U.S ANNOUNCES VISA CURBS FOR SOME FOREIGN NATIONALS IN SOUTH AFRICA. (PHOTO).

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 U.S announces visa curbs for some foreign nationals in South Africa Secretary of State Marco Rubio ‌said on Tuesday the U.S. government was announcing a new visa restriction ​policy targeting some foreign nationals ​in South Africa. The policy targets "foreign ⁠nationals who are responsible for, ​or complicit in, the enactment or ​implementation of laws or policies that enable uncompensated land seizures, race-based discrimination, and/or ​the incitement of imminent violence ​against members of minority ethnic or racial ‌groups ⁠in South Africa," Rubio said in a statement. "The South African government has not adequately addressed the ​previously laid ​out ⁠concerns," Rubio said, Reuters reported. Relations between Washington and Pretoria have ​soured since the start of ​Donald ⁠Trump's second term, with the U.S. president criticizing the country ⁠for ​its policies aimed at ​addressing racial inequality.

NO GOING BACK ON FOREX, SUBSIDY REFORMS- FINANCE MINISTER. (PHOTO).


 No going back on forex, subsidy reforms – Finance minister


The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says there is no going back on the current administration’s reforms in the forex and oil and gas sectors.

Edun made this known when he received the newly assigned Minister of State for Finance, Doris Uzoka Anitez at the Ministry’s headquarters, on Monday.

“Nigeria now have a foreign exchange rate that is market based and also a deregulated oil market pricing which are two reforms that are long overdue over many decades that President Tinubu is currently implementing.

“Therefore as co-ordinating minister of economy, we stand on a threshold of a new dawn to implement these reforms and increase productivity, create jobs and reducing poverty and we are glad to have a minister of state that will help in actualizing the President’s reforms,” he said.

According to him, consultation and collaboration is key to achieving these key reforms both from public and private sector, stressing that ongoing economic policies are showing sustainability and sign of success.

The Minister of State for Finance, in her response, restated her commitment to work with stakeholders in both private and public sectors to ensure economic growth is materialized.

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