The recent increased in the Naira’s value against the US Dollar, spurred by policy adjustments from the Central Bank of Nigeria, has not led to a significant change in the prices of essential goods and services. But it is worrisome that while the Naira recovers, with the dollar selling at N900 in the parallel and…
Nigeria’s Electricity Regulatory Commission (NERC) recently approved a huge increase in tariffs for consumers enjoying 20 hours of power supply daily, from N68 per kilowatt hour to N225kWh. The move, aimed to reduce the $2.6 billion worth of subsidies for the sector, has raised questions about the reliability of power supply and the accuracy of…
There is noticeable absent of rent control or regulations in Federal Capital Territory (FCT), Abuja, Nigeria’s nation’s capital. Findings by our Reporter show that governments’ attitude towards affordable housing for citizens and residents of the FCT has been half-hearted if anything at all. Consequently, a huge gap is created and this leaves the rent seeking…
Ten Years After Chibok Girls Abduction: Life is Meaningless, Lament Parents Amid Dimmed Hope How time flies. It has been ten years since over 250 girls abducted from the Government Secondary, Chibok. It took a lot of proofs for many, even the government at the time to be convinced about the incident. Some of the…
The dawn breaks over the bustling city of Gwarinpa, Abuja. Nine-year-old Aliyu (not real name) eagerly prepares for another day at the mechanic site. Amidst the towering high-rises and ceaseless traffic, Aliyu forges his path, driven by the hope of creating a better future for himself and his family. However, his story sheds light on…
The Nigerian manufacturing sector is facing existential crisis. Between 2015 and 2024, the sector has lost countless numbers of factories to high cost of production. Our investigations revealed that more than 200 factories, across the country have been closed down because they could no longer cope with the rising cost of production in recent times….
Apparently, the hike in electricity tariffs announced by the Federal government was the dominant issue in nearly all forum of discussion among Nigerians and even those in the Diaspora. However, knocks, anger have followed the Nigerian Electricity Distribution Company’s (NERC) electricity tariff hike for Band A users, consumers who enjoy at least 20 hours of…
Food inflation or Headline inflation as the Nigerian Bureau of Statistics NBS, would tag the rising prices of goods and services in the country, coupled with the weakening value of the naira, the price of cooking is constituting a major worry to Nigerians across the federation. Tracing the factors responsible for the jump in the…
Recently, Governor Alex Otti of Abia State abolished the pension benefits of former governors in the state, having signed into law a bill to that effect. This decision has sent rippling reactions through Nigeria’s political landscape. While some applaud it, others say it is a witch-hunt. For instance, former President Olusegun Obasanjo was remarkably the…
Worried by the continuous free fall in the value of the Naira-Nigeria’s currency, President Bola Tinubu last week enjoined Nigerians to Buy–made–in–Nigeriaa goods. In his understanding, this would strengthen the naira. Countless measures, including what the Central Bank of Nigeria (CBN) called floatation have been introduced to shore up the value of the naira against…
