* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, August 25, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    ‘When Calls the Heart’ Fans All Want the Same Thing After Seeing the Show’s Latest Update – yahoo.com

    When Calls the Heart’ Fans Rally Together in Excitement Over Exciting New Update!

    Quotes of the Week: Peacemaker, Project Runway, Countdown and More – yahoo.com

    This Week’s Most Memorable Quotes from Peacemaker, Project Runway, Countdown, and More!

    Drake Appears in Teaser for Bobbi Althoff’s New Podcast ‘Not This Again’ – yahoo.com

    Drake Drops a Surprise Cameo in Bobbi Althoff’s Thrilling New Podcast Teaser ‘Not This Again

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    How to watch ‘F1: The Movie’ on Prime Video – About Amazon

    Experience the Thrill: How to Stream ‘F1: The Movie’ on Prime Video

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Figure Technology Solutions, Inc. Files Registration Statement for Proposed Initial Public Offering – Business Wire

    Figure Technology Solutions, Inc. Unveils Exciting Plans for Its Upcoming Initial Public Offering

    UNLV Responds to Workforce Need with Microcredential in Nuclear Technology – University of Nevada, Las Vegas | UNLV

    UNLV Unveils Cutting-Edge Microcredential Program to Fuel Growth in Nuclear Technology

    Why Technology Will Never Take Over Completely – Patheos

    Why Technology Will Never Completely Control Our Lives

    Alcorn State awarded grant to boost STEM with VR technology – WJTV

    Alcorn State Secures Grant to Transform STEM Education Through Cutting-Edge VR Technology

    Hyundai: The Only Way To Beat China Is To Embrace Technology – InsideEVs

    Hyundai’s Bold Strategy to Outpace China with Cutting-Edge Technology

    Teaching older adults how to use technology – WWNY

    Empowering Older Adults to Master Technology with Confidence

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    ‘When Calls the Heart’ Fans All Want the Same Thing After Seeing the Show’s Latest Update – yahoo.com

    When Calls the Heart’ Fans Rally Together in Excitement Over Exciting New Update!

    Quotes of the Week: Peacemaker, Project Runway, Countdown and More – yahoo.com

    This Week’s Most Memorable Quotes from Peacemaker, Project Runway, Countdown, and More!

    Drake Appears in Teaser for Bobbi Althoff’s New Podcast ‘Not This Again’ – yahoo.com

    Drake Drops a Surprise Cameo in Bobbi Althoff’s Thrilling New Podcast Teaser ‘Not This Again

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    How to watch ‘F1: The Movie’ on Prime Video – About Amazon

    Experience the Thrill: How to Stream ‘F1: The Movie’ on Prime Video

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Figure Technology Solutions, Inc. Files Registration Statement for Proposed Initial Public Offering – Business Wire

    Figure Technology Solutions, Inc. Unveils Exciting Plans for Its Upcoming Initial Public Offering

    UNLV Responds to Workforce Need with Microcredential in Nuclear Technology – University of Nevada, Las Vegas | UNLV

    UNLV Unveils Cutting-Edge Microcredential Program to Fuel Growth in Nuclear Technology

    Why Technology Will Never Take Over Completely – Patheos

    Why Technology Will Never Completely Control Our Lives

    Alcorn State awarded grant to boost STEM with VR technology – WJTV

    Alcorn State Secures Grant to Transform STEM Education Through Cutting-Edge VR Technology

    Hyundai: The Only Way To Beat China Is To Embrace Technology – InsideEVs

    Hyundai’s Bold Strategy to Outpace China with Cutting-Edge Technology

    Teaching older adults how to use technology – WWNY

    Empowering Older Adults to Master Technology with Confidence

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home News

10 major economic decisions taken by President Tinubu in his first 30 days in office 

June 29, 2023
in News
10 major economic decisions taken by President Tinubu in his first 30 days in office 
Share on FacebookShare on Twitter

Nigeria’s President Bola Ahmed Tinubu was sworn in as Nigeria’s 16th president on May 29, 2023, and has wasted no time in implementing his economic agenda for the country.  

