Tag Archives: Economy

  “Moreover, the Tinubu administration’s unpopular policies, such as the removal of fuel subsidies and increased taxes, have further strained the public’s financial situation. Observers note that while these policies may aim at fiscal stabilization, they disproportionately affect the most vulnerable. A recent survey indicated that 70% of Nigerians have reported a decline in living standards since the subsidy removal ...

  “The average price of 500g sliced bread increased by 89.48% between February 2023-2024 and doubled by September 2024 according to NBS. As of today, a loaf of standard bread is sold for N1900 and for the remaining part of the year, it could certainly assume a new price of N2100” PEGASUS REPORTERS, LAGOS | OCTOBER 28, 2024 As Nigerians ...

  “It is sad to write that President Bola Ahmed Tinubu is just raising the hope of Federal Universities Staff believing that his government would pay our four months withheld salaries and allowances; arrears of 25% salary increase of a year (January to December 2023; N35,000.00 fuel subsidy removal palliative arrears from February, March 2024 to date” PEGASUS REPORTERS, LAGOS ...

  “How could the price of a basket of tomato become N75,000 overnight! And the price of a small bucket of pepper be sold at N20,000? The answer is simple: The vicious cycle of insecurity (war in the North East) and sundry banditry cum cattle rustling, as well as those similar challenges across the country, are inter-connected. Government policy think ...

  “President Tinubu’s decision to remove fuel subsidies was a missed opportunity and aborted chance to invest in social security and services. Billions of dollars were saved, yet the government failed to channel them into vital sectors like healthcare, education, and social welfare. This neglect has exacerbated poverty and inequality” PEGASUS REPORTERS, LAGOS | JUNE 12, 2024 IN the massive ...

  “The truth is that some people like we all know bought dollar at N1800 and above, and while dollar continued falling, felt reluctant to sell. So, rather than lose, they devised the means now to once again manipulate the exchange rate to get dollar rise again to a point they can sell.” PEGASUS REPORTERS, LAGOS | APRIL 22, 2024 ...

  “Many are unaware of the huge amounts spent on civil servants yearly to attend different courses across the world. This is a regular occurrence. Since we are still suffering from an inefficient, corruption-facilitating, and bureaucracy-tied civil service, shouldn’t this also be considered a waste? Or is it because there was no opportunity for public review?” PEGASUS REPORTERS, LAGOS | ...

  “The challenge before the Government of Tinubu is how to tame or exterminate the stranglehold of these bandits on the nation. The farmers need security in the farm to cultivate the farm and security of the road to move products to their homes and the markets. These difficulties affect the quantities of food produce and ease of taking harvest ...

  “A core tenet of solution creation is to first understand the nature of the problem. Proper diagnosis means that chances of correcting and healing, and thus survival, recovery, and prosperity, are much higher. I have also read with amusement many opinions about how good the NGN was compared to the USD in the past. This has been a painful ...

  “For industrialization, Nigeria must prioritize the development of strategic industries that leverage technology and innovation to drive growth. The focus should be on areas wherein there is a comparative local advantage in terms of resource requirements, above-average technical and technology competencies, ease of development, deployment, and scaling, as well as strategic partnerships that leverage the country’s deep market opportunities.” ...