Nigeria Pays $1.36bn to IMF and Other Creditors – DMO Report
The Nigerian government spent a staggering $1.36 billion on servicing its debts in the first six months of 2024. This amount is over 200% higher than the $431.23 million spent during the same period in 2023, according to the Debt Management Office (DMO). This sharp increase in debt servicing costs has been attributed to rising […]
We get more dead bodies than patients, can’t pay minimum wage – Medical Practitioners
Private hospitals in Nigeria are facing tough times, struggling to stay open as economic conditions worsen. The Association of Nigerian Private Medical Practitioners (ANPMP) recently shared the reality that many private hospitals are barely surviving, with patient numbers dropping while costs skyrocket. Dr. Odia Festus Ihongbe, the chairman of ANPMP, revealed a startling trend: while […]
Will Governance Change After Prayers, Nigerians Ask Federal Government
Recently, Nigeria held a national prayer event led by the First Lady, Oluremi Tinubu, and National Security Adviser, Malam Nuhu Ribadu, to seek divine intervention for the country’s ongoing economic struggles. The prayer gathering, which took place at the National Mosque and the National Ecumenical Centre, aimed to unite citizens in the hope that prayer […]
Peter Obi: Power Outages and High Fuel Costs Driving Increased Poverty
Peter Obi, the Labour Party’s presidential candidate from the 2023 elections, has raised serious concerns about the worsening poverty levels in Nigeria, attributing them to ongoing power outages and the increasing costs of petroleum products. In a recent post on social media platform X (formerly Twitter), Obi emphasized that these issues are significantly impacting small […]
Shettima Defends Government Policies, Acknowledging the Struggles of the Poor
In a heartfelt address at the 30th anniversary of the Nigerian Economic Summit held in Abuja, Vice President Kashim Shettima spoke candidly about the economic hardships that many Nigerians, especially the poor, are currently enduring. His remarks came at a time when the government is facing criticism for its economic policies, which many citizens find […]
Nigerian Government’s New Tax Plan: What It Means for Citizens Amid Economic Challenges
The Nigerian government has announced plans to introduce a new set of tax measures despite the economic hardship many citizens are already experiencing. These measures are part of the Economic Stabilisation Bills recently approved by the Federal Executive Council, designed to help stabilize the country’s finances and promote long-term growth. However, many Nigerians worry about […]
Naira Ranks Among World’s Worst Performing Currencies
Recent reports have highlighted a troubling trend for the Nigerian naira, which has been listed among the ten worst performing currencies in the world, according to Bloomberg. This ranking reflects broader economic challenges faced not only by Nigeria but also by several other African nations. In the global economy, currency performance is often a reflection […]
Gombe State Governor: I cannot pay N70, 000 minimum wage
Governor Inuwa Yahaya of Gombe State has declared that his administration is unable to pay the newly announced national minimum wage of N70,000. This statement was made during a meeting held on July 30, 2024, at the Government House in Gombe. The meeting included labor leaders, civil society organizations, and traders’ associations, and was convened […]
Aviation Minister Festus Keyamo has halted NAMA’s planned 800% increase in airline navigation charges.
The Minister of Aviation and Aerospace Development, Festus Keyamo, has ordered the Nigerian Airspace Management Agency (NAMA) to stop its planned 800% hike in navigation charges for airlines. This decision was shared by Abdullahi Musa, NAMA’s spokesperson, on Monday. NAMA had announced on Friday that it would raise its navigation charges by 800%, causing concern […]
President Tinubu on Poverty and Challenges in Nigeria
According to a statement by his Special Adviser on Media and Publicity Ajuri Ngelale, the President said this in Lagos on Monday, June 17, when he received a delegation from the National Assembly who came to felicitate with him on the occasion of Eid-el-Kabir. As per a statement from his Special Adviser on Media and […]