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Citizens Groan As Rice Hits N77,000 Per Bag

Published

3 months ago

February 11, 2024

Editor

This is not the best of times for Nigerian families, who have had to adopt bizarre cost-cutting measures to cope with the recent hardship occasioned by the dramatic hike in the prices of goods and services.

Several of them lamented that their income could no longer take care of their daily needs, adding that the prices of staples had almost tripled in the market. Rice, which is arguably one of the commonest consumed staples in the country, has risen to N77,000 per bag.

In December, the National Bureau of Statistics stated that the country’s inflation rate hit a 27-year high as headline inflation rose to 28.9 per cent.

The December headline inflation rate showed an increase of 0.72 percent when compared to the previous month’s rate.

In recent years, food prices have been on the rise across Nigeria. The situation deteriorated due to the impact of government policies such as the removal of subsidy on petrol and the free fall of the naira in the foreign exchange market.

Foodstuffs sellers in major cities, who spoke to The PUNCH, lamented that the cost of a bag of rice had risen almost 200 per cent.

The PUNCH gathered that long grain rice, which used to sell for between N45,000 and N50,000 in November, now costs over N70,000, putting a huge pressure on the consumers.

The unprecedented increase in the prices of commodities has caused nationwide hardship, with residents of some major cities taking to the streets to register their displeasure.

From Kano to Niger, Rivers to and Osun, residents protested the hardship on the streets.

In Niger State, for instance, residents of Suleja took to the street last Wednesday to register their displeasure over the high cost of living in the country.

Wednesday’s protest came two days after a similar protest in Minna, the state capital.

The Organised Labour on Friday insisted on embarking on an industrial action to register its displeasure over the current economic hardship in the country.

Although the Federal Government has ordered the distribution of grains and other items to cushion the effects of the economic crisis across the country, citizens are still grappling with the hike in the prices of commodities.

Lagos residents lament

In Lagos, some residents, who spoke to one of The PUNCH, lamented that the incessant increase in the prices of foodstuffs had strained their finances.

This is as they urged the government to intervene before things got out of hand.

A mother of two, Mrs Mede Orunmade, said this present situation had made life unbearable for her and her family.

Orunmade stated that it was as though the country was at war, adding that the hike in the prices of foodstuffs was continuous.

She said, “It has been a hard time for me and my family. The country hasn’t been in the right position for the past eight months. I have been struggling with my family to clear up our electricity bills. Coupled with the ever-rising price of foodstuffs, I don’t know if I am going to survive.

“I used to operate an online business but it has packed up. There’s no gain on any business in Nigeria like before anymore. I am just striving to survive.

“The surprising thing is that a small carton of noodles is now N7,000 to N7,800. We used to buy it for between N1,900 and N2,000 in the past. It is so shocking that the price of a bag of rice continues to change almost every minute.

“A bag of rice five months ago was around N49,000, but it increased to N68,000. As of yesterday (Thursday), my supplier said it had risen to N70,000. The cheapest thing we used to buy before, garri, is now N2,500 for a paint bucket. It was N800 before.”

Another Lagos resident and father of four, Mr Taiwo Babatunde, said he could no longer afford to feed his family like he used to.

He asked the government to come to her aid, as her suffering was becoming too much.

A housewife simply identified as Wunmi said, “The government needs to come to our aid now as everything is very hard. A bag of beans is now N65,000, which is three times the price it used to be. Also, groundnut oil is now N8,400 for four litres, and a bag of rice is now N70,000.

“This is getting too much. We hope the government will come to help us.”

Further findings by our correspondents revealed that a kilogramme of Semovita, which sold for N800 four months ago, now sells for N1,200.

The price of beans also increased from around N1,500 to N4,200 per tin.

Some women, who spoke to one of our correspondents at the Ibafo Market, Ogun State, lamented the difficulties they were facing in purchasing items from the market with little resources.

A trader, Mrs Bamise Olaiya, said, “The prices of the foodstuffs are just annoying. I came to the market with N8,000 to buy some food items but the prices have changed between last week and now. Just last week, I bought three portions of tomatoes for N1,200 and pepper for N1,000, but today I have spent N4,200 for the same items. Pepper grinding has also increased from N200 to N300.”

Businesses struggling – Traders

Entrepreneurs across various sectors are feeling the pinch as they struggle to navigate through the challenging times.

A skincare consultant, Mr Damilola Olasunkanmi, said the current economic situation had almost put her out of business.

“I don’t get customers like I used to. My customers are cutting down on skincare purchases to prioritise other essentials like food and transportation, and that is affecting sales significantly. Restocking has become a daunting task as costs continue to soar,” he said.

