M23 SAYS HUNDREDS OF BURUNDI SOLDIERS CAPTURED IN LATEST CONGO OFFENSIVE. (PHOTO).

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 M23 says hundreds of Burundi soldiers captured in latest Congo offensive The Rwanda-backed M23 group has captured hundreds of Burundian soldiers during its latest offensive in eastern Democratic Republic of Congo, a rebel official said, as clashes continued despite a warning from the Trump administration. Last week M23 entered the strategic town of Uvira near the border with Burundi, less than a week after the presidents of Congo and Rwanda met in Washington with U.S. President Donald Trump and affirmed their commitment to a peace deal known as the Washington Accords. U.S. Secretary of State Marco Rubio said on Saturday that Rwanda's actions in eastern Congo violated the Washington Accords and vowed to "take action to ensure promises made to the President are kept". Rwanda denies supporting M23 and has blamed Congolese and Burundian forces for the renewed fighting. A United Nations group of experts report published in July said Rwanda exercised command and control over t...
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WALE EDUN: TINUBU’S ECONOMIC REFORMS WON’T YIELD RESULTS NOW.(PHOTO).

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Wale Edun: Tinubu’s Economic Reforms Won’t Yield Results Now

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said Nigerians should not expect to reap the benefits of the economic reforms by President Bola Tinubu now.

Edun said the administration is assiduously working on how to stabilise the economy and strengthen foreign exchange for productive activities.

According to NAN, the minister said this during the virtual 2023 Annual Directors’ Conference of the Chartered Institute of Directors (CIoD) Nigeria, on Thursday.

Nigerians have been grappling with hardship since Tinubu removed fuel subsidy and attempted to unify the official and parallel markets’ exchange rates.

Also, the Central Bank of Nigeria (CBN) collapsed the multiple official market rates to the investors and exporters (I&E) window and it adopted the ‘willing buyer, willing seller’ model.

Consequently, the removal of subsidy on petrol has led to a surge in the cost of petrol, while the naira has devalued significantly against the dollar in the official and parallel markets.

Defending his principal’s reforms, Edun said the economic adjustments were pertinent and their benefits would take some time to materialise.

“The economic reforms are necessary; its benefits will take some time to materialise…”

“The agenda is to provide first and foremost a stable economy, growing more than population growth, with low inflation, stable foreign exchange to enable investments in productive activities.

“This is what the president is working on and we are a work in progress and we look forward to the task at hand.

“The big price is to make ourselves a formidable economy, our institutions a corporate governance place so that those interested in investing can have trust in their investment.

“The IoD has a major role to play in championing corporate governance so we have a clean lead corporate sector which the world can come and partner for growth and progress.”

 

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