Esther Komolafe

445 Posts
Inflationary crisis and global slowdown in economic growth – driven by the war in Ukraine and the global energy crisis

Inflationary crisis and global slowdown in economic growth – driven by the war in Ukraine and the global energy crisis

The severe inflationary crisis combined with a global slowdown in economic growth – driven in part by the war in Ukraine and the global energy crisis – are causing a striking fall in real monthly wages in many countries. According to a new International Labour Organization (ILO) report, the crisis is reducing the purchasing power of the middle classes and hitting low-income households particularly hard. The Global Wage Report 2022-2023: The Impact of inflation and COVID-19 on wages and purchasing power , estimates that global monthly wages fell in real terms to minus 0.9 per cent in the first half…
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Navy Hands-over Arrested Vessel; MT Morris to NIMASA For Investigation

Navy Hands-over Arrested Vessel; MT Morris to NIMASA For Investigation

Nigerian Navy has handed over a vessel MT Morris, arrested for suspicious illegal activities around the Excravos offshore Waters in Delta state to the management of Nigerian Maritime Administration and Safety Agency, NIMASA for thorough investigation and prosecution. Commander Nigerian Naval Ship, NNS Delta , Commodore Abdulhamid Baba-Inna, who spoke through the Executive Officer,(EO) of the NNS Delta, Captain T.A. Bassey at the brief handover ceremony after inspection of the vessel with NIMASA officials said the Automatic Identification System,AIS , of the vessel was allegedly switched around that region of the water, thus swelling suspicion that it was likely to…
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2023 Presidency: I Will Make Southeast Taiwan of Africa – Tinubu Says In Ebonyi

2023 Presidency: I Will Make Southeast Taiwan of Africa – Tinubu Says In Ebonyi

The Presidential candidate of the All Progressive Congress (APC), Asiwaju Bola Ahmed Tinubu has promised to turn the southeast into the Taiwan of Africa. He noted that the region possesses the human capital to be able to achieve this. He spoke at the Ebonyi State APC presidential rally/governorship campaign flag-off at the Pa Oruta Ngele Township stadium. He said what the southeast needed to achieve this is for government to create enabling environment for businesses to thrive in the region. "Education is the greatest weapon against poverty. We will reform the education sector" Asiwaju Bola Ahmed Tinubu He said his…
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Transportation Minister Sambo decorated with Armed Forces Remembrance Day emblem

Transportation Minister Sambo decorated with Armed Forces Remembrance Day emblem

The Honourable Minister of Transportation, Mu’azu Jaji Sambo today in Abuja was decorated with the emblem of the Armed Forces Remembrance Day Celebration. The decoration took place when Sambo received the Armed Forces Remembrance Day Celebration (AFRDC) committee in his office. The Director-General of Nigerian Maritime Administration and Safety Agency (NIMASA) Bashir Jamoh. Also decorated were management of the Federal Ministry of Transportation. The emblem is in honor of our fallen heroes. The Minister (sixth from right), Bashir Jamoh (third from left), members of the committee and management staff of the ministry. Dr. Bashir Jamoh being decorated
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Nigerians to get 21m jobs on or before 2025 says transportation Minister

Nigerians to get 21m jobs on or before 2025 says transportation Minister

Nigeria targets about 21m jobs by 2025 this was a statement issued recently by the Minister of Transportation Muazu  Jaji Sambo. The minister has said that the Federal Government is determined to create close to 21 million jobs in the transportation sector in order to lift 35 million people out of poverty by 2025. Sambo, announced the 2025 growth plan at the 2022 Ministerial Retreat held recently in Akwa-Ibom State, he said the transportation sector is  setting the stage for achieving the Federal Government’s commitment of lifting 100 million Nigerians out of poverty in 10 years. According to Sambo, infrastructural…
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