As of May 2025, the Nigeria Rent Support Scheme is offering crucial assistance for tenants in Lagos and Abuja who are struggling to meet their rent obligations. Designed to bridge the housing affordability gap, this initiative provides low-interest loans and grants to eligible applicants, aiming to foster housing security in the nation’s busiest urban centers. … Read more
In May 2025, Nigeria witnessed another significant electricity tariff adjustment, marking a strategic shift in the nation’s energy policy. The Nigerian Electricity Regulatory Commission (NERC) approved new rates that aim to reflect actual supply costs, improve service quality, and attract investment into the sector. However, this has raised concerns among citizens facing already challenging economic … Read more
The removal of fuel subsidies in Nigeria, officially executed in mid-2023, continues to shape the economic landscape in May 2025. Initially met with heavy backlash and hardship, the federal government has since shifted focus toward implementing structured relief programs designed to cushion the impact on Nigerian households. Here’s a closer look at the actual measures … Read more
In response to rising food prices and economic pressures, the Nigerian government has introduced a new food subsidy program starting May 2025. This initiative aims to provide monthly support packages of rice and essential staples to low- and middle-income households across the country. It is part of broader efforts to improve food security and reduce … Read more
In response to persistent economic pressures and rising inflation, the Nigerian Federal Government has introduced a comprehensive set of Cost of Living Relief Packages effective June 2025. With many households still feeling the effects of 2024’s economic turbulence, these initiatives aim to ease financial burdens, enhance food security, and stimulate small businesses across the country. … Read more