Category: Economy
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Air Chief Urges Officers to Embrace Financial Accountability
The Chief of the Air Staff, Air Marshal Hasan Abubakar, has called on Nigerian Air Force (NAF) personnel to internalize the principles of accountability in all financial dealings. He emphasized that responsible management of resources is crucial for maintaining the Air Force’s operational readiness and ensuring that all directives are executed without financial hindrances. Abubakar…
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Sokoto State to Submit N119 Billion Supplementary Budget to Assembly
The Sokoto State Executive Council has approved a supplementary budget of N119 billion, which will be submitted to the state House of Assembly. This budget, announced on Wednesday, includes significant allocations for infrastructure and economic development. Balarabe Kadadi, the Commissioner of Budget and Economic Planning, explained that the budget incorporates funds from various sources, including…
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Kwara stakeholders urges review of FG’s economic policies
Stephen Olufemi Oni, Ilorin. Stakeholders in Kwara state have called on the Federal Government to review its economic policies considering the economic hardship which Nigerians are presently going through. The stakeholders, comprising members of trade organisations, religious organisations, farmers’ groups, people living with disabilities, security agencies, and traditional institutions, among others, converged on Ilorin at…
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Nigerians Struggle to Access N40,000
Nigerians in the Federal Capital Territory (FCT) are struggling to locate sales points for the N40,000 subsidized rice officially launched by the federal government last week. The launch, which took place on Sept. 5, saw the Minister of Agriculture and Food Security, Senator Abubakar Kyari, flag off the sale of 30,000 metric tonnes of milled…
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Nigerians at Breaking Point as Petrol Price Hike Draws Warnings from NLC, Atiku
vLAGOS, Sept. 9, 2024—The recent hike in petrol prices by the federal government has pushed many Nigerians to their breaking point, prompting warnings from the Nigeria Labour Congress (NLC) and former Vice President Atiku Abubakar over the weekend. Human rights lawyer, Mr. Femi Falana, SAN, also called on the government to complete the rehabilitation of…
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NBA Demands Immediate Reversal of Fuel Price Increase, Cites Rising Poverty and Hardship
The Nigerian Bar Association (NBA) has strongly condemned the recent hike in fuel prices and demanded its immediate reversal. In a statement issued by its President, Mazi Afam Osigwe, the NBA expressed deep concern over the sharp increase in the pump price of fuel, which has escalated from 617 Naira to approximately 900 Naira per…
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Fuel hike: Commercial transporters stop operation in Kwara
Stephen Olufemi Oni, Ilorin Commercial transporters in Ilorin, the Kwara state capital, have stopped operations to protest the high cost of petrol for their business. Okada riders, Keke Napep and other intra city commercial transporters, were forced to stay off the road by their aggrieved members who complained bitterly about the high cost of fuel.…
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Soaring Prices: FCCPC Withdraws from Price Controls, Focuses on Fair Competition
By Milcah Tanimu In a recent development concerning market dynamics, the Federal Competition and Consumer Protection Commission (FCCPC) has decided against implementing direct price controls on commodities. This decision comes in response to controversies surrounding its initial threat to intervene in the market due to rising prices. Last week, FCCPC Executive Vice Chairman, Mr. Tunji…
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Politics Hindering ECOWAS Single Currency Initiative, Says MP
Political hurdles have been identified as the main obstacle to the implementation of the Economic Community of West African States (ECOWAS) single currency initiative, according to Senator Edwin Melvin Snowe Junior. The initiative, aimed at creating a unified currency known as the ECO for the 15 ECOWAS member states, was first proposed in the late…
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Rights Group Urges DG DSS to investigate Mele Kyari, Other Oil Sector Players Over Fuel Queue
A rights group, Centre for Human Rights in Africa, has written to the new Director-General of the Department of State Services (DSS), Adeola Ajayi, calling for an investigation into the activities of Mele Kyari, Group Managing Director of the Nigerian National Petroleum Company Limited (NNPC), and other top officials in the oil sector. In the…