Dr. Kayode Opeifa highlighted key factors behind Nigeria’s persistent fuel scarcity. Despite challenges, he assured Nigerians of an impending solution and resilience in managing such crises. Dr. Olugbenga Adeoye stressed the importance of effective communication, and other alternative solutions. Eko Hot Blog reports that Dr. Kayode Opeifa, the Executive Director of the Center for Sustainable … 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
Eko Hot Blog reports that residents of Obalende have been thrown into mourning after one of their own, Toheeb Eniafe, was shot at a petrol station belonging to the Nigerian National Petroleum Company Limited in the area. The incident, according to PUNCH happened late Wednesday and has left residents in the area in fear. Editor’s … Read more
Eko Hot Blog reports that the special Adviser to the President on Energy, Olu Veŕheijen , has asserted that the federal government reserves the right to pay fuel subsidy to soften the hardship that has ravaged the country in the aftermath of removal. Recall that global financial organisations including the International Monetary Fund (IMF) and the … Read more
Eko Hot Blog reports that at least 24 states of the federation will not be able to pay workers salaries this year without having to wait for federal allocations from the central government. According to findings by PUNCH, analysis of the state governments’ approved budgets for the 2024 fiscal year revealed that only 11 out … Read more
EKO HOT BLOG reports that the Federal Government of Nigeria has announced that a new minimum wage will be implemented starting April 1, 2024. This information was revealed by the Minister of Information and National Orientation, Idris Mohammed, during an interview with Punch in Abuja. The current minimum wage of N30,000 is set to expire … Read more
EKO HOT BLOG reports that Governor Peter Mbah of Enugu State has commended President Bola Ahmed Tinubu over the removal of fuel subsidy and unification of the exchange rate. This online media platform reported that Governor Mbah had visited President Tinubu on Tuesday at the Presidential Villa in Abuja. EDITOR’S PICKS FG Takes Action to … Read more
EKO HOT BLOG reports that the Senate, on Tuesday, warned President Bola Tinubu against illegal spending and advised him to seek a supplementary budget for its Compressed Natural Gas initiative. The Senate through its Committee on Gas, led by Senator Jarigbe Jarigbe, urged the executive arm of government to expeditiously present a 2023 Supplementary Budget … Read more
Eko Hot Blog reports that the Senior civil servants umbrella organisation the Trade Union Congress (TUC) , has announced that it will not join the strike call by the Nigerian Labour Congress (NLC). The NLC is reportedly mobilizing for a two day warning strike – for tomorrow and Wednesday – to protest against the federal … Read more
Eko Hot Blog reports that European refiners will lose a portion of a key export market for gasoline after Nigerian consumption slumped following the removal of the fuel subsidies in west African powerhouse. It would be recalled that President Bola Tinubu, had in his inauguration speech on May 29, 2023, announced an end to fuel … Read more
Eko Hot Blog reports that the federal government appealed to the Nigeria Labour Congress, NLC, yesterday to shelve its planned strike scheduled to start next Wednesday, saying it was doing everything possible to address issues raised by the labour movement, on the removal of fuel subsidy. The appeal came against the backdrop of the Wednesday … Read more
Amidst the laudable proposition to distribute of N8,000 to 12 million impoverished Nigerians as palliatives cushioning the effect of subsidy removal, we must consider the forte of such move beyond the surface. As we explore the intricacies of this approach, it dawns upon us that the mere act of conferring N8,000 in cash to those … Read more
Eko Hot Blog reports that According to the Federal Government, the total amount of petrol, commonly known as Premium Motor Spirit, consumed nationwide during the first half of 2023 reached 11.26 billion litres It was, however, observed that after the removal of subsidy on petrol, following the pronouncement by President Bola Tinubu on May 29, … Read more
The House of Representatives urges Tinubu to implement urgent palliative measures for Nigerians affected by fuel subsidy removal. Skyrocketing petrol prices and increased costs of goods and services have caused widespread hardship. Committees are assigned to ensure compliance and address gully erosion on a critical road. EKO HOT BLOG reports that the House of Representatives … Read more
NNPC Limited directs oil marketers on new payment plan after fuel subsidy removal by the Nigerian government, with options for order consolidation and cash refunds. Concerns arise over affordability, while predictions point to decreased fuel consumption and potential industry shifts. This development follows the Federal Government’s decision to remove fuel subsidies approximately two weeks ago. … Read more
The Edo and Kwara State Governments have implemented measures to mitigate the effects of fuel subsidy removal. They have introduced free Wi-Fi services in public places and ministries to ensure uninterrupted internet access for workers. Additionally, the governments have deployed buses to support the transportation needs of students and workers in public tertiary institutions. EKO … Read more
Tinubu has convened a meeting with traditional rulers from all six geo-political zones in Nigeria at the Presidential Villa in Abuja. The purpose of the meeting is to seek their support for the removal of fuel subsidy and to educate their subjects on the economic reasons behind the decision. Tinubu has been actively engaging various … Read more
The NLC has suspended its nationwide strike planned for Tuesday in protest of fuel subsidy removal. This decision was made because the government has shown willingness to engage in dialogue and provide reasonable measures to alleviate the impact of its policies. NLC expressed the need for the government to adhere to the country’s laws and … Read more
The TUC proposes a raise in the minimum wage to N200,000 in response to the removal of fuel subsidy. Former Senator Shehu Sani reacts, stating that the proposal is unrealistic as many states are still not paying the current minimum wage. The TUC calls for consequential adjustments to the Cost of Living Allowance and demands … Read more
Electricity workers under NUEE are mobilizing to join the NLC protest strike against fuel subsidy removal. The strike will potentially cause a nationwide blackout. The NLC has directed the withdrawal of services action to begin on June 7, 2023, in response to increased hardship and inflation. EKO HOT BLOG reports that electricity workers under the … Read more