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Showing posts with the label Nigeria Economy

Plateau Security Tension: Fulani Leaders in Mangu Reject DSS, Operation Rainbow, Demand Soldiers

“33 Governors Cannot Be Wrong”: Onanuga Defends Tinubu as Rice Prices and Inflation Become Talking Points

  Presidential spokesperson Bayo Onanuga has defended President Bola Ahmed Tinubu’s economic policies, arguing that Nigeria has experienced positive changes since the administration took office in 2023. Onanuga reportedly made the remarks while responding to criticism from television presenters and opposition voices who have questioned the impact of the government's economic reforms. According to the presidential spokesperson, the support of 33 state governors for Tinubu reflects confidence in the direction of the administration. Onanuga Speaks on the Cost of Rice One of the major points in Onanuga's statement was the price of rice, a staple food consumed by millions of Nigerian households. He claimed that a bag of rice, which previously sold for approximately ₦120,000, had fallen to below ₦50,000 in some places. He also stated that a bag reportedly sells for around ₦45,000 in his hometown. The claim has drawn attention because food prices remain a major concern for families st...