In his first 30 days in office, he has taken some bold and controversial decisions that have shaken up the status quo and generated mixed reactions from Nigerians and the international community.  

During his inauguration speech on the 29th of May 2023, President Tinubu shocked analysts and observers when he announced the removal of fuel subsidies. 

Here are 10 of the most significant economic decisions he has made so far:  

10. Unification of the naira

In a significant policy shift, President Tinubu announced his government’s decision to unify the exchange rate, replacing the previous multiple exchange rate regime implemented during the administration of former President Buhari by the Central Bank of Nigeria (CBN).

The move is expected to enhance transparency, reduce distortions, and boost confidence in the naira.  
The unified exchange rate is now determined by market forces, with the CBN intervening only to smooth out volatility.

9.  Inauguration of the economic council

On June 14th, 2023, President Tinubu inaugurated a new economic council to advise him on economic policies and reforms, coinciding with the Central Bank of Nigeria’s announcement of the unification of the forex market, merging all segments into a single window.

The council, typically consisting of 36 state governors, the CBN governor, and other officials, aims to foster collaboration among governments at all levels. The Vice-President chairs the council. 
The council is expected to provide independent and evidence-based advice to the president on how to achieve his vision of transforming Nigeria into a prosperous and inclusive economy.  

8. Removal of CBN Governor

On June 9, 2023, President Tinubu ordered the suspension of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

The reasons for Emefiele’s suspension are believed to be related to issues including the handling of the naira redesign policy, a failed presidential bid, and policy mishandlings such as mismanagement of foreign exchange reserves and ineffective monetary policies. 
The Central Bank Act does not explicitly allow for the suspension of the CBN Governor during an ongoing investigation, raising concerns about the independence of the central bank. 
Mr Emefiele was also directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate), Mr Folashodun Adebisi Shonubi, who will act as the Central Bank Governor pending the conclusion of the investigation and the reforms. 

 7. Managed float of the naira

On June 20, 2023, The Central Bank of Nigeria disclosed that the recent monetary policy decision implemented is not a free float but a managed float.

In a Bloomberg in Rabat, Morocco, Deputy Governor Kingsley Obiora revealed that the Central Bank of Nigeria clarified its recent monetary policy decision. 
The deputy governor also expressed caution in determining whether the exchange rate of the naira to the dollar has reached its lowest point, suggesting that it may still be too early to make such a determination. 
The decision to move to a managed float exchange rate policy is in line with the president’s decision to pursue a more market-driven forex policy. 

6. Removal of fuel subsidy

President Tinubu abolished the fuel subsidy, which had been a source of corruption, inefficiency, and fiscal burden for decades.

The subsidy had cost the government over N1 trillion annually while benefiting mainly the wealthy and the smugglers.  
The removal of the subsidy is expected to free up resources for infrastructure, health, education, and social welfare programs, as well as encourage private investment in the downstream sector of the oil industry. 
The price of fuel has since more than doubled from an average of about N185/litre to an average of about N495/Litre depending on where you are buying from. 

5. Dissolution of governing boards of FG parastatals

On the 16th of June, President Bola Ahmed Tinubu approved the immediate dissolution of the Governing Boards of all Federal Government Parastatals, Agencies, Institutions, and Government-Owned Companies in the exercise of its Constitutional Powers and in the Public interest.

The dissolution does not affect Boards, Commissions, and Councils listed in the Third Schedule, Part 1, Section 153 (i) of the 1999 Constitution of the Federal Republic of Nigeria as amended. 
The permanent secretaries were also mandated to act as chief executive officers accordingly. 

 4. Suspension of EFCC chair

On June 14, 2023, President Tinubu approved the removal of the chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, who had been appointed by former President Buhari in February 2021.

Mr Bawa was accused of being compromised, ineffective, and partisan in his fight against corruption. 
He was also directed to immediately hand over the affairs of his office to the Director, Operations in the Commission. 

