{"id":91437,"date":"2023-07-03T09:26:48","date_gmt":"2023-07-03T08:26:48","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/hardship-what-tinubus-administration-must-do-for-nigerians-cppe"},"modified":"2023-07-03T11:52:46","modified_gmt":"2023-07-03T10:52:46","slug":"hardship-what-tinubus-administration-must-do-for-nigerians-cppe","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/hardship-what-tinubus-administration-must-do-for-nigerians-cppe","title":{"rendered":"Hardship: What Tinubu\u2019s administration must do for Nigerians \u2013 CPPE"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Amid the raging challenges caused by fuel subsidy removal and foreign exchange reforms introduced by President Bola Ahmed Tinubu\u2019s government, the Centre for Promotion of Private Enterprise has urged the government to consider a direct intervention such as palliatives.<\/p>\n

The Executive Director of CPPE, Dr Muda Yusuf disclosed this on Sunday in his Half Year Economic Review 2023.<\/p>\n

According to him, the federal government must deploy short-term measures to cushion the adverse effect of fuel subsidy removal and forex reforms.<\/p>\n

Although Muda lauded the policies, he called for tax incentives for low-income employees and small businesses.<\/p>\n

He added that the government should consider reducing import duty on some critical intermediate products for key sectors of the economy and import duty concessions for the transportation, health, power and energy sectors.<\/p>\n

\u201cThere is an urgent need to address the social outcomes of the recent reforms, especially the inflationary pressure induced by the fuel subsidy removal.<\/p>\n

\u201cUrgent measures need to be implemented to mitigate the soaring cost of living and the escalating operating and production costs, especially for businesses\u201d, he stated.<\/p>\n

Recall that the removal of fuel subsidy and unification of the forex window in June had caused a sharp hike in the prices of goods and services.<\/p>\n

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

Africa-Press – Nigeria. Amid the raging challenges caused by fuel subsidy removal and foreign exchange reforms introduced by President Bola Ahmed Tinubu\u2019s government, the Centre for Promotion of Private Enterprise has urged the government to consider a direct intervention such as palliatives. The Executive Director of CPPE, Dr Muda Yusuf disclosed this on Sunday in […]<\/p>\n","protected":false},"author":84,"featured_media":91435,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[1570,2140,10783,9410,254,945],"class_list":["post-91437","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-cppe","tag-hardship","tag-nigeria","tag-tinubu"],"yoast_head":"\nHardship: What Tinubu\u2019s administration must do for Nigerians \u2013 CPPE - Nigeria<\/title>\n<meta name=\"description\" content=\"Amid the raging challenges caused by fuel subsidy removal and foreign exchange reforms introduced by President Bola Ahme ...\" \/>\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\/hardship-what-tinubus-administration-must-do-for-nigerians-cppe\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hardship: What Tinubu\u2019s administration must do for Nigerians \u2013 CPPE\" \/>\n<meta property=\"og:description\" content=\"Amid the raging challenges caused by fuel subsidy removal and foreign exchange reforms introduced by President Bola Ahme ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/hardship-what-tinubus-administration-must-do-for-nigerians-cppe\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-03T08:26:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-03T10:52:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/07\/sm_1688365263.941558.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"719\" \/>\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=\"1 minute\" \/>\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\/hardship-what-tinubus-administration-must-do-for-nigerians-cppe#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/hardship-what-tinubus-administration-must-do-for-nigerians-cppe\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Hardship: What Tinubu\u2019s administration must do for Nigerians \u2013 CPPE\",\"datePublished\":\"2023-07-03T08:26:48+00:00\",\"dateModified\":\"2023-07-03T10:52:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/hardship-what-tinubus-administration-must-do-for-nigerians-cppe\"},\"wordCount\":227,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/hardship-what-tinubus-administration-must-do-for-nigerians-cppe#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/07\/sm_1688365263.941558.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"CPPE\",\"Hardship\",\"Nigeria\",\"Tinubu\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/hardship-what-tinubus-administration-must-do-for-nigerians-cppe#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/hardship-what-tinubus-administration-must-do-for-nigerians-cppe\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/hardship-what-tinubus-administration-must-do-for-nigerians-cppe\",\"name\":\"Hardship: What Tinubu\u2019s administration must do for Nigerians \u2013 CPPE - 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