Tag: Economic hardship

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

Aminu Imam
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 Nigerias 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 Venezuelas. The senators remarks reflect his criticism of external economic policies and domestic political mismanagement, which he believes have combined to worsen the countrys economic challenges. Ndume emphasised the need for a more self-reliant and locally driven approach to economic reforms, urging leaders…

Read More

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

Aminu Imam
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 countrys economic performance, attributed this sharp increase to the declining purchasing power in the country caused by escalating inflation, subsidy removal, and Naira devaluation. MANs 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…

Read More

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

Aminu Imam
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 Nigerias 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 events theme is: Seeking the Intervention of God in Nigerias Affairs”. According to him, By the end of this prayer session, we believe…

Read More

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 childrens nutrition. Protein-rich…

Read More

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…

Read More

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

Aminu Imam
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 Tinubus policies, such as the removal of fuel subsidy. Recently, Nigerias State-owned oil company, NNPC Ltd, increased petrol prices by over 15%, marking the second hike…

Read More

Hardship: “Pray for leaders” – Sultan of Sokoto urges Nigerians

Aminu Imam
Sultan of Sokoto

Sultan of Sokoto, His Eminence, Alhaji Saad Abubakar III, has appealed to Nigerians to always pray for their leaders even in bad situations. The Sultan made the appeal at the University of Ilorin on Thursday, while speaking during a public lecture and book presentations in honour of Professor Ishaq Oloyede. Registrar of the Joint Admission and Matriculation Board (JAMB) Oloyede, formally retired from the services of the University of Ilorin after attaining 70 years of age. The books were titled: Islamics, Scholarship and Service to Society, A Festschrift for Is-haq…

Read More

“Reduce fuel, food prices”, Ndume appeals to Tinubu

Aminu Imam
Ndume appeals

Says Nigerians are suffering Senator Ali Ndume (APC, Borno-South) has urged President Bola Tinubu to alleviate the suffering of Nigerians by intervening in the escalating costs of food and energy. Ndume raised concerns about fifth columnists collaborating with saboteurs who are working to undermine the legacy the Tinubu administration aims to build for the nation. In a statement issued in Abuja yesterday, the former Senator highlighted the staggering rise in fuel, food, and essential goods prices, which he says has made life increasingly unbearable for ordinary Nigerians, especially the poor…

Read More

“Transport fares becoming unaffordable”, FCT residents cry out

Aminu Imam
FCT residents on transport

Many residents of the Federal Capital Territory (FCT) have decried increased transport fares, which have limited their movement around the city centre. Some of the residents who spoke to newsmen, said that one of the greatest challenges they encountered was the non-availability of fuel despite its increased cost. According to them, fuel is not readily available at many filling stations, leading to artificial scarcity and panic, thus increasing the cost of transportation. They reiterated their appeal to the Federal Government and other authorities to urgently intervene, sayibg Nigerians were suffering…

Read More

“Poverty, unemployment, breeding grounds for violence, extremism” AbdulSalami

Aminu Imam
Abdulsalami Abubakar

Former Head of State, Gen. AbdulSalami Abubakar (rtd) has said poverty and unemployment are breeding grounds for violence and extremism. AbdulSalami stated this yesterday during the celebration of the ‘International Day of Peace 2024’, which held at the Lecture Hall of the AbdulSalami Abubakar Institute for Peace and Sustainability Development Studies, Minna, Niger State. According to him, Peace is the bedrock of any nations progress. Without peace, development is stifled, opportunities are lost, and society stagnates. The former Nigerian leader further said, Today, Nigeria faces numerous challenges that threaten the…

Read More