Economists advocate cash transfers for vulnerable Nigerians amid rising fuel prices
via Punch Nigeria4 min read
Energy economists are calling for targeted cash transfers to help vulnerable Nigerians cope with increasing fuel prices, a situation exacerbated by global oil market instability. This recommendation comes ahead of the 19th annual international conference of the Nigerian Association for Energy Economics, scheduled for April 26-29, 2026, in Lagos. Professor Adeola Adenikinju, a former president of the association, highlighted that while higher oil prices could boost Nigeria's revenue, they also lead to increased transportation costs and inflation, disproportionately affecting low-income households. He stressed the need for direct intervention but noted the challenge of lacking a reliable database of vulnerable Nigerians. Adenikinju also pointed out that recent allowance increases for civil servants would not benefit many Nigerians in the private and informal sectors, urging federal and state governments to collaborate on broader support mechanisms. Beyond immediate relief, he emphasized structural reforms to strengthen social protection systems. The conference, themed 'Evolution of Energy Mix in Africa: The Role of Technology, Economics and Public Policy', will gather policymakers, regulators, industry leaders, investors, academics, and development partners. Hassan Mahmud, the association's president, stated that the event will address balancing energy security, affordability, and sustainability in Africa, focusing on how emerging technologies, economic frameworks, and public p
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The Kwara State Government, in collaboration with the United Nations Population Fund, has launched a sensitisation campaign to reduce maternal and newborn mortality. The initiative, announced by Saad Hamdalat, Press Secretary of the Kwara State Ministry of Health, emphasizes antenatal care, hospital deliveries, and birth preparedness. Dr. Taoheed Abdullahi, Permanent Secretary of the Ministry of Health, urged pregnant women to register early for antenatal care and attend all scheduled appointments, highlighting that early detection and management of complications are crucial for reducing deaths. Delivery kits were distributed to encourage clinic attendance and skilled birth assistance. Gloria Enueze, UNFPA Focal Person, underscored the vital role of midwives in maternal and child health and noted the benefits of family planning for birth spacing. Hajia Sulyman Ajibola, Head of Department of Health, Ilorin East Local Government Area, advised participants to use the provided delivery kits and sleep under insecticide-treated mosquito nets. This campaign is part of activities commemorating the International Day of the Midwife, observed annually on May 5 to recognize midwives' contributions and advocate for investment in midwifery services.
The Presidency has disassociated itself from claims regarding the appointment of Prince Adeniyi Adeyemi by an organization named the Presidential Foreign Intervention Promotion Council. A State House statement issued on Thursday by the Chief of Staff to the President, Femi Gbajabiamila, clarified that this alleged organization is not recognized by the Federal Government and does not exist under President Bola Tinubu's administration. The statement noted that Prince Adeniyi Adeyemi, operating under the guise of this organization, has been presenting himself to the public as having received an appointment from the Chief of Staff's office. The public is advised that no such office or appointment exists within the current administration. The Chief of Staff urged foreign and diplomatic missions, financial and multilateral institutions, development organizations, security agencies, and the general public to be aware of this disclaimer.
New York City has temporarily renamed streets in honor of football legends Thierry Henry and Pele in anticipation of the World Cup. The tournament, co-hosted by Canada, Mexico, and the United States, begins on Thursday, with the final scheduled for next month at the MetLife Stadium, rebranded as the New York New Jersey Stadium. City officials unveiled "Thierry Henry Way" at West 50th Street and 6th Avenue in downtown Manhattan. Henry, a former Arsenal and Barcelona player and 1998 World Cup winner with France, appeared via video call. He also played five seasons with the New York Red Bulls in Major League Soccer until 2014. Additionally, the intersection of Shea Road and Meridian Road in Queens was renamed after Brazilian legend Pele. These temporary street names will remain in place until November 1.