epainos: The attitude of the president is not helping in this matter. Furthermore, his drug industry credentials have brought national shame. These Americans don't respect him a bit. Unfortunately for him, the seeds of the likes of Buhari, ElRufai, Sultan of Sokoto, Akintola of Muric, etc have grown into solid trees that the US is now ready to uproot the trees during this unfortunate presidents time. Perhaps if Osinbajo was the president, things could have another outlook. And maybe God just saved him.from this embarrassment by making Tinubu so desperate to snatch everything with thugs and money. Who knows?
Look. The now President 'Bola Tinubu worked as a technocrat rising to the senior position of a Treasurer with Mobil Oil Nigeria (now ExxonMobil) was NEVER involved in any so-called drug industry neither does he have any drug credentials like you stated here. As of 1993 due to tax payment backlog issues, Bola Tinubu's 8 U.S. bank accounts were frozen which he contested in court. As a result of the subsequent forfeiture for tax backlogs, 460,000 USD was deducted out of the total 1.8 million USD in his 8 checking accounts, leaving the balance in his bank account. Back in 2002, the then Legal Attache of the U.S. Embassy in Lagos State, Michael Bonner, CLEARLY stated in his official documented response from the U.S. Embassy to Police investigators that 'Bola Ahmed Tinubu has NEVER had any criminal conviction in the United States based off of the FACT that his name is NOT listed in the Federal Bureau of Investigations (FBI) Central Database of ALL arrested and convicted felons in the entire history of the United States.
You can accuse that man called Bola Tinubu of any other thing such as being seemingly aloof, BUT even the United States of America respects 'Bola Tinubu in the sense that during the Pro-democracy struggle back in the the pro-democracy folks based in the United States actively worked with the U.S. Government to get those highly corrupt military boys out and usher in the democratic order in 1999. The fact that Donald Trump was "very careless" in his comments about the goings on over there in Nigeria (which has ALSO been condemned by senior American analysts who understand advanced global geopolitical dynamics) thereby leading to the sightings of foreign Fula militia bandits fleeing on many motorbikes from Adamawa in Nigeria right into the Fula-speaking part of Northern Cameroon, doesn't mean that the U.S Goverment has no regard for him.
Hausa To Tinubu: Do Everything You Can To Stay Away From Fula Leaders
DaddyJapan: Ondo State’s $50 Billion Refinery Deal: Promise, Peril, and the Pitfalls of Unverified Ambition
Ondo State’s $50 Billion Refinery Deal: Promise, Peril, and the Pitfalls of Unverified Ambition
By Kunle Odusola-Stevenson, Lagos
When Governor Lucky Aiyedatiwa announced the $50 billion Sunshine Infrastructure Joint Venture (JV) on November 5, 2025, Ondo State was projected to become Nigeria’s next industrial powerhouse. The plan — a 500,000-barrels-per-day refinery and a 1,471-hectare Free Trade Zone in Ilaje — was hailed as a turning point for job creation, investment, and energy independence.
The consortium, featuring Backbone Infrastructure Nigeria Limited (BINL), MJ Care Investment Finance, China Harbour, and Honeywell OUP, claimed to be backed by NEFEX Holdings Limited (Canada) through its Nigerian subsidiary, Nefex Petro Line Ltd.
But a deeper interrogation of the deal using a structured risk framework raises fundamental questions about its credibility. New corporate filings in the United Kingdom, linked to the same individuals behind NEFEX, now cast additional doubt on the substance of this multi-billion-dollar narrative.
Corporate and Legal Fragility
At the core of the deal is NEFEX Holdings, a company incorporated in February 2025 barely nine months before the announcement. The firm has no operational history, no audited accounts, and no verifiable track record in infrastructure or energy development. Yet, by July 2025, it was already signing a Memorandum of Understanding (MoU) with Ondo State, claiming to have “secured” tens of billions in funding.
The story took another twist when records from Companies House UK revealed the incorporation of Supreme International Monetary and Credit Organization Limited (Company No. 16716243), registered in London on 15 September 2025, with just £100 in share capital. Its directors Dr. Navid Zaheri (Omani), Mr. Farhad Salehi (Canadian), Mr. Eghbal Kord Jamshidi, and Mr. Saeed Zaheri are the same individuals identified in the NEFEX structure.
