Renowned Nollywood actress Funke Akindele and singer Mr. Eazi have taken to social media to celebrate Nigeria on its 64th Independence Day. The stars shared uplifting messages on Tuesday, October 1st, amidst the economic challenges facing the country. In an Instagram post, Funke Akindele expressed her hopes for Nigeria, stating, “I pray that this country … Read more
The Committee on Consequential Adjustments in Salaries for civil servants convened on Friday to discuss the new minimum wage template and agreed to set the effective date for the ₦70,000 minimum wage at July 29, 2024. This decision was outlined in a Memorandum of Understanding (MOU) released after the meeting, which was attended by representatives … Read more
President Bola Tinubu declared on Friday that his role as Nigeria’s leader is not to seek personal gain or accumulate wealth but to serve the nation and its people. Speaking during a meeting with the Forum of Former Presiding Officers of the National Assembly at Aso Rock Villa, President Tinubu stressed that his administration is … 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
Biliamin Oba, the Senior Special Assistant on Social Development to Lagos State Governor Babajide Sanwo-Olu, has advised Nigerians to reduce their spending in response to the country’s current economic difficulties. Speaking during the 2024 International Youth Day event organized by the National Youth Council of Nigeria (NYCN) Olorunda Local Council Development Area (LCDA) Chapter in … Read more
The Zamfara State government has ordered the closure of all schools and suspended the JLC examination due to the nationwide protest against economic challenges starting on August 1. EKO HOT BLOG reports that Governor Dauda Lawal’s administration in Zamfara State has ordered the immediate closure of all schools in anticipation of the nationwide protest against economic … Read more
NAMA has suspended its planned 800% increase in navigational charges following Minister Festus Keyamo’s directive, emphasizing economic sensitivity and the need for further consultations. EKO HOT BLOG reports that the Nigerian Airspace Management Agency (NAMA) has suspended its previously announced hike in navigational charges following directives from the Minister of Aviation and Aerospace Development, Festus … Read more
APC Governors assure commitment to ending hunger and insecurity; urge protest organizers to embrace dialogue. EKO HOT BLOG reports that the All Progressive Congress (APC) Governors have assured Nigerians of President Bola Tinubu’s commitment to ending hunger and insecurity. This assurance came after a two-hour closed-door meeting of the APC Governors’ Forum. EDITOR’S PICK FG To … Read more
Former President Goodluck Jonathan calls for unity among Nigerians to overcome economic hardship, highlighting past recoveries attributed to divine intervention. Former President Goodluck Jonathan has emphasized the need for collaborative efforts among Nigerians to advance the country. He expressed optimism that the economic hardship in Nigeria would be overcome with God’s grace. EDITOR’S PICK Minimum … 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
Abiola, Tinubu Shares Alot In Common – APC Tells Atiku. Atiku and PDP condemn Tinubu, warn of dire consequences of economic instability. Atiku urges President to reconsider policies, while APC defends reforms as necessary to prevent national collapse. EKO HOT BLOG reports that the ruling All Progressives Congress (APC) criticized former Vice President Atiku Abubakar and … Read more
NUPENG and PENGASSAN demand removal of landing charges on helicopter operators. Unions criticize Federal Ministry of Aviation for imposing excessive fees amidst economic challenges. They urge the government to swiftly withdraw its policy to support a business-friendly environment Petroleum workers, represented by the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum … Read more
Most Complaining About Tariff Hike Don’t Pay Bills – Minister. New tariff reduces Band A costs by 30-40%. Tariff aims to alleviate economic challenges, disputes cost increase claims. EKO HOT BLOG reports that Minister of Power, Adebayo Adelabu, has asserted that the Nigerians complaining about the recent tariff increase for Band A customers are primarily those … Read more
Eko Hot Blog reports that Nigeria, a nation with abundant oil reserves, is grappling with a fuel crisis of unprecedented proportions. The combination of soaring fuel prices and widespread scarcity has sent shockwaves through the nation, affecting citizens, businesses, and the economy at large. Editor’s Pick Bello and Enenche: A Tale of Two Lions Breaking … Read more
Minority Caucus of the House of Representatives urges government intervention to revoke recent electricity tariff hike by NERC. NERC approved a significant tariff increase, sparking outrage and condemnation from lawmakers. Critics argue the hike disregards citizens’ welfare amidst economic challenges, contrasting with subsidy policies in other countries. EKO HOT BLOG reports that the Minority Caucus of … Read more
RCCG initiates ‘Jesus Market’ offering subsidized foodstuffs and items to members. Pastor Anthony Obinna-Ibe emphasizes the market’s aim to alleviate economic challenges and operate periodically. The initiative receives positive response from church members, providing essential goods at reduced prices. EKO HOT BLOG reports that the Redeemed Christian Church of God (RCCG), Youth Province 9 Headquarters (Palace … Read more
Essential food price surge in Nigeria due to recent policy changes. Protests erupt across the country demanding minimum wage increases to cope with rising costs. Instances of looting reported as citizens struggle with affordability of staple foods. EKO HOT BLOG reports that the cost of essential food commodities such as rice and beans has surged significantly … Read more
Federal Government implements three-month ban on public-funded foreign trip for MDAs. President Tinubu’s directive aims to save over N5 billion quarterly in government spending. Only essential trips approved by the president will be allowed during the moratorium period. EKO HOT BLOG reports that the Federal Government stands to save over N5 billion every quarter through a … Read more
Eko Hot Blog reports that in the face of Nigeria’s current economic struggles, Lagos State Governor, Mr. Babajide Sanwo-Olu, and Islamic religious leaders have called for patience, unity, and fervent prayers to guide the nation through these trying times. Editor’s Pick: FG Begins New Expatriate Job Policy, Violators Risk N3m Fine Price Of Block In … Read more
EKO HOT BLOG reports that Senator Sani Musa, who represents the Niger East Senatorial District of Niger State in the National Assembly, has conveyed his optimism regarding President Bola Tinubu ability to address the challenges confronting the nation. It’s been noted that under the Tinubu-led government, the elimination of fuel subsidy and the adoption of a … Read more