In today’s economic landscape, uncertainty and volatility have become the norm. Businesses and consumers find themselves trying to navigate uncharted waters, particularly in Nigeria, which is grappling with economic instability, fluctuating inflation rates, and shifting consumer Navigating these challenges requires a strategic approach that addresses immediate concerns while building long-term resilience. Many are encountering the true meaning of VUCA for …

The Federal Government has announced a slash in allowances of foreign scholars currently stranded in Russia, Morocco, and Algeria, among others, by 12.7 per cent due to economic hardship in the country. The students in a swift reaction, lamented the debilitating impact the slash in allowances would have on the welfare of foreign lands. The government’s decision to slash the …

Nigeria is a complex country. It is facing significant challenges across nearly every sector. Today, the confluence of rising insecurity, galloping inflation, and diminishing productivity has plunged the nation into an economic quagmire. As prices soar and manufacturers shutter their operations, the imperative for decisive action to foster economic recovery and stability has never been more urgent. The urgency is …

Lagos State Government has received 80,000 bags of 10 kilogrammes rice to bolster its interventions targeted at ameliorating the impacts of current hardship on vulnerable households in the state. Governor Babajide Sanwo-Olu, on Wednesday, personally received fully loaded trucks laden with 80,000 units of 10kg bags of rice supplied by Aliko Dangote Foundation for immediate distribution to various segments of …

Akwa Ibom State governor, Umo Eno, has unveiled a free food package for poor residents of the state. The initiative will be executed under the state’s palliative scheme through the newly launched Bulk Purchase Agency (BPA). Eno said the BPA is deliberately targeted at the less privileged residents who are captured in the social register (SR) for free food items. …

The Nigeria Governors Forum (NGF) has said that the 36 state governors are implementing diverse strategies and measures aimed at resolving the ongoing economic challenges and food crises within their respective states. Economic difficulties have arisen in Nigeria in the past months with the removal of fuel subsidy which led to a sharp increase in the prices of essential goods …

The Special Adviser to the President on Energy, Mrs. Olu Veŕheijen has said that the Federal Government reserves the right to pay fuel subsidy intermittently to cushion hardship in the country. Veŕheijen said this while briefing journalists in Abuja on Friday. Earlier, the International Monetary Fund reported that the Nigerian government brought back petroleum subsidies through the back door. The …

The African Development Bank Board (AfDB) of Directors has approved $134 million for Nigeria to implement an emergency food production plan, AfDB President Akinwumi Adesina has said. According to him, talks are also ongoing for a $1.7 billion economic and budget support loan as well as the launch of a $1 billion agro-industrial processes in 28 states. Adesina made the …

Following President Bola Tinubu’s removal of fuel subsidy, Nigerians are facing economic hardships and are calling for a change from the presidential system of government to parliamentary system of government. The Nigerian economy has been severely strained due to the removal of the fuel subsidy, resulting in increased prices of essential commodities and transportation fares. Breezy News correspondent, Oluwasemiloore Ige …

Inmates in the Correctional Centre in Jos, Plateau State capital, on Friday, protested the plan to reduce their food ration. The protest freportedly ollowed a tip-off on the downward review of their food size. The increasing cost of living in the nation has sparked demonstrations across various regions. Youths and women from parts of the country have taken to the …