I am writing from experience too, and I am sure my experience far outweighs yours for so many reasons.
First, I don't live abroad permanently, I have the advantage of being on both sides which gives me a better understanding and leverage than you. Rented apartment innigeria is not profitable you are very correct with that based on experience too. But not that you will build a house with 40million and collect 500k annual rent that's fallacy, except you built a mansion in your village. House rent in Lagos Mainland (Ikeja, Ajao estate, Anthony, Gbagada, Oshodi, etc) and even Island is not childsplay, you can recoup your investment in like 10 years.
in most of these areas, a 3bedroom flat is rented between 1.5m to 2.8million a year. If you used 100million to build a storey building of 4 flats, if you collect 2.5m per flat multiplied by 4 that is 10million, if you do it for 10 years you have recouped your investment. Rent increase is also rampant in these areas, I speak with experience as one that have....
Buying lands is far more profitable innigeria, that is absolutely correct because I do advocate this, and I have mentioned this in my previous comments months or years back here. I also said it here. I say what I do. I advice people based on what I have done not heard. I own lands in various states innigeria and I know it's very profitable to buy lands innigeria, especially in fast rising city areas.
Now let's go back to mortgage abroad. I have never got one before and dont plan to until I am ready and will definitely be buying outrightly, my elder brothers did so and I follow some of their footsteps because they are highly successful.
I have had a relative got his property foreclosed by bank after he died and wife couldn't meet up, so where is the generational wealth? Mortgage is mortgage you guys should stop painting it otherwise. Abi the various news of foreclosure and stuffs abroad, na ghosts them get those mortgaged houses being foreclosed by banks and lenders abroad? I don't like anything loan; be it house mortgage, car loan, anything loan.
Everything I own, I own them 100% and that is what I advocate and commend. I don't like people that live their life on borrowing and loans. The bank lending you money doesn't love you, they are praying for you to default so they can foreclose your property, that is where and how they make more profit. Many people abroad lose their mortgage properties to banks and lenders, please tell us why? I will advice any Nigerian man living abroad to first invest in properties innigeria before going into mortgage housing abroad, I stand on my initial advice. A friend and his wife made instant millions through Lagos property investment (build and sell in Lekki area) during Buhari regime that dollar first got its mad rise.
He and his wife quickly got loan in the country they lived, he came back to Lagos then, bought land and built two semi detached duplexes which they resold twice the loan they got and paid back the loan and owned the second semi detached duplex which they later sold and used the proceeds to enter fully into build and sell on the Island and today they are mega millionaires which he always thank God for that he wouldn't have ever made such money working and investing in abroad in a short period of time. Being a smart Nigerian with intelligent/honest business friends around gives you an edge to make money from leveraging being abroad as a Nigerian. Build and sell on Lagos Island made a lot of smart Nigerians living abroad rich overnight while the dull stubborn ones who think life begins and end abroad remain there working their asses off and mortgaging their lives in the name of dull investment idea of going into house mortgage.
There are lots of business ideas you can make so much profit from as a Nigerian living abroad by leveraging your living abroad as a Nigerian if you open yourself up to people in the know, which are far more profitable than going into mortgage to brag to your fellow average fellows that you now own a house, when in reality you don't actually own the mortgage house until you finish paying.
You made great points. Thank you.
- Regarding Lagos, compared to the East which you have been advocating (we know why), recouping one's investments in Lagos is faster than the East.
- Which are the fast growing citiesin the South East and South South?
Regarding your friend's story, someone else narrated a similar experience, which makes sense as rents are paid annually or two years rather than monthly. So, yes, that is a good model by leveraging being in the abroad and nigeria.
franchasofficia: It's mostly married Nigerian ladies abroad that celebrate owning a mortgage house, Nigerian men, the sensible and wise ones don't celebrate it.
If you are a Nigerian man abroad, before you think of getting a mortgage house abroad, please make sure you have acquired two or three solid commercial buildings in a bubbling city innigeria. Don't be in a hurry to get a mortgage house as a Nigerian man. ***
Don't be deceived, houses and lands appreciate a lot innigeria too.
I know some properties and lands I bought some few years back how much they are today if I am to sell them.
But before you buy any land or property innigeria, especially in Lagos, please get a competent property lawyer to go to Alausa secretariat to check the status for you, dont be in a hurry to buy, check the status first.
If you are Igbo, focus more on buying lands and properties in Southeastern cities like; Owerri, Onitsha, Enugu, Aba (though lands don't appreciate fast here dunno why), and maybe Asaba.
Avoid Lagos and Portharcourt if you don't live innigeria. Buying land in Abuja as an Igbo person living abroad is even better than buying in Lagos and Portharcourt. This advice is mainly for Igbos living abroad because currently, with the Lagos state government policies of recent, buying land or properties in Lagos if you are not a Yoruba person or you don't live in Lagos is risky, avoid it if you can.
Botswana is another nice place to invest in.
Ivory Coast is also okay.
Avoid Ghana, Ghana used to be good but situation seems to be changing of recent, guys are selling off now.
***You really don’t know the benefits of mortgage in abroad*** what do you stand to gain in renting house/ apartment in abroad? For your information your mortgage repayment form part of your equity.. The equity you have in a certain house abroad over time can buy a house outright in Lekki*** rent money in abroad na dead money
franchasofficia: Most of you guys are misinterpreting and misunderstanding people's criticisms of this story which most Nigerians love to tell without details just to make people feel that they are now big.
A lot of Nigerians (business owners mostly) can afford to buy outrightly, a detached or semi detached duplex in the UK, US, Canada or any other western country if not for certain factors.
Before the rapid plummet of the value of the naira, I agree with the bold.
Mortgage houses favor married women abroad than men, so any Nigerian married man abroad hurrying to get a mortgage house when he hasn't acquired enough properties and investments innigeria and in other African countries is nothing but a fool that will leave to regret it sooner or later. Only married Nigerian ladies abroad celebrate mortgage house, real Nigerian married men abroad don't celebrate such feat unless they have invested enough back home, it's not a wise decision for a married Nigerian man to do, unless your wife is working and ready to contribute 50% or more for the mortgage.
What if the Nigerian man isn't interested in returning to nigeria or anywhere in Africa at all? There are men like that too. But for those who intend to return, I agree that it makes to have a house nigeria and at the same time, have a house in the abroad.
Houses are costlier in highbrow areas innigeria than it is in US, UK, Canada, etc. The money used to buy just 1 plot of land in Lekki phase 1 will buy a semi detached duplex in Houston, Birmingham, Dallas, Atlanta, Halifax, etc. The money used to buy a plot of land in Ikoyi or Banana Island will buy a celebrity mansion in most US, UK, etc cities.
Apples to oranges. You compare highbrow areas innigeria to highbrow areas in the abroad. On that note, houses in highbrow areas innigeria are not more costlier than those in highbrow areas in the West.
