NECA Calls for Increased State Wages Workers Need Higher Pay to Boost Productivity Raise Minimum Wage Above ₦70,000, NECA The Nigeria Employers’ Consultative Association (NECA) has called on state governments to increase civil servants’ pay beyond the current ₦70,000 minimum wage. According to Eko Hot Blog, the association argues that states no longer have an … Read more
Food prices in Kaduna soar, making Christmas celebrations unaffordable for many. Traders blame higher costs at depots and transport for the price hikes. Residents cite insecurity and fuel price hikes as factors driving up cost Prices of cooking gas and food items have surged in Kaduna, leaving many residents unable to afford the essentials needed … Read more
Rice, a staple for Christmas celebrations in Nigeria, has become a luxury this year. Soaring food prices have made the traditional dish of jollof rice and chicken increasingly out of reach for many families, who are now carefully reconsidering their plans for the upcoming holiday season. To understand the cause, it’s important to note that … Read more
Nigeria’s headline inflation rose to 34.60% in November 2024, marking a significant surge in the costs of goods and services across the country. EkoHotBlog reliably gathered that to the latest Consumer Price Index (CPI) data released by the Nigeria Bureau of Statistics (NBS), represents a 0.72% increase from 33.88% in October. The sharp rise in … Read more
Nigeria’s headline inflation rate rose to 34.60% in November 2024, up from 33.88% in October, according to the latest Consumer Price Index (CPI) report from the National Bureau of Statistics (NBS). EKO HOT BLOG reports that November figure represents a 0.72 percentage point increase from the previous month. On a year-on-year basis, the headline inflation … Read more
A recent report reveals that the cost of building materials in Nigeria has surged by over 100% in the past year, causing significant disruptions in the construction industry. This sharp rise in prices has posed major challenges for large-scale developers and homeowners alike. Several factors have contributed to this increase, including disruptions in the supply … Read more
The Nigeria Labour Congress (NLC) has instructed its members in states that have yet to implement the new minimum wage to initiate an indefinite strike starting December 1, 2024. This directive follows the NLC’s resolutions from its National Executive Council (NEC) meeting over the weekend. “The NEC expresses deep frustration over the persistent delays and … Read more
Canada has announced that it will no longer automatically issue 10-year multiple-entry visas for tourists, a shift aimed at managing immigration levels, housing shortages, and living costs more effectively. Under the new guidelines from Immigration, Refugees and Citizenship Canada (IRCC), immigration officers will assess each applicant individually and determine shorter visa durations as needed, instead … Read more
The Governor of Lagos State, Babajide Sanwo-Olu, has officially announced an increase in the minimum wage for civil servants in the state to ₦85,000. Sanwo-Olu made this disclosure during an interview with Channels Television on Wednesday, October 16, 2024. Speaking on the wage hike, the governor explained that the decision followed extensive discussions with labor … Read more
Mr. Joe Ajaero, President of the Nigeria Labour Congress (NLC), revealed the agreement reached between organized labour and President Bola Tinubu before accepting the N70,000 minimum wage during the national wage discussions held at the Presidential Villa in Abuja. During an interview on Arise Television’s Morning Show, Ajaero explained that while negotiating for a new … Read more
President Bola Tinubu reaffirmed his administration’s commitment to restoring peace in the northern regions affected by banditry and kidnapping, with a focus on allowing displaced farmers to return to their lands and boosting food production. Speaking during his 2024 Anniversary Broadcast on the occasion of Nigeria’s 64th Independence Day on October 1, 2024, Tinubu expressed … Read more
President Bola Tinubu in his 64th Independence Day address on Tuesday, acknowledged the hardships many Nigerians face, particularly the rising cost of living and the struggle to make ends meet. The President expressed his awareness of these challenges and assured citizens that his administration is actively working to ease their suffering and improve their quality … Read more
President Bola Tinubu has urged Nigerians to remain patient despite the rising cost of living, stressing that the country must address its economic challenges and cannot rely on “a free bowl” without hard work and sacrifice. Speaking during a visit from former Nigerian lawmakers at the State House in Abuja on Friday, Tinubu acknowledged the … Read more
Nigerians are grappling with frustration as petrol prices soar to an unprecedented ₦855 per liter at NNPCL stations, particularly in Lagos, worsening the fuel scarcity and increasing the cost of living. The steep hike has drawn widespread criticism, with many, including Nollywood actress Kate Henshaw, voicing their concerns on social media. EDITOR’S PICKS Police Arrest … Read more
Governor Alex Otti opposes Peter Obi’s endorsement of a nationwide protest, emphasizing the illegality of protesting without police approval. EKO HOT BLOG reports that Abia State Governor, Alex Otti, has taken a stance that diverges from that of the Labour Party (LP) Presidential Candidate in the 2023 election, Peter Obi, regarding a planned nationwide protest. A … Read more
Nigerian labour unions demand an increase in the national minimum wage to ₦250,000 due to inflation and economic instability, but state governors reject this, citing affordability issues. EKO HOT BLOG reports the Minimum wage policies are essential for ensuring a basic standard of living for workers. In Nigeria, the national minimum wage has been a subject … Read more
NGO urges the government to regulate prices of goods and services instead of increasing the minimum wage to address economic challenges and alleviate hardship caused by inflation. EKO HOT BLOG reports that a non-governmental organisation, Safe and Better Nigeria, has stated that regulating the prices of goods and services, rather than increasing the minimum wage, is … Read more
Federal government vows to reduce cost of living and doing business in Nigeria ahead of its first year in office. Minister Mohammed Idris assures commitment to lowering expenses by increasing citizens’ income. Reforms under Tinubu administration, including fuel subsidy removal, have caused a surge in living. EKO HOT BLOG reports that as it gears up for … Read more
We Won’t Shift Ground, NLC Insists On N615,000 Minimum Wage. NLC President Joe Ajaero argues the N615,000 figure is based on current economic realities and necessary expenses for an average Nigerian family. Labour unions threaten potential withdrawal of services if the government does not reconsider the offer, citing the current N30,000 minimum wage as unsustainable. … Read more
Nigeria braces for a minimum wage increase Government, private sector in agreement on the necessity Workers’ demands for better wages heard loud and clear Eko Hot Blog reports that Senator Adams Oshiomhole has shed light on a prevailing consensus among stakeholders regarding the urgency of raising the national minimum wage. Speaking on Channels Television’s “Politics … Read more