Tag: Economic hardship

“Hunger, economic hardship killing Nigerians” – NANS tells Tinubu 

Aminu Imam
NANS tells Tinubu

The National Association of Nigerian Students (NANS) has called on President Bola Tinubu to urgently address hunger and economic hardship in Nigeria, saying citizens are dying. According to NANS, which made the call yesterday, in a statement signed by the Clerk of its Senate, AbdulYekin Odunayo, said Nigerians have been subjected to unwarranted impoverishment and hunger since President Tinubu assumed office, urging him to espouse a policy capable of revamping the nation’s economy. Odunayo noted that fuel subsidy removal and floating of the country’s currency done simultaneously by the Tinubu-led…

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Kerosene prices skyrocket, straining household budgets

Aminu Imam
Kerosene prices

The latest report from the National Bureau of Statistics (NBS) highlights a significant increase in the price of kerosene, placing additional strain on household budgets. The report, part of the NBS’ Price Watch series, shows that the price of kerosene has risen both month-on-month and year-on-year. Residents in the North-Central region are paying the highest average retail prices, with Abuja, Kaduna, and Akwa Ibom States topping the list. In October 2024, the average retail price of Household Kerosene (HHK) reached ?1,957.44 per litre, marking a 3.07% increase from the ?1,897.12…

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“Reduce suffering in Nigeria” – South-West Muslims urge Tinubu 

Aminu Imam
South West Muslims

Muslims in the South-West, under the aegis of Muslim Ummah of South-West Nigeria, (MUSWEN), have advised President Bola Tinubu to put in more efforts to reduce suffering in the country. MUSWEN President and Deputy President-General of Nigerian Supreme Council for Islamic Affairs (NSCIA), Rasaki Oladejo, made the call at the 9th MUSWEN General Assembly, yesterday. The event was witnessed by the Sultan of Sokoto, His Eminence, Muhammad Sa’ad Abubakar III, Oyo State Deputy governor, Barr. AbdulRaheem Adebayo Lawal, Executive Secretary of MUSWEN, Professor Muslih Tayo Yahya and Director of Muslim…

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91-year-old Ondo voter begs President Tinubu to tackle hunger

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91yr old voter

A 91-year-old man, Pa Adesanoye Eghaegbemi has appealed to President Bola Tinubu to assist the masses by taking steps to tackle hunger in the country. Eghaegbemi made the appeal yesterday, shortly after casting his vote at the Unit 5, Ward 6, Ikoya Igbinsin-Oloto, in Okitipupa local government area of Ondo State. The nonagenarian said that the present economic hardship was affecting the elderly, and appealed to the Government to institute measures to cushion the effects of hunger, adding that he came out to exercise his franchise in order to enjoy…

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“Politicians, IMF, World Bank driving Nigerians towards Venezuela” – Ali Ndume

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Ndume on hardship

Senator representing Borno-South, Ali Ndume, has accused politicians, the International Monetary Fund (IMF), and the World Bank of contributing significantly to Nigeria’s economic woes. Speaking during an interview on a television programme  yesterday, Ndume warned that their actions are pushing the country toward a crisis similar to Venezuela’s. The senator’s remarks reflect his criticism of external economic policies and domestic political mismanagement, which he believes have combined to worsen the country’s economic challenges. Ndume emphasised the need for a more self-reliant and locally driven approach to economic reforms, urging leaders…

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Naira devaluation, subsidy removal, weak purchasing power pushes unsold goods to N1.24tr – MAN

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MAN on unsold goods

The Manufacturers Association of Nigeria, (MAN), has stated its unsold manufactured goods have reached a record N1.24trillion, as its unsold inventories increased by 357.57% in the first half of 2024. MAN, which disclosed this in its latest report on the country’s economic performance, attributed this sharp increase to the declining purchasing power in the country caused by escalating inflation, subsidy removal, and Naira devaluation. MAN’s President, Francis Meshioye, explained, “The inventory of unsold finished products in the manufacturing sector surged by 357.57% year-on-year, reaching N1.24trn in H1 2024. According to…

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Hardship: First Lady, NSA Ribadu to lead national prayer for Nigeria

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First Lady, Ribadu on national prayer

First Lady Senator Oluremi Tinubu and National Security Adviser (NSA) Nuhu Ribadu are to lead a national prayer session in response to the numerous challenges Nigeria currently face. The event, organised in collaboration with Christian and Muslim leaders, seeks divine intervention for Nigeria’s healing process. Director-General of the National Prayer Forum, Chief Segun Balogun Afolorunikan, who announced the initiative during a press briefing in Abuja, said the event’s theme is: “Seeking the Intervention of God in Nigeria’s Affairs”. According to him, “By the end of this prayer session, we believe…

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Hardship: Nigerian children face malnutrition, as food costs skyrocket

Aminu Imam
Hardship on children

Soaring food prices in Nigeria are forcing families to make difficult decisions, with severe consequences for nutrition and health. As food inflation reached a staggering 37.77% in September 2024, up from 30.64% the previous year, staple protein sources have become luxuries for many households. Items like a crate of eggs now cost around N6,000, while a kilogram of fish is N5,500 and beef ranges between N6,500 and N7,000. This makes providing balanced meals an uphill struggle for millions of Nigerian families. The impact is especially severe on children’s nutrition. Protein-rich…

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10, 000 Oil Marketers to close businesses, as petrol cost rises

Aminu Imam
Oil Marketers appeal

…Writes Tinubu for intervention Oil marketers have written to President Tinubu, requesting a grant of N100 billion to assist in preventing the closure of impacted 10,000 marketers’ businesses in the coming weeks. National Public Relations Officer for the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN),  Dr. Joseph Obele, who disclosed this to newsmen yesterday, stated that the price of a truck-load of PMS has surged from N7 million to N47 million over the past 16 months. According to him, “Three days ago, there was a meeting at the…

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“Wherever you see free food, help yourself” – Akpabio tells Nigerians

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Akpabio laughing 750x375

Senate President, Godswill Akpabio has advised Nigerians to help themselves wherever they see free food. He made the remark in a recent video of him presiding over a plenary session in the Red Chamber. In the video, the Nigerian leader is seen laughing with his colleagues following the remark. The advice comes amidst harsh economic realities faced by Nigerians, largely due to President Bola Tinubu’s policies, such as the removal of fuel subsidy. Recently, Nigeria’s State-owned oil company, NNPC Ltd, increased petrol prices by over 15%, marking the second hike…

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