RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

Tinubu Expresses Economic Concerns Over African Coups

Rate Captain by Rate Captain
August 31, 2023
in Economy
Reading Time: 3 mins read
A A
0
How FG Will Double Annual Revenue Without Increasing Taxes – Tinubu’s Aide.
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

AlsoRead

IMF Warns Rising Stablecoin Use Could Weaken Naira Demand and Monetary Policy

Nigeria’s Inflation Climbs to 15.93% in May as Price Pressures Persist

Nigerians Borrowed Record $3.18 Billion in Airtime Credit Last Year – Report

President Bola Tinubu has raised an alarm over the escalating number of coups witnessed across African nations, calling for a comprehensive effort to curb the expansion of “contagious autocracy” across the continent. The President expressed his resolve to collaborate with fellow African leaders in safeguarding democracy and political stability during a press conference addressing the recent coup in Gabon.

The coup in Gabon, which took place on Wednesday, marked the latest instance of political upheaval in Africa, following a similar incident in Niger where Presidential Guards overthrew the democratically elected President, Mohamed Bazoum. A dozen soldiers announced the cancellation of election results purportedly won by incumbent Ondimba Ali Bongo, alongside the dissolution of key institutions of the republic.

President Ali Bongo, who was re-elected for a third term, belongs to the Bongo family that has maintained its grip on power in Gabon since 1967. The recent coup in Gabon, coupled with the political instability in Niger, has sparked concerns about the region’s political landscape and its potential consequences for economic growth.

President Tinubu conveyed his deep concern about the trend of autocracy spreading across different regions of the African continent. In his statement, he emphasized that true power should rest in the hands of the African people rather than being determined by military actions. The President’s unwavering stance for democracy and the rule of law is evident, given his extensive history of advancing and defending democratic values.

The spread of autocracy has raised global apprehensions, with the United States, European Union, United Nations, and other international bodies expressing their concerns about the political developments in Africa. The United States Government has indicated its close monitoring of the situation, emphasizing its support for democratic ideals in Africa. The European Union Foreign Policy Chief, Josep Borrell, emphasized the need to address the issue of coups, considering their potential to destabilize the entire region.

While the unfolding situation in Gabon and other countries has sparked concern, President Tinubu’s commitment to democratic values and the promotion of constitutional governance remains steadfast. His ongoing communications with other African leaders and international stakeholders reflect a determination to address the challenges posed by the surge in coups across the continent.

Tags: African coupsdemocracyEconomic Growthinternational concern.Political StabilityPresident Bola Tinubu
Previous Post

Lagos State Government Honors 644 Retirees with N2.02bn Retirement Benefits

Next Post

Russia Denies Responsibility for African Food Shortages.

Related News

IMF Warns Rising Stablecoin Use Could Weaken Naira Demand and Monetary Policy

by Bolarinwa Mathew
June 16, 2026
0

The International Monetary Fund (IMF) has raised concerns over the rapid adoption of U.S. dollar-denominated stablecoins in Nigeria, warning that...

Navigating Inflation Crossroads: Nigeria’s Economic Odyssey Amidst Global Trends

Nigeria’s Inflation Climbs to 15.93% in May as Price Pressures Persist

by Victoria Attah
June 16, 2026
0

Nigeria’s headline inflation rate rose for the second consecutive month, reaching 15.93% in May 2026, up from 15.69% recorded in...

Nigeria’s MTN and Airtel Record N403.2 Billion Data Revenue In Q3, 2023

Nigerians Borrowed Record $3.18 Billion in Airtime Credit Last Year – Report

by Victoria Attah
June 15, 2026
0

Mobile subscribers across Nigeria and other parts of Africa took a total of $3.18 billion worth of airtime on credit...

IMF Applauds Tinubu Policy Reforms While Lowering Growth Projections

Nigeria’s External Debt Projected to Reach $72.6 Billion by 2027 – IMF

by Jide Omodele
June 10, 2026
0

The International Monetary Fund (IMF) has projected that Nigeria’s public external debt will rise sharply to $72.6 billion by 2027,...

Next Post
Russia  Denies Responsibility for African Food Shortages.

Russia Denies Responsibility for African Food Shortages.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Dollar Index Loses Steam as Treasury Yields Drift Back to 4.8%

Naira Strengthens to N1,356 per Dollar in Official Market, Best Level Since April

June 16, 2026
World Bank Extends Nigeria’s Digital Identification Project Deadline Amid Missed Targets

Tin Can and Apapa Ports Rank Among World’s Top 20 Most Improved Container Ports

June 16, 2026

Popular Story

  • Liquidity Crunch: Banking Sector’s Borrowing from CBN Surges to N12 Trillion.

     Banks Generate N224.69 Billion from E-Banking and ATM Charges in Q1 2026

    0 shares
    Share 0 Tweet 0
  • Nigerians Borrowed Record $3.18 Billion in Airtime Credit Last Year – Report

    0 shares
    Share 0 Tweet 0
  • Naira Depreciates by N5.08 Week-on-Week as Dollar Liquidity Tightens

    0 shares
    Share 0 Tweet 0
  • Elon Musk’s Wealth Crosses $1 Trillion Mark, Overtaking Nigeria’s Entire Economy

    0 shares
    Share 0 Tweet 0
  • Kenya’s Equity Group Sacks 1,200 Employees in $15.4 Million Fraud Crackdown

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>