Sign In

Delhi News Daily

  • Home
  • Fashion
  • Business
  • World News
  • Technology
  • Sports
  • Politics
  • Lifestyle
  • Entertainment
Reading: Nigeria’s Tinubu touts economy amid cost-of-living anger | World News – Times of India – Delhi News Daily
Share

Delhi News Daily

Font ResizerAa
Search
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Delhi News Daily > Blog > World News > Nigeria’s Tinubu touts economy amid cost-of-living anger | World News – Times of India – Delhi News Daily
World News

Nigeria’s Tinubu touts economy amid cost-of-living anger | World News – Times of India – Delhi News Daily

delhinewsdaily
Last updated: May 30, 2025 11:19 am
delhinewsdaily
Share
SHARE


Nigeria's Tinubu touts economy amid cost-of-living anger

Nigerian President Bola Tinubu defended a series of economic reforms enacted by his government in an address on Thursday.“Our economic reforms are working. We are on course to building a greater, more economically stable nation,” Tinubu said in the remarks marking his second anniversary in office. After coming into power, Tinubu’s administration has twice devalued the country currency, the naira, and slashed electricity and petrol price subsidies. Nigeria is Africa’s largest crude oil producer. ‘We have made undeniable progress’“Despite the bump in the cost of living, we have made undeniable progress,” Tinubu said. “We have stabilized our economy and are now better positioned for growth and prepared to withstand global shocks.” Although the World Bank has warned that Nigeria continues to face high inflation, the Washington-based financial institution recently said Nigeria witnessed its highest economic growth in 10 years amid Tinubu’s reforms. Since Tinubu introduced the economic reforms, inflation in Nigeria has soared to rates of over 23%. High fuel prices, food inflation and rising electricity costs have frustrated working Nigerians and sparked a cost-of-living crisis. The fury over high consumer prices has led Nigerians to take to the streets across the country this and last year. Some protests have even turned violent as demonstrators clash with security forces, leaving people dead. The Nigerian government has arrested protesters and charged some of them with treason, a crime that can come with the death penalty. In his second anniversary address, Tinubu also claimed that security has improved in Nigeria, saying military forces are deterring threats from armed groups. Nigeria has witnessed attacks and kidnappings not only from jihadi groups such as Boko Haram but also bandits who sack villages. Tinubu’s statement comes after human rights watchdog Amnesty International said at least 10,217 people have been killed in Nigeria by jihadis and armed groups in the two years since he has taken office. Tinubu critics denounce government ‘failure’ Nigerian politician and journalist Omoyele Sowore criticized Tinubu’s second anniversary address, accusing Tinubu on X of ending the “petrol subsidy for people with low incomes” while subsidizing “corrupt government officials and lawmakers.” Sowore also said Tinubu’s government let the Boko Haram jihadi group move from Nigeria’s northeastern states of Borno and Yobe down south into the north-central state of Kogi. “A man who met Boko Haram in Borno and Yobe but let them move down south to Kogi is a failure,” Sowore, who ran as a presidential candidate in the 2023 Nigerian election, said.





Source link

Share This Article
Twitter Email Copy Link Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article ‘Hungriest place on earth’: UN declares Gaza the only region where 100% of population faces famine risk – Times of India – Delhi News Daily
Next Article Switzerland: Flood risk after landslide engulfs village | World News – Times of India – Delhi News Daily
Leave a comment

Leave a Reply Cancel reply

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

Recent Posts

  • Ssense seeks bankruptcy protection as luxury e-commerce falters – Delhi News Daily
  • UAE: Emirates expands premium economy services to India and key Middle East destinations | World News – The Times of India – Delhi News Daily
  • Over 500 drones fired at Ukraine: One killed, dozens injured in Russian attack; 14 regions impacted – The Times of India – Delhi News Daily
  • UAE: Abu Dhabi National Energy Company posts AED 28.4 billion revenue in first six months of 2025 | World News – The Times of India – Delhi News Daily
  • Who is Charles Borges? SSA whistleblower quits after flagging DOGE data leak; writes blistering email | World News – The Times of India – Delhi News Daily

Recent Comments

No comments to show.

You Might Also Like

Israel strikes Iran: Khamenei names new top brass after leaders killed. Check full list – Times of India – Delhi News Daily

Khamenei selected Mohammad Pakpour as the new commander of the Islamic Revolutionary Guard Corps, while Abdolrahim Mousavi for the chief…

5 Min Read
World News

UFC cage fight 2026: Is Ivanka set to host the White House event – Here’s what Donald Trump wants – Times of India – Delhi News Daily

Ivanka Trump with her father, Donald Trump (Instagram: ivankatrump) President Donald Trump reportedly wants his daughter, Ivanka Trump, to participate…

5 Min Read
World News

UAE to honour Emirati Women’s Day with massive community walk-run at Dubai Mall | World News – Times of India – Delhi News Daily

On 27th August, Dubai Mall will host a women-only walk-run event celebrating 50 years of Emirati women’s achievements/Image: WAM In…

7 Min Read

Trump vetoed Israel plan to kill Khamenei, claim US officials – Times of India – Delhi News Daily

US President Donald Trump vetoed an Israeli plan in recent days to kill Iran's Supreme Leader Ayatollah Ali Khamenei, two…

4 Min Read

Delhi News Daily

© Delhi News Daily Network.

Incognito Web Technologies

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?