Tomity:


Today the most active VP since the independence & most likely, the next president of Nigeria is Yoruba.

Jabioro:
Instead of it to be relooted by so called appropriation bill order of budget why not directly with executive fiat used it to fiance national project that all will have the dividends.. ...Na lie borehole and... shiooor!

ebujany:
See his v shape head.....na 100% afonja Muslim. Aka skull harvesters but this time around, it seems they have upgraded to harvesting kids wee wee

sekundosekundo:
Landing to beat the 90 days the constitution allowed for him to stay away.

I weep for Nigeria.

Tompeters:
Just listening to Finance minister on NTA saying people are so poor in this country that some have never even see N5000 in their life before..
They had a situation where they were to pay some people and a woman came with Ghana-must-go bag to collect just N 10,000....and when she was asked why she came with the bag, she said she has not seen that kind of money in her life and she does not know how she would carry such money .. This is so serious....

ourema:
Then his sins will be forgiven and he can now enjoy his loot in peace

AutosBay:
I dey come I still dey eat, God win, after 4 months baba God I thank you oooo, God bless Buhari, if I hear say I no recieve alert me Chairman of Npower, dem even put smilie for my alert, Thank you Jesus, settled

AutosBay:


Who is crying, you wey increase the volume of your ring tone so that you will hear when alert go enter, why nosing around this thread if no be to spy whether better news don enter

AutosBay:


Are you related to Buhari? Cos that razid sounds Buhafoolish, please don't even attempt to write this rubbish on Lagos thread before they skin you alive

AutosBay:
Since I was born I've never seen a disorganised programme as this Oboy sure P better pass this programme by light years

Why is palm oil very expensive now?

There is more demand for it and what we are producing is far lower than what we need. Even if those going back to agriculture plant now, it will still take three to four years before they start fruiting; there is no magic about it. And the demand is increasing. Now if you want to import, it is difficult to get forex to do that. So some of the companies that need palm oil to make margarine and so on now have to source for it locally so that they can buy in naira instead of importing from Malaysia. And also, it is seasonal and we are in off-season now. Maybe between February to July/August (its season), next year, the price will go down. But at this moment, it is scarce. People need it for food and raw materials and there was nothing to store up when it was in season.

Truth234:


The thing is they tagged high consumer prices "inflation' without understanding what type of inflation it is. Whereas what we are experiencing is cost push inflation, persistent increase cost of production. CBN need to admit to the Nigerian people that the high interest rate is to attract investors to the economy, so the apex bank can generate enough forex to service the economy and not the because of inflation rate.

Truth234:


The truth is they will continue to have issues with borrowing for one obvious reason, the economy is not stable. Hence, the reason Fitch ratings downgraded Nigeria to B+ last week.

The FG need to go on aggressive spending (fiscal stimulus). Knock off high interest rate to encourage borrowing to revamp manufacturing sector and reduce unemployment while increasing consumer spending.

slimthugchimee2:
i actually bought my local rice @12.5k last 2months

Most residents in Enugu State have shifted patronage to locally produced rice, popularly called `Abakaliki rice’, as alternative staple food.

A correspondent of NAN, who visited major markets in Enugu metropolis on Saturday, observed that the de-stoned brand of the local rice had flooded grain selling shops.

The ‘Abakaliki rice’ now sells for between N12,000 and N14,000 per 50kg bag depending on type; as against the foreign rice which is sold between N20,000 and N23,000 per 50kg bag.

The markets visited included Gariki, Ogbete, Mayor, Artisan, Kayetta and New Markets as well as some departmental stores in the metropolis.

NAN also observed that most rice retailers and hawkers who sell in cups and bushels, are currently stocking only the local rice.

Mrs Eunice Madu, a grain seller in Mayor Market, said that almost all the stocked local rice bags had been bought during the yuletide leaving out the foreign ones.

“I must confess we sold out almost all our available bag of ‘Abakaliki rice’ during the yuletide as most people turned to it due to its improved processing and de-stoning qualities.

“Also, it has lower price; with a margin of about N10,000 difference from the foreign rice,’’ she said.

Mr Chukwuebuka Okoye, a rice retailer, said the local rice had made it possible for many families to still eat the staple food.

“At least with N70 you can get a cup of de-stoned Abakaliki rice as against N120 for a cup of foreign rice.

“So, we are getting huge daily patronage on the local de-stoned rice,’’ Okoye said.

Another resident, Mr Okechukwu Ugwu, said that the ban of rice and policy thrust on massive rice cultivation is in the right direction.

Ugwu noted that apart from saving scarce foreign exchange; cultivating rice leads to increase in productive activities and creating jobs in the country.

“It has been proven that the local rice is more nutritious, filling, and tasty; while it can be stored longer than the foreign rice,’’ he added.

NAN

Lukmann1:
Good for her. Hope she is not pregnancy again?