Senator Aliyu Wamakko, former governor of Sokoto State and Senator representing Sokoto North Senatorial District is concerned about the reluctance of traders to bring down the prices of commodities that went up following the depreciation of the Naira. He said now that the national currency has regained value against the dollar, the continued high prices…
Governor Babajide Sanwo-Olu of Lagos State has implored residents of the state, and Nigerians in general, to allow the positive effect of naira gain against the dollar show in their business activities by reducing the prices of goods and services in the country. The governor spoke at the combined special prayers organized for President Bola…
To support citizens’ purchasing power, the Lagos State government will on Sunday commence discounted sales of food items such as rice, beans, gari, bread, eggs, tomatoes, and pepper, among others. This will be done across the five divisions of the state, and beneficiaries will enjoy a rebate of 25 percent on every purchase. The state…
Data by the National Bureau of Statistics NBS, on Friday, revealed that food inflation in Nigeria spiked to an all-time high of 37.92 percent in February. The food inflation rate on a year-on-year basis surged by 13.75 percent against the 24.35 percent recorded in February 2023. NBS said the surge in food inflation on a…
. LAUDS NIGERIAN MONETARY POLICY The International Monetary Fund, IMF through its Director of Communications, Julie Kazak has advised the federal government on the importance of reducing the high prices of food, drugs and transportation. The world body said this could be done through the implementation of social protection measures. This is contained on its…
Chairperson: Good afternoon my people, how has it been? Anyway, there is no need to ask questions or pretend about the happenings in the country, the whole thing is glaring for everybody to see, even for a blind. With all these shouts of “We are hungry, that is re -vibrating all over the council, we…
The Minister of Agriculture and Food Security (FMA&FS), Abubakar Kyari, has attributed the smuggling of food from Nigeria to other countries as the major driver of hunger and food scarcity. He also named other causes which include naira redesign and natural disasters. Kyari noted that the food shortage currently experienced in the country is due…
.. LAMENTS HIGH COST OF FOOD ITEMS Worried by unprecedented high cost of food items in the state and obvious lack of interest in agriculture and farming by teachers and students, the Imo State House Of Assembly has cried out to the State Governor, Senator Hope Uzodimma to immediately intervene, by ensuring that Agriculture is…
The federal government is working on the supposition that the current acute food supply in the country, which has heightened the hike in the price of food items, is brought about by the penchant for smuggling of food items by some Nigerians. This was stated by Vice President Kashim Shettima at a conference in Abuja,…
The Southern Nigerian People’s Mandate (SNPM) has blamed the escalating prices of foodstuff in Nigeria on the failure of President Bola Tinubu to show leadership. In a reaction to the food price crisis in the country, the President and secretary of SNPM, Mr. Augustine Chukwudum and Mr. Segun Diya, said in a statement made available…
