FCT Civil Servants Lament Continued Delay in Minimum Wage Implementation As Nigerians' economic situation continues to deteriorate, federal civil servants in the FCT have decried the prolonged delay in implementing the new minimum wage of N70,000. The News Agency of Nigeria (NAN) reports that the living...

According to the Nigerian Economic Summit Group (NESG), the implementation of fuel subsidy removal and exchange rate reforms – which were carried out in quick succession by President Bola Tinubu’s administration – has had “unintended adverse effects, exacerbating existing structural issues”.  

Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria (CBN), has spoken against the effectiveness of Nigeria’s recent economic reforms, highlighting flaws in their execution.  

Tinubu's Fuel Subsidy Removal: A Year Of Economy Woe By Erasmus Ikhide IN the massive ruins of the nation's economy, it will be self-abnegation not to acknowledge the fact that the rejection of N62,000 or N100,000 minimum wage by the organized labour unions is direct a...

FG Denies Budgeting N5.4 trillion for fuel subsidy in 2024 The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has debunked reports that the federal government made a N5.4 trillion provision for fuel subsidy for 2024. This is contained in a statement by...

IMF to FG: Remove Implicit Fuel, Electricity Subsidies The International Monetary Fund has warned the Nigerian government to remove what it called implicit fuel and electricity subsidies. In a report published recently by the IMF, the organisation told Nigeria that the subsidies would guzzle three per...