The current high tariff of energy is beginning to have a toll on one of the companies in the country. The Flour Mills of Nigeria Plc said it has spent N22.88 billion on fuel and power expenses in the first half of the year. this, according to the company, represents 136.28 percent increase from N9.68…
There are indications that the initial euphoria over sale of rice at subsidised rate to public servants may have come a little too early. This is because BUSHLINK learnt that the government may have had a rethink on the policy. And that is coming about one week after the announcement that the sale of a…
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…