Many Nigerian business owners are richer and financially better (without stress) than most Nigerians abroad, but the issue innigeria is the recent level of insecurity and inflation brought upon Nigerians by useless Buhari government and continued by Tinubu's stolen regime If not for insecurity, nothing would have made me to live outside nigeria permanently, unless they will make me President of that foreign country If not for insecurity and high inflation innigeria now, anybody that owns his own successful business innigeria is far better off living innigeria than migrating abroad to do 5/9.
Again, apples to oranges. You are comparing successful Nigerian entrepreneurs innigeria to Nigerian employees in the abroad. You compare entrenrepeurs innigeria to entrepreneurs to those abroad. Nonetheless, I somewhat agree that financially successful Nigerians might be more stable than their counterparts in the abroad as they mostly generated their wealth via physical businesses rather than through the stock market.
Imagine if $1 = NGN250, and £1 = NGN310, tell me why someone that makes a profit of between NGN700,000 to NGN2,500,000 monthly should relocate abroad? Talk more of those that make above 2.5million monthly after expenses without stress or worries?
The value of the naira isn't even the major issue. The Yen and Won of both Japan and South Korea are significantly lower than the dollar yet their business people arent interested in living in the West. The problem is the dysfunctional nature of nigeria, not the currency valuation.
in as much as I encourage young Nigerians of today to relocate abroad if they see an opportunity to leave legally, let's not make it seem like those back home are in horrible state when in reality, most innigeria are doing far better than those abroad legitimately.
Agreed.
Na insecurity and Naira depreciation by useless APC led governments since 2015 destroyed nigeria and made it hopeless
Callosobruchus: Ok, you mentioned those players and how they're been criticized when they underperform,you also admit that they're good players because they do perform well by default(so to speak),my question is at what point did your Pitobi perform to make him be the best thing that can happen to nigeria? PS: I'm not Yoruba but I like them because they welcome visitors,not like your South East people that automatically regard a non tribe a fool for being a non tribe.
The question should be, who performed better than Peter Obi? Mr Yoruba man, a visit to your villages and a village to the south east villages will give u the much needed answer. Check the education indices for a donkey years now
This is not about our IGR is bigger than that of London, Berlin, Cairo, Istanbul put together but a little step out of your capital cities shows that your villages are nothing to behold. Come to anambra, then move back to your osun and tell your self the truth
Earthquakes: nigeria is a death trap, you wake up in the morning dead then fight through the day to stay alive.
As common as India, trucks don’t enter the road until 9pm to 5am. With this the chances of killing people reduces at least. RIP to the deads who were going about their normal business
Some States here also got this law; like Kaduna, trucks can only go through the bypass during daytime. Going to cities and metropolis during the day isn't allowed until after 8 pm.
franchasofficia: Most of you guys are misinterpreting and misunderstanding people's criticisms of this story which most Nigerians love to tell without details just to make people feel that they are now big.
Yes they are better now paying mortgage than paying rent, but they should not make it look like they now own a house in the UK 100% when it's actually a mortgage house.
Say it as it is:
We have got our mortgage house after 3 years in UK or US or Canada and nobody will question or criticize you, but coming out with the bragging title: "we now own a house" when it's actually a mortgage house is deceit.
A lot of Nigerians (business owners mostly) can afford to buy outrightly, a detached or semi detached duplex in the UK, US, Canada or any other western country if not for certain factors.
Mortgage houses favor married women abroad than men, so any Nigerian married man abroad hurrying to get a mortgage house when he hasn't acquired enough properties and investments innigeria and in other African countries is nothing but a fool that will leave to regret it sooner or later. Only married Nigerian ladies abroad celebrate mortgage house, real Nigerian married men abroad don't celebrate such feat unless they have invested enough back home, it's not a wise decision for a married Nigerian man to do, unless your wife is working and ready to contribute 50% or more for the mortgage.
Houses are costlier in highbrow areas innigeria than it is in US, UK, Canada, etc.
The money used to buy just 1 plot of land in Lekki phase 1 will buy a semi detached duplex in Houston, Birmingham, Dallas, Atlanta, Halifax, etc.
The money used to buy a plot of land in Ikoyi or Banana Island will buy a celebrity mansion in most US, UK, etc cities.
Many Nigerian business owners are richer and financially better (without stress) than most Nigerians abroad, but the issue innigeria is the recent level of insecurity and inflation brought upon Nigerians by useless Buhari government and continued by Tinubu's stolen regime
If not for insecurity, nothing would have made me to live outside nigeria permanently, unless they will make me President of that foreign country
If not for insecurity and high inflation innigeria now, anybody that owns his own successful business innigeria is far better off living innigeria than migrating abroad to do 5/9.
Imagine if $1 = NGN250, and £1 = NGN310, tell me why someone that makes a profit of between NGN700,000 to NGN2,500,000 monthly should relocate abroad? Talk more of those that make above 2.5million monthly after expenses without stress or worries?
in as much as I encourage young Nigerians of today to relocate abroad if they see an opportunity to leave legally, let's not make it seem like those back home are in horrible state when in reality, most innigeria are doing far better than those abroad legitimately.
Na insecurity and Naira depreciation by useless APC led governments since 2015 destroyed nigeria and made it hopeless
nah whats the point youre trying to drive. you're just using if this, if that. while you're even living abroad.
franchasofficia: Most of you guys are misinterpreting and misunderstanding people's criticisms of this story which most Nigerians love to tell without details just to make people feel that they are now big.
Yes they are better now paying mortgage than paying rent, but they should not make it look like they now own a house in the UK 100% when it's actually a mortgage house.
Say it as it is:
We have got our mortgage house after 3 years in UK or US or Canada and nobody will question or criticize you, but coming out with the bragging title: "we now own a house" when it's actually a mortgage house is deceit.
A lot of Nigerians (business owners mostly) can afford to buy outrightly, a detached or semi detached duplex in the UK, US, Canada or any other western country if not for certain factors.
Mortgage houses favor married women abroad than men, so any Nigerian married man abroad hurrying to get a mortgage house when he hasn't acquired enough properties and investments innigeria and in other African countries is nothing but a fool that will leave to regret it sooner or later. Only married Nigerian ladies abroad celebrate mortgage house, real Nigerian married men abroad don't celebrate such feat unless they have invested enough back home, it's not a wise decision for a married Nigerian man to do, unless your wife is working and ready to contribute 50% or more for the mortgage.
Houses are costlier in highbrow areas innigeria than it is in US, UK, Canada, etc.
The money used to buy just 1 plot of land in Lekki phase 1 will buy a semi detached duplex in Houston, Birmingham, Dallas, Atlanta, Halifax, etc.
The money used to buy a plot of land in Ikoyi or Banana Island will buy a celebrity mansion in most US, UK, etc cities.
