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Akanni
@Akanni
added blog 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
added blog 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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