{"id":88925,"date":"2023-05-30T09:56:53","date_gmt":"2023-05-30T08:56:53","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/tinubu-ready-for-governance-economic-footprint-achievable-in-first-100-days-experts"},"modified":"2023-05-30T12:19:58","modified_gmt":"2023-05-30T11:19:58","slug":"tinubu-ready-for-governance-economic-footprint-achievable-in-first-100-days-experts","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubu-ready-for-governance-economic-footprint-achievable-in-first-100-days-experts","title":{"rendered":"Tinubu ready for governance, economic footprint achievable in first 100 days \u2013 Experts"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Economic experts have said the inaugural speech of Nigeria\u2019s President, Bola Ahmed Tinunu, to Nigerians on Monday, has shown that he is ready for governance.<\/p>\n

The kudos come amid reactions from different quarters on the inauguration of Tinubu as Nigeria\u2019s President.<\/p>\n

Tinubu had carefully outlined that he would transform the country\u2019s economic fortunes for good through budgetary reforms, viable industrial and fiscal measures, accessible electricity, ensuring a single foreign exchange market and removal of multiple taxations.<\/p>\n

Reacting to Tinubu\u2019s economic footprints during an interview on Channels Television monitored by DAILY POST on Monday, the Director General of the Manufacturers Association of Nigeria, MAN, Segun Ajayi-Kadir, said members were excited.<\/p>\n

Ajayi-Kadir stated that Tinubu\u2019s economic agenda was encouraging and would benefit Nigeria\u2019s productive sector.<\/p>\n

He noted that provided all things were equal, Tinubu could achieve his primary economic objective listed during the inaugural speech in his first 100 days in office.<\/p>\n

He added that the President expects manufacturers to hit the ground running, resolving the issues affecting the sector.<\/p>\n

\u201cIt is a thing of joy that at the inauguration, the President spoke directly to some key issues. Chief among it is that we needed to address the multiplicity of taxes and levies which have negatively affected manufacturing.<\/p>\n

\u201cHe also spoke about a united exchange rate we have always called for. He indicated he would promote local manufacturing against importation, which takes away local jobs.<\/p>\n

\u201cHe also spoke about fiscal policy that supports productivity. It is along those lines that one thinks the speech is encouraging.<\/p>\n

\u201cWe look forward to him hitting the ground immediately because he understands the issues.<\/p>\n

\u201cWe are looking forward to the latest unwarranted escalation of excise duties on alcoholic beverages and tobacco, which run against the government\u2019s three-year roadmap.<\/p>\n

\u201cI think he is hitting the ground running. Most of the issues he mentioned are achievable in the first 100 days in office. For instance, reversing some of the policies that we have stated.<\/p>\n

\u201cThe cost of energy is between 35 to 42 per cent depending on how Power intensive your operation is. You would imagine the President on his first day in office promising to lift that burden; most Manufacturers will be excited today.\u201d<\/p>\n

Taiwo Oyedele, the Fiscal Policy Partner and Africa Tax Leader at PwC said President Tinubu had started well by saying the right things about Nigeria\u2019s economy and ways to solve its challenges.<\/p>\n

Oyedele is optimistic that Tinubu can address this in the first 100 days in office.<\/p>\n

\u201cBefore the swearing-in, many people knew our new President to be a revenue person. The President has been consistent. In the sense that we need to raise revenue, nobody is debating because it is like day and night.<\/p>\n

\u201cBut then, to raise revenue does not mean that you need to start introducing so many new taxes, which is what the past administration of Muhammadu Buhari did, yet they were not collecting the revenue they wanted.<\/p>\n

\u201cIt is not a low-hanging foot; most of the issues the President has experienced can be achieved in the first 100 days in office because it is mainly administratively driven.<\/p>\n

\u201cThe President has started well by saying the right things, but like it is said, the devil is in the details. We need to move ahead very quickly but deliberately with implementation in the best way\u201d.<\/p>\n

Fuel Subsidy<\/b><\/p>\n

Oyedele said Tinubu must quickly provide content to his announcement of fuel subsidy removal to curb panic buying.<\/p>\n

\u201cIt was because Tinubu was very clear during his campaign that he would remove fuel subsidies that started the panic buying.<\/p>\n

\u201cThe President needs to quickly provide content to the announcement that the subsidy will be done in a controllable manner and that there would be sufficient supply.\u201d<\/p>\n

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

Africa-Press – Nigeria. Economic experts have said the inaugural speech of Nigeria\u2019s President, Bola Ahmed Tinunu, to Nigerians on Monday, has shown that he is ready for governance. The kudos come amid reactions from different quarters on the inauguration of Tinubu as Nigeria\u2019s President. Tinubu had carefully outlined that he would transform the country\u2019s economic […]<\/p>\n","protected":false},"author":84,"featured_media":88924,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[1570,2140,254,945],"class_list":["post-88925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-nigeria-2","tag-nigeria","tag-tinubu"],"yoast_head":"\nTinubu ready for governance, economic footprint achievable in first 100 days \u2013 Experts - Nigeria<\/title>\n<meta name=\"description\" content=\"Economic experts have said the inaugural speech of Nigeria\u2019s President, Bola Ahmed Tinunu, to Nigerians on Monday, has s ...\" \/>\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\/tinubu-ready-for-governance-economic-footprint-achievable-in-first-100-days-experts\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tinubu ready for governance, economic footprint achievable in first 100 days \u2013 Experts\" \/>\n<meta property=\"og:description\" content=\"Economic experts have said the inaugural speech of Nigeria\u2019s President, Bola Ahmed Tinunu, to Nigerians on Monday, has s ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubu-ready-for-governance-economic-footprint-achievable-in-first-100-days-experts\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-30T08:56:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-30T11:19:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/05\/sm_1685429330.776774.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\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=\"3 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\/tinubu-ready-for-governance-economic-footprint-achievable-in-first-100-days-experts#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubu-ready-for-governance-economic-footprint-achievable-in-first-100-days-experts\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Tinubu ready for governance, economic footprint achievable in first 100 days \u2013 Experts\",\"datePublished\":\"2023-05-30T08:56:53+00:00\",\"dateModified\":\"2023-05-30T11:19:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubu-ready-for-governance-economic-footprint-achievable-in-first-100-days-experts\"},\"wordCount\":648,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubu-ready-for-governance-economic-footprint-achievable-in-first-100-days-experts#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/05\/sm_1685429330.776774.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Nigeria\",\"Tinubu\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubu-ready-for-governance-economic-footprint-achievable-in-first-100-days-experts#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubu-ready-for-governance-economic-footprint-achievable-in-first-100-days-experts\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubu-ready-for-governance-economic-footprint-achievable-in-first-100-days-experts\",\"name\":\"Tinubu ready for governance, economic footprint achievable in first 100 days \u2013 Experts - 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