Many Nigerian business owners are richer and financially better (without stress) than most Nigerians abroad, but the issue innigeria is the recent level of insecurity and inflation brought upon Nigerians by useless Buhari government and continued by Tinubu's stolen regime
If not for insecurity, nothing would have made me to live outside nigeria permanently, unless they will make me President of that foreign country
If not for insecurity and high inflation innigeria now, anybody that owns his own successful business innigeria is far better off living innigeria than migrating abroad to do 5/9.
Imagine if $1 = NGN250, and £1 = NGN310, tell me why someone that makes a profit of between NGN700,000 to NGN2,500,000 monthly should relocate abroad? Talk more of those that make above 2.5million monthly after expenses without stress or worries?
in as much as I encourage young Nigerians of today to relocate abroad if they see an opportunity to leave legally, let's not make it seem like those back home are in horrible state when in reality, most innigeria are doing far better than those abroad legitimately.
Na insecurity and Naira depreciation by useless APC led governments since 2015 destroyed nigeria and made it hopeless
You are comparing specific areas in lag to whole countries, lol.
Why don't you compare Lekki and Ikoyi ( so called high brow areas) to the Hamptons in Newyork or Chelsea in London?
But majority of Nigerians don't live in those areas nor do Americans or brits in the areas I mentioned. Let's stick to what gives for the average citizens in these countries.
Next Ownership!
Asset (which means ownership): House
Liability ( how your Asset is financed I.e.debt: Mortgage.
Equity: Asset less Liability.
Now let's focus on the Liability part (mortgage).
At the point you enter into one, what you are effectively saying to the bank is, lend me Bleep amount of money and I'll pay you back over an agreed period of time. Banks are not charities, so they want to minimise the risk of you defaulting on the loan + maintain the time value of the money they are giving to you. How do they do this?
1) a lien on your Asset. Meaning if you don't pay me my money, I'll take this thing ( house) to recover what you owe me. Also it means if you sell the Asset and are paying off other debts, they are first in line amongst all your creditors.
A lien does NOT mean the banks own the Asset, if in doubt, go download the financial statement of any bank. What you will see is as their assets( receivables) is the value of the loans they issued.
If the banks own these houses as you say, then it would be recorded as a different Asset class namely PPE( property, plant and equipment. But it isn't.
So banks do NOT own these properties.
Interest is charged to maintain the time value of the amount loaned. A pound today is worth more than a pound next year because of inflation. Interest is charged to hedge the impact of inflation over the term which you will repay the loan+ a risk premium.
Now because your loan is backed by a security, is is deemed less risky by the bank. This is why mortgage rates are ALWAYS lower than say your credit card which is an unsecured loan.
in both cases, ownership belongs to the loan holder not the loan issuer.
Eriokanmi: Abi how many nigerians dey buy cars on credit you bin wan talk
Come and see the rate at which Nigerians throng usa embassy, Canadian embassy, UK embassy etc for visa. You go fear nah. There's money innigeria for Nigerians to tour with. I remember a day i went to pick my passport at the DHL office , isolo which was dispatched by the usa embassy after a drop box application. Na that time I know say naija dey travel...no parking space that day. Most of the houses located in the eyebrow areas of our main cities were built outrightly. Our people no like gbese oo. They see it as a taboo lol. You sef know this
Who even goes to bank for loans to buy car? Which bank dey grant loan even with all the requirements being met? Nigerians prefer to buy outrightly. I was encouraging my friend who lives abroad recently to go and get my type of floor tiles. Guess what he said...na big man you be nah, na big man dey do that kain tiles oo. Tell me how many Nigerians live on mortgage? Mortgage that's not even there?
FYI, my passport ( speaking for myself) doesn't restrict me oo and I'm not tired of applying for visa which i always get with ease.
Let me ask U a question? With all your bragging, how many new cars are sold innigeria every year?
franchasofficia: It's mostly married Nigerian ladies abroad that celebrate owning a mortgage house, Nigerian men, the sensible and wise ones don't celebrate it.
If you are a Nigerian man abroad, before you think of getting a mortgage house abroad, please make sure you have acquired two or three solid commercial buildings in a bubbling city innigeria. Don't be in a hurry to get a mortgage house as a Nigerian man.
Don't be deceived, houses and lands appreciate a lot innigeria too.
I know some properties and lands I bought some few years back how much they are today if I am to sell them.
But before you buy any land or property innigeria, especially in Lagos, please get a competent property lawyer to go to Alausa secretariat to check the status for you, dont be in a hurry to buy, check the status first.
If you are Igbo, focus more on buying lands and properties in Southeastern cities like; Owerri, Onitsha, Enugu, Aba (though lands don't appreciate fast here dunno why), and maybe Asaba.
Avoid Lagos and Portharcourt if you don't live innigeria. Buying land in Abuja as an Igbo person living abroad is even better than buying in Lagos and Portharcourt. This advice is mainly for Igbos living abroad because currently, with the Lagos state government policies of recent, buying land or properties in Lagos if you are not a Yoruba person or you don't live in Lagos is risky, avoid it if you can.
Botswana is another nice place to invest in.
Ivory Coast is also okay.
Avoid Ghana, Ghana used to be good but situation seems to be changing of recent, guys are selling off now.
If U are living abroad and has no plan to return soon, pls ignore this terrible advice. The worst thing U can do for yourself is building houses innigeria when U can buy house abroad.
Proceed from rent is meaningless, how much will it fetch u? U will use over 40 million to build a house only to rent it out for 500k per year. Renting a mortgage house covers both the mortgage plus extra profits that goes into your pocket. Property abroad is real wealth, the earlier U enter the better for U and your kids in the future. Its a powerful wealth leverage. Houses appreciate better abroad than naija and U get better return on investment both short and long term.
Purchase of cast acre of lands is the only thing I will advise abroad guys to invest innigeria. Take this from someone writing from experience.
It's mostly married Nigerian ladies abroad that celebrate owning a mortgage house, Nigerian men, the sensible and wise ones don't celebrate it.
If you are a Nigerian man abroad, before you think of getting a mortgage house abroad, please make sure you have acquired two or three solid commercial buildings in a bubbling city innigeria. Don't be in a hurry to get a mortgage house as a Nigerian man.
Don't be deceived, houses and lands appreciate a lot innigeria too.
I know some properties and lands I bought some few years back how much they are today if I am to sell them.
But before you buy any land or property innigeria, especially in Lagos, please get a competent property lawyer to go to Alausa secretariat to check the status for you, dont be in a hurry to buy, check the status first.
If you are Igbo, focus more on buying lands and properties in Southeastern cities like; Owerri, Onitsha, Enugu, Aba (though lands don't appreciate fast here dunno why), and maybe Asaba.
