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Video: US deputy treasury chief, Adeyemo identifies reform areas for Nigeria

Published

3 months ago

September 19, 2023

In this video, Nigerian-born Adewale Adeyemo, who is the United States deputy treasury secretary, expresses the US commitment to strengthening relations with Nigeria and calls for urgent reforms in three aspects which he argues are central to development.

Nigeria needs a stable Naira which, according to him, will create macroeconomic stability that will stimulate both local and foreign investment.

He states that the government needs to articulate a credible fiscal strategy that will provide the resources for critical investment. He also applauds the recent policy to remove subsidies from petroleum products.

Adeyemo also identifies fighting corruption in the business environment. He adds that the perception of corruption by the Nigerian public contributes to the lack of support that the government gets in the pursuit of some of its agenda.

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Related Topics:Adewale Adeyemo Featured Nigeria US

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Video: Aviation Minister, Keyamo faults ‘suspicious’ deals with Ethiopian Airlines over Nigeria Air project

Published

1 week ago

November 28, 2023

Ifeoluwa Dada

In this video, Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, lamented “suspicious deals” the Nigerian government, under former minister Hadi Sirka, had with Ethiopian Airlines for a Nigerian national air carrier project— Nigeria Air.

The deal, which was first announced in July 2018, includes tax waivers for five years. This was faulted by Keyamo.

He said: “Now we have looked at all the issues, and it’s before Mr President. But let me just give you one or two snippets because Nigerians are quick to judge.

“In the agreement, you are giving tax waivers to Ethiopian Airlines coming into Nigeria; they ask for tax waivers for five years, and you grant them to come and compete with your local airlines who are paying those heavy taxes, how? You want to create a monopoly?”

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Video: Moment Nigerian opposition senator, Tony Nwoye confronts Senate President Akpabio

Published

2 weeks ago

November 21, 2023

Ifeoluwa Dada

A rowdy session ensued on the floor of the Nigerian Senate on Tuesday as opposition lawmaker, Senator Tony Nwoye of the Labour Party was seen challenging Senate President Godswill Akpabio over the Senate leader’s continued selection of the minority leadership.

“Are we your slaves? The way you are elected is the way we are elected. Every time you select leadership for us…”, Nyowe said.

Akpabio had named Abba Moro, the senator representing Benue South, as minority leader, and Osita Ngwu, the senator representing Enugu West, as minority whip.

The Peoples Democratic Party (PDP) members replaced Simon Mwadkwon, the senator representing Plateau North, and Darlington Nwokocha, the senator representing Abia Central, respectively.

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