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
The Federal Government’s efforts to reduce food prices through a zero percent duty and exemption from value-added tax on basic food items are facing serious setbacks, as the average price of imported food items surged to a staggering 878.3 price point index in September 2024. This spike reflects the mounting economic challenges hampering attempts to … Read more
The House of Representatives will investigate the alleged misappropriation of over ₦2 trillion disbursed by the Central Bank of Nigeria through the Anchor Borrowers Scheme under former President Buhari, amid concerns of food scarcity and mismanagement. EKO HOT BLOG reports that the House of Representatives has vowed to investigate the alleged misappropriation of over ₦2 trillion … Read more
EKO HOT BLOG reports that in a crucial meeting at the Presidential Villa in Abuja, the Chief of Staff to President Bola Tinubu, Mr. Femi Gbajabiamila, convened with National Security Adviser (NSA) Mallam Nuhu Ribadu, key ministers, and the governor of the Central Bank of Nigeria, Yemi Cardoso, to deliberate on the pressing issues of food … Read more
House of Representatives says the Federal Government should declare a state of emergency on stable food in Nigeria due to insecurity. EKO HOT BLOG reports that the House warned that famine looms in the country due to the growing insecurity that is frustrating agriculture. According to the House, the security crisis in the country is … Read more
The civil war, which was experienced between 1967-1969, was fought between the government of Nigeria and the defunct Republic of Biafra President Muhammadu Buhari has said Nigeria is experiencing the most difficult challenges since the civil war. Buhari said this while addressing Nigerians in celebration of the 61st Independence Day. “Fellow Nigerians, the past eighteen … Read more
El-Rufai lamented that farmers cannot go to their farms, while some have fled their villages to avoid attacks by criminals. Kaduna State Governor, Nasir El-Rufai, says food crisis looms in Nigeria due to the insecurity across states. El-Rufai lamented that farmers cannot go to their farms, while some have fled their villages to avoid attacks … Read more