Nigerians’ll reap economic gains of Tinubu’s reforms in Q1 2024 – Rewane


The Chief Executive Officer, Financial Derivatives Company Limited, Bismarck Rewane has assured Nigerians that the economic reforms and policies of President Bola Tinubu’s administration will start yielding results from the first quarter of 2024.

Rewane said this on Saturday, while speaking on Arise News TV programme, adding that there will be more pains this year on all the reforms.

“The bad news is that there is pain and they will be more pain in the short run but the good news is that there will be gains in the first quarter of 2024,” he said.


“I used to think that you will get that sooner, but you will need to have your supplementary budget and recycle money into the system.”

Nigerians have been faced with challenging times since the inauguration of the president, on May 29, when he announced the removal of petrol subsidy, a declaration that resulted in a hike in the pump price of petrol.

The latest of the fuel subsidy removal was on Tuesday, when the petrol price surged to N617 per litre in the federal capital territory (FCT) and environs, whilst it is sold for around N568 a litre in Lagos.

George Akume, secretary-general to the government of the federation (SGF), on Saturday, asked Nigerians to be patient while the government implements solutions to “normalise” the price of petrol.

The SGF described the petrol subsidy regime as regressive, adding that the annual payments were not sustainable and that Tinubu “had to act”.

Akume also said Tinubu’s actions of unifying the exchange rate and rejigging the country’s security architecture were proof of his commitment to securing the country’s future.

Commenting on the exchange rate, Rewane said, “What system is being used to keep your exchange rate from being misaligned fundamentally, I think that’s the key issue.

“The exchange rate is misaligned because there are certain things that are being done that affect it. For example, you are holding some variables constants while allowing some variables to change.”

FreeStuffsNG:
It may even come earlier than Q1,2024

FreeStuffsNG:
The huge economic benefits may even come earlier than Q1,2024

Maazieze:
I feel like we were told similar things under Buhari's regime

FreeStuffsNG:
Nigerians’ll reap economic gains of Tinubu’s reforms in Q1 2024 – Rewane

The Chief Executive Officer, Financial Derivatives Company Limited, Bismarck Rewane has assured Nigerians that the economic reforms and policies of President Bola Tinubu’s administration will start yielding results from the first quarter of 2024.

Rewane said this on Saturday, while speaking on Arise News TV programme, adding that there will be more pains this year on all the reforms.

“The bad news is that there is pain and they will be more pain in the short run but the good news is that there will be gains in the first quarter of 2024,” he said.


“I used to think that you will get that sooner, but you will need to have your supplementary budget and recycle money into the system.”

Nigerians have been faced with challenging times since the inauguration of the president, on May 29, when he announced the removal of petrol subsidy, a declaration that resulted in a hike in the pump price of petrol.

The latest of the fuel subsidy removal was on Tuesday, when the petrol price surged to N617 per litre in the federal capital territory (FCT) and environs, whilst it is sold for around N568 a litre in Lagos.

George Akume, secretary-general to the government of the federation (SGF), on Saturday, asked Nigerians to be patient while the government implements solutions to “normalise” the price of petrol.

The SGF described the petrol subsidy regime as regressive, adding that the annual payments were not sustainable and that Tinubu “had to act”.

Akume also said Tinubu’s actions of unifying the exchange rate and rejigging the country’s security architecture were proof of his commitment to securing the country’s future.

Commenting on the exchange rate, Rewane said, “What system is being used to keep your exchange rate from being misaligned fundamentally, I think that’s the key issue.

“The exchange rate is misaligned because there are certain things that are being done that affect it. For example, you are holding some variables constants while allowing some variables to change.”

https://www.vanguardngr.com/2023/07/nigeriansll-reap-economic-gains-of-tinubus-reforms-in-q1-2024-rewane/#google_vignette
Mynd44 nlfpmod

FreeStuffsNG:
Nigerians’ll reap economic gains of Tinubu’s reforms in Q1 2024 – Rewane



“The exchange rate is misaligned because there are certain things that are being done that affect it. For example, you are holding some variables constants while allowing some variables to change.”

https://www.vanguardngr.com/2023/07/nigeriansll-reap-economic-gains-of-tinubus-reforms-in-q1-2024-rewane/#google_vignette
Mynd44 nlfpmod

FreeStuffsNG:
The huge economic benefits may even come earlier than Q1,2024.

Only those who are knowledgeable about how the economy works will understand these bold progressive policies.

A lazy youth with entitlement mentality who is unpatriotic , used to idle unproductive time on social media and free easy money can never understand.

FreeStuffsNG:
The huge economic benefits may even come earlier than Q1,2024.

Only those who are knowledgeable about how the economy works will understand these bold progressive policies.

A lazy youth with entitlement mentality who is unpatriotic , used to idle unproductive time on social media and free easy money can never understand.

helinues:
From our renowned Rewane..

We can take that statement to the bank for pending cash out anytime.

With Tinubu's presidency, better Nigeria ahead

LikeAking:



Oga this man no Sabi anything..

All his predictions are mostly wrong.

kettykings:
Who else remembers the empty promises of buhari failed regime and how people waited till the last moment before having their hopes dashed......