The Minister of Budget and Economic Planning, Atiku Bagudu has said that the policies of the Bola Tinubu-led government are on track despite the currency crisis and inflation which has frustrated economic growth......Read The Full Article>>.....Read The Full Article>>
Bagudu said this on Wednesday at the Ministerial Sectoral Update held in Abuja.
Under the slogan of ‘Renewed Hope Agenda,” the Tinubu government chose eight priority areas that would spur economic growth and prosperity for Africa’s biggest economy.
But since the administration took over the office in May 2023, the currency has depreciated from around N460 per dollar to N1480 while inflation has hit 33.69 per cent as of April 2024.
In April 2023, inflation was measured by the National Bureau of Statistics at 22.22 per cent.
However, the minister admitted in his address that both foreign exchange prices and inflation were still above target.