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Exclusive : Economic impact of fuel subsidy in Nigeria  The fuel subsidy in Nigeria has had a significant economic impact on the country. While fuel subsidies are intended to provide relief to consumers by reducing the cost of fuel, they often have unintended consequences and can place a heavy burden on the economy. Here are some key points regarding the economic impact of fuel subsidies in Nigeria: 1. Fiscal burden: Fuel subsidies have placed a considerable strain on Nigeria's finances. The government spends a significant portion of its budget on subsidizing fuel prices, which diverts funds away from critical sectors such as healthcare, education, and infrastructure development. 2. Distorted market prices: Subsidies result in artificially low fuel prices, which can lead to distorted market prices. When fuel is cheaper due to subsidies, there is often an increase in demand, which can strain the supply chain and lead to fuel shortages. 3. Smuggling and fraud: The disparity between f...

FORMER GOVERNOR IKPEAZU DELIGHTED AT THE FINAL APPROVAL OF THE AfDB LOAN FOR ABIA STATE The immediate past Governor of Abia State, Dr Okezie Ikpeazu has expressed deep delight at the final approval given by the Africa Development Bank (AfDB) Infrastructural Loan Facility for Abia State. Few days ago, the Board of Directors of the Bank gave final approval for the sum of 115 Million Dollars to support major infrastructural development projects across the commercial hub of Aba and the capital, Umuahia, together with their environs under the Abia State Integrated Infrastructure Project.  The projects will cover "rehabilitation of roads, erosion control infrastructure and preparation of solid waste management facilities". Former Governor Ikpeazu notes with delight that this approval stamps an indelible imprimatur on the tireless efforts of his administration which spanned almost 7 years of thorough preparations, high level negotiations, consistent shuttles of economic diplomacy, a...

10 Ways to improve your love life Improving your love life is a personal journey that requires self-reflection, effort, and open communication. Here are some suggestions that may help enhance your love life: 1.Self-Reflection: Take the time to understand yourself better. Reflect on your own needs, desires, and values. By knowing yourself, you'll be better equipped to communicate your wants and needs to your partner. 2.Effective Communication: Open and honest communication is crucial in any relationship. Express your feelings, thoughts, and concerns to your partner, and encourage them to do the same. Practice active listening and be empathetic towards each other's perspectives. 3. Quality Time: Spend quality time together, engaging in activities that both of you enjoy. It could be as simple as cooking a meal together, going for walks, or planning special date nights. Regularly carve out time to connect and nurture your bond. 4.Emotional Intimacy: Foster emotional intimacy by sha...

Lagos PoS agents plan N500 fee for N10,000 withdrawal Point of Sale agents in Lagos State will soon begin to charge customers N500 for N10,000 cash withdrawals. This is after the Association of Mobile Money and Bank Agents in Nigeria, Lagos Chapter, announced a new price list for PoS transactions on Channels Television’s Business Morning programme by the Public Relations Officer, Lagos Chapter, Stephen Adeoye on Friday. According to him, the association’s price list is to eradicate price discrepancies in the industry. He said, “Let me tell you the price list, N1000 – N2,400 will be N100 for withdrawal. N3500 to N4000 will be N200; N4,100 to N6,400 will be N300; N6,500 to N7,900 will be N400; N8500 to N10,900 will be N500; N11,000 to N14,000 will be N600; N14,500 to N17, 900 will be N700; N18,000 to N20,000 will N800 for withdrawal. “Like we said, depending on your location, you can also step it down for people depending on the circumstances. But it should not go more than this.” He fur...

Another Nigerian chef, Adeola begins 150-hour cook-a-thon to break Guinness records Adeyeye Adeola, a talented Nigerian chef, has embarked on a remarkable culinary journey to set a new Guinness World Record for the longest cooking marathon (individual). Adeola’s cook-a-thon began on Friday, June 30, 2023, in the Ile-Oluji Local Government Area of Ondo State and is scheduled to conclude on Thursday, July 6, 2023. This is coming after another Nigerian chef, Adeparusi Damilola, also known as Chef Dammy embarked on a 120-hour cook-a-thon in Oye Local Government Area of Ekiti State. Chef Dammy, a 26-year-old student at the Federal University, Oye-Ekiti, aimed to push the boundaries of culinary endurance. It was reported that another Nigerian chef, Hilda Baci, currently holds the Guinness World Record for the longest cooking marathon.   Baci’s record-breaking attempt took place from Thursday, May 11 to Monday, May 15, during which she cooked over 100 pots of food over four days. In an of...