Dr. Zaheri, listed as both Chairperson and Person with Significant Control (PSC), holds 95% of shares and over 75% of voting rights. The company’s address 20–22 Wenlock Road, London N1 7GU is a well-known shared virtual office used by hundreds of newly formed entities.
With no operational base, employees, or financial statements, the pattern is unmistakable: a network of thinly capitalised, multi-jurisdictional companies designed to appear global, yet offering little substance.
Cross-Border and Transparency Gaps
The Sunshine JV spans four regulatory jurisdictions Nigeria, Canada, Oman, and the United Kingdom yet none provide a transparent financial trail. NEFEX lists a Canadian registration, operates via a Swiss phone line, and is directed primarily by Omani nationals. Its supposed UK affiliate, Supreme International Monetary and Credit Organization Ltd, claims expertise in credit, investment, and advisory services, but offers no evidence of operational activity.
Such opacity creates severe cross-border enforcement risks. Should disputes or defaults occur, the Nigerian government or Ondo State taxpayers would face a legal maze with little practical recourse. Despite promises of “transparency,” no escrow accounts, proof of funds, or letters of credit have been presented publicly.
People and Reputation Risks
The leadership of the consortium adds more symbolism than substance.
Ken Nnamani, former Senate President and JV Chairman, lends political stature but no technical experience in energy or project finance.
Henry Owonka, the JV’s Managing Director, projects confidence and claims “consistent engagement” with ONDIPA, but no record of previous infrastructure delivery exists.
Wale Adekola of BINL touts NEFEX’s “global financing network,” yet no major financial institution or regulator has publicly endorsed the arrangement.
Online discourse around the project from Tribune Online, Leadership, and New Telegraph has largely replicated government press releases without independent scrutiny, reinforcing the perception of a media-driven announcement rather than a bankable transaction.
Financial Implausibility
The numbers alone raise eyebrows. A $50 billion investment claim — equivalent to Nigeria’s entire federal budget — from an entity less than a year old, without bank references or audited accounts, strains credulity.
Project valuations have shifted repeatedly: from $15 billion to $30 billion, and now to $50 billion, justified vaguely as including “community programmes.” Such valuation inflation suggests an effort to boost optics rather than disclose actual financing.
Moreover, NEFEX and its UK counterpart list a combined share capital of only £100, offering no evidence of credit lines, guarantees, or institutional backers. Even their promised Corporate Social Responsibility (CSR) pledges youth empowerment, healthcare, and skills development lack any contractual or financial commitments.
Regulatory and Compliance Exposure
While neither NEFEX nor its UK affiliate appears on sanctions lists, both structures raise classic AML (Anti-Money Laundering) and PEP (Politically Exposed Persons) red flags cross-border ownership, rapid incorporation, and political association.
Environmental, local content, and host community requirements including EIA, NCDMB clearance, and community consent remain conspicuously absent. While the Olugbo of Ugbo Kingdom has reportedly been briefed, there is no public evidence of a signed agreement ensuring local benefit-sharing or environmental protection.
A Mirror of Nigeria’s Investment Dilemma
The Ondo refinery deal reflects Nigeria’s ongoing development paradox: a nation eager for transformative capital yet chronically vulnerable to speculative partnerships. Subnational governments, often excluded from federal funding pipelines, have grown dependent on MoU diplomacy signing ambitious deals that seldom mature into tangible assets.
Governor Aiyedatiwa’s intent to industrialise Ondo is commendable. However, development cannot be built on press releases and ceremonial signings. True progress requires certified funding proofs, phased milestones, third-party audits, and transparent accountability mechanisms.
Still, the initiative demonstrates a growing assertiveness of Nigerian states seeking economic autonomy. If properly managed, Ondo’s ambition could inspire a more competitive subnational investment culture. But ambition must be grounded in verification, not spectacle.
Conclusion: Between Vision and Verification
The Ondo refinery project stands at a crossroads between vision and verification. On paper, it promises thousands of jobs, exports, and industrial rebirth. In reality, it rests on the untested foundations of recently incorporated entities with no proven financial capacity.
The discovery of Supreme International Monetary and Credit Organization Ltd in London tied directly to NEFEX directors deepens concerns about the authenticity of the claimed funding.
Before a single spade of sand is turned, Ondo State must demand:
• Certified funding documentation and escrow validation,
• Independent verification by reputable financial auditors, and
• Public disclosure of beneficial ownership and governance structures.
