World Bank: Nigeria Needs to Stop Wasteful Spending to Boost the Economy
The World Bank has criticized the Nigerian government for its ineffective management of expenditures. In its recent Nigeria Development Update, the World Bank urged President Bola Tinubu’s administration to eliminate unnecessary expenses, such as the purchase of vehicles and external training programs. Reports indicate that the Tinubu government has spent billions on SUVs and other […]
Back to Basics: Chewing Sticks Make a Comeback as Toothpaste Prices Soar
Nigerians are reverting to traditional practices as rising economic pressures make everyday items like toothpaste increasingly unaffordable. The once-common use of chewing sticks, valued for their medicinal properties, is re-emerging among families struggling to manage rising costs. Many families now find that spending over N5,000 on toothpaste, which lasts less than two weeks for a […]
“N85,000 Minimum Wage Isn’t Enough for Lagos’ High Living Costs” – Rhodes-Vivour
“Minimum wage to N85,000 is commendable, but it falls significantly short of addressing the unique cost-of-living challenges faced by Lagos workers.” Labour Party’s recent gubernatorial candidate in Lagos, Gbadebo Rhodes-Vivour, criticized the state’s new N85,000 minimum wage increase as inadequate to meet Lagos’s rising cost of living. While acknowledging the move as a positive step, […]