Are you a fan of Coca cola products? Have you noticed any changes in the taste of any of the products lately? Perhaps you should watch out for a change in the taste of your drink. That, however, is, if the allegation that the Nigerian Bottling Company has questions to answer on the sweetening of…
The Food and Agriculture Organisation (FAO) of the United Nations, has said 64.8 percent of the African population cannot afford a healthy diet. This is contained in a report titled “Healthy diets remain unaffordable for a third of the world’s population.” The world body attributed diet efficiency to purchasing power parity, comprising diversity, adequacy, moderation…
With the measures being taken by the federal government, it is certain that prices of food items will fall very soon. This optimism was shared by the Comptroller-General of the Nigerian Customs Services (NCS), Mr. Bashir Adeniyi in Abuja recently. Adeniyi who was speaking at the Defence Headquarters in Abuja said the move was a…
Following the suspension of tarrifs on imported food items for a period of time, the federal government has also announced tax exemption on some items that are believed to ease the hardship on Nigerians. These include CNG products and pharmaceutical products. These products will not attract value added tax, VAT. The Minister of Finance and…
Civil servants in Nigeria would be the first set of people to be considered for the sale of rice at N40,000 per bag of 50 kg. And that would not be done arbitrarily. Rather, the authorities will use data that will ensure equity in the sale of the food item. This was made known by…
The suspension of duties on imported food items will bring down the cost of food items in the country. Mr. Bashir Adeniyi, Comptroller General, Nigeria Customs Service, said this at a combined news conference by the heads of security agencies and Service Chiefs, convened by the Chief of Defence Staff, Gen. Christopher Musa at the…
The best way for the federal government to solve the food inflation in Nigeria is to prioritise the provision of food at subsidized rate to the people. This was the advice that Alhaji Baba Ngelzerma, National President, Miyetti-Allah Cattle Breeders Association of Nigeria, MACBAN, has for the government. He has, therefore, called on the Federal…
The federal government has announced the establishment of an N200bn Consumer Credit Corporation aimed at funding Nigerians’ credit purchases in the wake of economic hardship. President Bola Tinubu unveiled the plan on Sunday in his ‘State of the Nation’ address after hunger led to a nationwide protest with a major theme: #Endbadgovernance. But Tinubu maintained…
There are fears that the on-going food inflation in Nigeria could be a threat to the projection that the economy of the country may grow at the rate of 3.2% and 3.4% in the 2024/2025. This fear was expressed by the African Development Bank, AfDB at the AfDB launch of the ‘Nigeria Country Focus Report’….
When majority of nigerians go to parties, the food they love to request for is jollof rice. Now, either at home or at such social function, do people bother to ask the question about the cost of a plate of their favourite delicacy? Do you feel like you want to do that right away? That…
