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Aiyedatiwa pledges to upgrade Ondo NYSC orientation camp

Ondo Governor, Lucky Orimisan Aiyedatiwa has promised that his administration will upgrade the infrastructures and facilities at the…

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Transfer: Man Utd offer De Ligt five-year contract

Bayern Munich defender, Matthijs de Ligt, has received a five-year contract offer from Manchester United. According to Sky…

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hbtechng

Two killed, houses set ablaze as farmers, herders clash in Jigawa

Two persons were reportedly killed and houses set ablaze in another clash between farmers and herders in Birnin…

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Transfer: Super Eagles defender, Torunarigha open to leaving Gent

KAA Gent defender, Jordan Torunarigha has revealed he is in discussions for a possible transfer from the Belgian…

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CBN’s Interest Rate Hike Hindering Growth, Job Creation – Dangote

The President and Chief Executive Officer of the Dangote Group, Aliko Dangote, yesterday faulted the hike of interest…

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Biden blasts landmark Supreme Court ruling on Trump immunity

President Joe Biden warned Monday that the US Supreme Court’s landmark ruling on presidential immunity sets a “dangerous…

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USA crash out of Copa in group phase as Uruguay, Panama advance

The United States crashed out of the Copa America on Monday after a 1-0 defeat to Uruguay, as…

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Arsenal return for Osimhen after fee slash

According to Italian reports, Premier League giants Arsenal are preparing to make an offer for Nigerian striker Victor Osimhen…

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Gov Oyebanji focused, diligent in handling Ekiti affairs – Olu Alo

A Cleric and Planter of CAC Adamimogo Grace Of Mercy Prayer Mountain World-wide, Prophet Sam Olu Alo, has…

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Konga ex-CEO’s death: Househelp reveals last conversation with deceased

The maid of the former Chief Executive Officer of Nigerian e-commerce giant, Konga, the late Nick Imudia (names…

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Costa penalty heroics rescue Ronaldo as Portugal edge past Slovenia

Portugal goalkeeper Diogo Costa saved three Slovenia penalties to earn his side a 3-0 shoot-out victory after Cristiano Ronaldo redeemed…

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Nigeria’s CDS seeks stronger ties with South Africa defence forces

The Chief of Defence Staff, Gen. Christopher Musa has called for reinforcement of ties between the Armed Forces…

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Court jails man 25 years over drug trafficking

A Federal High Court sitting in Lagos has sentenced one Carr Bismark, also known as Ogbonna Charles Freeman,…

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According to him, welfare policies by the federal and the state governments were yet to be felt by Nigerians. “My major concern about these measures is the parameters being used to determine those eligible for those grants for three months. “These welfare policies of the Federal and the state governments have been seen not to get to the intended beneficiaries and the aim is always defeated in the long run. “I also believe that this measure would not address the hardships being faced by the very poor citizens that these policies are targeted to assist because of continuous high food inflation and skyrocketing cost of living. “The fiscal policies of Tinubu’s government in the first half of the year has not helped to alleviate the hardship introduced by its monetary policies. This has led to the unbearable situation the country found itself,” he told DAILY POST. However, Muda Yusuf, the director, Centre for the Promotion of Private Enterprise, CPPE, said the government has carried out a lot of policies but more needs to be done that will impact the generality of Nigerians. He urged that the government should roll out more fiscal interventions in the agro-allied industry, construction, Iron and steel, and mining sectors. “There is a lot the government can do via the fiscal policy level. In terms of direct support to the farmers, it is better to do it directly than through the state governments. I think through that, there should be an impact in terms of food production. I hope the state government will commit to this with all sense of sincerity. “The measure can help the supply side. I am aware that there are also plans to have similar interventions to the real sector. “The real sector is responsible for Fiscal Policy measures rather than monetary policy. Fiscal policies are more potent in driving production”, he said. Prof Godwin Oyedokun, a don at Lead City University in Ibadan, said the recent N555 billion cash disbursement approval is a significant fiscal measure aimed at addressing the inflation-induced hardship faced by many Nigerians. Oyedokun, however, explained that injecting a large sum of money into the economy could exacerbate inflationary pressures if not accompanied by measures to increase supply and stabilize prices. “The fiscal measures introduced by President Tinubu, including the N555 billion cash transfer program, demonstrate a proactive approach to addressing the immediate economic challenges faced by Nigerians. “However, the success of these measures depends significantly on the coordination with monetary policies to manage inflation and ensure overall economic stability. “A holistic approach, combining short-term relief with long-term economic reforms, is essential for addressing the underlying issues causing inflation-induced hardship and achieving sustainable growth

Big Brother Naija reality show star, Ka3na Jones, has warned controversial social critic, Martins Otse widely known as…

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Tinubu’s interventions fail to tackle Nigeria’s economic hardship in H1 2024

President Bola Ahmed Tinubu’s interventions may have failed to ease the country’s worsening economic hardship in the first…

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