Tag: economic hardship
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Hardship: Police cautions against planned protests
The Osun police command has advised residents planning a public protest against the “increasing price of commodities” to do so peacefully and avoid a breakdown of law and order. The warning is contained in a statement issued in Osogbo by the command’s spokesperson, SP Yemisi Opalola, and made available to journalists on Thursday. Ms Opalola…
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Rising inflation plunges Nigerians further into Hardship
Nigeria’s annual inflation rate has surged to an alarming 24.08 per cent in July, up from 22.79 per cent in the month of June, according to data released by the National Bureau of Statistics (NBS) on Tuesday. The NBS also reported that on a year-on-year basis, the headline inflation rate is a staggering 4.44 per…
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SPECIAL REPORT: Prolonged fuel scarcity questions FG’s N17bn tracking technology
Long queues of vehicles parked at filling stations and roads littered with petrol hawkers have become common sights in major cities across the country as fuel scarcity lingers for weeks, pushing up the prices of transportation and food commodities in an already fragile economy. Despite subsidy payments rising to an average of N500bn per month,…