Found 67 results for “cost”
Despite investing over $200 billion in infrastructure since 2000, Nigeria's transportation sector remains a significant hurdle for economic progress, hampering business efficiency across the nation. The current state of transport not only affects daily commutes but also the broader economic ambitions of the country.
The Central Bank of Nigeria has called on citizens to treat the Naira with greater care, emphasizing that proper handling will not only extend the currency's lifespan but also reduce the financial burden associated with replacing damaged notes.
In a bid to enhance trade efficiency and attract investments, the Nigerian government has approved the upgrade of four major ports in the South-South region. This initiative aims to streamline logistics for businesses and bolster employment opportunities across the area.
Former Vice President Atiku Abubakar has pledged to review the national minimum wage from his first day in office, citing its inadequacy in meeting the essential needs of Nigerian workers. His call for a wage increase comes in the wake of escalating petrol prices that have intensified the financial strain on citizens.
A popular food vendor in Osogbo has reportedly disappeared, leaving many residents without their purchased goods and hard-earned money. The vendor, known for selling affordable food items, has sparked outrage and concern among the local community.
The Allied Peoples Movement has demanded the resignation of Edo State Governor Senator Monday Okpebholo, criticizing his comparison of petrol prices in Nigeria and the UK as tone-deaf amid rising fuel costs. The party highlights the significant disparities in income and purchasing power between the two nations, calling for a reconsideration of such comparisons.
England's captain Harry Kane has lauded his team's performance against Spain, stating they showcased some of their best football in years, despite suffering a 3-2 defeat in the Nations League. The match at Wembley highlighted both England's potential and defensive vulnerabilities, marking another chapter in their quest for a major title since 1966.
Former Vice President Atiku Abubakar has called on President Bola Tinubu to clarify the surge in Nigeria's public debt, which has escalated to ₦166.79 trillion despite increased government revenues. He argues that Nigerians deserve transparency regarding the economic reforms that have yet to yield tangible benefits for the populace.
Edo State Governor, Monday Okpebholo, has expressed confidence in President Bola Tinubu’s economic reforms, urging patience from Nigerians as the country navigates challenging transitions. He emphasized the need for perseverance, likening the current economic situation to a plane preparing for takeoff, suggesting that Nigeria will soon reach a 'cruising level' of economic stability.
Ethiopia and Djibouti have recognized the Dangote Group's $660 million Damarjog-Dewele Oil Terminal and Pipeline Project as a pivotal investment that promises to enhance energy security and boost regional trade in the Horn of Africa. This initiative is anticipated to facilitate deeper economic integration between the two nations.
The World Health Organization has unveiled new guidelines to broaden contraceptive options, emphasizing longer-lasting methods and the introduction of mifepristone for emergency contraception. The initiative also includes plans for developing new contraceptive methods for men, marking a significant shift in reproductive health strategies.
President Bola Tinubu attended the signing of Memoranda of Understanding with DP World that promises to inject over $7 billion into Ogun State's economy, alongside the creation of more than 50,000 jobs. This ambitious project aims to enhance Nigeria's maritime infrastructure and boost economic development.
President Bola Ahmed Tinubu has praised the $800 million investment in the Ima Gas project, marking a pivotal moment for Nigeria's underutilized gas resources. This initiative is expected to spur industrial growth, generate employment, and significantly bolster the nation's economy.
Ibiyemi Olatunji-Bello, the former Vice Chancellor of Lagos State University, suggests that public universities in Nigeria might need to implement tuition fees of at least N1 million annually to ensure financial sustainability. She highlights inadequate funding as a major challenge and calls for a reevaluation of current financial structures in higher education.
