LAGS OCTOBER 16TH (NEWSRANGERS)-The World Bank Group has urged the Nigerian government to redirect its oil wealth to benefit all citizens, not just the elite. Addressing the current economic challenges, Indermit Gill, the Chief Economist and Vice President of the World Bank stated that the suffering is widespread in Nigeria, with children and young people…
LAGS OCTOBER 12TH (NEWSRANGERS)-The Trade Union Congress (TUC) has urged the Federal Government to reverse the petrol pump price to what it was in June 2023, aiming to alleviate the suffering of Nigerians. TUC President, Comrade Festus Osifo, made this call in Abuja on Thursday during a press conference. He emphasized the need for the…
LAGOS AUGUST 25TH (NEWSRANGERS)-The Crude Oil Refiners Association of Nigeria has appealed to the Nigerian National Petroleum Company and the federal government to sell the Port Harcourt, Warri and Kaduna refineries. CORAN Publicity Secretary, Eche Idoko made this call in a recent statement. According to him, the $1.5 billion spent on the rehabilitation of Port…
LAGOS AUGUST 8TH (NEWSRANGERS)-The federal government has withdrawn the sale of subsidised 50 kilogramme bags of rice for N40,000 to public servants. No reason was given for the sudden change of action. The sale of the subsidised rice was announced on August 1 2024 through the Ministry of Special Duties and Inter-Governmental Affairs Human Resources…
LAGOS AUGUST 7TH (NEWSRANGERS)-Despite ongoing protests over the rising cost of living, the Nigerian government has ruled out reinstating fuel subsidy. Minister of Finance Wale Edun made the clarification during a recent interview on AIT. Edun said that fuel subsidy is not included in the 2024 national budget and cited economic progress as a reason…
LAGOS JULY 9TH (NEWSRNAGERS)-The House of Representatives has called for the suspension of the implementation of the Samoa Agreement, which was signed by the federal government on June 28. This decision follows the adoption of a motion of urgent public importance sponsored by Sani Madaki, the minority whip, and 87 other lawmakers. During the motion’s…
LAGOS JUNE 7TH (NEWSRANGERS)-The Presidency on Thursday denied reports that the Federal Government was proposing N105,000 as the new minimum wage. The Special Adviser to the President on Information and Strategy, Bayo Onanuga, described the report as false. The report followed the presentation of the cost implications of implementing a new national minimum wage to…
LAGOS JUNE 7TH (NEWSRANGERS)-The Presidency has disowned the two leaked policies in circulation insinuating that the Federal Government may have returned to the payment of fuel subsidy and be considering fiscal measures to battle food inflation in the country. In a release signed by Bayo Onanuga, Special Adviser to the President on Information and Strategy,…