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PropertiesRe: 'Cement Is Costly': But People Are Still Building Storey Buildings by ogododo: 3:34pm On Mar 02, 2024
Questionnaires:
Cement is Cost, Cement is Cost - But People Are Still Building 2 to 5 Storey Buildings.


Ogbeni;

Grind Wiser oo!

No Go Dey HUSTLE or STRUGGLE.

HUSTLES Are For Confused People Who Don't Know Their GRINDS.


Know Your Natural Grind And Know Peace.
Na APC thinking be dis.
PoliticsRe: Bandits Kill Five Residents, Burn Police Station, Sack Communities In Katsina by ogododo(op): 3:33pm On Mar 02, 2024
Buhari wey be general come open Katsina yansh to terrorists. Nawa oh.
European Football (EPL, UEFA, La Liga)Re: Nottingham Forest Vs Liverpool 02 / 03/24 4pm by ogododo(op): 3:32pm On Mar 02, 2024
7-0
PoliticsBandits Kill Five Residents, Burn Police Station, Sack Communities In Katsina by ogododo(op): 2:44pm On Mar 02, 2024
At least three villages have been sacked by terrorists as banditry and kidnapping for ransom escalated in Katsina State, North-West Nigeria.

SaharaReporters learnt that three villages in the Kurfi Local Government Area of the state were sacked and a police station torched in a banditry raid that claimed five lives.

The affected villagers who are now taking refuge in other communities in the state, staged a peaceful protest on Friday, demanding the restoration of security.

Gunmen were reported to have stormed Wurma village and opened fire sporadically, forcing residents to scamper to safer areas.

"They (bandits) attacked at about 6:30pm and killed five heads of households. They also carted away valuables, that's why our people came out to protest," a surviving resident narrated.

"As we speak our village has been sacked, no single human being lives there again. We have abandoned everything to stay alive," another resident added.

Authorities have confirmed the incident, saying two other villages under Kurfi; Lambo and Guda have also been sacked by the terrorists.

The Commissioner for Homeland Security, Nasir Babangida Ma'azu said terrorists had intensified attacks in the area.

He said, "During the first raid the bandits went from house-to-house hunting for those to kidnap. On their second visit, they burnt down the police station, forcing the residents to run for their lives."
https://saharareporters.com/2024/03/02/breaking-terrorists-kill-five-residents-burn-police-station-sack-communities-katsina

PoliticsMerging Army University, NDA Will Give B’haram ‘upper Hand’, Zulum Tells FG by ogododo(op): 11:12am On Feb 29, 2024
Governor Babagana Zulum of Borno has urged the Federal Government to reconsider its decision to merge Nigerian Army University Biu (NAUB) with the Nigerian Defense Academy (NDA) given the gap in Western education, which is worsened by the effect of the decade of Boko Haram devastation in Borno and other neighbouring states.

It should be recalled that the Orosanye Committee report adopted by the federal government seeks to merge or scrap several institutions with duplicating functions as a means of cutting costs in governance.

In an early morning address to newsmen while distributing palliatives to 100,000 households in Maiduguri, Zulum said that Boko Haram insurgents have achieved their objectives if the university is scrapped.

Therefore, we appeal to Mr President to look into this issue so that the Army University Biu would remain a university.

If this is not possible, maybe they don’t want to create another army university. We appeal to the President to allow the Federal Ministry of Education to take over the Army University to become a conventional university. This is also something we shall plead with the FG.

“If it’s possible, they should allow it as an Army university because of the importance of education in this part of the country, where Boko Haram is saying that education is forbidden. And I think that by allowing this Army university to be scrapped, they might have achieved one or two of their objectives,” he said.

The governor noted that, for over a decade, Borno State has been facing a serious crisis that has denied many children access to education. “Therefore, this university is very important to not only the people of Borno State but our neighbouring states,” he said.

Zulum, who agreed with the federal government on its quest to reposition the system to reflect current realities, said the quantum of students absorbed by the institution is something to be considered.

