By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
NewsunplugNewsunplugNewsunplug
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Reading: We inherited a bad economy — FG
Share
Notification Show More
Font ResizerAa
Font ResizerAa
NewsunplugNewsunplug
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Search
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Have an existing account? Sign In
Follow US
Newsunplug > Blog > News > We inherited a bad economy — FG
News

We inherited a bad economy — FG

Godson
Last updated: August 29, 2023 5:53 am
Godson Published August 29, 2023
Share
SHARE

The Federal Government has said that it inherited a bad economy with an unacceptable high rate of unemployment.

Addressing journalists at the end of the inaugural Federal Executive Council (FEC) meeting presided over by President Bola Tinubu at the Council Chamber, Presidential Villa, Abuja, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, told journalists that his principal met a very bad economy with inflation at 24 percent.

Edun also said that the Federal Government is not in a position to borrow money at this time, adding the emphasis is on how to create a macro-economic environment where both local and foreign investors will invest and increase production.

He said;

“Per capital has fallen steadily, inflation is at 24 percent, unemployment is high; you know they are rebasing the way in which it’s calculated.

“Either way, it is high and youth unemployment is even unacceptably high. These are the key metrics that we have met. We met a bad economy and the promise of Mr. President is to make it better.”

The Minister assurred Nigerians that the administration of President Bola Tinubu will not rely on borrowing and that he had pledged to be transparent, honest and accountable to the people.

You Might Also Like

Watch Buildings collapse and people run for their lives after Magnitude 6.4 earthquake strikes Turkey, two weeks after massive quake killed thousands (videos)

Benue Govt Suspends Enforcement Of Anti-Grazing Law Temporarily

Putin and Kim Jong Un vow to help each other if either country is attacked as Russian president receives lavish welcome in North Korea (videos)

Gombe Gov Dissolves Cabinet, Fixes April 19 As Handover Deadline

20 Yoruba Nation agitators arrested for invading Oyo secretariat

Quick Link

  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Share This Article
Facebook Twitter Email Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Victor Osimhen has already made Chelsea transfer feelings clear after Saudi Arabia decision
  • Vinicius Jr set to extend Real Madrid contract until 2030, earning €20m per season – reports
  • Kizz Daniel retrieves rights to his debut album ‘New Era’ from G-Worldwide
  • Saka to feature in much-changed England team against Senegal
  • Lamine Yamal’s Brother Is in Attendance for the Nations League Final!

Recent Comments

No comments to show.

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.
Quick Link
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Top Categories
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]

Top Categories

  • Entertainment

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.
Quick Link
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Top Categories
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]
© 2023 Newsunplug | All Rights Reserved.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?