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INFLATION: Food prices Soaring, NBS confirms Masses’ anxiety to FG



Cooking Gas Price Increases By 86.62% in One Year – NBS

The Federal Government may finally agree that the masses are actually suffering as the National Bureau of Statistics (NBS), acknowledges that prices of food items in the market have truly soared, particularly in May.

The NBS gave its acknowledgment in a Selected Food Prices Watch Report for May, released in Abuja on Wednesday.

Also read: Average price of 5kg cooking gas increases to N3,921.35 – NBS

It noted that the average price of 1kg of white beans rose on a year-on-year basis by 37.22 per cent from N382.37 in May 2021 to N524.70 in May 2022.

“Also, on a month-on-month basis, this increased by 1.09 per cent from N519.05 in April to N524.70 in May, it stated.

The report also showed that the average price of 1kg of a yam tuber increased on a year-on-year basis by 37.87 per cent from N269.98 in May 2021 to N372.23 in May 2022.

It stated that on a month-on-month basis, the average price of yam increased by 3.05 per cent in May 2022, compared to what was obtained in April.

Similarly, the average price of 2kg pre-packed wheat flour rose by 34.92 per cent on a year-on-year basis from the value recorded in May 2021 at N785.87 to N1,060.26 in May 2022.

“On a month-on-month basis, it increased from N1,047.74 in April to N1,060.26 in May 2022 indicating a 1.20 per cent rise,’’ it stated.

The report showed that the average price of a bottle of palm oil increased by 42.81 per cent from N593.36 in May 2021 to N847.39 in May 2022.

It also rose by 0.55 per cent on a month-on-month basis between APRIL and May.

The report showed that the average price of 1kg of boneless beef rose by 34.11 per cent on a year-on-year basis from N1,513.43 in May 2021 to N 2,029.59 in May 2022.

It added that the average price of one bottle of groundnut oil stood at N1,040.88 in May 2022, showing an increase of 47.99 per cent compared to N703.36 in May 2021.

“On a month-on-month basis, it rose by 3.29 per cent from N1,007.68 in April 2022,’’ the NBS stated.

At the state level, the report showed that Ebonyi recorded the highest average price of white beans at N899.79 for 1kg, while the lowest was reported in Borno at N262.79.

The NBS stated that the highest average price of 1kg of a yam tuber was recorded in Akwa-Ibom at N804.45, while the lowest was recorded in Bauchi at N134.17.

The report showed that Abia recorded the highest price of 2kg pre-packaged wheat flour at N1,393, while Yobe recorded the lowest price at N755.03.

Analysis by zones showed that the Southeast recorded the highest average price of brown beans at N834.93 per kilogramme.

This was followed by the Southwest at N579.06 per kilogramme, while the Northeast recorded the least with N295.20.

“Similarly, the Southwest recorded the highest price of average yam tuber at N535.27, followed by the South-South with N450.12, while the lowest was recorded in the Northeast at N141.10.

The report showed the average price of 2kg pre-packaged wheat flour was higher in the Southeast and the South-West at N1,332.34 and N1,116.38, respectively.

“The lowest price for pre-packaged wheat flour was recorded in the Northeast at N810.23,’’ the NBS stated.

The report was however silent on the fact that there had not been any price increase, during the period under review.



NOSDRA, Stakeholders Set To Tackle Oil Spillage – Emir of Keffi



The National Oil Spill Detection and Response Agency (NOSDRA), has called on stakeholders in the petroleum industry to ensure the prevention of oil spillages in Nigeria.

The Emir of Keffi, Dr Shehu Yamusa III, who is the Chairman of, Governing Board, NOSDRA, made the call at a stakeholders’ meeting with oil companies in Nigeria on Thursday in Abuja.

Yamusa said that operators in the petroleum sector shared a common goal of ensuring an effective response to oil spills and sustainable management of the Nigerian environment for national development.

The Chairman was represented at the occasion by Mr. Idris Musa, the Director-General of, the National Oil Spill Detection and Response Agency (NOSDRA).

He added that the occurrence of oil spillage could be prevented through compliance with extant laws, regulations and guidelines on environmental management in the petroleum industry.

Yamusa, however, said that stakeholders would discuss action plans for the management of oil spills in 2023 with an emphasis on reviewing regulatory procedures regarding oil spill reporting.

Others, he said, included the conduct of Joint Investigation Visits (JIV), Clean-Up and remediation of oil spill-impacted sites, as well as the conduct of Post Spill Impact Assessment (PSIA), among others.

“The transparent conduct of these processes is very important, not just for the integrity and credibility of NOSDRA, but also for sustainable environment management, fair, just and amicable resolution of disputes that may arise therefrom.

Dr Shehu Yamusa III,

“The vision statement of the National Oil Spill Detection and Response Agency is to create, nurture and sustain a zero tolerance for oil spill incidents.

“This can only be achieved if players in the industry take measures to prevent oil spillages through compliance with extant laws, regulations, and guidelines on environmental management in the petroleum industry,” he said.