Similarly, the governor made a case for the National Centre for Agriculture Mechanisation, Ilorin.

He said that at this material time, when the federal government is looking towards promoting food security through sustainable agriculture, the centre is very important.

“This is the only mechanisation outfit in Nigeria that is saddled with the responsibility of agricultural tools.

“I believe a technical committee would be set up, and we shall recommend to the presidency reviewing some of the decisions with a view to adding value to what he has done.

“By and large, I have to commend the initiative, and we are behind the initiative,” he added.
https://www.vanguardngr.com/2024/02/merging-army-university-nda-will-give-bharam-upper-hand-zulum-tells-fg/#google_vignette

FoodRe: See The Food I Bought For ₦2,800 by ogododo: 8:12pm On Feb 28, 2024
Nazgul:
So I was hungry and decided to branch at restaurant to eat. I asked them for a plate, they told me ₦2,800. I told them to bring.

The food was impressive in size and quality. I ate to my satisfaction. But the price seemed a little on the high side.

Cc Mynd44 nlfpmod Dominique mukina2
Una still get money to chop life.
PoliticsRe: Deadly Attack On Chad Intelligence Services Office Leaves Many Dead – Gov’t by ogododo(op): 5:22pm On Feb 28, 2024
Nlfpmod, nawa oo.
European Football (EPL, UEFA, La Liga)Re: Nottingham Forest Vs Liverpool 02 / 03/24 4pm by ogododo(op): 11:46am On Feb 28, 2024
No Salah.
European Football (EPL, UEFA, La Liga)Chelsea Vs Manchester United (4 - 3) On 4th April 2024 by ogododo(op): 11:44am On Feb 28, 2024
Chelsea Vs Manchester United 04/04/24 20:15
PoliticsDeadly Attack On Chad Intelligence Services Office Leaves Many Dead – Gov’t by ogododo(op):
An attack on the office of Chad’s ANSE internal security agency in the capital N’Djamena has killed several people, the government said Wednesday.

Blaming the overnight assault on activists from the opposition Socialist Party Without Borders (PSF), headed by Yaya Dillo, the government said that “the situation is now completely under control” and “the perpetrators of this act have been arrested or are being sought and will be prosecuted”.





The attack came after a party member was arrested and accused of an “assassination attempt against the president of the supreme court”, it said.



The attack came after a party member was arrested and accused of an “assassination attempt against the president of the supreme court”, it said.



Dillo is a fierce opponent of Chad’s transitional president, his cousin Mahamat Idriss Deby Itno.


The ANSE attack comes a day after the announcement that Chad will hold a presidential election on May 6, which both Mahamat Deby Itno and Dillo intend to contest.


Mahamat Deby Itno took power in Chad after his father, Idriss Deby Itno, was killed while fighting rebels in 2021, after ruling the desert nation for three decades.


https://dailytrust.com/deadly-attack-on-chad-intelligence-services-office-leaves-many-dead-govt/
SportsNottingham Forest Vs Manchester United 28 /02/24 8:45 by ogododo(op): 7:22am On Feb 28, 2024
Nottingham Forest vs Manchester United 28 /02/24 8:45.
PoliticsTinubu Holds Emergency Meeting With Organised Labour, NLC, TUC Leaders by ogododo(op): 8:40pm On Feb 26, 2024
SaharaReporters learnt from top sources that the meeting is currently holding at the Aso Rock Villa and would be decisive for the two-day planned protests.

President Bola Tinubu is currently meeting with the leaders of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) ahead of the planned nationwide protests against hardship.

SaharaReporters learnt from top sources that the meeting is currently holding at the Aso Rock Villa and would be decisive for the two-day planned protests.

SaharaReporters had reported on Sunday that the Nigeria Labour Congress (NLC) had warned the government against attacking members and protesters during its planned nationwide protest scheduled for tomorrow, February 27 and Wednesday, February 28.

According to the NLC, any attack on their procession will lead to a total shutdown of the economy.

