Tag: Hardship in Nigeria
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767 Manufacturing Firms Shut Down Due to New Levy in Nigeria
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In 2023, Nigeria saw 767 manufacturing firms shut down, with another 335 in distress, according to the Manufacturers Association of Nigeria (MAN). These closures and distresses are due to the many challenges the sector faces, like high interest rates, foreign exchange issues, and unsold products worth N350 billion. The newly…
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The Situation in Nigeria
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ObserversLook Says Nigeria Is Going Downhill Recent events in Nigeria have highlighted the challenges facing the nation, particularly in terms of economic hardship and food security. The looting of a warehouse belonging to the Federal Capital Territory (FCT) Department of Agriculture in Abuja is just one example of the desperation…
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Urum Eke’s Integrity Stand
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Urum Eke’s recent decision to decline President Bola Tinubu’s appointment to the Central Bank of Nigeria (CBN) Board of Directors sheds light on the significance of ethical considerations in professional endeavors. Despite being nominated for the prestigious position, Eke chose to prioritize his current role as a consultant with the…
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Where’s the 30 Billion Naira Palliative?
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The recent announcement by the Senate President, Godswill Akpabio, regarding the allocation of an additional N30 billion to each state governor to address food scarcity and hardships in Nigeria has raised questions and concerns among citizens. The allocation, intended to ensure the availability of food and mitigate the effects of…
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Situation In Nigeria: The Naira’s Decline and Its Impact on the Average Citizen
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In Nigeria, the exchange rate between the Nigerian Naira (NGN) and the United States Dollar (USD) has become a critical issue, especially with recent government policies such as subsidy removal. This is crucial to understand, especially for the average Nigerian not paid in dollars. The Current Impact of Naira Depreciation…
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APC Already Eyeing Next Term, Despite Ongoing Hardship in Nigeria
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The current administration, barely a year into its tenure, is already facing criticism and challenges from various quarters. Nigerians are experiencing increasing hardship and a rise in prices of essential goods, making life unbearable for many. Despite this, the ruling All Progressives Congress (APC) seems to be hinting at a…
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Hardship Hangover: Nigeria’s Leaders and the Blame Game
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Understanding Responsibility and Accountability in Governance In recent times, as the Nigerian economy grapples with numerous challenges, political actors have been quick to absolve themselves of any blame, pointing fingers at previous administrations. This trend raises significant questions about the essence of leadership and accountability in governance. Are our leaders…
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Strike Back: NLC and TUC Give Ultimatum Over Government’s Failures
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Recent Developments NLC & TUC Issue Nationwide Strike Ultimatum Over Govt’s Failure to Tackle Hardship, Cost of Living, & Insecurity The Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC) have jointly issued a stern ultimatum to the Federal Government, signaling their intent to embark on a…