The Nation Newspaper

Tag: Tunde Adeoye

  •  Economist wants CBN to pump money into circulation

    An Economist, Dr Tunde Adeoye, has advised the Central Bank of Nigeria (CBN) to pump more funds into the economy in order to pull the nation out of current recession.

    Adeoye, who is a Senior Lecturer, Department of Economics, University of Lagos, told the News Agency of Nigeria (NAN) in Ota, Ogun on Wednesday that the apex bank should also regulate interest rate.

    He was reacting to the comments by the CBN Governor, Mr Godwin Emefiele, who said on Tuesday that the nation would be out of recession by the third quarter of the year.

    Emefiele had said that the nation had more than $31 billion in its external reserve, which was enough to defend the Naira and bring down the prices of goods.

    Adeoye noted that the prices of goods have gone up due to slow economic activities in the country.

    He added that the nation’s external reserves depended on the price of oil in the international market, as such “Nigeria should not rely on rise in oil prices to get out of recession because the country does not have control over the prices.

    “Instead, the nation should look for long lasting solutions by pumping more money into circulation and regulating the interest rate.”

    According to him, when there is more money in circulation, it will make funds available in the system and people will have access to them.

    “This will boost economic activities and bring down the inflation rate.’’

  • Economist urges CBN to pump money into the circulations

    An Economist, Dr Tunde Adeoye, has advised the Central Bank of Nigeria (CBN) to pump more funds into the economy in order to pull the nation out of current recession.

    Adeoye, who is a Senior Lecturer, Department of Economics, University of Lagos, told the News Agency of Nigeria (NAN) in Ota, Ogun on Wednesday that the apex bank should also regulate interest rate.

    He was reacting to the comments by the CBN Governor, Mr Godwin Emefiele, who said on Tuesday that the nation would be out of recession by the third quarter of the year.

    Emefiele had said that the nation had more than $31 billion in its external reserve, which was enough to defend the Naira and bring down the prices of goods.

    Adeoye noted that the prices of goods have gone up due to slow economic activities in the country.

    He added that the nation’s external reserves depended on the price of oil in the international market, as such “Nigeria should not rely on rise in oil prices to get out of recession because the country does not have control over the prices.

    “Instead, the nation should look for  long lasting solutions by pumping more money into circulation and regulating the interest rate.”

    According to him, when there is more money in circulation, it will make funds available in the system and people will have access to them.

    “This will boost economic activities and bring down the inflation rate.’’

  • Old boys seek return of school to owners

    •Govt: we’re in the process

    Loyola College Ibadan Old Boys Association has urged the state government to return the school to its owner, to stem fall in education standard.

    The General Secretary of the association, Mr. Tunde Adeoye, a lawyer, spoke yesterday to reporters to herald the 60th anniversary of the college.

    According to him, the takeover of missionary schools by governments has not helped the education sector.

    He said it has resulted in decline in the standard of education.

    Said Adeoye: “We know that government is doing its best to improve the standard of education, but we know that schools are many. This is why government needs to collaborate with the owners of such schools and return them.

    “Loyola College, Ibadan is a monument, which we will not allow to perish. The mission schools are yearning for a return to their owners to prevent further decay in the education sector.”

    Oyo State Commissioner for Information, Prince Gbade Lana, said  government alone cannot fund education, adding that the move to return some schools to their founders is being considered by the government.

     

  • Sumbo Adeoye rocks baby bump

    Sumbo Adeoye rocks baby bump

    FEW months after Sunmbo Ajaba, one of the baby mamas of hip-hop sensation, Tuface Idibia, got married to the senior pastor of Royalty Christain Centre, Tunde Adeoye, the delectable lady is rocking a baby bump.

    Sumbo is the mother of Tuface’s two children, Zion and Nino. And she is head of the choir of the Pastor Adeoye-led church. The clargyman got married to Sumbo two years after the demise of his first wife.