The NLC had announced a nationwide protest scheduled for February 27 and 28, to kick against the economic challenges facing Nigerians.

The decision came after a 14-day ultimatum issued to the Nigerian Government regarding the widespread hardship.
But the Department of State Services (DSS) and the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, (SAN) have urged the NLC to shelve its proposed nationwide protest.

Amid the increasing hardship, rising inflation and high cost of living, a human rights group, Take It Back Movement had staged a protest in Lagos State, Southwest Nigeria against the government’s indifference to the plight of Nigerians.

SaharaReporters had reported that the Lagos State Commissioner of Police, Adegoke Fayoade, on Sunday, warned against any form of violent protest in Nigeria's commercial nerve centre.

But the protesters, who hit the streets of Lagos on Monday morning, were seen carrying placards with various messages at Ojuelegba Underbridge.
The protesters lamented the hardship and economic challenges in the country, saying Nigerians were getting poorer by the day.
They blamed the policies of the administration of President Bola Tinubu for the worsening situation.
https://saharareporters.com/2024/02/26/breaking-tinubu-holds-emergency-meeting-organised-labour-nlc-tuc-leaders

PoliticsRe: Ribadu Summons Tinubu’s Special Investigator For Allegedly Extorting CBN Officia by ogododo(op): 7:46am On Feb 26, 2024
Nlfpmod.
PoliticsRibadu Summons Tinubu’s Special Investigator For Allegedly Extorting CBN Officia by ogododo(op): 11:17pm On Feb 25, 2024
The National Security Adviser (NSA) has reportedly summoned Jim Obazee, the Special Investigator appointed by President Bola Tinubu to probe the former Central Bank of Nigeria (CBN) governor, Godwin Emefiele.


Earlier reports highlighted claims of witch-hunting, extorting and undue intimidation by Obazee’s team, even after his mandated tenure had expired.


President Tinubu appointed Obazee as a special investigator of the CBN under Emefiele through a letter dated July 28, 2023.

Obazee and his team submitted their report, accusing the former CBN governor of misappropriating funds through contract scams and other fraudulent activities.

However, his presidential mandate expired on December 1, 2023, as directed in a letter dated November 29, 2023.

Despite the expiration of his mandate, reports suggested that Obazee’s team continued unauthorized raids.


In response, Daily Nigerian reports that the NSA has summoned Obazee and instructed him to return all government property in his possession, including official vehicles provided for his operations.

A source within the NSA’s office, quoted in the report, said:

“Jim Obazee and his team were summoned on Friday by Office of the National Security Adviser and was asked return all government property in his possession. This includes the official vehicles given to him to aid his operations, and others.

“He was stripped of all his powers and the presidential mandate as the CBN investigator, so to speak.”

https://politicsnigeria.com/just-in-ribadu-summons-tinubus-special-investigator-for-allegedly-extorting-cbn-officials/
PoliticsRe: Mariya Mahmoud: Fire Guts FCT Minister Of State Residence In Abuja by ogododo: 8:01pm On Feb 25, 2024
PoliticsTinubu Should Take Lessons From Argentina’s Javier Milei Reforms: Atiku Abubakar by ogododo(op): 7:43pm On Feb 25, 2024
Tinubu should take lessons from Argentina’s Javier Milei reforms: Atiku Abubakar
Both leaders inherited a disoriented economy, but both applied different measures to recovery.

PRESS RELEASE • FEBRUARY 25, 2024

Tinubu, Milei and Atiku
Iread a recent report in Reuters titled: Argentina’s market double down on Milei as investors ‘start to believe’.

I took a keen interest in reading the report because I know quite well that Argentina and Nigeria closed the last quarter of the year 2023 on a similar path of economic downturn.

In the case of Nigeria, a new government was installed at or about the middle of 2023, for Argentina, the new government came on board in December.

Both leaders inherited a disoriented economy, but both applied different measures to recovery.

President Javier Milei of Argentina was sworn into office on 10 December 2023. He inherited a worse condition than Nigeria’s.