Avoid Lagos and Portharcourt if you don't live innigeria. Buying land in Abuja as an Igbo person living abroad is even better than buying in Lagos and Portharcourt. This advice is mainly for Igbos living abroad because currently, with the Lagos state government policies of recent, buying land or properties in Lagos if you are not a Yoruba person or you don't live in Lagos is risky, avoid it if you can.
Botswana is another nice place to invest in.
Ivory Coast is also okay.
Avoid Ghana, Ghana used to be good but situation seems to be changing of recent, guys are selling off now.
cococandy: Since you know so much, are they better off renting?
Even if they don’t own it fully, the money they have in it is better than what a renter DOES NOT have in another person’s house. No?
Y’all just love to talk
Most of you guys are misinterpreting and misunderstanding people's criticisms of this story which most Nigerians love to tell without details just to make people feel that they are now big.
Yes they are better now paying mortgage than paying rent, but they should not make it look like they now own a house in the UK 100% when it's actually a mortgage house.
Say it as it is:
We have got our mortgage house after 3 years in UK or US or Canada and nobody will question or criticize you, but coming out with the bragging title: "we now own a house" when it's actually a mortgage house is deceit.
A lot of Nigerians (business owners mostly) can afford to buy outrightly, a detached or semi detached duplex in the UK, US, Canada or any other western country if not for certain factors.
Mortgage houses favor married women abroad than men, so any Nigerian married man abroad hurrying to get a mortgage house when he hasn't acquired enough properties and investments innigeria and in other African countries is nothing but a fool that will leave to regret it sooner or later. Only married Nigerian ladies abroad celebrate mortgage house, real Nigerian married men abroad don't celebrate such feat unless they have invested enough back home, it's not a wise decision for a married Nigerian man to do, unless your wife is working and ready to contribute 50% or more for the mortgage.
Houses are costlier in highbrow areas innigeria than it is in US, UK, Canada, etc.
The money used to buy just 1 plot of land in Lekki phase 1 will buy a semi detached duplex in Houston, Birmingham, Dallas, Atlanta, Halifax, etc.
The money used to buy a plot of land in Ikoyi or Banana Island will buy a celebrity mansion in most US, UK, etc cities.
Many Nigerian business owners are richer and financially better (without stress) than most Nigerians abroad, but the issue innigeria is the recent level of insecurity and inflation brought upon Nigerians by useless Buhari government and continued by Tinubu's stolen regime
If not for insecurity, nothing would have made me to live outside nigeria permanently, unless they will make me President of that foreign country
If not for insecurity and high inflation innigeria now, anybody that owns his own successful business innigeria is far better off living innigeria than migrating abroad to do 5/9.
Imagine if $1 = NGN250, and £1 = NGN310, tell me why someone that makes a profit of between NGN700,000 to NGN2,500,000 monthly should relocate abroad? Talk more of those that make above 2.5million monthly after expenses without stress or worries?
in as much as I encourage young Nigerians of today to relocate abroad if they see an opportunity to leave legally, let's not make it seem like those back home are in horrible state when in reality, most innigeria are doing far better than those abroad legitimately.
Na insecurity and Naira depreciation by useless APC led governments since 2015 destroyed nigeria and made it hopeless
Peter Obi is a dullard. nigeria sends power to Benin Republic, Togo, and Niger republic. Peter Obi would think that we have supplied power to all our major cities, hence we have suplus that we send outside the country.
Eriokanmi: Abi how many nigerians dey buy cars on credit you bin wan talk
Come and see the rate at which Nigerians throng usa embassy, Canadian embassy, UK embassy etc for visa. You go fear nah. There's money innigeria for Nigerians to tour with. I remember a day i went to pick my passport at the DHL office , isolo which was dispatched by the usa embassy after a drop box application. Na that time I know say naija dey travel...no parking space that day. Most of the houses located in the eyebrow areas of our main cities were built outrightly. Our people no like gbese oo. They see it as a taboo lol. You sef know this
Who even goes to bank for loans to buy car? Which bank dey grant loan even with all the requirements being met? Nigerians prefer to buy outrightly. I was encouraging my friend who lives abroad recently to go and get my type of floor tiles. Guess what he said...na big man you be nah, na big man dey do that kain tiles oo. Tell me how many Nigerians live on mortgage? Mortgage that's not even there?
FYI, my passport ( speaking for myself) doesn't restrict me oo and I'm not tired of applying for visa which i always get with ease.
You're not refuting my point. They prefer to buy outrightly because they don't have an option not to. nigeria is still a cash economy they can't be trusted to pay back. When Nigerians travel, they mainly travel to hustle they hardly travel for holidays because they're still in survival mode. Only the rich travel for holidays, the average nigerian doesn't.
With a total of 77k armed forces, how many can they send to nigeria how much of our almost one million square km can they effectively control.
It’s why as I mentioned before that the UK will struggle to take nigeriain modern times simply because nigeria’s landmass and population is huge. The Americans, Russians and Chinese would have a much better time. But as I said before that the Brits having not much manpower could be negated by their superior technology such as guided missiles, drones, fighter jets etc. the UK won’t be able to conquer nigeria without nuking a few cities. If they Nuke Abuja and Lagos which are the political, economic and cultural capitals of the nation. The the nation will fall into even more chaos than it is in already.
They don't give loans innigeria to buy these things because they don't trust them.
And how are you saying you travel more than them when your passport restricts you from so many places?
Abi how many nigerians dey buy cars on credit you bin wan talk
Come and see the rate at which Nigerians throng usa embassy, Canadian embassy, UK embassy etc for visa. You go fear nah. There's money innigeria for Nigerians to tour with. I remember a day i went to pick my passport at the DHL office , isolo which was dispatched by the usa embassy after a drop box application. Na that time I know say naija dey travel...no parking space that day. Most of the houses located in the eyebrow areas of our main cities were built outrightly. Our people no like gbese oo. They see it as a taboo lol. You sef know this
Who even goes to bank for loans to buy car? Which bank dey grant loan even with all the requirements being met? Nigerians prefer to buy outrightly. I was encouraging my friend who lives abroad recently to go and get my type of floor tiles. Guess what he said...na big man you be nah, na big man dey do that kain tiles oo. Tell me how many Nigerians live on mortgage? Mortgage that's not even there?
FYI, my passport ( speaking for myself) doesn't restrict me oo and I'm not tired of applying for visa which i always get with ease.
Other states outside the South East of nigeria are currently experiencing ecological disasters and gully erosions of multiple dimensions. So, this isn't a case of the continuation of a low-key Nigerian Civil War. The challenges seem to get bigger as work is carried out on some erosion sites, hence, some sites have witnessed failed sections after getting fixed.
Read up on the Federal Government and the NEWMAP World Bank erosion assisted program.
Other Web links below show that the Federal Government through NEWMAP has been involved in providing counterpart funding for the works on erosion sites... and incidentally Auchi is still battling with gully erosions as of 2024. in December 2023, the Vice President of nigeria Kashim Shettima also visited Anambra in the second Web link below and flew in a helicopter over erosion sites. He emphatically promised Governor Soludo that work will continue on the erosion sites.