3. Appointment of national security adviser

On June 19, 2023, President Tinubu announced the appointment of Mallam Nuhu Ribadu as the national security adviser (NSA).  

He said he chose Ribadu because of his integrity, experience and expertise in security matters.  
He is also expected to coordinate all aspects of national security.  

2. Retirement of service chiefs and appointment of new ones

On June 19, 2023, the Office of the Secretary to the Government of the Federation (SGF), announced the retirement of all service chiefs and their replacements.

1. The signing of electricity, student loan and data protection acts respectively

On June 14, 2023, President Tinubu signed the Nigeria Data Protection Bill 2023 into law. The newly enacted legislation establishes a legal framework for safeguarding personal information and promoting data protection practices in Nigeria.

The bill, which was introduced to the Senate and House of Representatives on April 4, 2023, via a letter from former President Muhammadu Buhari, has now become an Act.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Nairametrics – https://nairametrics.com/2023/06/29/10-major-economic-decisions-taken-by-president-tinubu-in-his-first-30-days-in-office/

Tags: Economicmajornews
Previous Post

3 French airports paralysed as air controllers strike

Next Post

FUGAZ stocks under Tinubu’s first 30 days: What you would have made if you invested N1 Million in each

Dengue – World Health Organization (WHO)

Dengue – World Health Organization (WHO)

August 25, 2025
5 Years On, China’s Property Crisis Has No End in Sight – The New York Times

Five Years Later, China’s Property Crisis Shows No Signs of Easing

August 25, 2025
‘When Calls the Heart’ Fans All Want the Same Thing After Seeing the Show’s Latest Update – yahoo.com

When Calls the Heart’ Fans Rally Together in Excitement Over Exciting New Update!

August 25, 2025
State regulators approve sharp health insurance rate increases – Insurance Business America

State Regulators Greenlight Steep Health Insurance Rate Hikes

August 25, 2025
Pols & Politics: Audit finds Mass. government fraudulent spending nearly doubled in Q4 – Boston Herald

Pols & Politics: Audit finds Mass. government fraudulent spending nearly doubled in Q4 – Boston Herald

August 25, 2025
Eightmile Dam rebuild & restoration – Washington State Department of Ecology (.gov)

Breathing New Life into Eightmile Dam: An Ambitious Rebuild and Restoration Effort

August 24, 2025
Scientists Sequenced the DNA of the ‘Last Neanderthal’—and It Alters Human History – yahoo.com

Scientists Unlock the DNA of the ‘Last Neanderthal,’ Revolutionizing Our View of Human History

August 24, 2025
RIKEN, Japan’s Leading Science Institute, Taps Fujitsu and NVIDIA for Next Flagship Supercomputer – NVIDIA Blog

Japan’s Leading Science Institute Teams Up with Fujitsu and NVIDIA to Create Next-Generation Supercomputer

August 24, 2025
Is a relief rally coming for Equity LifeStyle Properties Inc. holders – July 2025 Retail & Weekly High Return Opportunities – Newser

Is a relief rally coming for Equity LifeStyle Properties Inc. holders – July 2025 Retail & Weekly High Return Opportunities – Newser

August 24, 2025
Figure Technology Solutions, Inc. Files Registration Statement for Proposed Initial Public Offering – Business Wire

Figure Technology Solutions, Inc. Unveils Exciting Plans for Its Upcoming Initial Public Offering

August 24, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (788)
  • Economy (809)
  • Entertainment (21,688)
  • General (16,657)
  • Health (9,849)
  • Lifestyle (821)
  • News (22,149)
  • People (810)
  • Politics (818)
  • Science (16,020)
  • Sports (21,307)
  • Technology (15,789)
  • World (790)

Recent News

Dengue – World Health Organization (WHO)

Dengue – World Health Organization (WHO)

August 25, 2025
5 Years On, China’s Property Crisis Has No End in Sight – The New York Times

Five Years Later, China’s Property Crisis Shows No Signs of Easing

August 25, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version