But what he did to return his country to a place where investors are ‘starting to believe’ should serve as a lesson to Nigeria’s Bola Tinubu.

Nigeria is where we are today simply because of what Tinubu has done or did not do.

His shifting the blame on the opposition and, even ridiculously, his predecessor is needless and myopic. Market forces don’t play politics. They respond to your actions and inactions.

President Milei’s major campaign promise was to reposition the Argentine economy after years of slow growth, high debt levels, triple-digit inflation (160% when he took over the Presidency in December 2023) and 40% poverty rate.

His first task was to begin implementing measures to achieve greater macroeconomic stability and promote higher global competitiveness.

He came into the office with a comprehensive stabilization plan, which seeks to implement far-reaching measures within the context of a market-oriented economy.

He started off cutting government expenditure by cutting the size of government and wastages; blocked stealing of government funds, and attracted Foreign Direct Investment (FDI) through concessions, tax holidays, and improved ease of doing business.

President Milei flies regular business class for all his travels and does not offer the presidential fleet of Argentina for his son’s birthday.

Likewise, there is no settlement for his hangers-on and political allies through unwieldy and burdensome appointments to public offices.

Argentina’s Milei did not build the largest government like Tinubu did at a time when our economy was and still on its knees.

The examples set by President Milei are the requirement of leadership in a time when the economy has begun to fail the expectations of the people.

The reforms so far implemented by the Tinubu administration are ad hoc and hurriedly put together without proper review. Ours is unlike Argentina’s Milei, who is sequencing his reforms.

President Milei anticipates the after-reform shocks and admits that things will be tough for the people. But he is fully prepared for the aftershocks and has in place mitigating pills.

He walks the talk. He makes sacrifices himself by giving up perks of office.

It is not business-as-usual for the presidency while the people are called upon to make sacrifices.

Argentina runs a lean government by reducing the number of ministries, privatizing nearly 40 state-owned enterprises, and reducing wasteful spending.

Conversely, Tinubu in Nigeria increased the number of ministers and ministries and is spending enormous resources renovating houses for himself, his deputy, and the first lady.

That is nothing short of Nero playing fiddle while Rome is on fire!

Worse still, Tinubu has refused to roll up his sleeves and do the work that he signed up for. Instead, he and his team are preoccupied with behaving like Napoleon and Squealer, characters in the satire book Animal Farm, who made it a state policy scapegoating Snowball (the opposition) for their own failures arising from their ill-advised policies.

I am attracted to the reforms in Argentina because Javier Milei’s stabilization plan bears a similar emblem with my Recover Nigeria Plan.

It is a plan that I am more than willing to disclose details of its workings with the current government in order to take Nigeria out of the depth of hunger and anger that we find ourselves in.

The plan includes strategic steps we must take to recover the economy and make it stronger, dynamic, resilient, and competitive.

We had outlined plans to relax the fiscal constraints facing us to include:

Improving Spending Efficiency and Blocking Leakages
Saving money through:
a. A review of fiscal support for non-performing government enterprises and the privatization of those that can not sustain themselves.
b. Steps to improve spending efficiency through a gradual reduction in government recurrent expenditures, ensuring that those expenditures reflect higher levels of service delivery. Over the medium term, recurrent expenditures should not exceed 45% of the budget.
c. A review of government procurement processes to ensure high levels of transparency, competitiveness, and value-for-money and eliminate all leakages.
Unless, and until there are clear-cut policies and pathway to economic rejuvenation predicated on a leadership led sacrifice, there will be discontentment, especially among the youths, which may find expression in protests and for which it will be silly to continue to blame the opposition for.

Atiku Abubakar
Vice President of Nigeria, 1999-2007
25th February, 2024.

https://gazettengr.com/tinubu-should-take-lessons-from-argentinas-javier-milei-reforms-atiku-abubakar/
PoliticsEconomic Crisis: Obasanjo Urges Devolution Of Power, Resources To States by ogododo(op): 11:32pm On Feb 24, 2024
A former Nigerian President, Chief Olusegun Obasanjo, has urged for the devolution of power and resources from the federal government to state and local governments to better manage available resources and alleviate the ongoing economic crisis.

