News Formal

Finance minister blames Buhari’s govt for shutdown of 800 companies in Nigeria

  • 📰 NigeriaNewsdesk
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

A Trusted Nigerian Newspaper

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has attributed the shutdown of approximately 800 companies in Nigeria during 2023 to the policies and economic conditions inherited from the previous administration led by former President Muhammadu Buhari. He clarified that the economic challenges leading to the exit of these companies were not a result of the current administration under President Bola Tinubu.

“The departure of these companies from Nigeria’s economic landscape did not happen overnight; factors like market instability, unfulfilled promises, and breaches of contract forced them out,” Edun stated.

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:

 /  🏆 10. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

Wale Edun: Economic instability, FX paucity forced 800 companies to shut downWale Edun, minister of finance, says economic instability forced 800 companies to shut down operations. Edun made this known on Tuesday in
Source: thecableng - 🏆 2. / 80 Read more »

Finance forum proffers solutions to economic crisisNigeria Development and Finance Forum (NDFF) has recommended 15 ways to achieve an impactful economy.
Source: GuardianNigeria - 🏆 1. / 94 Read more »