The UK Government praised the positive economic changes witnessed during Bola Tinubu's time, highlighting their potential to attract investments, despite labor groups' calls for nationwide protests in Nigeria. This insight was shared by James Cleverly, the British Foreign Secretary, during a business briefing held in Lagos on Tuesday.
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Discussing Economic Measures and Subsidies
Cleverly emphasized that while innovative national-level macroeconomic measures have their limitations, discontinuing fuel subsidies and standardizing exchange rates could stimulate investments and strengthen growth. He highlighted the importance of capital to encourage investment, progress, and job creation across African nations.Continue Reading:https://www.investingport.com/briti...ys-fuel-subsidy-removal-to-boost-investments/