economy \u2013 Tinubu - 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