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    PANDEF back Tinubu’s state police proposal

    PANDEF back Tinubu’s state police proposal

    Canada’s economy sheds over 60,000 jobs in August

    Canada’s economy sheds over 60,000 jobs in August

    Embrace Igbo identity, Senator Nwoko urges Anioma people

    Embrace Igbo identity, Senator Nwoko urges Anioma people

    NCDMB outlines achievements,charges media, youth groups on social responsibility

    NCDMB outlines achievements,charges media, youth groups on social responsibility

    23,659  persons missing in Nigeria, says Red cross

    23,659 persons missing in Nigeria, says Red cross

    Uzodimma’s minimum increase a landmine for next Imo gov- Observers

    Uzodimma’s minimum increase a landmine for next Imo gov- Observers

  • Metro News
    Teachers, health workers strike,others:  Wike gets fresh ultimatum from FCT workers

    FCTA clears 1,000 shanties in Abuja district

    FCT set up committee to probe sales of FG houses, parks

    FCT set up committee to probe sales of FG houses, parks

    Imo government move to end open grazing in Owerri, issues two-week ultimatum to herders

    Imo government move to end open grazing in Owerri, issues two-week ultimatum to herders

    Lagos Assembly move to enact law to regulate house rents, agents, others

    Lagos Assembly move to enact law to regulate house rents, agents, others

    Teachers, health workers strike,others:  Wike gets fresh ultimatum from FCT workers

    Wike launch operation to flush street beggars, one- chance syndicate, others in FCT

    Teachers, health workers strike,others:  Wike gets fresh ultimatum from FCT workers

    Teachers, health workers strike,others: Wike gets fresh ultimatum from FCT workers

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    PANDEF back Tinubu’s state police proposal

    PANDEF back Tinubu’s state police proposal

    Canada’s economy sheds over 60,000 jobs in August

    Canada’s economy sheds over 60,000 jobs in August

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    Otti fires six justice ministry’s workers indicted in salary fraud

    Legendary Italian fashion designer Giorgio Armani dies at 91

    Legendary Italian fashion designer Giorgio Armani dies at 91

    BREAKING: Tinubu departs Abuja for 10-day vacation in France, UK

    BREAKING: Tinubu departs Abuja for 10-day vacation in France, UK

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    Trending Tags

  • Infotech
    NIMC partners online publishers to boost digital security through NIN enrollment

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    Facebook set new monetization rules for creators who uses other people content

    Facebook set new monetization rules for creators who uses other people content

    Senate approves restoration of Aniocha North II State Constituency, Delta

    Bill mandating social media platforms to have physical office, records of employees pass second reading at the Senate

    Nigeria investigated  213 privacy breaches in 2024-NDPC

    Nigeria investigated 213 privacy breaches in 2024-NDPC

    FG begins construction of emerging technologies Institute in Kano

    FG begins construction of emerging technologies Institute in Kano

    MTN denies orchestrating poor network to influence FG, labour talk, apologizes for network fluctuations

    MTN shuns Labour-FG committee on tariff review, hike data tariff by 200%

  • World conflict & diplomacy
    Hamas accepts new Gaza truce plan – Official

    Hamas accepts new Gaza truce plan – Official

    Ukraine conflict: Trump and Putin end Alaska summit without deal

    Ukraine conflict: Trump and Putin end Alaska summit without deal

    Rwanda-backed rebels kill hundreds in DRC despite U.S.-sanctioned ceasefire

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    Sudan claims army destroys Emirati aircraft, killing Colombian mercenaries

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    UK prime minister back US military strikes on Iran ‘s nuclear sites

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    Israel bombs Iran’s heavy water reactor, says state television

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    Fight against insurgency: Middle-belt Forum hail FG, Israel security pact

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    Police, Omatekun, confirms the kidnap of seven farmers in Ondo

    Fear of attack grips Kwara NYSC over suspicious movements around camp

    Nwifuru demands arrest of killers of 13 Ebonyi indigenes in Anambra

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    State police only solution to Benue killings, others- Adams

    State police only solution to Benue killings, others- Adams

    Female suicide bomber kills 24, injure  scores in Borno community

    Female suicide bomber kills 24, injure scores in Borno community

    Obi calls for immediate end to violence against Benue communities

    Obi calls for immediate end to violence against Benue communities

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Home Finance & economy

Presidency admits leaked fiscal policy documents, says not official

Daily Intel Newspaper by Daily Intel Newspaper
June 6, 2024
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The Presidency has stated that the fiscal policy documents in circulation is unofficial. But Daily Intel Newspaper observed that it fall short of disowning the document.

Nigeria has been experiencing worsening economic crisis since President Bola Tinubu announced the removal of petrol subsidy, on his inauguration.

President Tinubu administration has since introduced a number of measures to curb rising inflation and food crisis without success.

The documents circulating the social media, and even widely carried by the traditional mainstream media claimed that In a latest attempt to address the spiralling cost of food and high inflation, President Tinubu has considered the suspension of payment of import duties on staple food items, drugs, and other essential items for an initial period of six months.

But reacting to the claims, the Presidency in a statement signed by Bayo Onanuga,
Special Adviser to the President on Information and Strategy, on Thursday, urged the public to cease discussion on the document, saying none of the document has been approved by the Federal Government.

He said the documents are mere proposals that are still subject to reviews at the highest level of decision making.

The state reads in part: “The attention of the Presidency has been drawn to two fiscal policy documents in circulation that are being given wide coverage by the mainstream media and social media platforms.

“One of the documents titled Inflation Reduction and Price Stability (Fiscal Policy Measure etc) Order 2024 is being shared as if it were an executive order signed by President Bola Ahmed Tinubu.

“The other is a 65-page draft document with the title “Accelerated Stabilisation and Advancement Plan (ASAP), which contains suggestions on how to improve the Nigerian economy. President Tinubu received a copy of the draft on Tuesday.

“We urge the public and the media to disregard the two documents and cease further discussions on them. None is an approved official document of the Federal Government of Nigeria. They are all policy proposals that are still subject to reviews at the highest level of government. Indeed, one has ‘draft’ clearly written on it.”

The FG denied reports that the Tinubu’s administration has made provision of N5.4 trillion for petrol subsidy in 2024 budget.

The FG said “The government wants to restate that its position on fuel subsidy has not changed from what President Bola Ahmed Tinubu declared on 29 May 2023. The fuel subsidy regime has ended. There is no N5.4 trillion being provisioned for it in 2024, as being widely speculated and discussed,”

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