Similarly, a dental therapist managing a private clinic in Iwo, Osun State, Dr Oluwafemi Ogunsakin, noted that the surge in the cost of his services had deterred patients from seeking dental care.

A foodstuffs retailer, Mrs Ore Ilerioluwa, lamented that the increase in prices had continued to threaten the operation of her business.

She said, “I buy foodstuffs from the market wholesale and sell them in a little shop I run at home. But these daily changes in the prices of items are affecting me so much that I find it difficult to buy the items.

“Do you know that three days ago I bought a carton of spaghetti for N13,000, today I was told it was N14,000. Now, when you add to the cost of each one today, by the time you return, the prices will have gone up again.

“So, you will be forced to add more money. A bag of beans is now N120,000, whereas it was N70,000 before. People are going for anything cheap now. Many families are hungry.”

Another foodstuffs seller at the Magboro Market in the Obafemi-Owode Local Government Area, Ogun State, Sukurat Akanni, complained that prices of many items had doubled.

Another trader, Adeola Israel, noted that a bag of brown beans had increased to N62,000, while a paint rubber now costs N6,200.

She lamented that she no longer made as much sales as she used to in the past.

Govt concerned – A’Ibom

The Akwa Ibom State Governor, Umo Eno, said that his administration had concluded plans to establish a bulk purchase agency to regulate prices of foodstuffs and bring them within the reach of the citizens.

The governor announced this on Friday during the Nigerian Unity Conference 2024 tagged, ‘That We May be One’, organised by the 10th Episcopal District, Christian Methodist Episcopal Church, at the Ibom Hall, Uyo.

He said that a bill to establish the agency would soon be sent to the state House of Assembly for legal backing to enable the agency to intervene and stem skyrocketing food prices in the state.

Anambra residents groan

Residents of Anambra State are battling with the soaring costs of food items like rice, beans, garri, palm oil, tomatoes, onions, fruits, and others in the various markets across the state.

When The PUNCH correspondent spoke to residents and marketers in Awka, the state capital, and Onitsha on Saturday, gathered that the high cost of items was attributed to the rise in the value of the dollar, just as the situation dampened the mood of the people and forced them to ration food.

A visit to the Relief Market in Onitsha, and the Eke-Awka Market in Awka, showed that a 50kg bag of foreign rice was sold for N72,000 as against N51,000 a month ago. A full bag of iron beans was sold for N110,000 as against N89,000 a month ago.

PUNCH

News

Minimum Wage: Why We May Not Accept N100,000 – Organised Labour

Published

8 hours ago

May 20, 2024

Editor

The organised labour has told the government to perish any idea of offering N100,000 as the new minimum wage.

The labour has also told the government to be serious with the negotiations on the issue of workers wages, insisting that it used the lowest minimum in arriving at the N615,000 as new minimum wage.

Recall that the organised labour comprising the Nigeria Labour Congress, NLC and the Trade Union Congress of Nigeria, TUC, pulled out of the negotiation meeting last week Wednesday when the government offered N48,000 as the new minimum wage.

However, Chairman of the Tripartite Committee on the National Minimum wage, Alhaji Bukar Goni in a letter to the organized labour for a meeting tomorrow indicated interest that the government will shift ground and asked the organised labour to also shift ground.

Speaking to Vanguard in Abuja, the NLC Head of Information and Public Affairs, Benson Upah, said that the organised labour would honour the invitation tomorrow but he advised the government to be serious.

He said, “Our expectations are that the government should be serious this time around. We expect them to take more seriously the issue of wages of workers.”

On whether labour would accept N100,000 as being insinuated, he said, “Well, it will not be fair and these are the reasons. The first reason is that when we demanded for N615,000, we broke that down. In fact, we used the barest minimum.

“For instance we put accommodation for N40,000, we also use for feeding N500, tell me where you are going to get food for N500 with a family of six. As I said, we used barest estimate but beyond that, government hiked electricity tariff by two hundred and fifty percent after we made our demand and that has introduced new cost and expenses. So if government is serious, it should not be thinking about a hundred thousand naira.

“You know that when you create poor citizens, you create a poorer county.” On his part, a member of the NLC delegation on the Tripartite Committee, Prof Theophilus Ndubuaku, said it would not be kind of the government to offer N100,000.

He said, “I don’t think one hundred thousand naira is a kind of thing we want because it’s far below expectation, we will accept something that can at least keep somebody alive. I don’t think a hundred thousand naira will keep a worker alive in this country a man with a family of six because our computation is based on the size of family.