Economic transformation is not achieved by rhetoric it is earned through verifiable execution. If the Sunshine State truly seeks to illuminate Nigeria’s path, it must do so not with billion-dollar headlines, but with evidence-based investment and accountable governance.
Only then will Ondo’s promise rise from projection to proof and from political spectacle to genuine legacy.
Red flags written all over. Due diligence and eternal vigilance MUST remain the keyword here. Aiyedatiwa has a background in international trade but has been accused of underperforming by his Ondo State folks has to sit up to deliver on infrastructural development and deliver on the Bitumen Refinery and this new refinery Petrochemical Refinery in the Ilaje area of Ondo State but it has to be done at a lesser cost.
Dangote did his for $20 billion borrowed funds and it's already bringing in profits for him. Therefore, inflated construction costs should be prevented and $30 billion should be the max expenditure to ensure that Ilaje in Ondo-based Petrochemical Refinery comes on stream in the nick of time.
Ezra Olubi was obviously inebriated or on psychotropic substances when he made those X posts that were riddled with innuendos back in 2010-2011.
His weird use of red lipsticks and flashy painted finger nails using colored nail polish says a lot more about his TRUE characterwhich doesn't fit into the norm despite being a Naira billionaire tech executive. He has to go for detox drug therapy sessions and change his ways.
Tinubu and his team of loyalists will do well to keep an eye on some desperate minority Fula elements within and outside his government (who ALL occupy the posts of North West Governors in Hausaland, Ministers, Commissioners, Senators to the exclusion of the indigenous majority Hausa people) especially now that some vocal male and female indigenous Hausas are releasing videos online calling for an end to the Fula domination of their lands.
This highly IRRESPONSIBLE 24-year-old girl used Ned to make money and more fame for herself and instead of shutting up, she's busy adding more fuel and blackmail to the situation with unguarded and uncouth comments. I observed that MOST of the people in YouTube videos and YouTube comments sections are females who have taken sides with her and fueling the saga instead of these random females (and even well-known females such as one so-called "blessing ceo" to tell her to just shut up.
In any event, that so-called 6-year marriage is gone with the highly disrespectful words that 24-year-old girl is using to insult a 65-year-old. Ned too is totally NOT blameless in this because of some of his poor choices BUT at least he and his other wives (Laila and co) had a right to respond to that girl's garrulous online allegations of the entire Ned Nwoko's wives taking hard drugs (ecstasy) which Laila and Ned's first wife criticized Regina for. Ned Nwoko should just cut his losses and run.
It's very important for wealthy men (especially older men like Ned who was 59 when he married that 17+ girl in 2019) to avoid marrying teenage girls or girls in their early 20s as this is further proof that they aren't mature enough and still largely in the "hoe" phase so they still have fantasies for more wild explorations.
An investigation would later determine that tiles damaged during lift-off allowed super-heated atmospheric gasses to penetrate the shuttle's wing during re-entry, causing the ship to become unstable and quickly disintegrate. The crew was not told about any risk and didn't know something was wrong until very late in re-entry.
"In the words of a flight director at NASA: It has been a bad day," ABC News' Peter Jennings said during a Feb. 1, 2003 broadcast reporting on the devastating incident.
––– Space Shuttle Columbia tragedy: WFAA's first breaking coverage
Kobojunkie: When will Nigerian police step up and take seriously their duty to serve and protect the public, abeg? 🥱🥱🥱
See the audacity of these boys! They literally showed up in broad daylight to rob this woman's house, and expect us to believe they were doing some sort of good service. That woman should use this as evidence to have all of them charged and arrested, abeg.
Nigerian Youth Storms Ex-Girlfriend’s House, Reclaims Every Item He Bought for Her
A viral video has surfaced online showing a young Nigerian man arriving at his ex-girlfriend’s residence with a team of friends to recover all the items he previously bought for her.
In the clip, the group is seen packing several belongings out of the apartment, suggesting he intended to take back everything he ever gifted her during their relationship.
In the background, a woman can be heard criticizing the young man, repeatedly asking whether he is not ashamed of himself for such an action. Despite the comments, he continued overseeing the packing without hesitation.
The footage has stirred reactions on social media, with users divided over whether his actions were justified or unnecessary.
billynoni: Point of correction: Kunle IS NOT an Ijebu man, he's from Ikenne-Remo, Ogun State... Therefore he's a Remo person not an Ijebu man. Akarigbo's the paramount ruler in Remoland not Awujale. Be guided.
