Despite billions of naira spent yearly to cushion hardship, a new World Bank report has revealed that only 44 per cent of total benefits from Nigeria’s social safety-net programmes actually reached the poor. In its latest report titled: “The State of Social Safety Nets in Nigeria” as obtained on Tuesday, the Bank said most of…
President Bola Ahmed Tinubu has described the economic difficulties experienced by Nigerians in recent years as the “pain of a painful surgery,” assuring citizens that recovery and growth are now within reach. He made the remarks during the coronation of the 44th Olubadan of Ibadanland, His Imperial Majesty Oba Rashidi Adewolu Ladoja, at Mapo…
Petroleum and Gas Engineer, Bala Zakka, has criticised the state of the Nigerian economy, insisting that anyone claiming the economy is performing well or not experiencing stunted growth is being dishonest. Zakka made the remarks on Thursday during an interview, where he lamented that all key economic indicators were in decline and that citizens were…
The Nigeria Labour Congress, NLC, has threatened a nationwide mass action over the deepening cost-of-living crisis, escalating insecurity, and coordinated attacks on workers’ rights. It warned that Nigerian workers will no longer sit idly by while the nation’s economy and democracy crumble. Rising from its Central Working Committee (CWC) meeting held over the weekend at…
The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, is set to lead a national prayer session for the restoration of Nigeria’s economy. This comes amid worsening economic hardship in the country. The prayer session will be held during the RCCG’s July 2025 thanksgiving service, themed “Divine Intervention,” at the…
Federal lawmaker from Borno State, Senator Ali Ndume, has said that President Bola Tinubu would have been on the streets protesting had a different government been in power. Ndume stated this in defense of his criticism of the current administration, saying that Tinubu himself had not just criticised but protested on the streets against governments….
A report published by Oxfam ‘Takers Not Makers’, yesterday, revealed that four Nigerian billionaires’ wealth hit $23.7 billion, as over 133 million people face hunger. The report also indicated that the wealth of these four billionaires could easily cover the whole of Lagos city in N500 notes. According to the report, Nigeria’s wealth gap has…
It appears the days children from average homes look up to the Yuletide season as a period they get new clothes, mostly ready-made ones, which distinguish them from the less privileged ones, are gone. Today, the line between the rich, average and even poor homes is out. The present economic condition has levelled levels. Many…
The 36 state governors of Nigeria, under the aegis of the Nigeria Governors’ Forum (NGF), have acknowledged the widespread hunger and hardship faced by Nigerians. The governors made the acknowledgement during an emergency meeting in Abuja on Wednesday. Rising from the meeting, the governors sympathized with Nigerians and expressed support for President Bola Tinubu’s reforms….
The recent economic challenges in Nigeria have led to a notable decline in internet usage, with 64.3 million lines deactivated due to a verification exercise linked to National Identification Numbers. This marks the first drop in data consumption since February 2024, as total data usage fell to 850,249.09 terabytes in September. Major operators like Globacom…