“So, if they come up with that kind of amount, I don’t think we will appreciate it. In the private sector even artisans are not taking one hundred thousand a month. Whatever we accept we will look what is the income, what are they collecting, what is available to government because if government is collecting one trillion naira, we cannot ask them to pay two trillion.

“We are responsible people but the same government should know that people are suffering they will have to agree with us that there is crisis, that something needs to be done to create wealth, that something needs to be done for Nigeria to be a producing country and not a consuming nation.

“Something needs to be done to reduce the cost of governance. We are supposed to be partners in governance, after all we are the labourers.”

Asked to give reason why labour may not accept one hundred thousand, he said, “If we see that that hundred thousand is affordable, if we see that they can afford more, we will reject it. They have to tell us why they cannot pay N615,000, the onus is on them to tell us why, then we will sit down and say okay you don’t have the money but we will also know why you don’t have the money because Nigeria is a country that is naturally endowed but something is wrong, how do you make sure you get the money so that when we come again in two years time, you won’t tell us the same story?

“What are you doing to create wealth, how are you going to partner with us to create wealth instead of being wasteful, how are you going to partner with us to reduce cost of governance. If a father comes home and says the only money he has is one thousand naira and you know that the father is not wasting the money, you will manage but if it is when the father comes and he is eating food bought from the fast food joint and it cost N10,000 and he gives one thousand to the entire family to go and look for food and cook for themselves, he may be beaten up, the family may refuse it.

“The letter they wrote to us they said that both parties should shift ground, that means they will shift ground and they are expecting us to shift ground but the question is, what ground are they shifting, are they going to shift ground by two naira or two thousand naira to make it N50,000 or are they going to shift ground by N62,000 to make it N100,000 or by N150,000 or N200,000 to make it N300,000 plus.

“The point here is, this thing we are doing is not rocket science, the government should sit down and calculate how much it will cost, what is a befitting wage for an average Nigeria? They should breakdown what they are giving us because even in salaries, you break everything down. So when you break it down, they will tell us whether they are going to put one thousand naira per month for transport and two thousand naira per month for food.

“That N48,000 they are offering, they should have broken it down so if there are certain things they don’t want to make provision for, for instance health, if they say if any worker is sick they person should go and die or they don’t want to make provision for food, let them just put standard things.

“The problem here is that, you asked someone to tighten his belt, you said there is no money but you removed subsidy. Since they removed subsidy, FAAC has been collecting almost three times of what they were collecting before subsidy. That money you are collecting, what are you doing with it?

“You now said you want to build coastal highway when the existing roads to the same location are not passable, you are budgeting trillions of naira, you want to build Lagos-Sokoto brand new Highway, you want to put billions for hajj subsidy, you bought 200 vehicles for Customs and this is somebody that is complaining that naira is having issues but you now want to spend hundreds billions to import Toyota cars for Customs, why can’t you buy made-in Nigeria vehicles?

“This whole thing doesn’t make any meaning, we don’t even understand it. They are behaving as if they have money but they don’t know what to do with it like General Yakubu Gowon said in the 70s. You bought 200 Toyota Jeeps for Customs, it means you really do have the money but you don’t know what to do with it. But one thing you don’t want to do with the money is to feed Nigerians, feed your workers, make your workers comfortable.

“And as you can see, they are not even giving anybody hope. There is no programme for agriculture, government is not declaring emergency on power, food security, transportation.

“So what we are expecting is that, if they tell us they cannot pay N625,000, they should tell us why they cannot pay, this is negotiation. If we have told them to pay N615,000, what we expect government to calculate how many workers that are expected to receive this minimum wage.

“We did our research, you now say each state has this workforce, this is what they are now getting as revenue forget the fact that some of them are not doing anything to increase their IGR. Whatever they are getting now from the money coming from the federal revenue account, the federal government should say, this is the number of workers that we have, this is how much that you are asking, at the end of the day, this is how much we are expected to spend as salary and this is how much we have.

“So, NLC please look at it, we don’t want to spend this percent on salary, we will then sit down and ask, if you don’t want to spend it on salary, you want to spend it by importing vehicles for Customs when you have locally manufactured vehicles that won’t cost capital flight.”

He, however said that if the government comes out with something”relevant “, the organised labour will shift ground as asked.

“We must discuss with them that the figure presented is realistic and based on facts and statistics as the organised labour has done,” he said.

He said, “For provision of food for one person, we put N500 but there is a survey carried out by the National Bureau for Statistics covering all parts of the country, NBS is the custodian of statistics and it came out with that in today Nigeria, the average you can spend for a meal is N900.

“But we went low, we took the minimum. Their average is N900 but we took the minimum of N500, that is you cannot go below the N500. So you can see how realistic we are. So we will insist that government breakdown every item. Food, hospital, accommodation, transportation etc.

