Abubakar, a former vice president, pledged to cut red tape, stabilize the naira, bring more private investment into the country’s infrastructure drive, cut subsidies that benefit the rich and end a borrowing spree that has seen Nigeria’s debt servicing costs rise above its revenue.
While his administration would allow the central bank to “pursue its mandate,” Atiku said it will “ensure that such policies are not detrimental to Nigeria’s quest for foreign direct investment and to Nigeria’s long-term growth.” “We will push for a foreign exchange policy that encourages capital inflows and makes capital outflows less attractive to the investors,” he said in a speech to the Lagos Chamber of Commerce and Industry and emailed by his campaign office on Tuesday.The exit of foreign investors from Nigeria and plummeting crude production are slowing the recovery of Africa’s biggest economy, which is also confronting high unemployment. Inflation quickened to 19.
Abubakar, the candidate for the Peoples Democratic Party, is bidding to succeed President Muhammadu Buhari, who will complete his second and final term in May 2023.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: Hong Kong to stop moving travellers with Covid to quarantine campIncoming travellers who test positive for Covid-19 in Hong Kong will remain in their designated quarantine hotels instead of being transferred to isolation hotels or community facilities like the infamous Penny’s Bay. As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive,until I started Bitcoin trading with the help of Ruthhermoso made a successful withdrawal of R 200,000 with the help of Ruthhermoso_
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Asia stocks extend global rout in wake of US CPI: market wrapAsian stocks, bonds and currencies tumbled in the wake of the broad-based selloff on Wall Street after hotter-than-expected inflation data fuelled bets for jumbo interest-rate hikes by the Federal Reserve. As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive,until I started Bitcoin trading with the help of Ruthhermoso made a successful withdrawal of R 200,000 with the help of Ruthhermoso_
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Visa warns merchant codes won’t show customer gun purchasesVisa has warned a new system that gun-control advocates are saying will limit mass shootings might not have the desired effect. I'm really grateful for all the efforts you have render to me with my little investment of R4000 and with joy over me after withdrawing R50,000 with your help Catherine_nico thank you for everything you have done for me and my family Catherine_nico Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met JamesAlderson0 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks JamesAlderson0
Source: dailymaverick - 🏆 3. / 84 Read more »