Ondo State is currently experiencing a massive erosion of the Atlantic coastline in the oil and gas-rich Ilaje area and a lot of the Ilaje-Yoruba folks there have lost their ancestral homelands to the Atlantic. I saw a documentary on the Ilaje tragedy and a prominent member of that community pointed to a location far out in the ocean horizon and said that was where his house and that of others used to be located. My jaws nearly hit the ground because the location where land used to be was very far out by several kilometers into the ocean!
This is what would have happened to Victoria Island in Lagos State if Bola Tinubu as the then Governor of Lagos had NOT come up with the Eko Atlantic City idea with the private sector because the Federal Government at that time was just pussyfooting while the highly embarrassing Atlantic ocean surges swept right through Victoria Island and environs.
I would advice all the states affected by sea and gully erosions to follow the lead of Lagos State under the then Governor Tinubu and partner with private companies that have specialties in these remedial or land reclamation projects while also working to energise the Federal Government/NEWMAP initiative on gully erosion.
Lagos State had all the money needed to invest on the Victoria Island/Eko Atlantic City land reclaim. Other State governments hardly afford urban drainage system for their cities. Rural drainage systems are out of the books. Asking State governors to provide funding to be complemented by the Federal government for control of erosion problems, is like passing the buck on erosion control from the federal to the state governors. The federal government needs to initiate and fund erosion control measures. The federal government had since assigned the task of erosion control to itself.
If e easy, go join armed forces. Those youths fighting to protect your silly arse are your age mates. While you sleep, wake up and criticize, they stay awake, with hardly enough food, to protect your own life.
Whatever it is, we must commend our armed forces. Without them, cities like Ibadan, Lagos, Kano, Enugu, long would have been overrun by those evil rats from hell.
nobody is going to overrun anybody. both groups are jokers and this is an endless useless exercise. the earlier they both pack up this charade and go home the better for the young men and women enlisting as pawns on the board in the name of nigeria military.
"There are Hausas and Fulanis of other Faiths, and not all Muslims are Hausas or Fulanis."
Nobody is saying otherwise but when Hausa-Fulani is mention, the Muslims and not the people of other faiths among them comes to mind. Just like when you mention the Berom, the Sayawa, or Angas, the Muslims among them hardly come to mind. It's that simple.
"Dan Fodio was an ethnic purist as seen in his actions. His Jihad saw to the elimination of Hausa Kings and their household but elevated foreigners - his kinsmen to the traditional stool of another ethnic group."
I thought you know a little about the Jihad, it seems I'm wrong. Most of Hausa kings such as Bawa Jan Gwarzo and Muhammad Yumfa, were only Muslims by names. They were more into paganism (maguzanci) than practicing the true the Islam. Bori and other magical practices were the order of the day. As a citizen you do not have the right whatsoever as you and your property belongs to the king, even, sometimes, your wife. People were subjected to slavery (literally), a high tax, and all sorts of despotic rule. That was what Shehu Danfodio started preaching against but the Kings couldn't take it, an attempt to assassinate him by the then King of Gobir Muhammad Yumfa failed, and that was the beginning of the Jihad. Danfodio didn't bring Islam to the north but he had the credit of reforming it (Islam). Without his reform, Islam would probably have long been lost in Hausaland. This is one of the reasons why people like you will never like him. Danfodio appointed (or gave flag) to only 14 Emirs, what happened to the remaining towns and citiesin the north and who were in charge? Still, even among the 14 emir's appointed, not all of them were Fulanis. The criterion of the appointment wasn't tribal but competence based on the knowledge of the religion (Islam) since as a King you're also a Judge, and to be a Judge you need to be learned in the Qur'an and Hadith, the two primary sources of Islamic law. That's why Mallam (meaning scholar was added to their names like Mallam Yakubu, Bauchi; Mallam Zaki, Katagum; Mallam Dan Ashafa, Gusau; Mallam Sambo, Hadejia, Mallam Dan Tunku, Kazaure etc). If it were purely tribal affairs, you'd have heard "Hardo" this or that and not "Mallam". Besides, there was no revolt against the appointments by the people whatsoever, in fact the appointees we're heartly welcomed. Furthermore, if Danfodio was a tribal "purist", he would have ensured that Fulfulde became the new lingua; or he'd have at least promoted Fulfulde over there languages, but that wasn't the case. Everyone was allowed to maintain his language. It may interest you to also know that Danfodio retired to his home after the Jihad and didn't take any appointment until his death. I can't believe you don't know all these. Not a rocket science, yeah, but still seems to be beyond your comprehension.
"... they effectively became indigenes of those areas after the Fulani Jihad."
Being indigenous and being in control of a kingdom are two different things. I expected you to tell me who were the original inhabitants of the places I earlier mentioned- Yola, Girei, Mayo-Belwa, Lamurde, Fufore, Mubi, and Gombi, among others.
No state innigeria can brag of having only one tribe, but among several tribes that make up the state, you find a particular tribe that form a majority if you take the population of every individual tribe into consideration. What makes Adamawa state different is what I'm yet to understand. There are tribes in Adamawa, just like in every state but which among them is more populous/larger than the Fulanis? Jukun? Lol. I think you're the one driving in circles.
"I also opined that the was no kingdoms ruled by Fulanis in 1600 and what existed was Kwararafa, Nupe and Kanem Bornu, and they had little or no Hausa and Fulani in their midst. If Fulanis didn't exist there and had no control of the affairs there, how come they have kingdoms in these places today?"
I can't believe you're saying this. Are Fulanis in control of Takum (Kwarrarafa or Maiduguri (Borno)? I've asked you this same question before. Jukunawa like Kanuri have their emirate system (if I can use that), and no Fulani had anything to do with it.
"Kwararafa went beyond Jukun land..."
This has never been my concern, so I don't give a damn about what Kwararrafa was and what it was not. All I know is that the Fulanis you people so much love to hate had nothing to do with it since "the Fulani Jihad didn't anoint a leader or set up an Emirates there" (to borrow from you).
On Gombe, as I pointed earlier, as long as the Christian minority didn't misuse the privilege like their brothers in Kaduna and Niger, the political harmony remains. Being a Fulani or not has never been an issue. We've gone beyond that.
If Hausa language is a precursor to taking over a land by the Muslims as you want us believe, there are indigenous Hausa Christians even in Kano, why have they not been taken over?
"They migrated into and dispersed in Africa..."
Assuming there are Arabs in this country, if one mention that they migrated from North Africa he may be right because everyone can see that the northern Africa is a home to the Arabs. in the case of Fulanis, how did they migrate all from North Africa, at the same time, in millions, and spread across northern nigeria since there are no Fulanis in North Africa is what you still failed to tell us.
