Tinubu Should have Waited Six Months Before Removing Petrol Subsidy– Prof Sagay
A Senior Advocate of Nigeria, Prof Itse Sagay, says President Bola Tinubu should have waited six months after his inauguration before removing subsidy on Premium Motor Spirit (PMS) also known as petrol. He made this known during a conversation around the future of Nigeria. The senior lawyer was a guest on Inside Sources with Laolu Akande aired on Channels Television on Friday. He said the sudden manner in which the President removed petrol subsidy in his inaugural speech on May 29, 2023 has created untold hardship. Sagay who was the Chairman of the Presidential Advisory Committee Against Corruption (PACAC) from
CBN stops granting loans to Federal Government
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said the apex bank will halt its Ways and Means loans to the Federal Government. Cardoso made this known on Friday while appearing before the Senate Committee on Banking, Insurance and other Finance Institutions, in Abuja. According to Cardoso, Ways and Means is a loan facility through which the CBN provides short-term financing to cover the government’s budget shortfalls. He further explained that the apex bank will no longer be a part of the Ways and Means agreement with the federal government until
