NewsQuest
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Sports
  • World News
  • More
    • Education
    • Crime
    • Health & Sciences
    • Opinion
    • Tech
  • About Us
    • Contact Us
What's Hot

Governor Eno meets Tinubu in Aso Rock first time after defection

July 18, 2025

Lessons in leadership from President Buhari’s life – Ali Pate’s tribute

July 18, 2025

Tribute to a thoroughbred patriot, an officer and a statesman, Buhari

July 18, 2025
Facebook Twitter Instagram
Facebook Twitter Instagram
NewsQuestNewsQuest
Subscribe
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Sports
  • World News
  • More
    • Education
    • Crime
    • Health & Sciences
    • Opinion
    • Tech
  • About Us
    • Contact Us
NewsQuest
Home»Economy»Tinubu inherited a very bad economy- Finance Minister
Economy

Tinubu inherited a very bad economy- Finance Minister

NewsQuestBy NewsQuestAugust 28, 2023No Comments1 Min Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The Federal Government on Monday announced that it inherited a very bad economy from the administration of President Muhammadu Buhari, where per capital income fell drastically low and inflation rate rose up to 24 percent.

Minister of Finance and coordinating minister of the economy Wale Edun, assured that the government of President Bola Tinubu was poised to reversing the situation to improve the lives of millions of Nigerians.

“We met a bad economy and the promise of Mr. President is to make it better,” the Finance minister stressed.

According to him, “per capital has fallen steadily, inflation is at 24 percent, unemployment is high, you know, we are rebasing the way in which it is calculated.

NewsQuest Magazine

“Either way, it is high and youth unemployment is even unacceptably high, these are the key metrics that we have met.”

Despite the precarious condition of the economy, the Finance minister explained that government was not in a position to continue with the system of borrowing to manage the economy.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NewsQuest
  • Website

Related Posts

FIRS set to host national conference on tax evasion, illicit financial flow

July 15, 2025

We’ve opened doors for a new economy in Nigeria – Tinubu …..as he signs landmark tax reform laws

June 26, 2025

Nigeria is deepening investments to expand capacity of small businesses – VP Shettima

June 23, 2025

Tinubu’s reforms working as Nigeria Customs generates N1.3tr revenue in 2025 Q1

May 24, 2025
Add A Comment

Comments are closed.

Recent Posts
  • Governor Eno meets Tinubu in Aso Rock first time after defection
  • Lessons in leadership from President Buhari’s life – Ali Pate’s tribute
  • Tribute to a thoroughbred patriot, an officer and a statesman, Buhari
  • BREAKING: Appeal Court orders Police to reinstate retired ACP Idachaba, reverses 8-Year-salary refund
  • Buhari was a quintessential patriot – Minister Keyamo

Subscribe to Updates

Get the latest creative news from NewsQuest daily newspaper

About Us
About Us

NewsQuest is a daily newspaper based in Nigeria’s Capital City, Abuja dedicated to advance the nation’s democracy with factual reporting. We have an independent editorial outlook and provide unparalleled collection of news content, spanning the latest headlines, video, audio, current affairs, and developments on topical politics, science, business, health, style, culture, and technology, to historical coverage of important (and sometimes forgotten) people, places and events.

Our Picks

Governor Eno meets Tinubu in Aso Rock first time after defection

July 18, 2025

Lessons in leadership from President Buhari’s life – Ali Pate’s tribute

July 18, 2025

Tribute to a thoroughbred patriot, an officer and a statesman, Buhari

July 18, 2025

Subscribe to Updates

Get the latest creative news from NewsQuest daily newspaper

© 2025 NewsQuestNG. Designed by DeedsTech.
  • News
  • Economy
  • Politics
  • Sports

Type above and press Enter to search. Press Esc to cancel.