{"id":132326,"date":"2023-12-18T12:26:02","date_gmt":"2023-12-18T12:26:02","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/12\/18\/avoid-exploiting-current-economic-situation-for-abnormal-profit-tinubu-to-nigerians\/"},"modified":"2023-12-18T12:26:02","modified_gmt":"2023-12-18T12:26:02","slug":"avoid-exploiting-current-economic-situation-for-abnormal-profit-tinubu-to-nigerians","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/12\/18\/avoid-exploiting-current-economic-situation-for-abnormal-profit-tinubu-to-nigerians\/","title":{"rendered":"&#8216;Avoid Exploiting Current Economic Situation For Abnormal Profit&#8217; \u2014 Tinubu To Nigerians"},"content":{"rendered":"<p><\/p>\n<div>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-899430\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/11\/Tinubu-Ministers.jpg\" alt=\"\" width=\"650\" height=\"350\"  \/><\/p>\n<p>President Bola Ahmed Tinubu has urged Nigerians not to exploit the country\u2019s current economic situation for abnormal profit.<\/p>\n<p>In an interview with The Nation on Sunday, Tinubu made the disclosure as he acknowledged the \u201csevere impact\u201d of the \u201ccrisis\u201d on Nigerians.<\/p>\n<p>Prices of commodities and the cost of living have risen steadily since Tinubu announced the removal of petrol subsidy in May.<\/p>\n<p>On Friday, the National Bureau of Statistics (NBS) pegged the country\u2019s inflation rate at 28.2 percent \u2014 Nigeria\u2019s highest since August 2005.<\/p>\n<p>He however called on the citizens not to take advantage of the situation to accrue unfair gains.<\/p>\n<p>\u201cAs your president, I am deeply aware of the economic crisis\u2019s severe impact on Nigerians, and we are part of a global challenge with the rising costs of living. To help our people, my administration is taking proactive steps.<\/p>\n<p>\u201cMoreover, we urge all Nigerians to be mindful of the current economic situation and avoid exploiting it for abnormal profits,\u201d he said.<\/p>\n<p><strong>READ ALSO: Rivers Crisis: \u201cDon\u2019t Pull The Ladder You Used In Climbing\u201d \u2013 Wike Warns<\/strong><\/p>\n<p>In October, the Federal Government launched a conditional cash transfers to 15 million households to mitigate the impact of the economic crunch.<\/p>\n<p>The policy sparked debate on social media, with many criticising it.<\/p>\n<p>Defending the scheme, Tinubu said he believes in the \u201cefficacy\u201d of the cash transfer initiatives, adding that it will assist \u201cthe most vulnerable segments of our population.\u201d<\/p>\n<p>\u201cI am steadfast in my belief in the efficacy of our cash transfer initiatives. These initiatives are a crucial part of our strategy to target and provide relief to the most vulnerable segments of our population, especially during the last three months of the year when the prices of basic items typically rise.<\/p>\n<p>\u201cThis is not just about providing temporary support; it\u2019s about strategically delivering assistance when it\u2019s needed most. We continue to work closely with all key stakeholders \u2013 including state governments, civil society groups, international partners, and private sector entities like telcos and fintechs \u2013 to refine these programmes,\u201d he said.<\/p>\n<div class=\"code-block code-block-7\" style=\"margin: 8px auto; text-align: center; display: block; clear: both;\">\n<div data-advadstrackid=\"890536\" data-advadstrackbid=\"1\" class=\"infor-target\" id=\"infor-1061266119\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/12\/300x250b.gif\" alt=\"\" width=\"300\" height=\"250\"\/><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>President Bola Ahmed Tinubu has urged Nigerians not to exploit the country\u2019s current economic situation for abnormal profit. In an interview with The Nation on Sunday, Tinubu made the disclosure as he acknowledged the \u201csevere impact\u201d of the \u201ccrisis\u201d on Nigerians. Prices of commodities and the cost of living have risen steadily since Tinubu announced [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":123734,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-132326","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nigeria-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>&#039;Avoid Exploiting Current Economic Situation For Abnormal Profit&#039; \u2014 Tinubu To Nigerians - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/12\/18\/avoid-exploiting-current-economic-situation-for-abnormal-profit-tinubu-to-nigerians\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"&#039;Avoid Exploiting Current Economic Situation For Abnormal Profit&#039; \u2014 Tinubu To Nigerians - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"President Bola Ahmed Tinubu has urged Nigerians not to exploit the country\u2019s current economic situation for abnormal profit. 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