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Let Your Prices Reflect Naira’s Improvement, CNG Tells Business Owners

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The Coalition of Northern Groups, CNG, has asked business owners to reflect the naira’s improvement against the dollar on the prices of the products they market.

A statement by the National Coordinator, CNG, Comrade Jamilu Aliyu Charanchi, expressed support for genuine efforts to strengthen and stabilize the naira and bring back its value against the dollar.

However, the Group lamented over the reluctance of businesses to review their prices and adjust accordingly.

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They said, “The CNG acknowledges some appreciable commitment to addressing economic challenges resulting from the naira’s instability against the dollar, which negatively impacted Nigerians’ purchasing power.

“However, the CNG expresses disappointment over the reluctance of businesses to reflect the current improvement in the naira by adjusting their prices, similar to how they did when the naira was floated.

“We are saddened to admit that despite sustained gains by the naira, including in the black market, exorbitant prices of goods and services remain prevalent across Nigeria.

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“The CNG is deeply concerned about the current skyrocketing prices, which evidently expose some businesses as sworn enemies of Nigeria and Nigerians, despite claims for the contrary.

“The CNG emphasizes that businesses must take positive steps to reciprocate the naira’s stability by lowering the price of their products for the benefit of the common man. Failure to do so may constitute deliberate economic sabotage and exploitative tendencies against Nigerians.

“Businesses in Nigeria have moral and economic obligations to contribute to the overall well-being of Nigerians, which includes lowering prices to allow citizens to fully benefit from the strengthened naira.

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“The CNG calls upon these businesses to reconsider their pricing strategies that are inimical to stabilizing the economy to alleviate the pangs of hunger and financial burdens faced by many Nigerians and

“Although profit is essential for any business, it should not come at the expense of Nigerians’ rights and privileges, which businesses must respect to enjoy a friendly business environment.

“The CNG believes that businesses should support initiatives aimed at controlling inflation and supporting consumers in line with best ethical business practices that encourage shared prosperity for all and sundry.

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“Business entities must note that neither the country nor their businesses can achieve a sustainable growth and development when Nigerian masses continue to wallow in hunger and starvation.

“While the government has made strides in stabilizing and strengthening the naira, prices of goods and services have remained unchanged after their hikes due to a weaker naira.

“Hence, businesses must support efforts to stabilize the economy and recalibrate new prices in tandem with the current realities in the interest of all.

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“The CNG calls on all stakeholders, including businesses, to take necessary actions that align with the greater interest of Nigerians for a stable economy that provides food for the downtrodden while allowing businesses decent returns on their investments.”

While we specifically acknowledge the efforts of the Office of National Security Adviser (NSA), Central Bank of Nigeria (CBN), and other relevant agencies in achieving this milestone, the CNG stresses that efforts should be sustained until a dollar is brought below ₦1000 for Nigerians to cope with the current economic challenges.

“Furthermore, the government, through the instruments of NSA and CBN, must continue in their efforts to maintain this momentum and implement further measures that will enhance the lives and livelihoods of all Nigerians without fear or favour.

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“We at the CNG, suggests that government’s commitment to improving economic conditions should be matched with closer surveillance of major business conglomerates engaging in ethically abhorrent business practices that stifle economic mobility of the majority of Nigerians.

“The CNG, therefore, remains committed to advocating for the welfare of northern Nigerians and encourages all businesses in Nigeria, especially those in the north, to engage in responsible and transparent business practices.”

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Shatta Wale Bailed Burna Boy From Ghana Prison After Arrest For Smoking Weed – Captan

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Ghanian singer, Captan, has claimed that his former record label boss, Shatta Wale, once bailed Nigerian singer Burna Boy out of prison in Ghana after he was allegedly arrested for smoking weed.

Speaking in a recent podcast interview, Captan claimed that Shatta Wale sent him and others to free Burna Boy from police custody.

He also claimed that Shatta Wale and his group once accommodated Burna Boy when he was being hunted by some dangerous men.

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READ ALSO: Wale Edun Opens Up After Sack

Captan said, “I once bailed Burna Boy out of prison in Ghana when he was arrested for smoking weed. Shatta Wale sent me and some guys to go and free him from police custody.

“There was a time we also accommodated him when some people were after his life. We helped him settle the case.”

