Governor Bala Mohammed of Bauchi State disputes the effectiveness of Nigeria’s economic reforms, calling for urgent policy reviews to address rising inflation and public hardship In a direct challenge to the World Bank’s stance, Bauchi State Governor Bala Mohammed has expressed strong dissatisfaction with the Federal Government’s economic reforms, claiming they are not delivering the…
The World Bank emphasizes the importance of supporting Nigeria’s economic reforms to ensure long-term stability and growth The World Bank has called on Nigerians to fully support the ongoing economic reforms in Nigeria, cautioning that any opposition or reversal could have severe consequences for the nation’s economy. Speaking at the launch of the Nigeria Development…
Despite the absence of Nigeria’s President and Vice President, Senate President Akpabio and top officials maintain leadership responsibilities In the ongoing absence of President Bola Ahmed Tinubu and Vice President Kashim Shettima, leadership during Tinubu and Shettima’s absence remains a topic of national discussion. The Presidency has named Senate President Godswill Akpabio, Secretary to the…
In a significant development aimed at easing the economic pressure on Nigerians, the Federal Government and the Organized Labour have agreed on concrete steps to reduce transport fares and the prices of essential commodities, especially food. This was a key outcome of a meeting held on Wednesday in Abuja, with both sides focusing on how…
Governor Sanwo-Olu reveals Lagos State will implement an N85,000 minimum wage, surpassing the federal benchmark of N70,000 Governor Babajide Sanwo-Olu has announced that Lagos State will implement a new minimum wage of N85,000 for its workers. This significant Lagos minimum wage increase was disclosed during a recent interview on Channels TV, where the governor discussed…
The Federal Capital Territory (FCT) Minister, Nyesom Wike, has called on Nigerians to pay taxes for government revenue, emphasizing that the government needs financial resources to provide essential services. Speaking at the Abuja Business and Investment Summit on Wednesday, Wike highlighted the importance of tax payments in sustaining public services. During the summit, themed Optimising…
Tinubu’s tenure as petroleum minister has seen an astronomical rise in fuel prices, severely impacting Nigerian citizens already facing economic hardship When President Bola Tinubu took office in May 2023, many Nigerians had high hopes for better governance, but PMS prices under Tinubu have continued to soar, contrary to his campaign promises. His administration has…
Minister of Finance Outlines Economic Reforms Aimed at Supporting the Most Needy Through Direct Cash Transfers The Nigerian government, under the leadership of President Bola Tinubu, has announced plans to initiate direct cash transfers to 20 million of the nation’s poorest citizens. This initiative forms part of a broader social investment strategy designed to cushion…
World Bank presents a seven-point strategy to Nigeria for long-term economic growth, emphasizing equitable distribution of oil wealth to benefit the broader population The World Bank has called on the Nigerian government to prioritize oil wealth for Nigerians’ welfare, encouraging leaders to channel the country’s abundant oil revenues towards benefiting all citizens rather than just…
Widespread blackout reported after another national grid collapse, with power disruptions across several states Nigeria has once again been plunged into darkness following a collapse of the national grid on Monday, October 14, 2024. This latest grid failure has resulted in widespread power outages across the country, disrupting daily activities and adding to the existing…
Subscribe to our monthly newsletter