PRESIDENT TINUBU: WE WILL CONTINUE TO SUSTAIN BUHARI'S LEGACIES.(PHOTOS).#PRESS RELEASE..

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 STAEHOUSE PRESS RELEASE   PRESIDENT TINUBU: WE WILL CONTINUE TO SUSTAIN BUHARI'S LEGACIES.   President Bola Ahmed Tinubu, on Monday in Abuja, stated that his administration will continue to honour former President Muhammadu Buhari by sustaining his legacies of purposeful leadership, discipline, integrity, and the belief that public office is a trust, not a windfall.   President Tinubu made this commitment at the State House Conference Centre during the unveiling and public presentation of the book, *From Soldier to Statesman – The Legacy of Muhammadu Buhari*, authored by Dr Charles Omole.   He said the book offers Nigerians the opportunity to learn from President Buhari, and affirmed that the greatest honour to bestow on the late President is to sustain his legacies.   "This book reinforces the public memory. It outlines achievements and flaws, as all honest histories should. It should motivate future leaders to learn lessons rather than repeat slogans. ...
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TURKEY'S CENTRAL BANK CHIEF MOVES IN WITH HER PARENTS OVER HER INABILITY TO AFFORD A HOME IN ISTANBUL DUE TO INFLATION. (PHOTO).

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Turkey's Central Bank Chief moves in with her parents over her inability to afford a home in Istanbul due to inflation 

The new head of Turkey’s central bank said she has been priced out of Istanbul’s property market by rampant inflation. 

Left with no choice, the former finance executive has moved back in with her parents. 

“We haven’t found a home in Istanbul. It’s terribly expensive. We’ve moved in with my parents,” 44-year-old Hafize Gaye Erkan, who took up her post in June after two decades in the United States, told the Hurriyet newspaper. 

Erkan previously worked at firms including Goldman Sachs and First Republic Bank — and is now getting a crash course in the soaring prices that have seen many young people struggling to find lodgings. 

“Is it possible that Istanbul has gotten more expensive than Manhattan?” she said. 

Tayyip Erdogan has allowed the lira currency to weaken while promising that a new team of economists with Wall Street experience would tackle years of economic crisis. 

To quell growing anger, officials also capped rent increases at 25 per cent — though experts say that has only amplified the housing tensions, as owners try to push out occupants, sometimes fraudulently, in order to set new and higher rents. 

The central bank last month pushed up benchmark lending rates to 40 per cent in a bid to get inflation under control. 

“We’re nearing the end of our monetary tightening measures,” Erkan told the paper.

 

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