Eko Hot Blog reports that the Federal Government may need to implement a supplementary budget to cover the proposed minimum wage increase for workers This is because the negotiated amount may surpass the budgeted amount in the original 2024 budget. Editor’s Picks BREAKING: DSS Arrests Defendants In Dramatic Courtroom Raid Minister Sues Niger Speaker Over … Read more
Eko Hot Blog reports that the International Monetary Fund (IMF) has shed light on its recommendation for Nigeria to abolish fuel subsidies. Emphasizing the detrimental effects of the subsidy regime, the IMF contends that the regime was robbing the poor for the rich. The Director of the African Department of the Fund, Mr. Abebe Selassie, … Read more
NLC clarifies Tinubu and Ministers not responsible for 240% electricity tariff hike. World Bank and IMF identified as driving forces behind increase. Upah condemns hike, predicts negative consequences for businesses and economy. EKO HOT BLOG reports that the Nigeria Labour Congress (NLC) has clarified that neither President Bola Tinubu nor Minister of Power, Adebayo Adelabu, are … Read more