"If Hausawa refer to Hausa speakers, Bajari refers to Jarawa speakers, Angasawa refer to Ngas speakers etc how come Gobirawa, Bussawa, Dukawa, Zarma, Kambarri etc are refered to as a branch of Hausawa?"
Lol. Have you ever heard of Kanawa, Zazzagawa, Zamfarawa, Katsinawa, Daurawa, Katagumawa, Hadejiawa, etc? Do they speak any language different from Hausa? No. They all speak Hausa from time immemorial. Same thing with Gobirawa. You can't discuss the history of Hausa and Shehu Uthman Danfodio's Jihad without mentioning Gobirawa, and neither the Gobirawa nor anyone has ever said that they aren't Hausa, except you, today. The Hausas add "wa" after the people not after a language, that's why you have Jasawa, Gombawa, Yarbawa, Nupawa, etc. When they want to refer to a language what they add is "ci" like Nupanci, Yarbanci, Angasanci, Sayanci, etc. Surprised you do not know this.
"The folks from Zuru told me they have a mother tongue and they still speak it."
Anyone knows this and isn't peculiar to Zuru alone. But Gobirawa have always been Hausa. Ask.
"What I narrated above is the common experience of majority of the youths who have lost their ethnic identity because their parents don't speak their mother tongue at home or they themselves don't speak so as to be regarded as Hausa or are seeking for visibility within the national and national space."
And someone like you will, one day, accuse Hausa for "swallowing" their language. Lol
"What I have expected of you in this discourse is to put it to (me) that some parts of present day Northern nigeria were coopted from Cameron Chad and Niger. Lumping some of this strange fellows together by the modern governance architecture of nigeria... But like I said I am informed."
I expected you also to know that nigeria was a creation of British colonial masters that the Muslim North never wanted to be part of. The British colonial masters after the Berlin conference of 1884-1885 balkanized Africa, tearing people apart, and bringing total strangers that have nothing in common together. Many northern Muslims will prefer to be associated with the Sokoto Caliphate than this contraption/concoction formed by the colonial masters and named by Lugard's mistress. How people seems to be oblivios of all these and accused the Fulanis at every slightest opportunity is beyond me, especially those who boldly and brazenly brag of being "informed".
Am sure the following spoken languages point to the existence of natives before the arrival of Fulani Jihadist; Yola - Laka, Mumuye, Girei - Mbola, Mayo-Belwa - Mumuye, Dong, Kumba, Nyong, Yandang, Lamurde - Bachama (one of the natives the Fulani Jihadists couldn't defeat) Fufore - Bachama, Koma, Mumuye, Mboi, Kugama, Kumba, Mubi - Gude, Kilba, Margi (ta waye), Bata, Gombi -Ga'aanda, Huba, Mboi, Amongst others...
Which one is Jasawa? hmm a social Club!!
"Being indigenous and being in control of a kingdom are two different things." That's the Colonial Model, which abhors one being in charge of his/her house or destiny but favours foreigners.
Like I said seperate Hausa, Islam and Fulani, they are not the same. Attempt to make the interest and the destiny of trio one and the same is nothing but deception.
"On Gombe, as I pointed earlier, as long as the Christian minority didn't misuse the privilege like their brothers in Kaduna and Niger, the political harmony remains". I have 'treated and cured' this sentiment.
"If Hausa language is a precursor to taking over a land by the Muslims as you want us believe, there are indigenous Hausa Christians even in Kano, why have they not been taken over?" This too has been treated and cured' even by you. They like the Fali of Adamawa fought and rejected Islam and were labeled pagans.
"What I narrated above is the common experience of majority of the youths who have lost their ethnic identity because their parents don't speak their mother tongue at home or they themselves don't speak so as to be regarded as Hausa or are seeking for visibility within the sub-national and national space."
"And someone like you will, one day, accuse Hausa for "swallowing" their language." Lol
You like drama, I have put the issues up and have also painted the pictures leading up to the outcomes. So it's also treated and cured.
"The British colonial masters after the Berlin conference of 1884-1885 balkanized Africa, tearing people apart, and bringing total strangers that have nothing in common together." No argument.
"Many northern Muslims will prefer to be associated with the Sokoto Caliphate than this contraption/concoction. How people seems to be oblivios of all these and accused the Fulanis at every slightest opportunity is beyond me, especially those who boldly and brazenly brag of being "informed". Well you said many so no argument but I doubt most would want to go with the FULANI DYNASTY.
This thread is on ethnicities but you're trying very hard to introduce religion which is what you folks hide behind to shift focus from any discourse.
The British came to nigeria under a guise but with time they fought, arrested, detained, exiled and killed our kings and people's just to overrun our territory and enthrone themselves as the rulers of nigeria thus serving themselves with our resources. At the end Nigerians fought and negotiated with the British till they exited our country. What is the difference between Danfodio and British colonialist? Both invaded territories which were not theirs under a guise, suppressed, overthrew, killed and by force exalted themselves on the throne of their host.
I knew you would come with the adulteration of the practice of Islam as a justification for the Fulani War against Hausaland. It's sickening to hear people say they fought and killed for God. If a religion is owned by God then God should fight for himself and not send some mere mortals to fight for him. The Ethnic cum Economic war achieved land grabbing and enthroned guests over the hosts in the guise of religion which is still causing tension till today. Isn't it laughable to say only Fodio and his band men were practicing pure Islam throughout nigeria because his band men took their ethnic war to Kanuri land, Yorubaland and others. Religion is still by choice not by force.
"The earliest Fulbe polity was established in Bundu in 1690. The first armed uprising took place in Futa Jallon in 1725, when FULA PASTORALISTS, ASSISTED BY MUSLIM TRADERS, ROSE AGAINST THE INDIGENOUS CHIEFDOMS. By 1750, the Fula had established the Imamate of Futa Jallon and placed the region under sharia law. Their success inspired the Toucouleurs on the banks of the lower Senegal to establish their own state, the Imamate of Futa Toro, through a series of wars between 1769 and 1776. in the early 19th century, the jihad movement spread eastward to the Hausa states. The revolutionary Usman dan Fodio, through a series of jihads begun in 1804, created the Sokoto Caliphate.,"
"THE FUTA JALLON STATE WAS BORN in 1735 WHEN FULANI MUSLIMS DECIDED TO RISE AGAINST THE NON-MUSLIM INDIGENOUS GROUPS AND DJALONKE RULERS TO CREATE A CONFEDERATION OF PROVINCES."
"At the beginning of the 19th century, USMAN DAN FODIO OVERTHREW thZe HAUSA KINGS TO CREATE A NEW FULANI EMPIRE."
Adamawa (now partially in Cameroon), founded in 1809; title Baban-Lamido
Agaie, founded in 1822; title emir
Bauchi Emirate, founded in 1805; title Lamido ( lamiɗo in Fula language), meaning "ruler" (similar meaning to Emir )
Gombe, founded in 1804; title Modibo Gombe.
