Nigeria Economy

NEC Approves N83.21 Billion for National Anti-Flood Task Force, Cuts Proposed Budget by 50%

2026-06-18 Jei Tv News

The National Economic Council (NEC) has approved N83.21 billion for the establishment and operations of a national anti-flood task force aimed at mitigating the impact of flooding and other climate-related disasters across Nigeria. The council reduced the initial budget proposal by 50 percent, emphasizing fiscal responsibility while maintaining a commitment to disaster preparedness and environment

Peter Obi Clarifies Position on Fuel Subsidy Removal, Criticises Implementation Strategy

2026-06-17 Jei Tv News

Former Labour Party presidential candidate Peter Obi has clarified his stance on the removal of fuel subsidy, stating that he supported the policy but disagreed with how it was implemented by the administration of President Bola Tinubu. Obi argued that subsidy removal should have been carried out in a more structured manner alongside anti-corruption measures and broader economic reforms.

IMF: Nigeria’s Economic Reforms Showing Results, But Poverty Levels Remain a Major Concern

2026-06-09 Jei Tv News

The International Monetary Fund (IMF) has acknowledged progress in Nigeria's ongoing economic reforms, noting improvements in macroeconomic stability and policy direction. However, the global financial institution warned that rising poverty remains a serious challenge, with more than 60 percent of Nigerians reportedly living below the poverty line despite recent economic gains.

FG Hails IMF Assessment, Reaffirms Commitment to Economic Reforms and Sustainable Growth

2026-06-09 Jei Tv News

The Federal Government has welcomed the International Monetary Fund's (IMF) assessment of Nigeria's economic reform agenda, describing it as a positive recognition of ongoing efforts to stabilize the economy. Authorities say they remain committed to implementing policies aimed at promoting sustainable growth, attracting investment, and improving the living standards of Nigerians.

Ogun LG Chairman, APC Chieftain Urge Nigerians to Support Efforts to Reduce Poverty

2026-06-07 Jei Tv News

A local government chairman in Ogun State and a prominent APC chieftain have called on Nigerians to embrace selflessness, community support, and grassroots empowerment as part of efforts to combat poverty. They stressed that government interventions alone may not be sufficient, urging citizens to contribute to initiatives that improve livelihoods and strengthen local communities.

NEC Approves N83.21 Billion for National Anti-Flood Task Force, Cuts Proposed Budget by 50%

Peter Obi Clarifies Position on Fuel Subsidy Removal, Criticises Implementation Strategy

IMF: Nigeria’s Economic Reforms Showing Results, But Poverty Levels Remain a Major Concern

FG Hails IMF Assessment, Reaffirms Commitment to Economic Reforms and Sustainable Growth

Ogun LG Chairman, APC Chieftain Urge Nigerians to Support Efforts to Reduce Poverty

VIDEO: Obi Cubana, Ini Edo, Nancy Isime, Others Gather in Abia for Alexx Ekubo’s Burial

NEC Approves N83.21 Billion for National Anti-Flood Task Force, Cuts Proposed Budget by 50%

EFCC Questions Prophet Over Alleged N70.3 Million Fraud Involving Church Members

Chiwetalu Agu Pays Emotional Tribute to Alexx Ekubo, Describes Death as Painful Loss to Nollywood

FG Assures Willing Nigerians of Full Evacuation From South Africa by June 30 Amid Xenophobia Concerns