Obasanjo attributed the crisis to a lack of productivity among Nigerians and mismanagement of resources.

By decentralizing power and resources, he believes that competition at the central level will decrease, allowing for more effective resource management at the local level.

Obasanjo, who was represented by a former Governor of Niger State, Dr Babangida Aliyu, spoke as a guest of honour at the public presentation of the book “Court and Politics,” authored by Dr. Umar Ardo. The book chronicled the first-hand experience of the author in politics and the courts.

According to him, “24 years of practising the presidential system is not enough. The important thing is to devolve power and resources to the states and certain jobs from the federal to state and local governments.”

In his remarks, the Chairman of the committee for the book launch, Alhaji Shehu Musa Gabam, said that Nigeria would continue to have challenges in politics and the electoral process as long as courts continue to base their judgements on technicalities rather than facts of the issues.

Gabam who is also the National Chairman of the Social Democratic Party SDP, noted that part of what brought Nigeria to where it is today is that “we have a body, the Independent National Electoral Commission, empowered by the law to conduct elections, and another arm of government, the Judiciary (Court), that decides on who is elected.”

He urged Nigerians to be united and courageous in telling the authorities to do the right thing, adding that being cowards was not the solution.
https://www.vanguardngr.com/2024/02/economic-crisis-obasanjo-urges-devolution-of-power-resources-to-states/

PoliticsRe: Qatar Government Rejects Tinubu’s Proposed Business Meeting, Visitation Request by ogododo(op): 7:03pm On Feb 24, 2024
pandoragirigory:
You think it is your mother's
Eweee.
PoliticsRe: Qatar Government Rejects Tinubu’s Proposed Business Meeting, Visitation Request by ogododo(op): 5:21pm On Feb 24, 2024
RepoMan007:
Begi-begi giant of Africa.
It cant be more than sharp sharp forex Tinubu is looking for. We need that thing to keep our wine, hair, cigar and fancy gadgets import going.
Nawa oo
PoliticsRe: Qatar Government Rejects Tinubu’s Proposed Business Meeting, Visitation Request by ogododo(op): 4:35pm On Feb 24, 2024
Sirianese:
So that's how he goes around begging for places to visit while his people starve at home. You can't shame the shameless😂
Una no see say dem no rate us useun.
Foreign AffairsRe: Tinubu To Mali, B'Faso, Niger: Re-consider Your Decision, ECOWAS not your enemy by ogododo: 4:00pm On Feb 24, 2024
fergie001:
SOURCE

Previous Thread:
https://www.nairaland.com/7983876/niger-mali-burkina-faso-withdraw#128168876
No be wetin Tinubu suppose do earlier be dis.
PoliticsQatar Government Rejects Tinubu’s Proposed Business Meeting, Visitation Request by ogododo(op): 3:18pm On Feb 24, 2024
Qatar said that the rejection of President Tinubu’s request for visitation for the business and investment forum was due to the lack of a legally binding agreement between the country and Nigeria for the promotion of investment.

The government of Qatar has rejected Nigerian President, Bola Tinubu’s request to visit the country for a business and investment meeting over legal disagreement.




The Qatari authorities in a letter sent to Nigeria’s Ministry of Foreign Affairs on Thursday, said that the Middle East country would not be able to welcome President Tinubu and hold the proposed forum intended to hold on March 2 and 3.



Qatar said that the rejection of President Tinubu’s request for visitation for the business and investment forum was due to the lack of a legally binding agreement between the country and Nigeria for the promotion of investment.




People's Gazette reports that the country in the letter further noted that its ministry of commerce had other commitments on the days President Tinubu desired to visit.



Qatar was quoted as saying in the letter sent to Nigeria’s Ministry of Foreign Affairs on Thursday that “The Embassy has the honour to inform that the Ministry of Commerce and Industry in Qatar apologises that it will not be able to hold a Business and Investment Forum as proposed by Nigerian side.



“There is no any agreement signed between the State of Qatar and the Federal Republic of Nigeria on Investment Promotion and Protection.”



The country further stressed that its Minister of Commerce and Industry, Sheikh Mohammed bin Hamad bin Qassim al-Thani “will be carrying out official missions outside the country during the upcoming visit period” which makes him unavailable to meet with the Nigerian leader.



Qatar added that its officials would be too busy because Qatar was hosting its own “web summit” the same time Mr Tinubu planned to visit.



The letter added that “The State of Qatar will be hosting a web summit during the suggested period and the state’s authorities will be preoccupied with this event.”



The Qatari government’s failure to reschedule the business and investment forum with President Tinubu to a more convenient period, perhaps, suggested its unwillingness to enter into any economic alliance with Nigeria.



Recall that in 2023, the government of United Arab Emirates (UAE) debunked an announcement by the Special Adviser to President Tinubu on Media and Publicity, Ajuri Ngelale, that a visa ban on Nigerians had been lifted after President Tinubu visited the country’s leader, Mohammed bin Zayed Al Nahyan.


https://saharareporters.com/2024/02/24/qatar-government-rejects-tinubus-proposed-business-meeting-visitation-request-nigerian

PoliticsRe: Lagos Resident Stampeded To Death At Nigerian Customs Office While Buying Rice by ogododo(op): 2:18pm On Feb 24, 2024
Beautifulday:
Abi them don sacrifice am?
Nasooo.
PoliticsRe: Lagos Resident Stampeded To Death At Nigerian Customs Office While Buying Rice by ogododo(op): 10:35am On Feb 24, 2024
Ibechris2:
His wife would be heart broken if truly they voted Tinubu.

I saw how they were making noise during the election...not knowing that were only digging their graves.
No dey heartless, na somebori papa and husband. Nlfpmod, see oo.
PoliticsRe: Lagos Resident Stampeded To Death At Nigerian Customs Office While Buying Rice by ogododo(op): 10:01am On Feb 24, 2024
iwaeda:
Using N10k to buy death. APC is just socialist in nature, make people poor and give them palliatives. Hope this is good news baba fergie001. grin grin grin grin grin grin
Nawa oo.
PoliticsRe: Lagos Resident Stampeded To Death At Nigerian Customs Office While Buying Rice by ogododo(op): 9:48am On Feb 24, 2024
APC don send am early to meet baba God.
PoliticsLagos Resident Stampeded To Death At Nigerian Customs Office While Buying Rice by ogododo(op): 9:39am On Feb 24, 2024
The deceased was on the queue with his wife when he fell down and couldn’t get up on time which resulted in people stamping on him.

ALagos State resident whose identity has yet to be ascertained has reportedly died after he was stampeded at the Nigerian Customs office in Lagos while trying to buy rice.




An X user, Dr. Adunola, @yemoka who said the man died in her hospital, said that the deceased was trampled on after falling at the Customs office trying to get rice.



According to her, the deceased was on the queue with his wife when he fell down and couldn’t get up on time which resulted in people stamping on him.




She wrote, “A man just died in my hospital, he was stamped on after falling at the Customs office trying to get rice. He was on the queue with his wife when he fell down and couldn’t get up on time which resulted in people stamping on him. So sad. Survived by very young children.”

Tweet URL

Another X user shared another resident of the state who said that he was at the Customs office in the Yaba area of the State to buy rice and there were at least 10,000 people struggling to buy rice but uniformed officers from all forces were given special attention.



“I went to that Customs place in Yaba today to buy Rice. Let's just say this country has zero chance of being better. They beat the shit out of us in the queue.



“Uniform officers from all forces were given priority. There are at least 10,000 people. When I had enough, I went back to my house. 5 hours wasted.



“The pressure of the people pulled down a section of their fence. Come and see the beating. They even beat one woman in a wheelchair. If you record and they catch you, they will seize your phone,” the resident said.



SaharaReporters on Tuesday reported that the Nigerian Customs Service (NCS) disclosed that its operatives will distribute all confiscated food products nationwide.



The Nigerian Customs Service spokesperson, CSC Abdullahi Maiwada, who made this known in a press statement said that the decision was taken to alleviate the current hardships faced by Nigerians and to solve serious problems of food security and the skyrocketing prices of basic food items in the country.



The NCS underlined that the distribution would take place once food items underwent certification to ensure its suitability for human consumption.


https://saharareporters.com/2024/02/24/lagos-resident-stampeded-death-nigerian-customs-office-while-trying-buy-cheap-rice
FoodRe: Many Nigerians Can No Longer Afford Beer by ogododo: 10:29am On Feb 23, 2024
DyshApp:
The Chief Executive Officer of Nigerian Breweries Plc, Hans Essaadi, has said that the economic situation in Nigeria has deteriorated to the extent that citizens can no longer afford to buy beer.

Essaadi said this on Monday at the company's investor call following the release of its 2023 results.

"It has been an unprecedented year for our business in Nigeria. We saw a significant decline in the mainstream lager market as a result of Nigerian consumers no longer able to afford a Goldberg after a hard day's work," Bloomberg quoted Essaadi as saying.

NB suffered an #153bn foreign exchange loss due to the devaluation of the naira for the year ended December 2023.

For the period under review, the company grew its revenue by 8.9 per cent to #599.64bn from #550.64bn. Net finance expense rose significantly by 449.7 per cent to N189.19bn, dragging the brewer to a loss of #106.31bn from a gain of N13.19bn at the end of 2022.

👉 Dyshus
Sapele water dey.
PoliticsWe’re Not Responsible For Hike In Food Prices – Dangote Group by ogododo(op): 8:53am On Feb 23, 2024
An Executive Director of the Dangote Group of Companies, Hajiya Fatima Aliko Dangote, has explained that the Dangote Group of Companies is not responsible for the rising prices of food items being experienced in the country.

In an interview with the Hausa Service of the BBC, Hajiya Fatima said the group had sold the food processing company five years ago to Olam Group which processes food and agric-business in Nigeria.


She said Olam is now the producer of flour, pasta, semolina, and every flour product in the markets is not produced by the Dangote Group.

“In the concession agreement, it was agreed that they would continue using our brand name for their products, and hopefully by next year, they will stop.

Dangote denies exporting cement to Cameroon
Tinubu fires Kuru, names Alade AMCON CEO
“For consumables, we’re only producing sugar, salt, and Dangote classic seasonings. Again, we hope to start producing rice later this year or next,’’ she noted.

Fatima added that they are not comfortable with the way prices are hitting the rooftop which the group cannot control, while hoping that things will stabilise soon.

Asked whether the group is considering lowering the prices, she said, “We’re not responsible for the price hike… we buy the raw sugar in dollars from Brazil; they don’t sell to us in naira. The same thing with the crude salt and every other thing, that’s the issue. It’s only cement that we get its raw materials in Nigeria. But its processing chain lies in dollars; the trucks that ferry the product, gas, tires, and spare parts are all in dollars.’’

She, however, claimed that the group was unaware that cement was retailed at N15,000 in the markets, adding that the price of 50kg would be around N7,000 to N8,000 depending on the location.




https://dailytrust.com/were-not-responsible-for-hike-in-food-prices-dangote-group
PoliticsRe: Economic Hardship: Pray For Tinubu, It’s Not Easy – Wike Begs Nigerians by ogododo(op): 6:20pm On Feb 22, 2024
fourboys:
Mumu man
Ogogoro man na Wike be.
PoliticsRe: Economic Hardship: Pray For Tinubu, It’s Not Easy – Wike Begs Nigerians by ogododo(op): 5:55pm On Feb 22, 2024
Nlfpmod, make we pray.

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