Gwandu, a major Fulbe jihad state, founded in 1817; title Emir
Hadejia, replaced Biram (title Sarkin Biram) in 1805; new title Sarkin Hadejia, from 1808 also styled Emir
Jama`are, founded in 1811; style Emir.
Jema`an Darroro, founded in 1810; title Emir
Kano replaced the old (Hausa) Kano state in March 1807; the old title Sarkin Kano is still used, but now also styled Emir
Katagum, founded in 1807; title Sarkin Katagum, also styled Emir
Katsina replaced the old (Hausa) Katsina state in 1805; the old title Sarkin Katsina is still used, but now also styled Emir.
Kazaure, founded in 1818; title Emir.
Keffi, founded in 1802; title Emir
Lafiagi, founded in 1824; new title Emir
Lapai, founded in 1825; style Emir
Muri, founded in 1817, style Emir;
Sokoto, the center of the Fulani jihad, established in 1804 by Usman dan Fodio, title Amir al-Mu´minin, also styled Lamido Julbe; on 20 April 1817 Sokoto was styled sultanate (title sultan, also styled Amir al-Mu´minin and Sarkin Musulmi), the suzerain of all Fulbe jihad states.
Zaria, 1808. Emir, also styled Sarkin Zaria and Sarkin Zazzau.
Prices of essential food items have gone up by at least 30 per cent between December and April in at least eight states, according to surveys by our correspondents.
The development has made consumers groan, saying the hikes in the prices of goods have affected their budgets.
Prices of food items have continued to soar across the country despite the recent rebound of the naira.
This came as President Bola Tinubu recently vowed to ensure a rebound of the local currency reflected in the prices of commodities.
As a follow-up to the President’s decision, operatives of the Federal Competition and Consumer Protection Commission last week raided some Abuja supermarkets over unfair pricing, vowing to extend the clampdown to other states.
However, the latest findings by our correspondents showed that the prices of basic food items like beans, and garri had risen by at least 30 per cent.
The surveys were conducted in Lagos, Ogun, Gombe, Kwara, Sokoto, Ekiti, Osun and Niger states.
in the past few months, the prices of major food items have continued to rise, especially after Tinubu removed the petrol subsidy and devalued the naira. As the country’s inflationary pressure deepens, Nigerians have been finding it difficult to put food on their tables. This became aggravated when the naira fell sharply against the dollar and other foreign currencies like the CFA between February and March.
As the naira appreciated in the foreign exchange market lately, there were high expectations that the prices of food items, which went up alongside the dollar, would also follow a downward trend in the market. However, findings by our correspondents confirmed that only the prices of rice had so far reduced.
As of Wednesday, findings showed that the prices of beans, garri and other food items remained high despite the naira appreciation.
Our correspondents who visited various markets in some states gathered that traders and sellers were lamenting over the high cost of food items; though the prices differ depending on the location.
According to the surveys, a bag of garri now sells at N41,000, up from N37,000 in less than two weeks ago. in January, it was around N31,000. This indicates a 31 per cent increase.
Similarly, a bag of one kilogramme of Semovota which went for N700 in December now goes for N1,400. This represents a 100 per cent increase in the price. Also, one kilogramme of wheat which went for N500 in December is now being sold for N1,200. This indicates a 140 per cent hike.
Also, findings showed that in January, a bag of beans went for between N65,000 and N70,000. However, as of Wednesday, a bag of beans went for N185,000. This indicates a 164 per cent increase.
The development means that the least increase recorded in the category of basic and essential food items is 31 per cent; this was seen in the price of garri.
Consumers groan
The situation has made consumers in various parts of the country lament the hardships caused by the price hikes.
Speaking to The PUNCH, a resident of Isolo, Mr Rafiu Adedoja, complained that the price of a wrap of his favourite meal, amala, had increased.
According to him, due to the nature of his work as a bricklayer, he eats daily at a popular canteen. He lamented that he used to buy a wrap of amala for N100 but now he buys at N200, noting that the portion has become smaller.
He noted that he now buys at least five wraps which is N1,000, excluding the meat which brings the cost of his meal to between N1,600 and N2,000 which is not economical for him given the present state of the economy where jobs come in trickles.
Also speaking to our correspondent, a mother of four, who is a hairdresser in the Okota area of Lagos, Mrs Bola Adekunle, decried that the majority of the food items in the market especially garri, beans, groundnut oil, and even yam had increased which was affecting so many people especially low-income earners like her with children to feed.
She told our correspondent that food prices were becoming unbearable and getting worse daily.
“We eat once a day now, but if I record higher sales, we can eat twice. in the last two months, I can’t remember the last time that my family ate three square meals,” Adekunle moaned.
An industrial chemist, Mr. Harrison Chinaka, said, “It is very obvious that there has been a continuous and rapid hike in the prices of goods in the market. I mean every foodstuff in the market; the prices are increasing almost every hour
“You find out that what you bought in the morning by the time you get there in the afternoon or evening, they will tell you that the price has changed. I bought a paint of garri not up to two weeks ago for about N2, 900 and three days after I went to buy the same quantity of garri and I was told it now goes for N3,500
“The same thing applies to bread and provisions, the prices of everything are increasing and it is not as if salaries are being increased and it is becoming difficult for an average Nigerian to cope especially someone with a family. The person has to pay school fees, house rent and continuously pay bills, it is becoming difficult to survive here innigeria,” he said.
Also speaking, Mr. Prosper Dike, said, “As for me what I will say is that the prices of commodities now are no longer the same as it is used to be before. For instance, a bag of rice has gone higher than what it used to be. How do you expect us with our source of income that has not increased, how do we meet up considering the way things are going?”
Pointing out that the price of the dollar had depreciated to the naira in recent times, a factor that lots of traders blame for the hike in food prices, Dike wondered why prices of food are yet to reduce.
“If there is anything the government can do to help because the situation is choking, the cost of living now is not easy. People can’t afford three square meals a day again because things have gone up. Even though the dollar has come down things are yet to come down,” he lamented.
A businesswoman, Tomisin Sunday, lamented that the hikes in the prices of foodstuffs had remained leading her to reduce the quantity of food she buys during her weekly grocery shopping.
Sunday, who shops at the popular Iyana-Iba market along the Lagos-Badagry Expressway said that as of Wednesday, the prices of tomatoes had come down to N2,400 for a custard bucket but that pepper was still so expensive.
“The price of ginger has refused to come down though. It was N11,000 today. Last week, it was N13,000. I use it for my Zobo drink, which I sell. At this rate, I may be unable to keep selling at the current price that my customers are used to.
“As for foodstuffs, I come to the market fairly regularly because things are too expensive and my money is not usually enough. At this point, I’m doing business just to be able to feed my family.
