Critics are raising concerns about President Bola Tinubu’s recent proposal for a youth conference, suggesting it is a tactic to distract from his administration’s failed policies and secure support for the 2027 election. In his October 1 Independence Day speech, Tinubu announced plans for a 30-day national youth conference aimed at addressing the issues facing…
Economic hardship forces Nigerians to abandon toothpaste for traditional alternatives Amid skyrocketing prices of essential goods, chewing sticks replace toothpaste due to high costs in many Nigerian households. The economic situation has made even basic items like toothpaste unaffordable for the average family, pushing people to turn to traditional alternatives. For many, spending thousands of…
The persistent rise in fuel prices and inflation has led to widespread financial hardship across Nigeria, significantly impacting families in Akwa Ibom State. Many households are grappling with severe poverty, and as a result, there has been a sharp increase in gender-based violence (GBV). In Akwa Ibom, many women who once supported their families financially…
The Nigerian Electricity Regulatory Commission (NERC) is set to probe the frequent grid collapses and outages across the country through a public hearing The NERC public hearing on grid collapses is set to address the recurring power outages that have impacted several states across Nigeria. The Nigerian Electricity Regulatory Commission (NERC) aims to investigate the…
The Nigerian government seeks a $500 million loan from the World Bank to enhance basic education and tackle school dropout rates The Nigerian government is on the verge of securing a World Bank loan for basic education worth $500 million. This move is aimed at addressing the challenges in the country’s education sector, particularly the…
The National Association of Proprietors of Private Schools (NAPPS) has raised concerns about school closures and student withdrawals due to the economic hardship in Nigeria Rising economic hardship is forcing many parents to shift their children from private to public schools, as they seek to manage the escalating costs of education and transportation. The National…
Nigeria’s currency faces severe depreciation, ranking as one of the worst-performing globally in 2024, with experts pointing to fiscal imbalances and low foreign reserves The Naira’s depreciation continues to raise concerns as it dropped further to N1,710 per dollar in the parallel market, making it one of the worst-performing currencies globally in 2024. This trend…
Nigeria’s Finance Minister confirms the removal of fuel and foreign exchange subsidies while outlining economic plans to alleviate hardship The Nigerian government has confirmed that fuel and FX subsidies removed will remain a permanent policy, according to the Finance Minister, Wale Edun. Speaking at the World Bank’s Nigeria Development Update presentation in Abuja, Edun emphasized…
Despite economic hardship, the World Bank sees encouraging progress from Nigeria’s recent fiscal policies and reforms While many Nigerians express concern over the economic challenges resulting from recent policy changes, Nigeria’s fiscal reforms show positive results according to the World Bank. The international institution reported that the country is beginning to experience the benefits of…
Senator Orji Kalu reveals that President Tinubu is aware of the economic struggles facing Nigerians and discreetly tours Abuja to assess the situation firsthand Orji Kalu, the senator representing Abia North, has disclosed that President Bola Tinubu is fully aware of the economic difficulties currently being faced by Nigerians. According to Kalu, Tinubu makes efforts…
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