Inflation Archives - Independent Digital News Network

Tinubu Economy Reboot: FG Targets 500 CNG Stations as Manufacturers Flee Bank Loans

Nigeria’s economic landscape is shifting as the federal government launches a plan for 500 CNG stations in three years while manufacturers abandon expensive bank loans for bonds and retained earnings. The dual transition—energy reform and corporate financing realignment—signals a new phase in the Tinubu administration’s push to stabilise fuel costs, reduce inflation and cut industrial debt risks.

FG EXCEEDS 2025 BORROWING TARGET BY 55.6% — ECONOMISTS SOUND ALARM ON DEBT SPIRAL

IDNN3 months ago3 months ago0

🧮 The Math Behind the Mayhem Fresh figures from the Debt Management Office show ₦15.8 trillion raised from domestic investors and ₦1.56 trillion from foreign...

Rice Price Crash in Lagos Markets Leaves Traders Counting Losses

IDNN3 months ago3 months ago0

Across major Lagos markets — from Mile 12 to Daleko and Oke-Arin — the aroma of rice has turned sour for traders. A 50kg bag...

Farmers Clash With FG Over Food Price Drop, Say Import Waivers Crippling Local Markets

IDNN3 months ago3 months ago0

Nigeria’s farmers have accused the Federal Government of destroying rural markets through indiscriminate import waivers, arguing that the recent fall in food prices masks widespread economic dislocation. The Ministry of Agriculture insists its policies are easing inflation, but producers say they face collapsing incomes, unsold produce, and worsening debt across grain and vegetable belts.

Confidence Abroad, Contraction at Home: The Split Reality of Nigeria’s 2025 Economy

IDNN3 months ago3 months ago0

Nigeria is winning praise abroad but losing traction at home. From FATF reforms that restored global confidence to Dangote’s refinery expansion signaling industrial ambition, the country looks renewed on paper — yet on the ground, manufacturing is stalling, demand is collapsing, and inflation keeps biting. This is Nigeria’s new economic paradox.

Tinubu @65: Economic Milestones vs Nigerians’ Reality

IDNN4 months ago4 months ago0

President Bola Tinubu marked Nigeria’s 65th Independence Day by listing 12 “remarkable economic milestones,” but citizens question the impact amid high living costs.

CBN naira abuse warning: Cardoso urges Nigerians to keep currency clean

IDNN4 months ago4 months ago0

The Central Bank of Nigeria has warned against spraying, hawking, or mutilating the naira, calling it a national symbol that must be treated with respect.

Presidency Fires Back as Atiku Warns of Revolution

IDNN4 months ago4 months ago0

The Presidency has dismissed former Vice President Atiku Abubakar’s warning that hunger could trigger a revolution in Nigeria. Atiku likened rising hardship to the French and Russian uprisings, but presidential aide Bayo Onanuga branded the remarks “cheap talk.” Officials cited falling inflation and record reserves, accusing Atiku of ignoring recent economic gains under President Tinubu.

Subsidy Removal in Nigeria: Ezekwesili Slams Tinubu Over ‘Good Policy, Wrong Execution’

IDNN5 months ago5 months ago0

Former Minister of Education Oby Ezekwesili has criticised President Bola Tinubu’s fuel subsidy removal, calling it a sound policy “implemented the wrong way.” Speaking at the Nigerian Bar Association conference in Enugu, she said the abrupt reform deepened poverty, worsened inflation, and left millions without safety nets.

Babachir Lawal Says He Couldn’t Work Under Tinubu, Slams Governance Style

IDNN6 months ago0

Former SGF Babachir Lawal says he could never work in President Bola Tinubu’s government, citing nepotism, economic mismanagement, and flawed policies. In a televised interview, Lawal accused Tinubu of sidelining non-Yoruba allies, mishandling fuel subsidy removal, and presiding over a government that still covertly funds subsidy despite declaring its removal.