The rising cost of living in Nigeria has led to a crisis as food prices rise beyond the incomes of ordinary citizens. The government is now panicking and trying to find a solution.
Based on its belief, it cancelled fuel subsidy and floated the naira so that it can find its true value. The naira played its part and has been rising steadily desperately searching for its true market value, which it turns out, is still very far away. The result is a “misery crisis” as food prices rise beyond the incomes of ordinary citizens whose naira is too small to enable them purchase food and hunger and anger spreads throughout the land.
The President who always tells Nigerians that he understands their pains then offers a solution and orders distribution of free grains from the Strategic Food Reserve
Cost Of Living Crisis Nigeria Food Prices Government
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dearth of oncologists, high cost of treatment mar government’s effortsOnly 20 indigent patients have benefited from $4m Cancer Health Fund
Read more »
National average Cost of Healthy Diet in NigeriaThe report reveals the national average Cost of Healthy Diet (CoHD) in Nigeria in December 2023, with the highest cost in the South-west zone. The CoHD is a measure of physical and economic access to healthy diets.
Read more »
University workers in Nigeria may confront government over welfare issuesUniversity workers in Nigeria, under the umbrella of ASUU, are expressing disappointment over the government's failure to fulfill promises regarding their welfare. They are considering another confrontation with the government to address their grievances.
Read more »
Debate on the Best Form of Democratic Government for NigeriaArguments and counter-arguments on the best form of democratic government for Nigeria, with some advocating for a return to the parliamentary system.
Read more »
15 Nigerian Governors Breach Constitution by Not Ensuring Democratically Elected Local Government CouncilsAt least 15 governors in Nigeria are in breach of Section 7 of the 1999 Constitution, as they have not ensured the existence of democratically elected local government councils in their states. These governors include Benue, Kwara, Cross River, Anambra, Akwa Ibom, Abia, Kogi, Osun, Plateau, Imo, Ondo, Bayelsa, Yobe, Bauchi, and Sokoto. Instead of elected chairmen, these governors have constituted caretaker committees. The Senate has called on the Federal Government to block statutory allocations to any local government council that is not democratically elected.
Read more »
Dispute over relocation of government departments from Abuja to LagosYesterday's call by Senate Whip, Mohammed Ali Ndume (Borno South), on President Bola Tinubu to stop the relocation of some departments of the Central Bank of Nigeria (CBN) and the Federal Airports Authority of Nigeria (FAAN) from Abuja to Lagos, has been disputed by his colleague in the Northern Senators Forum (NSF), Sunday Karimi (Kogi West).
Read more »