Untamed inflation: Nigerian workers eye 50% wage increase
Nigerian workers are calling for a 50% wage increase to help cope with the country’s high inflation. This demand was made by a senior official of the Nigeria Labour Congress (NLC) in an interview with DAILY POST. Although the minimum wage was raised in July 2024, workers say that the increase has been wiped out […]
Nigerian govt announces period for next minimum wage increase
The Nigerian government has announced a major policy change regarding the review of the country’s minimum wage. Moving forward, the minimum wage will be reviewed every two years instead of the previous five-year interval. This adjustment is part of the government’s effort to address economic realities and provide better support for workers. The Minister of […]
Rufai Oseni Faults Tinubu’s Media Chat
Rufai Oseni, a well-known Nigerian on-air personality, has criticized President Bola Tinubu’s recent media chat, expressing disappointment in the President’s understanding of the issues affecting Nigeria. Speaking on The Morning Show, Oseni said he was concerned after watching the chat, noting that Tinubu seems to lack a complete understanding of the country’s challenges. Oseni pointed […]
We Won’t Control Prices To Reduce Food Costs – Tinubu
In a recent presidential media chat, President Bola Ahmed Tinubu made it clear that he does not support implementing price controls as a strategy to reduce high food prices. His comments have sparked discussions about how best to address the rising cost of food in the country, which has been a significant concern for many […]
Tinubu’s team uncoordinated, suffering economic illiteracy – Ex-presidential candidate, Adebayo
Prince Adewole Adebayo, former presidential candidate of the Social Democratic Party (SDP), has strongly criticized President Bola Tinubu’s economic team, calling it uncoordinated and lacking economic understanding. In a recent interview, Adebayo expressed concerns over the country’s current economic direction and pointed out key mistakes made by the administration. Adebayo took issue with the Finance […]
Abuja, 19 States Face Over 40% Food Inflation Rate As Christmas Nears
As Christmas draws near, Nigerians are feeling the pressure of rising food prices. A recent report from the National Bureau of Statistics (NBS) revealed that in November 2024, Abuja and 19 other states recorded food inflation rates above 40%. This sharp rise in food prices is adding to the financial strain on many families across […]
Davido Wears Nigerian Flag on His Head After Backlash Over Comments on Nigeria’s Economy
Davido, the world-renowned Nigerian singer, recently made headlines when he wore a durag in the colors of the Nigerian flag. This move came after he faced backlash for discussing the country’s struggling economy in a recent interview abroad. In the interview, Davido spoke about the poor state of Nigeria’s economy, including issues like inflation. His […]
Nigeria’s Reforms Struggling to Make Impact, IMF Report Suggests
Nigeria’s ongoing economic reforms are still facing challenges, according to the latest report from the International Monetary Fund (IMF). Nearly 18 months after these reforms began, Nigeria’s growth rate remains below the regional average for Sub-Saharan Africa. The IMF’s report highlights that inflation, exchange rates, and debt burdens continue to hold back the country’s economic […]
Fuel Subsidy Removal is a Major Win for Nigeria – Senator Sani
Nigeria is undergoing significant economic changes aimed at improving the country’s financial future. One of the most impactful steps taken by President Bola Tinubu’s administration has been the removal of the fuel subsidy, which had cost the government billions of dollars each year. Senator Sani Musa, who leads the Senate Committee on Finance, believes this […]
Nigerian Workers Facing Greater Financial Hardship – Oshiomhole
Adams Oshiomhole, former president of the Nigeria Labour Congress (NLC) and ex-governor of Edo State, recently spoke about the financial struggles of Nigerian workers. According to him, today’s workers are poorer than those from previous decades, even though wages have increased on paper. During a lecture at the National Institute of Security Studies in Abuja, […]