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Video: Nigeria’s Tinubu meets private sector executives over cost of living crisis 

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In this video, President Bola Tinubu of Nigeria spoke with executives in the private sector about the nation’s rising cost of living and the steps being taken to solve it.

 

“The people of this country are only the people we have to please and we are very much concerned, from students to mothers, fathers, farmers, traders and realizing that everyone has to fetch water from the same well.

 

“We are looking additional efforts that might help the downtrodden Nigerians and we will provide that hope and assurance that the economic recovery is on its way. We are not saying that we have all the answers but we will not be blamed for not trying,” Tinubu said in the video.

 

Aliko Dangote, the richest man in Africa and the owner of Dangote Industries, along with businessmen, AbdulSamad Rabiu and Tony Elumelu, were in attendance.

 

Following the meeting, Mr. Dangote told reporters that “the economy, food security, and security of the nation” were the topics of discussion at the Presidential Villa in Abuja.

 

Nigeria is in the middle of its worst economic crisis in decades following the removal of subsidy on petrol and the floating of its currency. Its inflation is at a record high of 29.9℅. The situation has led to a surge in the cost of living and pressure on President Tinubu who came into power nine months ago.

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Video: South African opposition leader wants accountability within parliament

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In this video, the Deputy President of South Africa’s opposition party, the Economic Freedom Fighters (EFF), Floyd Shivambu, talks about the politics of conflict resolution within parliament largely in favour of the ruling African National Congress (ACN).

Shivambu, while engaging members of the media at the 7th Central Elections Task Force (CETF) meeting, called for independent internal mechanisms and systems to hold members of parliament accountable away from the existing approach which he argued is extremely partisan and factional.

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Video: Kenya’s Ruto argues for reduced budget deficit, public debt

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In this video, Kenyan President, William Ruto, revealed that his country’s budget for the 2024/2025 financial year had been revised downward from Kes 4.23 trillion to Kes 3.7 trillion to minimize public debt and allow fiscal prudence.

“We need to manage our expenditure, that’s why I had a meeting with the parastatals because we have to live within our means…we cutting largesse and eliminating wastage

“We are reducing our budget from four points, almost 4.2 trillion (shillings) to 3.7 trillion, we need to live within our means… we are shedding off fat,” Ruto told Kenyans in Ghana in a video during a state visit on Tuesday.

In addition to lowering spending and the budget deficit, Ruto’s administration—which assumed office in 2022—has also been enacting additional taxes, which have infuriated certain people and organizations and prompted legal challenges.

The total amount of Kenya’s governmental debt as of December 2023 was around 11.1 trillion Kenyan shillings (Ksh), or 82.1 billion US dollars. Over the period, Kenya’s government debt has generally increased.

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