MAN PREDICTS HIGHER INFLATION IN PRICES OF GOODS, TRANSPORTATION, OTHERS

The Manufacturers Association of Nigeria (MAN) has reacted to the new price of Premium Motor Spirit (PMS), popularly known as petrol, warning of a high possibility of a rise in inflation figures, impacting household budgets. In a statement by its Director-General, Segun Ajayi-Kadir, on Wednesday, the association enumerated the impacts of the petrol price adding…

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FOOD SECURITY: FEDERAL GOVERNMENT, UNITED NATIONS COLLABORATE TO BOOST AGRICULTURAL PRODUCTION 

The Minister of Agriculture and Food Security, Senator Abubakar Kyari, in an appeal during the visit of the United Nations Deputy Secretary-General, Dr Amina Mohammed, to Nigeria recently called for a more robust partnership with the United Nations to achieve sustainable agricultural development and food security. Kyari, who spoke at the partnership meeting emphasised the…

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CONSUMER PROTECTION COMMISSION  CLARIFIES ONE MONTH DEADLINE TO TRADERS ON PRICE REDUCTION 

The Federal Competition and Consumer Protection Commission has dismissed claims that it plans to regulate the prices of food items and other commodities in the Nigerian market. It clarified that its recent directives are solely aimed at curbing exploitative practices and maintaining a competitive marketplace in a statement by its Director, Special Duties and Strategic…

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TAX ON FOOD, TRANSPORTATION, OTHERS TO GO

The chairman of the presidential committee on fiscal policy, Taiwo Oyedele said the committee has proposed the removal of taxes on food, public transportation, and house rents, to ease the financial burdens of Nigerians. Oyedele during an interview with Channels TV in Abuja said the proposal also includes the exemption of value-added tax (VAT) on…

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MINISTRY OF AGRICULTURE PARTNERS BORDER AGENCY TO MONITOR AGRICULTURAL ACTIVITIES AT THE BORDER 

The Federal Ministry of Agriculture and Food Security has expressed readiness to partner with Babanna Border Development Agency (BBDA) to check agricultural activities at the border. Speaking while playing host to the Management of the Agency led by its Director-General, Mohammed Garba Danladi, in Abuja recently, the Minister of State for Agriculture and Food Security,…

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