Found 151 results for “cost”
United Nigeria Airlines is set to issue N20 billion in commercial paper as part of its strategy to enhance its financial stability and expand its operational reach. This move aims to solidify the airline's presence in domestic, regional, and international markets.
Lagos State Governor Babajide Sanwo-Olu has initiated immediate road repairs to enhance infrastructure, particularly in the Oshodi-Isolo area. The initiative, led by the Lagos State Public Works Corporation, aims to improve connectivity and boost commercial activities as the dry season sets in.
The International Monetary Fund (IMF) has cautioned against blanket petrol subsidies, emphasizing the need for targeted assistance to support Nigeria's most vulnerable populations. The organization highlighted the fiscal implications and regressive nature of such subsidies in its latest report.
The International Monetary Fund has urged Nigerian authorities to implement stronger regulatory measures in the banking sector to mitigate risks following recent recapitalisation efforts. This recommendation comes amid concerns over sovereign debt exposure and potential global financial instability triggered by market corrections.
The African Democratic Congress (ADC) has revealed plans to reinstate petrol subsidies as part of its strategy to ease the financial burden on Nigerians. Presidential candidate Atiku Abubakar emphasizes the need to prioritize citizens' welfare amidst rising market prices.
In a recent statement, Nigeria's health officials highlighted significant challenges in monitoring drug-resistant infections, indicating a pressing need for improved surveillance systems. This admission underscores the growing concern over antimicrobial resistance (AMR) within the nation's healthcare facilities.
In a stark revelation, Nigeria's debt interest payments surged to N7.7 trillion in the first half of 2026, outpacing government revenue by N1.5 trillion, according to the World Bank. This alarming trend underscores the mounting pressures of debt servicing on the nation’s public finances amidst a recovery in federal revenues.
Minister Idris emphasizes that the recent petrol discount offered by the NNPC is a strategic decision aimed at alleviating the burden of rising fuel prices on consumers, rather than a return to the controversial subsidy system. This move is intended to balance corporate profitability with public affordability amidst economic pressures.
The Nigerian government has successfully converted more than 120,000 vehicles to compressed natural gas (CNG) as part of President Tinubu's initiative, according to Minister Idris. The initiative also boasts over 400 certified conversion centres and more than 90 refuelling stations across the country, with plans for an additional 180 stations underway.
A coalition of civil society groups has raised alarms that the Lagos State government's plan to privatise water services may exacerbate existing inequalities. Advocates emphasize that access to water should be recognized as a basic human right rather than a commodity subject to market forces.
In a recent meeting with the Senate Committee on the South East Development Commission, Governor Mbah emphasized the urgent need for enhanced infrastructure projects, including a gas pipeline and regional railways, to bolster industrial growth in the region.
The Makinde/Daura Presidential Campaign Organisation has labeled President Tinubu’s N60 fuel discount as a mere political maneuver, arguing it fails to address the economic struggles faced by Nigerians. They point to recent petrol price hikes as evidence that the administration's claims of relief are disconnected from reality.
The Nigeria Labour Congress (NLC) and the Nigeria Union of Teachers (NUT) have declared the directive by Rivers State Governor Nyesom Wike to implement a no-work, no-pay policy against striking workers as unconstitutional and unenforceable. This announcement comes amid rising tensions between state authorities and labor unions over workers' rights and strike actions.
The ongoing discourse surrounding petrol costs in Nigeria raises critical questions about the sustainability of subsidy policies and their long-term financial implications. As debates intensify, the focus shifts to who ultimately bears the cost of these subsidies amidst economic pressures.
President Bola Tinubu has called on political aspirants to provide clear financial plans for their campaign promises, emphasizing the importance of sustainability and fiscal responsibility. In a recent address, he highlighted the need to balance immediate relief with the long-term welfare of future generations.
