PRES. TINUBU PROMISES NIGERIA'S SUPPORT TO GHANA'S PRESIDENT JOHN MAHAMA. (PHOTO).

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 Tinubu Promises Nigeria's Support to Ghana's President John Mahama President Bola Tinubu has pledged Nigeria's unwavering support to Ghana’s President John Mahama, emphasizing commitment to driving change and economic growth for the people of Ghana.  Speaking at Mahama’s inauguration in Accra, Tinubu, who chairs the ECOWAS Authority of Heads of State and Government, called for African nations to focus on building robust economies. He expressed pride in Ghana’s achievements and reaffirmed the shared history and unity between Nigeria and Ghana. Tinubu also praised Mahama’s vision and dedication to his nation, assuring him of Nigeria's support in achieving success and progress for both countries.
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TINUBU'S 15 PERCENT INFLATION TARGETS FOR NIGERIA IN 2025 UNREALISTIC- REWANE. (PHOTO).

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 Tinubu’s 15 percent inflation targets for Nigeria in 2025 unrealistic ~ Rewane.


The Chief Executive of Financial Derivatives and popular economist, Bismark Rewane said President Bola Ahmed Tinubu’s 15 percent inflation target in 2025 is unrealistic and a mere aspiration.


Rewane disclosed on Channels Television’s program on Thursday.


During Tinubu’s N49.7 trillion budget presentation before the National Assembly on December 18, 2024, he expressed optimism that Nigeria’s inflation rate would decline from 34.60 percent to 15 percent in 2025.


However, Rewane said the President’s target isn’t realistic.


According to him, Nigeria’s inflation can decline to 25 or 27 percent, but the 15 percent is unrealistic.


“Well, the target is an aspiration; the reality that we think is inflation could reduce from approximately 35 percent to somewhere like 27 percent or 25 percent, but a 15% rate on inflation is very bullish and aspirational, but we are free to have our aspirations.


“We deal in the world of reality, and in the world of reality, we see more of 27% to 25%. I would rather bet on that than bet on much more optimistic scenarios,” he said.


When Tinubu was sworn in as Nigeria’s president in May 2023, Nigeria’s inflation rate was 22.41 percent, according to official numbers by the National Bureau of Statistics, NBS.


The inflation rate rose astronomically to 34.6 percent in November 2024, more than 12 percent higher, a development that economic experts have attributed to Tinubu’s twin policies of petrol subsidy removal and unification of the foreign exchange rates.

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