economic policy

From Plateau's N300 million Ramadan support to Lagos councils launching cash empowerment schemes, state and local governments across Nigeria are deploying targeted interventions to cushion citizens against economic hardship.

President Bola Tinubu has nominated Taiwo Oyedele, chairman of the Presidential Tax Reform Committee, as Minister of State for Finance, while redeploying Doris Anite-Uzoka to the Budget Ministry in a cabinet reshuffle aimed at strengthening economic management.

Japan's births have declined for ten consecutive years, intensifying pressure on Prime Minister Sanae Takaichi to reverse a crisis that threatens the nation's economic foundation and social fabric.

As debate rages over renaming KwaZulu-Natal, economists warn that South Africa's fundamental economic design—not symbolic gestures—perpetuates mass unemployment and social breakdown.

A High Court decision has removed legal obstacles to the government's privatization program, enabling the sale of stakes in state-owned enterprises as authorities seek to reduce fiscal burdens and attract private investment.

Nigerian non-oil exporters shift trade focus to China amid US policy uncertainty, while infrastructure funding inefficiencies and renewed Boko Haram violence compound economic and security pressures on Africa's largest economy.

Finance Minister Enoch Godongwana withdrew a planned R20 billion tax increase after stronger-than-expected collections, while announcing a revised inflation target that economists praise as a turning point for policy credibility.

South Africa's wine industry warns of job losses from proposed sin tax increases, while Nigeria grapples with power supply failures crippling SMEs and mortgage market exclusion affecting earners below N500,000 monthly.

Labour Party's 2023 presidential candidate Peter Obi has shifted the national debt discourse, arguing that Nigeria's fundamental problem lies in fund mismanagement rather than borrowing levels, challenging conventional fiscal policy debates.

The Centre for the Promotion of Private Enterprise has flagged vulnerabilities in Nigeria's capital flow composition, warning that headline growth figures mask underlying structural risks that could destabilize the economy.

Finance Minister Wale Edun has called for Nigeria to rely on domestic resources rather than external financing for sustainable economic development, as the government's macroeconomic reforms begin showing positive results.

Federal government initiatives through the National Economic Council aim to enhance sub-national capacity and remove barriers preventing states from maximizing their economic contributions to national growth.

Parliamentary debate following the State of the Nation Address exposes deep divisions over government's handling of joblessness, with ANC backbenchers joining opposition in calling for concrete intervention on youth unemployment.

Kenya reverses port privatisation while Ethiopia loosens foreign exchange restrictions and South Africa adjusts toll rates, revealing competing philosophies on state control versus market liberalisation across the continent.

Business leaders at the European Business Chamber Nigeria conference have emphasized that stable economic policies are critical for attracting foreign investment, as policy volatility continues to deter capital inflows into Africa's largest economy.