Found 68 results for “cost”
Former Vice-President Atiku Abubakar has unveiled his plan to reinstate fuel subsidies aimed at supporting local refining and reducing petrol prices, offering a fresh approach to Nigeria's cost-of-living crisis. He emphasizes the need for a 'production subsidy' to benefit domestic refineries and ultimately lower transportation and energy costs for consumers.
The Ogun State government has clarified that an applicant for a 4.646-hectare land parcel failed to meet the payment deadline, losing the opportunity to acquire the property. The land, assessed at over N334 million, was intended for development along a major expressway.
In a landmark move, the Nigerian Communications Commission (NCC) has launched a zero-rated education scheme aimed at providing five million students with unrestricted access to educational resources. The initiative allows beneficiaries to access approved educational websites and digital libraries without any data charges, promoting inclusivity in learning.
As Nigeria's government celebrates a re-basing of its Gross Domestic Product to N372.8 trillion, experts warn that the figures do not translate to tangible benefits for citizens. The Minister of State for Industry highlights the urgent need for stronger industrial capacity to match the statistical growth.
As international crude oil prices surpass $100 per barrel, Nigerian marketers are preparing for price hikes on petroleum products, sparking calls for government intervention to cushion the impact on consumers. Experts warn of rising costs in diesel, transport, and freight services, amid concerns about the broader economic implications.
In a strategic move to foster development, Katsina State has proposed a budget of ₦828.6 billion for 2027, with a significant focus on capital expenditure. The budget, termed 'Building Your Future IV', allocates ₦637.91 billion for capital projects and ₦190.73 billion for recurrent expenses.
The naira is currently trading at ₦1,321.37 to the US dollar, while parallel market rates fluctuate between ₦1,385 and ₦1,410. As the Central Bank of Nigeria updates its rates, the disparity highlights ongoing challenges in the forex market.
In a heartfelt tribute, President Bola Ahmed Tinubu praised Wale Oke, the President of the Pentecostal Fellowship of Nigeria (PFN), on his milestone 70th birthday, highlighting his unwavering commitment to the Christian faith. Tinubu's commendation underscores Oke's influential role in promoting the gospel and his dedication to religious leadership.
As the economy struggles, the canoe business at Ose-Okwodu market in Onitsha has become a lifeline for many youths, providing an alternative mode of transport that is perceived as safer and more affordable than road travel. Young paddlers assert that their choice to engage in this trade is driven by opportunity rather than desperation.
Jamilu Abubakar, a 30-year-old victim of a recent bandit attack in Sokoto, requires N190,000 for essential MRI and CT scans after sustaining severe injuries. With his father unable to provide for the family due to a disability, Abubakar's plight highlights the urgent need for support in the face of escalating violence in the region.
Apostle Trinity Ogar, Chairman of the Pentecostal Fellowship of Nigeria in Cross River State, calls on residents to consider natural causes for recent disasters rather than spiritual interpretations. His remarks come in response to speculation linking recent floods and landslides to local deities.
With the elimination of an unsustainable subsidy, Nigeria faces the challenge of ensuring that the resulting fiscal space leads to tangible benefits such as reduced transport costs and improved public services. The National Economic Council stands as a vital platform for comprehensive discussion and planning regarding future investments and economic strategies.
Experts argue that reintroducing fuel subsidies in Nigeria would exacerbate existing economic challenges rather than alleviate them. The call for sustainable economic reform emphasizes the importance of domestic refining and reducing fiscal burdens.
In a bid to enhance transparency in public finances, Nigeria's finance ministry has unveiled new accounting measures regarding fuel subsidies. However, these efforts have been met with criticism as discrepancies in financial records continue to persist.
By Chioma Obinna Amid rising costs of pharmaceutical raw materials and growing pressure on the drug industry, Greenlife Pharmaceuticals Limited has unveiled a new strategy to strengthen partnerships a
