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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As the 11th season of Big Brother Naija begins, romantic relationships continue to be a significant draw for viewers. Organizers of BBNaija have highlighted 11 memorable relationships from past seasons, showcasing how some have led to marriage and family, while others created drama and controversy. Notable couples include Gedoni and Khafi, who married and have children after the Pepper Dem season, and Bambam and Teddy A BamTeddy from the Double Wahala season, who also married and started a family. Other relationships featured include Tobi and CeeC Ceebi known for their dramatic dynamic, Neo and Vee from the Lockdown season, and Sheggz and Bella Shella from Level Up, who were a polarizing couple. The list also includes Soma and Angel SomGel, Venita and Adekunle Adenita from the All Stars season, and unique cases like Kellyrae and Kassia DoubleKay who entered the house already married, with Kellyrae eventually winning their season. Real-life couple Chinwe and Zion Zinwe also faced the pressures of the house, while Bright Morgan and Mide, and the love triangle of Isabella, Kayikunmi, and Koyin from Season 10, also made the list. With Season 11 premiering, viewers anticipate new relationships and dramatic storylines.
Senator Fatimat Raji Rasaki, a former First Lady of Lagos State and former senator for Ekiti Central Senatorial District, has congratulated Ekiti State Governor Biodun Oyebanji on the Supreme Court's decision to affirm his election. Rasaki described the verdict as a "victory for democracy, the rule of law, and the collective aspirations of the people of Ekiti State," stating that it concludes all legal disputes over the governorship election. She urged all stakeholders, including political leaders, traditional rulers, and youth groups, to accept the judgment and support the governor for the state's continued growth and prosperity. Oyebanji's victory in the June 20 governorship election had been challenged by Abimbola Olawumi of the African Democratic Congress, but the Election Petition Tribunal and the Court of Appeal both dismissed the petition, decisions upheld by the Supreme Court. Rasaki also commended Oyebanji's "calm disposition, steadfast leadership, and unwavering commitment" throughout the legal process.
The Allied People鈥檚 Movement APM has positioned its presidential candidate, Oyo State Governor Seyi Makinde, as the leading choice for Nigerians seeking new leadership ahead of the 2027 general elections. According to Abubakar Yusuf, APM鈥檚 National Publicity Secretary, Governor Makinde's growing national acceptance reflects a desire for credible and accountable governance. Yusuf stated that the APM's cross-party discussions are yielding positive results, forming a strong opposition alliance to challenge President Bola Ahmed Tinubu and the All Progressives Congress APC in 2027. He highlighted the recent reaffirmation of support from thousands of PDP members and other citizens in Ekiti State for Governor Makinde and collaboration with the APM, while maintaining their PDP identity. Yusuf described this as a significant boost, attributing it to the perceived failures of the current Tinubu-led APC administration. He emphasized the APM's commitment to winning the election, citing Governor Makinde's performance in Oyo State across critical areas like the economy, security, infrastructure, education, healthcare, agriculture, and civil service welfare. Yusuf added that Nigerians are increasingly identifying with the APM due to its dedication to democratic values, accountable governance, security, economic recovery, and sustainable development. He assured that if elected in 2027, the APM would prioritize the safety, prosperity, and welfare of citizens. On July 24, 2026, the Ekiti PDP C