“We don’t want anyone to come and say that the NLC and the TUC presented arbitrary figure.”
VANGUARD

News

BREAKING: CBN Withdraws Circular On Cyber Security Levy

Published

9 hours ago

May 19, 2024

Editor

The Central Bank of Nigeria, CBN has withdrawn the circular directing banks and other financial institutions to implement the 0.5 per cent cyber security levy.

The withdrawal of the circular was announced via a statement signed by Haruna Mustafa, Director, Financial Policy and Regulation, Department and Chibuzo Efobi, Director, Payment System Management Department.

The circular stated: “The Central Bank of Nigeria circular dated May 6, 2024 (Ref. PSMD/DIR/PUB/LAB/017/004) on the above subject refers. ‘

“Further to this, please be advised that the above referenced circular is hereby withdrawn.”

News

JUST IN: Tinubu Appoints Spokesperson, Ngelale, As Special Envoy On Climate Action

Published

11 hours ago

May 19, 2024

Editor

President Bola Tinubu has appointed his Special Adviser on Media and Publicity, Mr. Ajuri Ngelale, as Nigeria’s Special Presidential Envoy on Climate Action.

This was as he established a 25-person committee to oversee the country’s green economic initiatives.

“Ngelale will serve in this role as part of a larger Presidential Committee, to be chaired by the President,” the office of the secretary to the government of the federation revealed in a statement signed Sunday by its Director of Information and Public Relations, Segun Imohiosen.

“Ngelale will retain his role as the Official Spokesperson of the President and Special Adviser to the President on Media & Publicity while serving on the committee,” it added.

The statement is titled, ‘President Tinubu establishes a committee to oversee green economic initiatives, appoints Chief Ajuri Ngelale as special envoy on climate action.’

Imohsien said the Presidential Committee on Climate Action and Green Economic Solutions will “coordinate and oversee all policies and programmes on climate action and green economic development.”

“This is to remove the constraints to coordination, foster a whole-of-government approach to climate-action programmes, provide an efficient governance architecture, and ensure that all relevant institutions in the sector are plugged into the President’s vision and are collectively implementing the Renewed Hope Agenda on climate action,” it further explained.

The new committee which has the President as its Chairman also includes the Minister of Environment, Mr. Balarabe Lawal as its Vice-Chairman, and Mr. Ajuri Ngelale as its Secretary/Special Presidential Envoy.

Members are the CEOs of, InfraCorp, Mr. Lazarus Angbazo; National Council on Climate Change, Mr. Salisu Dahiru; Infrastructure Council Regulatory Commission, Mr. Michael Ohiani, Nigeria Investment Promotion Council, Mrs. Aisha Rimi and National Social Investment Fund, Mr. Aminu Umar-Sadiq.

The committee also consists of the CEOs of the National Agency for the Great Green Wall, Mr Yusuf Maina-Bukar, Energy Commission of Nigeria, Mr Abdullahi Mustapha; Rural Electrification Agency, Abba Aliyu; CreditCorp, Uzoma Nwagba, the National Agency for Science and Engineering Infrastructure, Khalil Halilu Member, Solid Minerals Development Fund, Fatima Shinkafi; CBN Deputy Governor (Deputy Governor, Corporate Services Directorate) Mr Bala Bello; UN SE4ALL, Lolade Abiola; Member and an Adviser to the NCCC Adviser, Teni Majekodunmi.

Others are representatives of the Federal Ministries of FCT, Finance, Industry, Trade & Investment, Water Resources, and Agriculture & Food Security.

The committee also consists of representatives from the Federal Inland Revenue Service and the Nigeria Customs Service.

The OSGF outlined eight objectives of the Presidential Committee. They are to:

“Identify, develop, and implement innovative non-oil & non-gas climate action initiatives.

“Coordinate all activities of relevant federal institutions towards the attainment of all agreed climate action and green economic objectives and non-oil/non-gas ambitions of the federal government.

“Collaborate with all relevant government, subnational governments, non-government, and civil society entities towards the attainment of the climate action objectives and ambitions of the federal government.

“Collaborate with national governments and multilateral institutions towards the attainment of the climate action objectives and carbon market ambitions of the federal government.

“Monitor, evaluate, and guide the progress of all climate action and renewable energy projects and activities of the federal government.

“Track and guide the implementation of initiatives and developments conducted by the Energy Transition Working Group.

“Supervise the work of the Presidential Steering Committee on Project Evergreen and

“Prepare a half-yearly green ambitions update, covering all associated climate action achievements of the federal government.”