Hardship
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The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has commended the management of Dangote Refinery for crashing the price of its petrol to N899.50K per litre. In a statement on Thursday, PETROAN spokesman, Joseph Obele, described the move as a significant relief for motorists and Nigerians at large. “This price reduction, a decrease…
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As Nigeria grapples with worsening economic conditions, citizens are increasingly raising alarms about the impact on their mental well-being, with anxiety, depression, and even suicidal thoughts on the rise across the nation. Amid skyrocketing costs of food, transportation, and healthcare, the economic crisis has severely reduced purchasing power, leaving millions struggling to meet daily necessities…
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The Nigerian government plans to impose a 5 percent tax on telecommunication, gaming and betting services in the country amid economic hardship. This was contained in the Economic Stabilisation Bills recently sent to the National Assembly by the Federal Government. Analysis of the bill indicated that it seeks to introduce excise duties on services such…
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Millions of Britons could receive extra cash to help with the cost of living this winter after the UK government extended the Household Support Fund. A £421m pot will be given to local councils in England to distribute, while £79m will go to the devolved administrations. The fund will now be available until April 2025…
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The Osun Masterminds, TOM, has called on President Bola Tinubu to listen to Nigerians and end the hardship that citizens face daily. This call is coming amid the spiralling prices of Premium Motor Spirit, PMS, across Nigerian states. Making this call during the August State of the State address in Osogbo on Saturday, TOM Executive…
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Vice President Kashim Shettima has stated that Nigeria’s economy is going through turbulence. He, however, said the situation was not limited to the country alone, urging citizens to rally round President Bola Tinubu. The Vice President said this at a one-day town hall meeting organised by the Presidential Enabling Business Environment Council, PEBEC, in Abuja…
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The Minister of Agriculture and Food Security, Senator Abubakar Kyari, says the Ministry will this week commence the distribution of 42,000 metric tons of grains across the 36 states of the federation, as approved by President Bola Tinubu. Kyari said the Ministry is working with the National Emergency Management Agency, NEMA, and the Department of…
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Nigeria’s unemployment rate surged to 5.0 per cent in the third quarter of 2023 from 4.2 per cent in the previous quarter, the latest Labour Force Survey revealed on Monday. The labour force participation rate measures the share of a country’s working-age population that is in the labour force. The working age population refers to…
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Senate President Godswill Akpabio says some of the street protests against the rising cost of living in the country are sponsored. There have been pockets of protests in different parts of the country, with the latest on Monday in Ibadan, capital city of Oyo state. Residents had also taken to the streets of Niger, Kano…
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