Business & Education
Food prices and transport fares can be reduced, according to FG and labour.
In recent months, the removal of fuel subsidies has caused a sharp increase in transport fares and food prices across the country. Many Nigerians have found it difficult to cope with the rising cost of living, leading to protests and demands for urgent solutions from the government.
To address these issues, the FG and Labour have worked together to come up with a plan that would help stabilize prices and bring relief to citizens. The agreement covers several areas aimed at tackling the immediate challenges faced by Nigerians.
The government has committed to providing affordable transportation options by introducing mass transit systems. This includes rolling out buses that use compressed natural gas (CNG), which is cheaper than petrol or diesel. These buses will be available in major cities to help lower the cost of commuting for many Nigerians.
The government and Labour have agreed to support farmers with subsidies to encourage more food production. By providing cheaper fertilizers, seeds, and equipment, it is hoped that food prices will gradually come down as the supply of essential items like rice, maize, and vegetables increases.
To ensure that the benefits of these measures reach the people, both parties have agreed to monitor prices in markets. Special committees will be set up to ensure traders and transport operators do not take advantage of the situation to raise prices unnecessarily.
The government also plans to provide additional support for workers, including financial assistance to cushion the effects of the high cost of living. This may include cash transfers, affordable loans, and food relief packages for the most vulnerable.CONTINUE FULL READING>>>>>
Business & Education
Oil marketers intend to lift from the Dangote refinery and modify New Fuel prices across the country.
According to Vanguard, major oil marketers in Nigeria have increased the price of Premium Motor Spirit (PMS), also known as gasoline, from N1,010 to N1,050 per litre. This represents a 4% rise in Lagos and the surrounding areas. Local markets and consumers are under pressure as a result of the continued economic difficulties and changes in the price of oil globally…. CLICK TO READ THE FULL NEWS HERE▶️▶️
On the other hand, independent marketers have adjusted their prices to a range of N1,100 to N1,200 per litre, up from around N1,060, with rates varying by location. The price hikes have sparked concerns among consumers, as many rely on petrol for transportation and daily activities, contributing to rising costs of goods and services.
Due to the deregulated market, petrol prices are not fixed,” leading to “slight price differences among filling stations,” although some stations still have “similar pricing.” This deregulated environment has resulted in increased competition among marketers, but it has also made it challenging for consumers to predict fuel costs.
The Nigerian government has been under pressure to address these price hikes, as they coincide with broader economic difficulties, including inflation and currency devaluation. Analysts warn that if global oil prices continue to rise, further increases in petrol prices could lead to protests and unrest among the populace, who are already grappling with high living costs.
Additionally, the Nigerian National Petroleum Corporation (NNPC) has been closely monitoring the situation, emphasizing the need for transparency and stability in the fuel market. Stakeholders are calling for improved infrastructure and refining capacity to reduce reliance on imported fuel, which could help stabilize prices in the long run.
As the situation evolves, consumers are urged to stay informed about price changes and explore alternative means of transportation to mitigate the impact of rising fuel costs on their daily lives.CLICK TO READ THE FULL NEWS HERE▶️▶️
Business & Education
Kidnapper:This man is powerful, I think he has spiritual power. He’s small but mighty”;According to Adejobi Muyiwa
The Nigerian Police Force’s Public Relations Officer, Adejobi Muyiwa, recently displayed “Small But Mighty,” a suspected kidnapper, Ibrahim Shehu, and described his actions. During a live broadcast by Voice TV Nigeria, Muyiwa said that Shehu, who lives with his family in Kogi State, conducts illegal activities in several other states, such as Kano, Katsina, Niger, and Kaduna. Muyiwa said he thinks Shehu has “spiritual powers” of some kind. The Intelligence Response Team (IRT) was commended by him for their perseverance in capturing Shehu.CONTINUE FULL READING>>>>>
Muyiwa further stated that criminals who believe they are protected by “juju” or “voodoo” powers can never be more powerful than the government. He said no one is beyond the government’s reach, and criminals involved in unlawful activities, regardless of their supernatural protection, will eventually be brought to justice.
In Muyiwa’s words: “This man is very powerful, I think he has some spiritual powers. I want to give kudos to the spiritual operatives of IRT for going after a spiritual criminal to get him for us. It is not easy. So gentlemen of the press, this is Ibrahim Shehu. Unfortunately he is from Kogi State and he is doing evils in Kogi State. This man resides in Kogi with his family but he goes as far as Kano, Katsina, Niger and Kaduna to operate. He is small but mighty. Shehu Ibrahim aka Small But Mighty. This is him, we have gotten him and this is a warning to anyone outside there venturing into criminal activities, no matter how powerful you are, no matter the juju or voodoo you have, you cannot be more powerful than the government. We will surely get you”.CONTINUE FULL READING>>>>>
Business & Education
By December, petrol would sell for N1,500 per liter, according to oil merchants.
According to oil marketers, the price of Premium Motor Spirit (Petrol) in Nigeria is uncertain and hard to forecast. In a Sunday interview with AWARD NOBS, Bill Gillis-Harry, President of the Petroleum Products Retail Outlet Owners Association, or PETROAN, revealed this. In response to rumors that gas prices could reach N1500 per liter by December, Gillis-Harry stated, “Nothing is static.” He claims that because to the deregulation of the oil and gas industry, it is hard to forecast the price of fuel.CONTINUE FULL READING>>>>>
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