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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.

“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.

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“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.

“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.

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“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.

“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.

“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.

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“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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Edo: Suspected Kidnappers Attack Bus Conveying Dangote Cement Workers, Abduct Occupants

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Gunmen suspected to be kidnappers have attacked a bus conveying Dangote Cement workers to Okpella Town in Etsako East Local Government Area of Edo State.

A statement issued by Edo State Police Public Relations Officer, Chidi Nwabuzor, on Tuesday said the suspected kidnappers attacked the bus conveying the workers from the factory to Okpella town and in the process took the passengers into the bush.

According to the statement, alerted by the incident, the “Divisional Police Officer mobilized his Operatives, Vigilantes group, and the Hunters into the forest for a vigorous bush combing operations to rescue the victims unhurt and to arrest the kidnappers.”

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The statement added that “in the process, one Omoba “M” whose other names are unknown was rescued, and at a look, it was discovered that he was with some bullet injuries on the back, shot by the hoodlums. He was immediately rushed to Halimatu Musa Hospital for medical attention.”

“Meanwhile, one other victim who was earlier shot at the point of the attack and another victim one Victor Okon, were rushed to the same hospital for treatment,” he added in the statement.

Nwabuzor in the statement said the Commissioner of Police, Funsho Adegboye, has therefore given “a marching order to the Divisional Police Officer Okpella Division, the Vigilantes group and the Hunters to intensified the bush combing exercise in ensuring a speedy rescue of the remaining victims and to effect the arrest of the kidnappers.”

He said CP gave the “directive during his visit to Dangote Cement Factory Okpella and the Halimatu Musa Hospital, where he met with the injured victims of the kidnap.”

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JUST IN: Confusion As DSS Invades Ogun Court, Arrests Defendants Despite Judge’s Warning

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The men of the Department of State Services have invaded an Ogun State High Court sitting in Ilaro and arrested two defendants despite the judge’s warning.

The court was presided over by Justice AA Shobayo on Tuesday.

The defendants, who were simply identified as Alhaji Isiaka Fatai and Samuel Oyero, were tried in a suit marked HCP/IC/2023 between the State vs Awode Oladosu & 13 others.

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The case was reported to be a result of a crisis that recently broke out in the Agosasa community in the Ipokia Local Government Area of the state over an Obaship tussle which led to the destruction of property worth billions of naira and loss of life.

Meanwhile, when the hearing was ongoing, operatives of the DSS stormed the court premises and took away the suspects.

Confirming the incident to Daily Trust, Counsel to Alhaji Isiaka, Kehinde Bamiwola, in a statement, alleged that men of the DSS operatives used weapons on the two, stressing that “Alhaji Isiaka Fatai was beaten, slapped, man-handled, rough-handled and molested.”

Corroborating Bamiwola’s claim, the Principal Registrar of the High Court and Sectional Head of High Court, Ilaro, Omololu Olusanya, confirmed the incident, describing it as shocking and disrespectful to the rule of law.

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He stressed that even after the judge had ordered the operatives not to make any arrest within the court premises, they still proceeded to arrest the two persons.

“They still went ahead and did the act to the extent that they assaulted one of our staff members, Mrs Fadina, while doing that act. It’s a very sad issue that caused a lot of noise within the court premises.

“It was from the source that we heard they were DSS agents. If anybody sees them, one would think they were armed robbers.

Olusanya further said that their appearance was far from being identified as DSS agents, adding, “They did not wear anything that identified them as DSS, but they came to my lord this morning and said they had some people to arrest. That was when we knew they were DSS officers.

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“They approached the judge before the court session began. The honourable judge advised them that if they wanted to make an arrest, it must not be done within the court premises.

“They could stay outside and do whatever they wanted, but they refused that advice and carried out the arrest within the premises,” he said.

However, when contacted, the spokesman for the DSS, Peter Afunanya, did not answer calls or reply to text messages sent as of the time of filing this report.

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Man Arrested For Invading Plateau Bank With Bomb

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A yet-to-be-identified man has been apprehended for possessing a bomb on the premises of a bank in Dadin Kowa town in the Jos South area of Plateau State.

It was gathered that immediately it was discovered that a bomb was in the suspect’s possession, an alarm was raised, and he was quickly pinned down to avert a tragedy.

According to a post by security analyst Zagazola Makama on X on Tuesday, the vigilante security at the bank prevented the attack when they spotted the suspect.

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Upset by the development, an angry mob descended on the suspect and reportedly demanded that he should be killed.

READ ALSO: Truck Crushes Five-year-old Girl In Lagos

The suspect was later handed over to the police for proper investigation.

A picture attached to Makama’s post showed that the bomb was strapped around the suspect’s belly.

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It is, however, unclear if the suspect had been linked to any terrorist organisation in the country.

Details later…

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