Nigerian Economy in Crisis: Naira Falls to Historic Low of N1,555/$

The Nigerian economy is facing a significant crisis as the naira plummets to a historic low of N1,555 per dollar in the parallel market. This alarming depreciation has far-reaching implications for the country’s economic stability, inflation rates, and the daily lives of its citizens. The Causes Behind the Decline Several factors have contributed to... Read More

Economic Impact of Crude Oil Theft in Nigeria

Crude Oil Theft in Nigeria: A Deep-Rooted Issue Leaders and activists in the South-South region have highlighted the complex networks involved in crude oil theft, pointing to significant players within politics and the oil industry. These networks, entrenched over the years, are shielded by a lack of political will from the government. PANDEF’s Stand... Read More

State Autonomy in Minimum Wage: Governors Advocate for Localized Negotiations

LAGOS — Governors from the Southern part of Nigeria, under the aegis of the Southern Governors’ Forum, have called for each state’s ability to pay the new minimum wage to be considered. This appeal comes amidst ongoing discussions by the Nigerian Governors’ Forum (NGF) to find a mutually agreeable solution to the minimum wage... Read More

Gbas Gbos: Nigerian Governors Declare Inability to Pay N60,000 Minimum Wage

Nigerian Governors Declare Inability to Pay N60,000 Minimum Wage In a significant development, Nigerian state governors have collectively declared their inability to meet the proposed N60,000 minimum wage due to budgetary constraints. The announcement was made following a recent meeting of the Nigeria Governors’ Forum (NGF), where the financial implications of the new wage... Read More

Tinubu Orders Immediate Cost Assessment of Minimum Wage Raise by Finance Ministry

FCT – President Bola Tinubu has issued a directive to the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, to prepare and present the cost implications of a new minimum wage by the end of the day. This urgent directive comes as the government seeks a sustainable and realistic figure... Read More