Tag: Economic hardship

Marketers worsen economic hardship over fuel, gas prices hike

Aminu Imam

Nigeria’s downstream petroleum sector is currently under siege from powerful oil cartels taking advantage of a temporary disruption in the supply of petrol and Liquefied Petroleum Gas (cooking gas) to the Nigerian market to inflate prices, findings have revealed. Many marketers, including filling stations and tank farm owners, checks revealed, have created artificial scarcity in an attempt to make huge profit from the limited products supplied into the market by Ɗangote Refinery, which has been battling to repair some faulty parts of the plant that have prevented it from attaining…

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‘139m Nigerians now in poverty despite reform gains” – World Bank

Aminu Imam
W'Bank on 9ja poverty

The World Bank has expressed concern that despite Nigeria’s recent economic stabilisation efforts, about 139 million citizens are now living in poverty, warning that the country risks losing reform gains if they fail to translate into tangible improvements in people’s welfare. The World Bank Country Director for Nigeria, Mathew Verghis, disclosed this yesterday in Abuja, at the launch of the October 2025 Nigeria Development Update titled: “From Policy to People: Bringing the Reform Gains Home”. The Nigeria Development Update is the bank’s biannual flagship report that reviews economic trends, policy…

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Hardship: “We are seeing light after the tunnel”-Tinubu tells Nigerians

Aminu Imam
Screenshot 20250927 064239

President Bola Tinubu has declared that the nation’s economy had turned the corner for good, following the success of the economic reforms introduced by his administration over two years ago, adding that Nigeria’s economic suffering is now a thing of the past. The President stated this yesterday at the Mapo Hall, Ibadan, Oyo State capital, during the historic coronation of His Imperial Majesty, Oba Adewolu Ladoja, the 44th Olubadan of Ibadanland. The President’s address was a blend of felicitations for the new monarch and a hopeful message for the Nigerian…

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UN lists Nigeria as ‘hunger hotspot’

Aminu Imam
UN lists Nigeria

…Warns acute food insecurity will worsen in North The United Nations (UN) yesterday reported that extreme hunger is intensifying in 13 global hot spots, with Gaza, Sudan, South Sudan, Haiti, and Mali at immediate risk of famine without humanitarian intervention. The “Hunger Hotspots” report by the UN Food and Agriculture Organisation (FAO) and World Food Programme (WFP) blamed conflict, economic shocks, and climate-related hazards for conditions in the worst-hit areas. The report cited insecurity in northern Nigeria, which it said “is expected to deteriorate, with escalating violence driving further civilian…

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“Cut fuel power costs now; ease hardship and tackle corruption” – PDP to Tinubu

Aminu Imam
Screenshot

The Peoples Democratic Party, (PDP), has decried the growing hardship and level of poverty in the country. National Publicity Secretary of the party, Debo Ologunagba, in an issued statement  on Friday, said that now is the time for President Bola Tinubu to review all the policies negatively affecting the people. According to Ologunagba, it is important for the Tinubu-led administration to as a matter of urgency reduce the cost of living by reducing electricity tariffs, the price of fuel and other charges and services affecting the Nigerian populace.  Also celebrating…

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“Your policies lack human face” – UN, ILO, others tell Tinubu

Aminu Imam
UN, others tell Tinubu

…Urges FG to address 60% poverty rate The United Nations (UN) Country Representative to Nigeria, Mohammed Fall, has faulted the economic policies of the Tinubu administration for their alleged lack of a human face. Fall, who stated this at the Global Coalition for Social Justice conference in honour of the visiting Director-General of the International Labour Organisation (ILO), Gilbert Houngbo, said irrespective of the praise singing of Government agencies, some of the economic policies of the Tinubu administration lack human face, and require urgent steps to address the country’s 60%…

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Nigerians to pay more for goods, as FG increases ports tariff by 15%

Aminu Imam
FG increases ports tariff

The Federal Government, through the Nigerian Ports Authority (NPA), has announced a 15% upward review of its port charges, citing the need for competitiveness and infrastructural development. Its Managing Director, Dr. Abubakar Ɗantsoho, made this disclosure during a maritime stakeholders’ meeting held in Lagos on Thursday. According to him, this adjustment, the first in 32 years, aims to address significant infrastructure deficits and improve port competitiveness. He said the increased revenue will be used for modernising port facilities, acquiring new equipment, and enhancing ICT systems. The NPA boss highlighted that…

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Catholic Bishops lament Nigeria’s worsening poverty

Aminu Imam
Catholic Bishops lament

The Catholic Bishops of the Lagos, Ecclesiastical province, have called on the federal government to transition from short-term palliative measures to sustainable empowerment strategies aimed at improving the quality of life for Nigerians. In a communiqué issued at the end of their first plenary meeting for 2025, the Bishops expressed deep concern over the state of the nation. Highlighting the need to address the underlying structures that perpetuate poverty and inequality in the country, the Bishops emphasised the importance of implementing long-term solutions to enable financial independence and restore dignity…

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“Address high cost of governance at the expense of masses” – Christian leaders beg FG

Aminu Imam
Christian leaders beg FG

The Fellowship of Churches of Christ in Nigeria (TEKAN), has decried the high cost of governance in Nigeria despite the hardship the citizens are currently facing. TEKAN is made up of 15 denominational churches established about 69 years ago with traceable evangelical ancestry, theological affinity and Christian belief. In a communiqué issued at the end of its 69th general assembly held at the headquarters of the Evangelical Reformed Church of Christ in Nigeria (ERCC) in Akwanga, Nasarawa State yesterday, the body said it was wrong for elected officials to live…

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Ndume mocks poverty in South, circulates video of queues at Tinubu’s Lagos residence

Aminu Imam
Ndume mocks

The lawmaker representing Borno-South in the 10th Senate, Ali Ndume, has shared a video of long queues of Nigerians waiting for palliatives at President Bola Tinubu’s Lagos residence on Christmas Eve. The lawmaker posted the video on his X account on Wednesday, December 25, wrote: “Queues for presidential handouts at Bourdillon on Christmas Eve highlight a sobering reality. Poverty is a universal challenge that demands collective action and sustainable solutions”. The senator’s comment comes on the heels of three deadly stampedes during palliative distributions in Oyo, Anambra, and the Federal…

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