LAGOS JULY 16TH (NEWSRNAGERS)=Two prominent finance and economic experts, Dr Paul Alaje and Mr Ugo Onuoha, have formed a consensus that the present comatose state of Nigeria’s economy and the harrowing living conditions of the overwhelming majority of the populace have their roots in wrong-headed economic policies introduced at the inception of the Tinubu Administration….
LAGOS DECEMBER 30TH (NEWSRANGERS)-The World Bank has fully disbursed a $1.5bn loan to Nigeria following the Federal Government’s implementation of key reforms, including removing fuel subsidies and introducing comprehensive tax policies, The PUNCH reports. The loan, part of the Reforms for Economic Stabilisation to Enable Transformation Development Policy Financing initiative, is among the fastest disbursements…
LAGOS FEBRUARY 27TH (NEWSRANGERS)-Nigeria is currently experiencing its worst economic crisis in a generation, leading to widespread hardship and anger. The trade union umbrella group, the Nigeria Labour Congress (NLC), has organised nationwide protests on Tuesday, calling for more action from the government. A litre of petrol costs more than three times what it did…
LAGOS AUGUST 5TH (NEWSRANGERS)-Nigerians have become more innovative following the removal of fuel subsidy by President Bola Tinubu on May 29. Tinubu’s sudden decision to stop the oil subsidy regime brought about a sharp rise in the price of petrol. From an average of N200, petrol now sells at a price above N600 per little….
LAGOS AUGUST 4TH (NEWSRANGERS)-Nigeria is turning to gas as an alternative fuel after it scrapped a popular but costly subsidy on petrol that has seen pump prices rise sharply, angering motorists and businesses that use petrol to generate their own power. State-oil firm NNPC said late on Thursday it has partnered with NIPCO Gas to…
LAGOS AUGUST 1ST (NEWSRANGERS)-The Catholic Bishops Conference of Nigeria, CBCN, yesterday raised the alarm that the removal of fuel subsidy without cushioning the effects has put the country on the brink of collapse. The bishops’ alarm came as Nigeria Employers Consultative Association, NECA, pleaded with the Federal Government to urgently address the pains of the…
LAGOS JULY 14TH (NEWSRANGERS)-The Leader Of INRI Evangelical Spiritual Church, Primate Elijah Ayodele has kicked against the proposed N8,000 palliatives to 12 Million households to cushion the effect of subsidy removal. In a statement signed by his media aide, Osho Oluwatosin, Primate Ayodele noted that the N8,000 palliatives will only lead to corruption and will…
LAGOS JULY 6TH (NEWSRANGERS)-Governor of Taraba State Agbu Kefas has slashed the student fees of the state university by 50 percent to cushion the effects of subsidy removal. Kefas gave the directive when he paid an unscheduled visit to the state university to assess the state of the institution. According to the governor, it became…