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He added that he and Burna Boy are no longer in good terms after the Nigerian artist’s fallout with his mentor, Shatta Wale.

He, however, said he and Shatta Wale are open to reconciling with Burna Boy if he asks for it.

Watch the video here

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Children’s Day: Chaos At Ogbe Stadium As Dozens Faint

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Chaos erupted on Wednesday during the Children’s Day celebration as dozens of students reportedly collapsed following a stampede triggered by the use of pepper spray.

The event,
organised by the Edo State Ministry of Education at the Samuel Ogbemudia Stadium was disrupted after some male students of Ihogbe College allegedly made uncompromising advances towards female students at the venue.

‎ A parent who identified himself as Oboh Emmanuel said, “the behaviour of those uncultured students attracted the attention of bouncers stationed at the stadium as they rebuked the male students.”

‎Oboh said the affected students later regrouped and attacked the bouncers, leading to a confrontation within the crowded arena.

READ ALSO:Children’s Day: Edo Commits To Child Protection

It was gathered that in the ensuing confusion, the bouncers were reported to have deployed pepper spray in an area occupied by a large number of students.

‎Several students, particularly female students, reportedly fainted after inhaling the substance, while others sustained injuries after being stepped on during the ensuing melee.

‎The panic was said to have spread across the stadium as students, teachers and parents scampered for safety.

‎Many of the affected students were reportedly rushed to the Edo Specialist Hospital for medical attention.

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READ ALSO: Egor LG Chair, Ogbemudia, Vice, Osawe Impeached

Reacting to the incident, Chief Press Secretary to Governor Monday Okpebholo, Dr Patrick Ebojele, said the security personnel that fired the tear gas had been detained.

He said all the students, except two, that were rushed to the hospital have been discharged.

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Ebojele stated that doctors wanted to observe the students till tomorrow before allowing them to go home.

The two students are not seriously injured. Doctors want to observe them overnight. Permanent Secretary, Ministry of Education is still at the hospital. The man who used pepper spray has been detained.

“The incident did not happen the way it is being exaggerated. All modalities were put in place to ensure the children enjoyed their day.”

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Okpebholo Salutes Edo Muslims, Seeks Continued Support, Prayers

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Governor Monday Okpebholo of Edo State has urged Muslims and all Nigerians to continue to pray for peace, unity and progress in the country even as they celebrate the annual Eid-al-Adha

The governor, who was represented by his deputy, Dennis Idahosa, stated this during the annual Eid-al-Adha celebration with Muslim faithfuls held at Government House in Benin City.

He reiterated his administration’s commitment to fairness, inclusivity and equal opportunities for all citizens irrespective of religion and tribe.

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READ ALSO:ADC Penetrates Okpebholo’s District As Defections Strengthen Party in Edo Central

According to him, the present administration remains determined to building a government that reflects the diversity of Edo State, noting that competent and qualified Muslims have continued to play vital roles in his government because of their capacity, integrity and commitment to service.

“As a government, we remain committed to fairness, inclusivity and equal opportunity for every Edo citizen, irrespective of religion, ethnicity or political affiliation. This is why quality and competent Muslims are serving in key positions in our administration.”

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Okpebholo appreciated the Muslim community in Edo State for their unwavering support and continuous prayers for his administration, noting that such prayers and support have contributed immensely to the peace and steady development being witnessed across the state.

READ ALSO:Okpebholo Felicitates Muslims On Eid-el-Fitr Celebration

He then called on all Nigerians to use the occasion of Eid-al-Adha to pray for the administration of President Bola Ahmed Tinubu, stressing that the country needs collective prayers, unity and cooperation to overcome its present economic and security challenges.

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I urge all Muslims and indeed all Nigerians to use this occasion to pray for our dear nation and for the administration of President Bola Ahmed Tinubu. Nigeria needs our collective prayers, unity and support as we strive to overcome our challenges and build a more prosperous future for all.”

In his remarks, the Chief Imam of Edo State, Abdulfatai Enabulele, applauded the governor for what he described as remarkable developmental strides recorded in less than two years in office.

The cleric commended the administration for ongoing infrastructural development and efforts geared towards improving governance in the state, but appealed to the government to revisit and complete some abandoned projects inherited from the previous administration for the benefit of the people.

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