Eko Hot Blog reports that President Bola Tinubu has approved the takeoff of the first phase of the Consumer Credit Scheme (CCS). According to a statement by Presidential spokesman, Ajuri Ngelale, consumer credit serves as the lifeblood of modern economies, enabling citizens to enhance their quality of life by accessing goods and services upfront, paying … Read more
Eko Hot Blog reports that President Bola Ahmed Tinubu has approved the establishment of the Presidential Economic Coordination Council (PECC) and the creation of the Economic Management Team Emergency Taskforce (EET). The president brought into the economic team major players in the private sector, apparently to ensure a blend and cross-fertilisation of ideas. EDITOR’S PICKS … Read more
Eko Hot Blog reports that Billionaire businessman and president of the Dangote group, Alhaji Aliko Dangote has launched a N15 billion food intervention programme to cushion the burden of economic hardship on Nigerians. Speaking on Saturday during the launch of the programme in Kano, Dangote said the distribution of food items will run from March … Read more
Eko Hot Blog reports that Nigeria’s President, Bola Ahmed Tinubu, who turns 72 on March 29, 2024, has ordered that no celebration be put together for his birthday due to the mood in the country. The President, in a statement on Sunday by his special adviser on information and strategy, Bayo Onanuga, urged his associates … Read more
Eko Hot Blog reports that the federal government has begun the distribution of 42,000 metric tonnes of grains nationwide. The Minister of Agriculture and Food Security, Abubakar Kyari announced the development during an interactive session with the National Assembly joint committee on Agriculture Production Services and Rural Development, on Tuesday. The committee chaired by Senator … Read more
Eko Hot Blog reports that the founder and General Overseer of Living Faith Church Worldwide (LFC), Bishop David Oyedepo, has announced a schedule for the distribution of food and other relief materials to Nigerians amid the ongoing economic hardship in the country. Bishop Oyedepo made the announcement at the church’s headquarters in Canaan Land, Ogun … Read more
Eko Hot Blog reports that Lagos State has taken a significant step to alleviate the economic burdens faced by its residents by inaugurating the ‘Ounje Eko’ food markets, offering essential food items at reduced prices. This initiative, directed by Governor Babajide Sanwo-Olu, aims to provide financial relief by selling staple foods at a 25% discount … Read more
Eko Hot Blog reports that the Minister of Works, David Umahi on Friday threatened to revoke the multi-billion Naira Benin-Sapele-Ologbo road reconstruction project, if the contractors, Levant Construction Company, fails to comply with the scope and specification of the work. This was contained in a video made available on Saturday by the Special Adviser to … Read more
Eko Hot Blog reports that the Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, has disclosed that consultations and engagements regarding reopening land borders are ongoing. Adeniyi made this known on Saturday at an interaction session with the Kongolam border community members in Mai’adua Local Government Area of Katsina State. Reacting to agitation for reopening … Read more
Eko Hot Blog reports that the House of Representatives, has on Wednesday declared its support the idea of paying Nigerian workers the minimum wage that are appropriate to the present worldwide economic conditions. The House assigned its relevant committees in Labour and Employment, Finance, and National Planning the responsibility to devise strategies for compensating Nigerian … Read more
Eko Hot Blog reports that the Senate, on Wednesday, resolved that the leadership of the National Assembly will meet with President Bola Tinubu over the worsening insecurity in the country. This follows a motion of urgent importance raised by Senator Emmanuel Udende on the killing of over 50 people in fresh attacks in no less … Read more
Eko Hot Blog reports that the Nigeria Labour Congress (NLC) has criticized President Bola Ahmed Tinubu over his recent comment on labour unions. In a statement issued on Friday (today), the NLC said the Nigerian leader is only concerned with future political calculations instead of directing his efforts to address pressing challenges in the country. … Read more
Eko Hot Blog reports that some former Niger Delta warlords have held a stakeholders meeting on how to combat the current economic crisis in the economy, particularly in the Niger Delta region. The meeting was held at the residence of Senior High Chief Bibopere Ajube, at Agadagba-Obon, Arogbo, in Ese-Odo Local Government Area (LGA) of … Read more
Eko Hot Blog reports that the Sultan of Sokoto, Muhammad Sa’ad Abubakar III, has submitted that all is not well with the northern region of the country and Nigeria as a whole. According to the Sultan, the situation in the country has made people deeply frustrated, hungry, and resentful. He added that insecurity and poverty … Read more
Eko Hot Blog reports that a fresh round of protests has broken out in Suleja, the commercial nerve centre of Niger State which is only a few kilometres away to the Federal Capital Territory, Abuja. The angry Nigerians stormed the streets on Wednesday, according to photographs obtained by SaharaReporters, calling on the President Bola Tinubu-led … Read more