Tinubu’s decision to end fuel subsidy in May 2023 caused immediate nationwide Prices of Petrol increase. NBS reports a staggering 157% rise in average fuel retail price from February 2023 to February 2024. Zamfara tops the list with the highest average petrol price at N750.43 per litre, while Kwara Senjoys the lowest at N650 per … Read more
EKO HOT BLOG reports that President Bola Tinubu has declared that Nigeria will not continue to import food as his administration strives to invest in agriculture to boost food production in the country. The Nigerian leader made this remark on Friday, during a meeting with the Forum of State Chairmen of the All Progressives Congress (APC) … 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 a Senior Advocate of Nigeria (SAN), Femi Falana, has challenged President Bola Tinubu-led government to confirm or deny if petrol subsidy has been restored. This online media platform recalls that President Tinubu on his inauguration on May 29, 2023, announced the removal of the petrol subsidy. This development has worsened the … Read more
Eko Hot Blog reports that Nigerians in Ibadan, the capital of Oyo State, on Monday, trooped out in their numbers to protest the high cost of living and called on President Bola Tinubu to immediately arrest the situation. The protesters, who blocked vehicular movement, lamented that they could no longer afford essentials. They carried placards … Read more
The cash support was aimed at relieving the current economic hardship in the country. The elders’ empowerment programme followed other welfare initiatives that targeted vulnerable residents of Epe in recent months. The LG chairman recently committed to more programmes that would add value to people’s lives. Eko Hot Blog reports that the Chairman of Epe … Read more
Eko Hot Blog reports that Ogun State Governor, Dapo Abiodun, has offered a defense of President Bola Tinubu’s government, saying he inherited an “almost comatose” government from former President Muhammadu Buhari. He made the claim on Channels Television’s Sunday Politics on Sunday evening. Abiodun, Tinubu, and Buhari are all members of the same political party; … Read more
Eko Hot Blog reports that the Lagos State Government is ending its palliative measure which cut public transport fares by 50%. The Lagos Metropolitan Area Transport Authority (LAMATA) announced the development in a statement on Saturday. Governor Babajide Sanwo-Olu had announced a 50% fare rebate in the state’s regulated transport system on August 2, 2023. He … Read more
Eko Hot Blog reports that the Federal Government has reacted to speculations that it has restarted paying fuel subsidy which President Bola Tinubu said was gone. The Group Managing Director of the Nigerian National Petroleum Corporation Limited (NNPCL), Mele Kyari, who met with the president on Monday at the Presidential Villa, denied allegations making the … Read more
EKO HOT BLOG reports that the presidential candidate of the Labour Party in the 2023 election, Peter Obi, has described fuel subsidy as an organised crime. Obi, on Monday, said this while speaking on Arise TV ‘The Morning Show’ on what approach he would have taken differently in resolving the looming strike by the Nigeria … Read more
EKO HOT BLOG reports that all the thirty-six state governors in Nigeria have been dragged to court over their failure to render accounts of the N72 billion so far released to them by the Federal Government to cushion the effects of fuel subsidy removal in the country. According to the Socio-Economic Rights and Accountability Project … Read more
Eko Hot Blog reports that Amidst the pain caused by the fuel subsidy removal, Governor Uba Sani of Kaduna State has said Nigerians will soon enjoy the dividends of democracy. Speaking on Thursday when he was featured on Channels Television’s Politics Today, Sani said President Tinubu is working really hard to reduce the hardship caused … Read more
EKO HOT BLOG reports that fuel marketers have called on the Federal Government to provide transparency regarding its stance on fuel subsidy. They assert that the government has quietly resumed subsidizing Premium Motor Spirit (PMS), commonly known as petrol. They claim that this discreet return to fuel subsidy has prevented the price of petrol … Read more
Eko Hot Blog reports that oil prices have reached their highest level since 2014, as Saudi Arabia announced that it will maintain its voluntary production cuts of one million barrels per day until the end of 2023. Russia also announced it would extend its export cuts of 300,000 barrels per day for the same period. … Read more
Eko Hot Blog reports that Lagos State Governor, Mr Babajide Sanwo-Olu, on Sunday, flagged off the distribution of food items for vulnerable households through the Lagos Food Bank Programme, to cushion the effects of the removal of fuel subsidy by the Federal government on Lagos residents. The flag-off of the food bank programme is part … Read more
EKO HOT BLOG reports that the Osun State Government has beefed up security around storage facilities following reports of planned looting of palliatives kept in warehouses. The state had received 3,000 bags of rice from the Federal Government and is said to be awaiting 14,516 more bags of rice and 3200 MT of maize before … Read more
Nigeria’s trajectory took an unprecedented turn with President Bola Ahmed Tinubu’s bold declaration shortly after his May 29, 2023, inauguration that the fuel subsidy was to be abolished. Even as the inauguration festivities at Abuja’s Eagle Square drew to a close, the reverberations of this statement were felt across the nation’s fuel stations. Oil marketers … Read more
Eko Hot Blog reports that the Chairman of Epe Local Government, Princess Surah Olayemi Animashaun, has announced the distribution of foodstuff across the 8 wards that make up the area as palliative to cushion the effect of the removal of fuel subsidy by the Federal government. According to a statement issued by the chairman’s office … Read more
Eko Hot Blog reports that Lagos State General Hospitals and Primary Health Centres are currently providing free antenatal care and child delivery services to pregnant women resident in Lagos State. The Lagos Ministry of Health made the disclosure in a statement on Sunday. The health ministry said the free services are part of the relief … Read more
Eko Hot Blog reports that The Place, a hospitality and restaurant outfit, has rolled out a palliative measure for its workers. The Place is a popular indigenous restaurant in Lagos State with branches in Abuja and Ilorin, Kwara State capital. A statement issued by the company’s spokesperson, Kayode Jackson, on Friday, said the palliative measure … Read more