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 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
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 Niger State Governor, Mohammed Umar Bago, has sanctioned the payment of a N20,000 wage award for every civil servant in the state. This decisive action is a direct response to President Bola Tinubu’s nationwide appeal, urging state governments to alleviate the financial strain on their populace amid escalating economic hardships. … Read more
Eko Hot Blog reports that Oyo State Governor, Engineer Seyi Makinde has declared that there is no truth in the claim by Senate President Godswill Akpabio that states got additional N30 billion each outside of their statutory revenue allocations, to address the food insecurity. The governor stated this on Thursday, noting that Oyo did not … Read more
Eko Hot Blog reports that President Bola Tinubu has directed senior civil servants to accelerate the payment of welfare packages to workers nationwide. Tinubu gave the directive during a meeting with the Head of Civil Service of the Federation, the Body of Permanent Secretaries, and some Directors-General of agencies at the State House, Abuja, on … Read more
Eko Hot Blog reports that the Nigeria Employers’ Consultative Association (NECA) has appealed to President Bola Tinubu to review and adjust the removal of fuel subsidies, highlighting subsidies as essential tools for socio-economic stability and growth. NECA also urged the Federal Government to implement measures to enhance the business environment in the country. This statement … Read more
Eko Hot Blog reports that Oyo State Governor, Engineer Seyi Makinde has announced an extension of the wage award for workers in the state for six months. The governor announced this on Friday during the commissioning of the 12.5km Challenge–Odo Ona-Elewe-Elebu –Apata dualized road project. Recall that in October, the Oyo State Government approved the … Read more
Eko Hot Blog reports that the Kwara State Government has restated its commitment to promote the welfare of workers and the people of the state. This assurance is in reaction to the press briefing of the labour unions who made demands for the implementation of some outstanding allowances and emolument. The organized Labour Union in … Read more
Eko Hot Blog reports that the Federal Government said it would kick off the disbursement of the Presidential Conditional Grant and the Presidential Palliative Loan to businesses. The Minister for Industry, Trade and Investment, Dr Doris Uzoka-Anite, made this known in a press statement on Sunday. Editor’s Pick JUST IN: Fire Razes NTA Network Centre … Read more
Eko Hot Blog reports that President Bola Tinubu has been asked by the 10th Senate Committee on Gas to send a supplementary budget to facilitate the procurement of compressed natural gas (CNG) buses for mass transit across the country. This news medium had earlier reported that the federal government during a meeting with labour leaders … Read more
Eko Hot Blog reports that The Federal Government and the organised Labour (Nigeria Labour Congress and Trade Union Congress of Nigeria) have just commenced a last-minute negotiation meeting at the Presidential Villa, Abuja, in view to avert the impending indefinite strike. Other members of the government team include the Head of Service of the Federation, … Read more
Eko Hot Blog reports that Nigeria’s President, Bola Ahmed Tinubu has declared a new era in Nigeria’s public transportation saying that the federal government will now deploy cheaper and safer Compressed Natural Gas (CNG) buses across the nation. President Tinubu made this known in his nationwide broadcast on Sunday, October 1st, 2023 on the occasion … Read more
Eko Hot Blog reports that the Ministry of Labour and Productivity, Simon Lalong, has revealed that plans are underway to avert the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) nationwide indefinite strike action. This news medium reported that the organised Labour Unions reached a decision to go on strike on October 3 … Read more
Eko Hot Blog reports that the Chairman of the All Progressives Congress (APC) for Akoko North West Ward 1, Olumide Awolumate, has explained the reasons for assaulting the Ondo State Commissioner for Women Affairs and Social Development, Adebunmi Osadahun. This news medium had earlier reported that Awolumate, in a video shared online, inflicted injuries on … Read more
Eko Hot Blog reports that the House of Representatives has dismissed a statement credited to the National Assistant General Secretary of the Nigeria Labour Congress (NLC), Mr Christopher Onyeka that each member collected N100 million as palliative. Chairman, House Committee on Media and Public Affairs, Rep. Akin Rotimi, said this in a statement on Wednesday … Read more
Eko Hot Blog reports that officials of the State Emergency Management Agency diverting palliatives meant for Nigerians to cushion the effects of fuel subsidy removal have been arrested by the Department of State Services (DSS). It was gathered that some of the suspects arrested were officials of Nasarawa State Emergency Management Agency (NASEMA) and their … Read more
Eko Hot Blog reports that the Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, has disclosed how much each state have received from the federal government N5 billion to all state of the federation and the Federal Capital Territory (FCT). The minister, on Friday, during a briefing with key government officials … Read more
Eko Hot Blog reports that the Governor Godwin Obaseki-led Edo State Government has taken a swipe at the Bola Tinubu-led administration over its reaction to a statement by the Governor. It would be recalled that Obaseki, while speaking with journalists in Benin City on Wednesday, described the federal government’s palliative concept as deceptive and fraudulent. … Read more
Eko Hot Blog reports that the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), have reacted to the Federal Government’s N5 billion fuel subsidy removal palliative to state governments. It would be recalled that the Federal Government approved N5 billion for each state and the Federal Capital Territory (FCT) to enable them to … Read more