FG Promises To Deal With Economic Destabilizers
The Federal Government has vowed to go after individuals sabotaging the nation’s economy. The Minister of Information and National Orientation, Mohammed Idris, made this known in a statement he personally signed on Friday. Idris stated that one of the decisions of President Bola Tinubu when he was sworn-in was the removal of petrol subsidy which all the “three major candidates” agreed...
Hardship: Some People Working To Undermine Our Efforts — VP Shettima
The Federal Government has said that some people are working to undermine the efforts of the President Bola Tinubu administration to revamp the Nigerian economy. The Vice President, Sen. Kashim Shettima disclosed this at the Public Wealth Management Conference, in Abuja on Wednesday. Pointed accusing fingers at smugglers and politicians as brains behind the attempt to pull the nation backward. The VP...
Customs Service To Distribute Confiscated Food Items As Hunger Bites Nationwide
The Nigeria Customs Service (NCS) has expressed its readiness to distribute seized food items to Nigerians to help mitigate the current hardship in the land. It said the distribution will be done after all the food items have been certified fit for human consumption. Recall that hundreds of young Nigerians had taken to the streets in some parts of the country...
Rising Food Prices Inherited From Previous Administration But Tinubu Working Hard To Tackle Challenge — Wale Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the President Bola Tinubu government inherited the rising prices of food and general commodities from the previous administration but is doing what it can to bring down the prices of food as well as the soaring inflation rate in the country. The finance minister stated this on...
Have Faith In My Father, Seyi Tinubu Tells Nigerians As Hardship Bites Harder
Seyi, eldest son of President Bola Tinubu, has urged Nigerians to endure the economic hardship being witnessed in the country. Nigerians have been complaining bitterly about the high cost of living, food inflation and hardship in the nation. In a post via Instagram on Monday, the president’s son, who was actively involved in the election campaign, recalled the president’s statement from...
Naira Drops On Parallel Market To N2,000/1£
The local currency in Nigeria (Naira) is currently trading at over 2,000 Naira against the British pound in the parallel market Malam Ibrahim, a Bureau de Change operator in Wuse Zone 4, verified the rates on Monday, February 19. He said: “Yes it is true, we are currently selling above N2,000 for the pounds and it is still about the heavy...
Emefiele Responsible For Economic Rot, Nigerians Should Be Patient — Akpabio
The Senate President, Godswill Akpabio, says the current administration led by President Bola Tinubu met the Nigerian economy in a mess which he claimed was caused by policies carried out by former governor of the Central Bank, Godwin Emefiele. The Senate President spoke during a thanksgiving service by Senator Barinada Mpigi in Koroma, Tai Local Government Area of Rivers State...
Minister Says FG Can’t Continue Payment On Electricity Subsidy
The Minister of Power, Adebayo Adelabu, says Nigeria cannot continue to subsidise electricity, adding that the nation must begin to move towards a cost-effective tariff model, as the country is currently indebted to the tune of N1.3 trillion to generating companies (GenCos) and $1.3 billion owed gas companies Adelabu addressed a press conference in Abuja on Wednesday and said only...
Increasing Hardship: Nigeria Sitting On Keg Of Gunpowder — Sultan of Sokoto
The Sultan of Sokoto and Chairman of the Northern Traditional Rulers Council, Muhammad Sa’ad Abubakar III, has expressed fear that with millions of Nigerian youths left without jobs and food, Nigeria is sitting on a keg of gunpowder. This came two days after the Emir of Kano, Alhaji Aminu Ado Bayero, had decried the ravaging hunger and starvation in the...
Hardship Comment: APC Governors Caution PDP Against Inciting Nigerians Against Govt
The Progressive Governors’ Forum has cautioned their counterparts in the Peoples Democratic Party (PDP) against utterances and actions capable of inciting the masses against the Federal Government. In a statement in Abuja on Tuesday, the Chairman of the Progressive Governors’ Forum and Governor of Imo State, Senator Hope Uzodinma said the economic and security challenges confronting the nation needed a...
