fbpx
Tuesday, November 24, 2020

WELCOME TO ADAHZION BLOG Latest News & Music

Home NEWS News CORONAVIRUS: Tinubu Tells Banks, and FG to Reduce Interest Rates,Provide Tax Reliefs

CORONAVIRUS: Tinubu Tells Banks, and FG to Reduce Interest Rates,Provide Tax Reliefs

The national leader of the All Progressives Congress (APC), Bola Tinubu, is of the opinion that if the COVID-19 crisis is to have any positive economic aspect, then it should be that Nigeria used this moment to drive down interest rates.

Chief Tinubu in a lengthy communique on Sunday, advised the Federal Government avail tax reliefs that would aid financial institutions in the country to reduce their interest rates.

In his statement, the elder statesman noted that by doing this, the government will saving the nation from a monumental drag on national economic growth.

According to him, lower rates will increase domestic investment and production, as well as create jobs.

While noting that lower rates may have some negative short-term impact on inflation and the exchange rate, the former governor of Lagos argued that the economic dislocations caused by the coronavirus will serve to mitigate those temporary negative consequences.

Leave a Reply

Most Popular

”I Dont Know Why Buhari Is Fooling Nigerians With Recession”- Pastor Giwa

Pastor Adewale Giwa of Awaiting The Second Coming Of Christ Ministry, has spoken on the recession Nigeria is in presently and says that since...

FG Assures That Nigeria Will Exit Recession In The First Quater Of 2021

On Monday, in Abuja, the Federal Government assured that Nigeria will exit recession in the first quater of 2021. Mrs Zainab Ahmed, Minister of Finance,...

Oba Of Benin And One Of His Wives, Queen Owamagbe Welcome Baby Girl

Oba of Benin,67 and one of his wives welcome a baby girl together. In a statement released from the office of the 67-year-old monarch, it...

Download MUSIC}Blessing Chigozie-Awesome God

Dynamic gospel music minister and prolific songwriter, Blessing Chigozie has release a brand new song titled “Awesome God” In her word:  “I received the song “Awesome God”...

Recent Comments

%d bloggers like this: