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The removal of fuel subsidy in Nigeria has significantly impacted the economy of Lagos, Africa's largest commercial center. The hike in petrol prices and weak local currency have led to a decline in business activities and commuting, affecting small businesses and low-income earners. While the move to end the subsidy was deemed necessary, it was done abruptly without proper preparations, exacerbating the economic hardship in Lagos.
Unfounded allegations against Mr. Olusade Adesola, Permanent Secretary of the Federal Capital Territory Administration, have been debunked by the Pro-Impact Initiative. The organization called for individuals spreading misinformation to focus on productive endeavors that will advance Abuja's progress under the leadership of FCT Minister, Nyesom Wike.
Nigeria's government is launching a cash transfer program as part of the Renewed Hope agenda to aid individuals and families facing economic difficulties caused by the COVID-19 crisis. The program aims to provide financial relief and assistance to vulnerable households through the distribution of N30,000 cash. With the collaboration of international partners like the World Bank, the government seeks to expand the National Social Register and ensure effective aid to those in need.
A wave of military takeovers in Africa has been met with surprising support from the citizens. This article explores the frustrations behind this support and the decline in democracy on the continent. It also delves into the economic factors and external dynamics that play a role in these coups. Despite the hopes for a better future, some analysts argue that military governments may not deliver the desired benefits either.
The proposed de-establishment of the Air Force Forward Operating Base (FOB) in Ogoja, Cross River State has drawn criticism from Hon. Godwin Offiono. He emphasized the significance of developing and equipping the base, highlighting the benefits it would bring to the state. The establishment of the FOB was approved by President Muhammadu Buhari in 2022, aimed at enhancing national security and peacekeeping efforts in the region.
Elizabeth Korolo Boluwatife and Abdulsalam Ajara, Nigerian female students, have won the Stockholm Junior Water Prize Nigeria for inventing a water purifying device called Bithermal Water Distillation Device. The innovative device can purify and recycle contaminated water into safe drinking water, providing a solution for people in riverine and rural areas.
The Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, has ordered the immediate demolition of Dominion and EAN hangars at the Murtala Muhammed International Airport Two (MMIA 2) in Lagos. Keyamo expressed his dismay at the unkempt environment at the airport and gave orders for the area to be kept clean.
The Abia Technology and Innovation Network (ATIN) has urged the Abia State government to embrace and implement the Nigerian Start-up Act. ATIN believes that this move will foster the rapid development of the technology industry in the state and create a stronger ecosystem for innovation and creativity. Acting Chairman of the ATIN board, Daniel Chinagozi, emphasized the importance of collaboration between the government, industry stakeholders, and the technology community to drive technological advancement in Abia State. ATIN also proposed a partnership with the government to provide power and internet connectivity to innovation hubs and to train 10,000 Abia youths in various technology skills.
The Nigerian Economic Summit Group (NESG) Health Policy Commission (HPC) recently held a webinar event to explore innovative approaches to attract funding for the healthcare sector in Nigeria. The event discussed the challenges and opportunities in healthcare financing and proposed ways to overcome them. With a growing population and increasing healthcare demands, Nigeria is in need of sustainable financing solutions to ensure effective healthcare delivery services in the country.
LASTMA has debunked reports of a pregnant woman being crushed to death by one of their vehicles at Computer Village, Ikeja in Lagos. Preliminary investigations revealed that the woman had sustained minor injuries and was treated and discharged from LASUTH. LASTMA has urged commercial bus operators to prioritize the safety of their passengers by keeping their vehicle doors closed while in motion.
In a bid to ensure equitable access to health services and achieve Universal Health Coverage (UHC), Pathfinder International, Nigeria and other stakeholders have called for the adoption of self-care. Self-care aligns with the goals of UHC and allows individuals, families, and communities to take charge of their own health. The media has been urged to create awareness and advocate for self-care interventions to reduce overdependence and overstretch of health facilities.
A panel of discussants at the Nigerian Youth Parliament's International Youth Day event called on stakeholders to review Nigeria's technical schools and upgrade the curriculum to align with current realities. The panelists emphasized the need to consider the emergence of Artificial Intelligence Technology and its impact on job opportunities. They also stressed the importance of building the capacity of teachers in basic education to empower students with necessary technical skills for sustainable development.
Nigeria's Centre for Disease Control and Prevention (NCDC) has stated that the emergence of the Omicron subvariants EG.5 and BA.2.86 poses no significant cause for alarm. The NCDC assures that there is nothing significantly new with these variants, noting that COVID-19 remains primarily a problem for high-risk individuals. It also emphasizes the importance of responsible media reporting and urges citizens to rely on verified information to avoid unnecessary panic.
Nigeria's unemployment rate has dropped to a record low of 4.1% in the first quarter, according to the National Bureau of Statistics. The revised methodology now defines employed persons as those in paid jobs, and considers underemployment as working less than 40 hours a week. Despite the positive news, the majority of employed Nigerians are still in the informal sector.
The completion of the Dangote Refinery project in Nigeria marks a significant milestone in Africa's infrastructure development. XCMG Machinery has played a crucial role in supporting this mega project with its diverse range of construction machinery equipment. The high-quality products and reliable services provided by XCMG have ensured the smooth progress of the refinery's construction. This achievement showcases XCMG's commitment to Africa's development and its ability to contribute to major infrastructure projects across the continent.
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