NIGERIA’S ECONOMIC FUTURE BRIGHT- CORDOSO

Governor of the Central Bank of Nigeria, Olayemi Cardoso said despite the apparent gloomy picture of the country’s economy, the future was bright and positive, especially in the light of recent inflow of $1.8 billion.

The positive assessment came as Secretary to the Government of the Federation, Senator George Akume, said the hardship being experienced by Nigerians would, undoubtedly, lead to a better tomorrow, with drop in the cost of living.

However, the Catholic Bishops of Nigeria expressed concern over the rising hardship in the country.

Similarly, former Vice President Atiku Abubakar lamented that the President Bola Tinubu administration was not “ready to open itself to sound counsel, as well as control internal bleedings occasioned by corruption and poorly negotiated foreign loans”.

But the presidency faulted Atiku, saying he muddled up facts in an attempt to rubbish the foreign exchange policy of the Tinubu administration.

At the same time, Bauchi State Governor Bala Mohammed lamented that the current free fall of the naira against the dollar has put his government’s plans in jeopardy.

That was as the African Development Bank (AfDB) warned that Nigeria, Ethiopia, Angola, and Kenya risked social unrest owing to rising prices of fuel and other commodities.