Bobbyjay001: Meet the Ijebu man who owns Valuejet Airline
His name is Kunle Soname. He is a Nigerian businessman with an estimated net worth of over $100 million, possibly up to $500 million. He has diverse interests in sports, betting, aviation, and real estate.
The airline's daily operations are managed by Captain Omololu Majekodunmi, who serves as the CEO.
The airline was founded in 2018 but commenced operations on October 10, 2022, with flights to Abuja, Port Harcourt, Asaba, and Jos.
Soname is the Chairman of the sports betting website Bet9ja and owner of Portuguese football club C.D. He is also the president of Remo stars football club.
mascot87: First time we had a Southerner and the North dey vex and they want to remove him. That's not even bad, the worst thing is that some irresponsible Southerners are also pushing this agenda because they hate Wike for supporting Tinubu. Terrible people
alphonsoolajide: You trapped my life since 17”- Regina Daniels issues warning to estranged husband, Ned Nwoko
Nollywood actress Regina Daniels has once again stirred intense public debate after releasing a new and emotionally charged statement accusing her estranged husband, Senator Ned Nwoko, of deliberate attempts to destroy her reputation and seize custody of their children. The actress, who shared her claims in a lengthy Instagram post, alleged that the politician has been “trapping” her life since she was 17 and is now trying to undermine her public image for personal gain. Eyes Of Lagos reports,
The latest outburst follows a series of controversies surrounding the couple’s strained relationship, including Regina’s earlier allegation that Nwoko orchestrated the arrest of her brother, Sammy West, who was later granted bail. While that matter is still generating public reactions, the new claims have introduced an even deeper layer of complexity to the ongoing dispute. Fresh Allegations of Entrapment and Image Damage
In her post, Regina Daniels accused Ned Nwoko of launching coordinated efforts to tarnish her name both online and offline. According to her, the alleged moves were strategic, considering her reputation serves as a major currency in the entertainment industry.
“Why are you trying so hard to ruin me publicly and privately?” she wrote. “In my part of the world, a good reputation equals money. I am an entertainer. But I’m tired. You trapped my life since I was 17. This is me fighting for my freedom.”
Her statement suggests a deep-seated struggle within the marriage, one she claims has been ongoing for years but concealed from the public out of respect for her children and their father. Claim of Drug Introduction and Sexual Coercion
One of the most explosive claims in the post is Regina’s allegation that Nwoko introduced her to hard drugs early in their relationship. She alleged that she only used MDMA (commonly known as ecstasy or Molly) because it intensified their sexual encounters, which she claims he preferred.
“You introduced me to the drug ecstasy (Molly) just to satisfy you,” she wrote, insisting that this was the only substance she ever used.
Regina further accused Nwoko of relying heavily on sexual enhancement medication, alleging that she had rushed him to the hospital multiple times due to associated health complications.
Accusations of Custody Manipulation With ‘Fake Drug Report’
Regina Daniels also alleged a sinister plan by her estranged husband to use a fabricated drug test result to take custody of their two children. She described the attempt as “demeaning” and “insane,” insisting that it was part of a larger strategy to label her mentally or morally unfit.
“Coming with a fake drug report just because you want custody of my kids is insane,” she stated.
According to her, some members of Nwoko’s alleged “camp” have hinted at his intentions, further fueling her fears that he wants to portray her as unstable.
Call-Out to Co-Wife and Hints of Dark Secrets
Regina did not spare one of Nwoko’s Moroccan wives, accusing her of being a drug user who had irresponsibly claimed Regina introduced her to narcotics. She described the co-wife as a “Coke addict” and dismissed the claims as a desperate attempt to align with Nwoko’s strategy.
The actress went further, hinting at the possibility of revealing undisclosed “dark secrets,” including issues involving alleged murder, land deals, and fraud—claims she said she has avoided mentioning out of respect for their shared family.
“If you don’t leave me alone, I’ll spill everything,” she warned. Ned Nwoko Yet to Respond
As of the time of this report, Senator Ned Nwoko has not publicly responded to the latest allegations. The silence from his camp has only intensified public curiosity and speculation, especially since previous controversies involving the couple often generated lengthy explanations from the politician.
