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Obaseki Takes Steps To Tackle Price Hike In Edo, Meets, Trade Unions, Other Stakeholders

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The Edo State Governor, Mr. Godwin Obaseki, is taking steps to combat the current hike in food prices in the State, urging for the collaboration and support of all stakeholders to proffer lasting solutions to the incessant price surge and guarantee better welfare for the people of the State.

Obaseki met with relevant stakeholders including market associations, traders, and farmers’ unions, among others, at the Urhokpota Hall, in Benin City, to chart actionable measures to address the rising cost of living, particularly food prices in the State.

He said, “I called this meeting because of the cost of living in Nigeria as things are hard, especially the prices of food. The people can’t eat anymore and as an administration, we can’t just keep quiet but to act.”

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Obaseki continued: “We have called this meeting to see how to solve this problem as trading blames will not lead to any solution to the serious challenges we are facing. All problems have solutions, and we are here to discuss and see how to solve this high price hike challenges facing us.

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“You said trade unions are people fixing prices, but I don’t know how they work to achieve that in the market. I want to know how they fix prices. I thought it was demand and supply that controlled the prices.

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“If we say unions are the problem then we must look at the unions and their activities and how to control them. We must set up a committee to check and look at the activities that lead to price hike. The committee will help us know if they are doing anything against the law.”

Obaseki noted, “This meeting shows that bad road has a role to play in price increment in our markets. I have been begging the Federal Government to help repair and fix the Ekpoma/Auchi Road since when Babatunde Fashola was Minister for Works but no results till now. I appeal to them to ensure contractors complete the road which has been on for over 30 years. I have approached Dangote and BUA to support us in doing the bad portion of the road because their trucks ply that route.”

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Speaking on the measures put in place to address the hike in food prices, the Governor stated that his administration will support farmers to expedite efforts towards increased local production of food crops in the State.

The governor also promised to ensure adequate security for farmers to enable them to continue with their farming activities, while also reassuring the farmers that the government will fix their tractors and send them to their various local government councils to help them prepare for the 2024 farming seasons.

Earlier, Solomon Idiogbe, representative of the Edo Civil Society Organization appealed to the governor to help check the activities of Unions across various markets in the State as they significantly contribute to the rising cost of goods and services in Edo.

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Also, Edo State Market Women Association leader, Madam Blackky Ogiamien, commended the Governor for his administration’s commitment to the welfare of Edo citizens, particularly in the area of security.

Also in attendance were: Secretary to Edo State Government, Osarodion Ogie Esq.; Commissioner for Business, Trade and Cooperatives, Hon. Patrick Uanseru; Commissioner for Agriculture and Food Security, Hon. Stephen Idehenre; Commissioner for Public Safety and Security, Hon. Kingsley Uwagbale; Managing Director, Edo State Investment Promotion Office (ESIPO), Mr. Kelvin Uwaibi; Oredo Local Government Council Chairman, Dr. Tom Obaseki; Ovia South West Local Government Council Chairman, Engr. Edosa Enowoghomwenma; amongst others.

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Other critical stakeholders in the food and services value chain present at the meeting include the Tomatoes Sellers Association, the Benin Chamber of Commerce, Hotel owners, Barbing Saloon Association, Building Materials Association, Market Women, Food Stuff and Cattle Dealers Association, Edo branch of the NURTW, Arewa traders and marketers co-operative, amongst others.

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Transfer: Premier League Clubs Scramble For Dele-Bashiru

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Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

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La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

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He has been a regular feature for Lazio this season.

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Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

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The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

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“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

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“This contradiction will no longer be tolerated,” the statement said.

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N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

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First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

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Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

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Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

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Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

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Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

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By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

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Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.

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