Poverty Archives — City Business News

October 10, 2024 No Responses

NLC Faults Fuel Price Hike

The Nigeria Labour Congress (NLC) on Wednesday rejected the new increase in petrol pump price, saying it will further deepen poverty in the country. “It will further deepen poverty as production capacities dip, more jobs lost with multidimensional negative e...

September 5, 2024 No Responses

TUC: Petrol Price Hike Will Worsen Workers’ Poverty

The increase in the pump price of petroleum would worsen poverty among workers, the Trade Union Congress of Nigeria (TUC) has said. In a statement on Wednesday, TUC President, Comrade Festus Osifo called on the Federal Government to “immediately rescind...

March 28, 2024 No Responses

Dangote Donates 80,000 Bags Of 10kg Rice to Vulnerable Lagos Residents

The Aliko Dangote Foundation, (ADF) has flagged off the distribution of 80,000 10kg bags of rice to the vulnerable in Lagos state. President of Dangote Group and Chairman of the foundation, Aliko Dangote, noted that the gesture is part of...

March 9, 2024 No Responses

Edo Launches ‘Feed The Hungry’ Initiative, Commits N1b Monthly

The Edo State Governor, Mr. Godwin Obaseki, on Friday, flagged off the “Feed the Hungry” initiative, committing over N1 billion monthly to feed poor and vulnerable residents of the State amid the hardship and suffering occasioned by the dire econ...

February 26, 2024 No Responses

NDDC Flags Off Distribution Of Palliatives In Delta State

The Niger Delta Development Commission (NDDC) has flagged off the distribution of palliatives for victims of the 2022 flood disaster in communities across the 25 local government areas of Delta State.Speaking during the presentation ceremony at the Sapele Athl...

February 15, 2024 No Responses

Ogun Unveils N5billion Palliatives For Residents

Ogun State Governor, Dapo Abiodun, has announced the commencement of N5 billion palliatives as part of measures to cushion the impact of the current socio-economic hardship being experienced by residents. Briefing Journalists on Wednesday, the Governor also ap...

February 14, 2024 No Responses

Reps Probe N6.57trillion Allocation To States, LGAs In 2023

The House of Representatives has urged its Committees on Special Duties, National Planning, and Economic Development to investigate the utilization of increased allocations disbursed to state governments by the Federal Account Allocation Committee (FAAC). This...

February 8, 2024 No Responses

Royal Father To FG: Regulate Foodstuffs Prices To Reduce Suffering

OBA Rafiu Balogun, the Elejirin of Ejirin Kingdom in Epe, Lagos State, has called on the Federal Government to regulate prices of foodstuffs and other household commodities. Balogun said that the measure would reduce the suffering of poor Nigerians. The...

February 7, 2024 No Responses

Ministers, CBN, FIRS Pledge To Address High Cost Of Living

The Minister of Finance, Mr Wale Edun, and the Minister of Budget and National Planning, Atiku Bagudu, have assured Nigerians that the high cost of living being witnessed by Nigerians is currently being addressed. Mr Olayemi Cardoso, the Governor of...

October 4, 2023 No Responses

FG Opens N150b Offers For Sukuk Bonds

The Federal government through the Debt Management Office (DMO) has opened offers for subscriptions for 10 years of Ijarah Sukuk at 15.75% interest per annum due in October 2033. DMO explained on Tuesday that the subscription period is billed to...

September 29, 2023 No Responses

Blue Economy Can Help Nigeria Defeat Poverty, Says Prof Pauli

The creator of Blue Economy, Prof Gunter Pauli, who hailed President Bola Tinubu for creating the Ministry of Marine and Blue Economy said the policy was overdue considering the abundant opportunities in Nigeria, but, warned that the government must aggressive...

September 4, 2023 No Responses

Sanwo-Olu Flags Off Food Palliatives, Targets 500,000 Vulnerable Households

THE Governor of Lagos State, Mr Babajide Sanwo-Olu, on Sunday flagged off the distribution of food items for 500,000 vulnerable households in the state to cushion the effect of fuel subsidy removal. Speaking during the exercise at the Lagos State...

September 28, 2022 No Responses

FG To Distribute 12,000 Metric Tonnes Of Grains

The Federal Government has concluded arrangements to distribute 12,000 metric tonnes of assorted grains to vulnerable Nigerians. The Director-General, National Emergency Management Agency (NEMA), Mr Mustapha Habib announced this during a visit to Governo...