With the matter unfolding publicly and emotions running high, observers anticipate that the coming days may bring even more revelations—or a possible legal intervention.
Kealmin: Nigeria's Economy: Is VDM the Unexpected Reformer? 🤔
The conversation isn't just about price increases anymore. We analyze how VeryDarkMan's (VDM) relentless fight for accountability and against corruption could be the key to unlocking true economic stability.
Rebuker: This footage future the moment Nigerian popular human Activist very dark man and Mr. Jellof were exchanging words before Mr. Jellof allegedly pushed VeryDarkMan that later let to the two of them exchange blow.
VDM has gone online to briefly explained what lead to the fight. Mr. Jellof has been taunting VDM and even saying he would slap VDM so now that they now met in plane, VDM decided to ask for it, and after a little exchange of words, Jellof allegedly pushed VDM and in the cause of the fight, VDM alleged that Jellof try to bite him. showing off his chest, VDM claimed mr.jellof has bitten him in the area he has his tattle in the chest and may likely have spoilt his tattle with that bite, he said hilariously.
Nigerians are now asking for a ring fight between the two influencers to make it official. Watch the video
Bandits have reportedly been seen moving through Libele, advancing toward Tashan Allura, Jibril Company, and several surrounding villages along the Kontagora–Yauri route in Kontagora LGA, Niger State.
Residents who witnessed the movement recorded the bandits passing openly through the area, raising fears and prompting heightened tension across nearby communities.
This video features details of the incident as shared by locals on the ground. Stay informed, stay alert, and share this to raise awareness.
ogododo: The price of bread, a staple in many Nigerian households, has remained high across various parts of the country despite a drop in the cost of flour, a key ingredient in bread production, Daily Trust’s findings have revealed.
Last year, the price of flour skyrocketed, hitting over NGN 80,000 per bag in markets across Kano and other northern states as well as other parts of Nigeria, a development which forced bakeries to increase the price of bread.
In some parts of the country, a loaf hitherto sold for N700 became N1,200 and that of N500 became N1,000, a development that forced some families to gradually erase bread from their menus.
It was gathered that late last year a 50kg bag of flour was sold between N70,000 and N71,000 and a bag of sugar cost N83,000 and N85,000 per 50kg, but as at the first week of March 2025, a 50kg bag of flour was selling at N58,000 while sugar is selling at N80, 000, yet the price of bread has remained high.
In Abuja, our correspondent who went round some major markets observed that a 50kg bag of flour is sold between N60,000 and N65,000 as against N80,000 and above last year.
It is said that in Nigeria, the bread industry generates up to US$19.81 billion and the market is expected to grow annually by 11.04 per cent.
Idris Bello Biyu, a civil servant in the Kano State Teachers Service Board and father of four, said that at a time he needed at least N2,200 to buy bread every morning; hence, the situation became unbearable and he had no option than to cancel bread from the family’s menu.
“Sadly, when the reduction in the prices of commodities began, we thought the price of bread would drop as well, but it didn’t happen,” he said.
Business owners also affected are the tea vendors, mostly known as Mai shayi.
Adamu Garba Dogo Maishayi, a ‘shayi’ vendor in Gombe, has raised concerns over a significant decline in tea sales, attributing the downturn to the high cost of bread.
Dogo Maishayi, who operates a mobile tea business, explained that many of his customers now opt for tea without bread.
“The authorities should encourage bakers to reduce the prices of bread in line with the decrease in flour prices. The high cost has negatively affected our profits.
“Bakers do not hesitate to increase bread prices when the cost of flour rises, but they are slow to reduce prices when flour prices drop,” Dogo Maishayi said.
However, Alhaji Aliyu Abdullahi, chairman of the Bakers’ Association in Gombe, offered insight into the reasons behind the stagnation in bread prices.
He explained that the recent reduction in flour prices has been minimal, which has had little impact on the cost of bread. “The reduction in flour prices is just about 3 per cent, which is insignificant,” he said.
“If the price of a bag of flour had dropped by N10,000, we would see a ripple effect on bread prices. In that case, a loaf priced at N1,000 would drop to N900.”
The chairman of the Association of Master Bakers and Caterers of Nigeria (AMBCN), Federal Capital Territory (FCT) chapter, Mr Ishaq Abdulraheem, said that although there was a slight reduction in the price of flour, it couldn’t lead to a fall in the price of bread.
