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Bauchi Entrepreneurs Decry Impacts Of Fuel Subsidy Removal

Published

11 months ago

June 17, 2023

Editor

Our Correspondent, Bauchi

Entrepreneurs in Bauchi State have decried the adverse impacts of the removal of fuel subsidy on the level of patronage of their products.

The entrepreneurs spoke in separate interviews on Friday in Bauchi.

Mr Ugochuwkwu Daniel, a soft drinks and wine seller, said that the fuel subsidy removal had impacted negatively on his business.

He attributed this to the increase in the price of goods following the hike in transportation fares.

“The cost of transportation is high and there is no way you will go and buy goods with high in the cost of transportation without increasing the price of your goods as well.

“We are suffering from this whole thing right now as people are no longer coming to buy because of the increase in the price of the goods and the high cost of transportation,” he said.

Daniel, who recounted how he used to sell goods worth N100,000 daily before the removal of the fuel subsidy, said he now barely sells up to N50,000 daily.

He called on the Federal Government to urgently roll out palliative measures to cushion the effects of the subsidy removal on the masses.

Similarly, Olayemi Abisayo, a computer centre and Point of Sale (POS) operator, decried low patronage of customers since the removal.

Abisayo, also a beverage seller, who blamed the trend on the high cost of transportation, revealed that he was making up to N30,000 per day, compared to now where he hardly makes up to N10,000.

However, a Poultry owner, Mr Oluwaseun Aremu, had a contrary view saying that he was yet to feel any negative impact of the removal on his business.

Aremu said he was in support of the removal by the Federal Government.

According to him, even though the cost of transportation had increased, he has also increased the price of his products to meet up with the cost of transportation.

“I am in support of the removal of the fuel subsidy but the government should explain more of the benefits to the masses.

“The government should also come up with measures to help the masses who are feeling the hit of the removal most.

“To me, I cannot say I really feel the negative impact but the only impact is increase in transportation fares which I have also incorporated in the price of my products so as not to be running at a loss.

“For instance, before the removal of the fuel subsidy, a crate of eggs was sold at the rate of N1,700 but now I sell it for N2,000 and N2,100 respectively,” he said.

News

JUST IN: Panic As Oyo Demolishes Shops In Popular Ibadan Market

Published

2 hours ago

May 9, 2024

Editor

Panic gripped residents and traders of the popular Ojoo market in the Akinyele Local Government Area of Oyo State as the government demolished scores of shops and kiosks in the area, on Thursday.

The PUNCH gathered that the Ministry of Lands, Housing and Urban Development had served the traders quit notice a long time ago but they refused to move out of the market.

The Chairman of the market, Muhdeen Ganiyu, fondly called Elewedu, however, told our correspondent that the quit notice was too short but the executive members of all the affected markers would meet after the demolition exercise.

“The quit notice was too short. All executive members of all the affected markers will soon meet. So, I cannot say anything for now,” he stated.

When contacted, the Commissioner for Lands, Housing and Urban Development, Williams Akin-Funmilayo, confirmed the ongoing demolition exercise.

He said, “The State Governor, Seyi Makinde, had gone there personally to address them. The government will provide another place. That place is dangerous. And the new place is not far. Just at the front of the Barracks.”

More pictures from the demolition courtesy The PUNCH:

Details later…

News

BREAKING: Reps To Probe Lagos-Calabar Coastal Highway Procurement Process

Published

3 hours ago

May 9, 2024

Editor

The House of Representatives has resolved to investigate the procurement process of the Lagos Calabar coastal highway.

This followed the adoption of a motion of urgent national Importance moved by Austine Achado (APC, Benue) during plenary on Thursday.

Moving the motion, Achado maintained that the contract award did not follow due process and did not get approval from the National Assembly.

However, in its resolution, the House referred the matter to its committees on Procurement and Works.

Details later…

News

Nigerian’s Request To Be Buried Alive For 24 Hours Causes Stir Online [VIDEO]

Published

5 hours ago

May 9, 2024

Editor

A Nigerian man simply identified as Young C caused a stir online on Wednesday, May 8, when he embarked on a challenge to be buried alive in a coffin for 24 hours.

In a post shared on his Instagram page, Young C said he intends to broadcast live footage from the coffin at night.

Sharing a video on his Instagram account, he said

“I am going to be spending the next 24 hours buried in this casket. Guys, this is real, not fake. And the most amazing part is that I am going to go live by night.”

In a subsequent update, Young C revealed that he had been buried for over 8 hours and was experiencing physical discomfort, including excessive sweating.

“Guys, I have been buried alive for over 8 hours now. For those of you who saw my first video, I have been down here. As you can see, my camera is still rolling, and I have my light down there, I am sweating, guys.”

In yet another update, Young C said he has started experiencing heat and that his fear now is for his rechargeable fan not to run out of power. He also showed a container where he has been urinating since he began the challenge.

Watch video below: