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Akanni @Akanni ha aggiunto una foto in News
2025-11-24 13:25:13

Nigerian Power Firms Reject Government’s Offer to Forfeit Half of ₦5trn Debt

Power generation companies (GenCos) in Nigeria have rejected the Federal Government’s offer to pay only 50% of the N5 trillion debt owed to them. The government wants them to take a “50% haircut”, meaning they must forfeit half of the money permanently. The FG planned to pay N2.4 trillion and cancel the rest, using a new bond program. But the GenCos say: • The...

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Faith02 @Faith02 ha aggiunto una foto in People & Nation
2025-06-11 09:25:05

When Food Eats Your Paycheck: The Harsh Reality for Nigerian Workers

A new report has revealed a sobering truth: about 50% of Nigerian minimum wage earners spend their entire income on food alone.2 This statistic paints a troubling picture of the daily economic struggles faced by millions. With inflation driving up the cost of staples and essentials, food—one of life’s most basic needs—has become a luxury that consumes almost all earnings. At...

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