• Latest
  • Trending
  • All
June 12: President Buhari’s Democracy Day Speech [full text]

“ECONOMY ON UPWARD TRAJECTORY DESPITE HICCUPS” – BUHARI

9mobile Changes Name, Logo

9mobile Changes Name, Logo

MARITAL DESERTION: ABANDONING A MARRIAGE PARTNER OR RUNNING AWAY FROM MARRIAGE

MARITAL DESERTION: ABANDONING A MARRIAGE PARTNER OR RUNNING AWAY FROM MARRIAGE

Regulatory Compliance of Cryptocurrency: A Comparative Analysis of Nigeria Law vis- a-vis Global Law

Regulatory Compliance of Cryptocurrency: A Comparative Analysis of Nigeria Law vis- a-vis Global Law

NNPC Boss Ojulari Allegedly Forced to Resign

Presidency opens up on Alleged ‘Forceful Resignation’ of Ojulari as NNPC Chairman

Boxing legend Muhammad Ali’s brother dies

Boxing legend Muhammad Ali’s brother dies

NNPC Boss Ojulari Allegedly Forced to Resign

NNPC Boss Ojulari Allegedly Forced to Resign

FG Plans Mandatory Drug Tests for Undergraduate Students, Reveals Commencement Date

FG Plans Mandatory Drug Tests for Undergraduate Students, Reveals Commencement Date

Angry Youths loot CBEX Office in Ibadan [Video]

EFCC Gives Update on CBEX Funds Recovery

Dino Melaye dumps PDP, says ‘Party is impotent’

Dino Melaye dumps PDP, says ‘Party is impotent’

When Wolves Wear Sheep’s Clothing by Fatimah Hamid

Killer Of Kwara Final-Year Student Sentenced To Death

Girlfriend stabs Boyfriend to Death in Ondo for Cheating

Girlfriend stabs Boyfriend to Death in Ondo for Cheating

CAC sets Deadline to delist 100,000 Dormant Companies

CAC sets Deadline to delist 100,000 Dormant Companies

  • About Us
  • Advertise with Us
  • Editorial Policy
Saturday, August 9, 2025
  • Login
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • Life Style
  • Advertise with Us
  • Opinion
  • Campus
No Result
View All Result
iDeemlawful
No Result
View All Result
No Result
View All Result
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • Commentary
  • Editorial
  • Campus

“ECONOMY ON UPWARD TRAJECTORY DESPITE HICCUPS” – BUHARI

by Usama OLAGUNJU
September 10, 2022
A A
June 12: President Buhari’s Democracy Day Speech [full text]
FacebookTwitterWhatsapp

Notwithstanding disruptions that characterize the global economy and internal troubles, President Muhammadu Buhari has said that the Nigerian scenario has continued to show resilience, maintaining an upward trajectory.

At the inauguration of the Presidential Committee on the National Economy, Buhari said the Coronavirus Disease (COVID-19), the war in Ukraine, and the loss of substantial volumes of oil negatively impacted the Nigerian economy.

His words: “Starting with COVID-19 and now the conflict in Ukraine, the past three years have been turbulent for the global economy. Global interdependence has become more apparent, as we have had to deal with volatility, uncertainty, complexity, and ambiguity.

RelatedPosts

JUST IN: Governor Adeleke cast his votes as Osun LG poll begins

Meranda presides over Lagos Assembly plenary amidst Tension

JUST IN: Lagos Assembly Speaker, Mojisola Meranda faces mounting pressure to step down

Wike backs Tinubu despite economic woes as G-5 Governors meet Makinde

“In this period, challenges faced by the world have been many, including lockdowns as COVID-19 raged, disruptions to supply chains around the world, and sharp fluctuation in prices.”

According to him, just as the world was beginning to recover from COVID-19, the conflict in the Black Sea region between Ukraine and Russia worsened the challenges already being faced and created additional problems to which policy-makers must respond.

“Our economy continues to grow, despite the adverse effect of rising interest rates, a stronger United States dollar, and higher inflation across the world,” he said.

The President noted, however, that some of the problems could be addressed internally, making the constitution of the seasoned economic experts expedient: He added: “It is, however, important to note that some of the issues we must address are peculiar to us; for example, the decline in our production of crude oil. It is estimated that last month, August 2022, we produced less than one million barrels. The fall in production is essentially due to economic sabotage.”

“With the high price of oil in the world markets, producing at about half our Organisation of the Petroleum Exporting Countries (OPEC) quota has deprived us of the much-needed revenue and foreign exchange. The government is working tirelessly to reverse this situation.”

Tags: iPad
Previous Post

BREAKING: PDP House of Reps candidate, Mohammed Bukar dies in Yobe

Next Post

Flooding: Abiodun urges awareness over Oyan Dam opening

Usama OLAGUNJU

Usama OLAGUNJU

Related Posts

9mobile Changes Name, Logo
Business News

9mobile Changes Name, Logo

MARITAL DESERTION: ABANDONING A MARRIAGE PARTNER OR RUNNING AWAY FROM MARRIAGE
Commentary

MARITAL DESERTION: ABANDONING A MARRIAGE PARTNER OR RUNNING AWAY FROM MARRIAGE

Regulatory Compliance of Cryptocurrency: A Comparative Analysis of Nigeria Law vis- a-vis Global Law
Commentary

Regulatory Compliance of Cryptocurrency: A Comparative Analysis of Nigeria Law vis- a-vis Global Law

NNPC Boss Ojulari Allegedly Forced to Resign
Breaking News

Presidency opens up on Alleged ‘Forceful Resignation’ of Ojulari as NNPC Chairman

Boxing legend Muhammad Ali’s brother dies
Sport News

Boxing legend Muhammad Ali’s brother dies

NNPC Boss Ojulari Allegedly Forced to Resign
Breaking News

NNPC Boss Ojulari Allegedly Forced to Resign

FG Plans Mandatory Drug Tests for Undergraduate Students, Reveals Commencement Date
Breaking News

FG Plans Mandatory Drug Tests for Undergraduate Students, Reveals Commencement Date

Angry Youths loot CBEX Office in Ibadan [Video]
Breaking News

EFCC Gives Update on CBEX Funds Recovery

Dino Melaye dumps PDP, says ‘Party is impotent’
Politics News

Dino Melaye dumps PDP, says ‘Party is impotent’

When Wolves Wear Sheep’s Clothing by Fatimah Hamid
Breaking News

Killer Of Kwara Final-Year Student Sentenced To Death

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

iDeemlawful

Copyright © 2019–2025 Deemlawful Media

  • About Us
  • Advertise with Us
  • Editorial Policy

Connect With Us

No Result
View All Result
  • Home
  • News
  • Featured
  • Politics
  • Life Style
  • Advertise with Us
  • Opinion
  • Campus

Copyright © 2019–2025 Deemlawful Media

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In