Business

Business

FG Says 85% of Nigerians retain electricity subsidy despite tariff hike

The Federal Government has clarified that the recent electricity tariff hike only affects a small, wealthy segment of the population. In a statement, Information Minister Mohammed Idris assured that 85% of Nigerians will continue to benefit from electricity subsidies. This clarification comes after the Nigerian Electricity Regulatory Commission (NERC) announced […]

Business

Debunking Economic Myths: Economic prosperity doesn’t always reduce poverty rates

In the realm of economics, the quest for prosperity and the fight against poverty dance together, their steps intricate and intertwined. Yet, in developing economies, this dance often stumbles, with economic growth failing to lead the charge against poverty as expected. Read also: Poverty: 10 African countries with most population living […]