He said: “At the time of the controversy, flour was sold at N60,000. Currently, it is N58,000. Sugar too has reduced from N82,000 to N80,000.
“Note that we are paying for electricity. And the price of diesel is fluctuating. Also, the price of margarine and nylon we use for packaging has not changed. Yeast has also not changed. Nothing has come down apart from flour and sugar.”
On the major factor affecting bread price, he said: “As long as Nigeria keeps importing wheat, the price of bread will remain high. We can use cassava as an alternative. That’s why we have been agitating for the government to ensure that cassava production is increased.”
A bakery owner in Kano State, Alhaji Manu Inuwa, told our correspondent that the public failed to understand that even if the prices of sugar and flour dropped, other items have not dropped, and they are very vital in bread making.
He added that people should understand that there are stages in increasing the price of bread, which are the same when trying to reduce it. He said, “We don’t increase the price outright; rather, we systematically reduce the weight of the loaf, and from there, other stages will be followed till the end, which is an increase in price.”
‘60,000 bakeries out of business’
Many bakery owners have lamented that the high cost of production is forcing them out of business.
Last week, the president of the Premium Breadmakers Association of Nigeria (PBAN), Engr. Onuorah Emmanuel has raised the alarm over the worsening economic conditions crippling the baking industry.
He revealed that more than half of bakeries belonging to his members alone have shut down in recent years due to skyrocketing production costs, high interest rates, and insecurity.
Speaking during the PBAN Day Out 2025 held in Lagos with the theme: “The Business of Baking: Pathways to Profit, Productivity and Growth,” Emmanuel painted a bleak picture of the sector, lamenting that bakers are battling multiple economic pressures that threaten their survival and the livelihoods of thousands of Nigerians.
“The finances are stifling us; interest rates are astronomical. You can’t go to the bank and get a single-digit loan. All their loans are above 30 per cent. How does any business survive with that?” he asked.
In Kano, Umar Tijjani , a bakery owner at Yan Kaba, said the high cost of production has forced many to exit the business.
Tijjani said that because it is no longer profitable to run the business, he has since abandoned production and is contemplating quitting the business entirely.
A bread producer in Ilorin, Mr Abdulazeez Abdullateef, said the slight drop in flour prices has not translated into any meaningful reduction in the cost of bread.
He told Daily Trust on Sunday that flour prices fell only marginally in recent weeks.
According to him, they used to buy a bag of flour for N66,000. The current price is between N63,000 and N63,500.
He added that those who pay cash get it between N62,000 and N63,000.
He said the difference is barely N2,000 and has little effect on production.
Abdullateef explained that other items used in baking remain expensive.
“Flour is not the only ingredient we use. We buy yeast, flavour and preservatives. We also pay workers and spend on transport for distribution. This is why the price of bread has not changed,” he said.
He added that bakers have slightly increased the grams of their loaves.
“The 600-gram loaf now weighs between 610 grams and 630 grams. Anything more than that will take us back to loss,” he said.
Chairman of the Kwara Master Bakers Association, Alhaji Abdulfatai Alaba, also dismissed the impact of the slight drop in flour prices.
He compared the situation to the current fuel price challenge.
He said a reduction of one or two thousand naira on a bag of flour makes no significant difference with the high cost of other inputs.
“If we are talking about a reduction of like N10,000 or more, that is where the impact would have been felt much, not what we are having now,” he explained.
He noted that “flour rose from N38,000 during the previous (Buhari) administration to more than N64,000 at a point.”
He said the “current price of about N61,000 has not eased the pressure on bakers.”
Alaba said many bakers “continued to operate at a loss but avoided further price increases because of the economic hardship in the country.”
He added that the recent fall in the price of some food items made it more difficult to adjust bread prices upward.
Bakers’ president gives conditions to drop price
Speaking with Daily Trust, the president of the Premium Breadmakers Association of Nigeria (PBAN), Engr. Onuorah Emmanuel insisted that there has been no substantial reduction in the price of flour.
Besides, he said the energy cost also played a key role in the increase in the price of bread.
Emmanuel said that if the price of flour and other commodities like energy drops drastically, the bakers would be forced to reduce the bread price.
He said. “How much has come down in the price of flour? N500. Flour is still selling above N55,000. We have not increased bread prices in the last one year. Energy cost shot everything up again. Diesel prices have not come down. If all the prices come down, we will drop our price.