In a remark, the Director-General, of NOSDRA, Mr. Idris Musa, said that oil spill management “is of paramount importance to the agency and other stakeholders in the oil sector.

”We are actually aware of the devastating impacts that oil spills have on ecosystems, wildlife, local economies, the well-being and livelihoods of host communities.

“It is a collective responsibility that we must shoulder together, as stakeholders representing various sectors to tackle this pressing issue head-on and work towards effective and efficient solutions,” he said.

Meanwhile, Musa, while speaking to journalists at the event, said the agency had made an impact in cleaning oil spills in oil-producing areas through the Clean-Up and remediation of oil spill-impacted sites.

“As of today, I can tell you that NOSDRA as an agency, has certified about 40 cleaned-up impacted sites in Ogoni land and there are almost the same number in progress at different levels of operations.

“None is less than 50 percent completed. In another few months, we will be recording about 70 to 80 percent clean-up sites in Ogoni land,” he said.

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Subsidy Strike: NLC Condemns National Industrial Court Ruling As FG Secures Injunction 



NLC mobilizes workers for industrial action in Rivers

The Nigeria Labour Congress (NLC) has rejected the ruling of the National Industrial Court (NIC) of favouring the Federal Government against the interest of the masses and workers in the country.

Mr Joe Ajaero, NLC President said this in a communique jointly signed with Mr Emmanuel Ugboaja, General Secretary of the Congress at the end of an emergency National Executive Council (NEC) meeting on Tuesday in Abuja.

It said that the NEC meeting was called to discuss the outcome of the dialogue between the NLC and the Federal Government on the petroleum product price hike.

The NLC had on June 3 ordered a nationwide strike that was supposed to commence on June 7 over the hike in fuel price.

It would also be recalled that the federal government had procured a Court injunction restraining Congress from proceeding with the proposed nationwide strike.

The NLC said NEC in session resolved that there was need to show government that it was important to comply with laid down laws and court rulings.

“Especially as it concerns obedience to the rulings of the Courts and their brazen disregard to the 2023 Appropriation Act.

“To therefore support and accept the decision of the leadership of Congress to suspend the proposed strike action in compliance with the flawed rulings of the NIC.

“Also to allow negotiations to flow freely and enable final agreement during or after the 19th June, 2023, negotiation round with the federal government.

“To however register in strongest terms its disgust and disapproval with the ruling of the NIC for its continuous weaponisation of the instrument of Exparte injunction in favour of government.

“That is against the interests of Nigerian workers in defiance of the position of the Supreme Court on the use of this instrument,” it said.

Congress further stated that all Affiliates and State Councils of Congress are hereby directed to suspend further action and mobilisation until the outcome of the final negotiations.

The communiqué commended all Affiliates and State Councils on their robust mobilaaisation towards a successful nationwide strike and to also remain vigilant in case there is a need to continue.

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Fuel Subsidy: Obaseki Reduces Edo Workers’ Days To 3



Benin River Port Will Enhance Economic Diversification- Obaseki

Hikes Minimum Wage To N40,000***

Godwin Obaseki of Edo on Tuesday reduced the number of work days that civil and public servants would have to commute to their workplaces from five days to three days a week, amongst other measures.

In a statement made available to newsmen in Benin, Obaseki said the measure was part of efforts to ameliorate the sufferings currently faced by the people in the wake of the rise in prices of goods and services occasioned by the fuel subsidy removal.

“In the wake of fuel subsidy removal by the Federal Government, fuel prices have increased astronomically, leading to a rise in prices of goods and services and overall cost of living.

“The Edo State Government shares the pains of our people and wants to assure everyone that we are standing with them in these very challenging times.

“We want to reassure our people that we will do all within our powers as a sub-national government to reduce the pains and ameliorate the sufferings our people are currently facing due to the current realities.

“As a proactive government, we have since taken the step to increase the minimum wage paid to workers in Edo State from the approved N30,000 to N40,000.

“We hope to increase it even further if more allocation accrues to our state from the Federal Government in view of the expected savings from the removal of the fuel subsidy,” the governor said.

According to him, we know the hardship that has been caused by this policy which has increased the cost of transportation, eating deep into the wages of workers in the state.

465 returned migrants to benefit from IOM intervention project in Edo
*Gov. Godwin Obaseki of Edo

“Therefore, the Edo State Government is hereby reducing the number of work days that civil and public servants will have to commute to their workplaces from five days to three days a week till further notice.

“Workers will now work from home two days every week.

“Similarly, for teachers and parents, their commuting to school will be reduced as government is working on deepening the EdoBEST@Home initiative.

“To create more virtual classrooms, thereby, reducing the cost of commuting on parents, teachers and pupils.

“The Edo SUBEB will provide details on this initiative in the coming days,’’ Obaseki said.

He said that to lower the rising cost of energy on the people, the state government would continue to work with the electricity companies in the state to improve power supply to homes and businesses.

“Similarly, fiber optics connections are b4eing made available to help our people work remotely, thereby reducing their cost of transportation,” he said.

Obaseki called on all to remain calm and go about their daily businesses lawfully while government intensified effort to alleviate the burden of fuel price.

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