A tailor, Udeme Nicholas, was so frustrated by the situation that he lamented, “It feels almost as if my village people are following me. I get plenty of jobs and my rates are not cheap, so I get well paid for my services but when I calculate how much I spend on food alone every week for my three children, wife and myself, it gets me depressed.
“If my wife had been the one going to the market, maybe, I would have suspected she was cheating me but you see, I go to the market and it is not funny. I have got kids under five years of age, I can’t be denying them basic nutrition but the situation is getting worse.”
Contacted, the South-West spokesperson for the National Association of Pensioners, Olusegun Abatan, decried the upward movement of food prices, saying that no serious government would watch its senior citizens suffer.
While expressing disappointment, Abatan recalled Tinubu’s promise to give pensioners a N25,000 palliative to cushion the effect of the current economic crisis, he claimed that no pensioner had received the promised funds.
He further blamed the current economic crisis on the President’s announcement of the removal of the fuel subsidy at his inauguration.
He said, “The root cause of this hardship can be traced to the statement of President Bola Tinubu, on his inauguration day. A more careful statement should have been uttered rather than that ‘Subsidy is now gone’.
“It is not only food that is on the high side, even drugs cannot be got easily by pensioners and even by those who are sick since the price is skyrocketing and this was because of that president’s singular statement. That statement is not well thought out.”
Abatan added, “The President declared that he was going to give N25,000 to pensioners as palliatives but till now we have not yet got any kobo. This has led to disappointment on the part of our members.
“This is the rainy season, what efforts are they putting in place to ensure that farmers can do their jobs without fear of being killed or kidnapped? We can only appeal to the government to wade in and be more serious in their actions towards ensuring that food prices crash.”
Prices rise
in Ogun State, the price of one bag of beans has continued to soar alongside that of garri, according to traders. A foodstuffs vendor in Ikenne, Ogun State, Friday Kingsley, told our correspondent that one bag of beans which used to be around N70,000 in January, had since risen to N185,000. This indicates a 164 per cent hike.
Kingsley added that a bag of garri now sells at N41,000, up from N37,000 in less than two weeks ago.. in January, he said it was around 31,000 in January.
“The price garri is going higher by the day. I bought one bag of garri at the rate of N37,000 in Siun Market 10 days ago, but the same bag sold for N45,000 yesterday. We don’t know why garri is not coming down.
“in January, I used to buy a bag of beans around N65,000, N70,000; but today, I bought the same bag at N185,000. I couldn’t even pay in full. I’m afraid it may get to N200,000. The rise in the prices of beans and garri is very disturbing,” Kingsley said.
Also, a trader in Sagamu, who identified herself as Ashake disclosed to our correspondent that 1kg of Semo rose from N700 in December to N1,400 as of Wednesday. According to her, the price of 1kg of wheat used to be N500 in December, but it now sells for N1,200. in Abeokuta, bread sellers complained of price hikes, as the smallest loaf of bread rose from N150 in October 2023 to N300 or N400.
in the same vein, traders told our correspondent in Ibafo that a bag of sachet water now sells at the rate of N400, while retailers sell one or two sachets for N50, depending on the location and the seller. But there seems to be a glimmer of hope as Mr Success, who sells food items in Iperu, disclosed that a carton of Indomitable noodles has dropped from N12,000 in February to around N7,000 as of Wednesday. Findings at Oba Lipede market in Kuto, Abeokuta revealed that a yam tuber goes for between N2,800 and N3,000.
A retired civil servant, Mrs Titi Alabi, said that it was tough feeding the family with the way the prices of foodstuffs have continued to skyrocket.
Alabi said that the palliatives from the government were a far cry from the challenges Nigerians currently grapple with, particularly with the escalating prices of food.
“We just have to go back to farming. Government at all levels must increase its investment in agriculture, we must look for how to boost food production,” she stated.
Similarly in Lagos, food items like pepper, spaghetti, onions and oil maintained high prices amid naira rebound. Traders in Oshodi and Agege markets in Lagos State said the food prices went up between January and April and have refused to backtrack.
Speaking with our correspondent, a pepper seller in Agege, who was identified simply as Mrs Kareem, noted that in October, a big basket of pepper was sold between N60,000 to N74,000, expressing worries that the same size is now sold for N103,000. She added that a basket of tomatoes was sold for N35,000 mid-last year, but it is now sold for N65,000. Kareem further stated that a bag of onions rose from N30,000 to N60,000 in January, saying it has reduced to N47,000 as of Monday.
At the Ikotun Market in Alimosho Local Government Area of Lagos State, The PUNCH observed that a derica of beans which was sold earlier in the year at N750, now sells for N1,200. Giving details of the prices, a trader, Chidera Madu, said, “Half Derica of beans was sold for N600 before, but now it is N1,200; a small portion of pepper was N100, but it is now N200 upwards. Five litres of palm oil used to be N5,000, but now it is N8,000. One medium loaf of bread was sold for N850 in December, but it is now N1,300”. She lamented that despite the drop in the value of the naira against the naira, the prices of daily consumables remained high.
A[b] foodstuffs vendor around Idimu, Lagos, Christian Igwe, admitted there was a drop in the prices of noodles, saying the cartoon of a brand of noodles, which sold for N9,000 some weeks ago now sells for N6,000. Igwe argued that one should not expect traders who bought goods when they were highly expensive to sell them at a loss; saying they would have to exhaust the old stock. [/b] Expressing concern over the cost of food in Lagos, wholesale food seller in Isolo Market, Mr Idris Adebowale, explained that tubers of yam are still expensive because this is the off-season for planting. According to him, a tuber of yam, depending on its size, now sells between N2,500 and N3,000, up from N1500 some weeks ago.
Across major markets in Gombe metropolis, prices of food items are on a steady rise. The markets include Baban Kasuwa, Kasuwa Tumfure, Kasuwa Cross. Unlike most cities where grains are sold in derica, food items are sold in modules in these northern markets. Garri sells for N950, a container of beans sells for N1,400, an average-size tuber of yam costs N1,500, while millet is N1,200. Traders said all these prices were far above what they used to be.
in Osun State, checks in some markets within Osogbo metropolis revealed prices of many locally produced food items remained high.
At Oluode, one of the major neighborhood markets in Osogbo, a module of garri goes for N1, 200, while a bag of local rice that was sold for N50, 000 last week, currently sells for between N55,000 and N57,000.
Cost of pepper has also remained high, the situation blamed on high cost of transportation from the North where buik of the item was being brought to the state.
Sokoto markets
in Sokoto State, residents lamented the rising cost of foodstuffs continue to rise in the market. According to them, a plate of white beans now sells at the rate of N3,000 while a plate of garri which was sold for N2,200 a few weeks ago now goes for between N2,500. Millet, which is the most commonly consumed food in the state has also moved above N2,000.
It was a similar scenario in Ilorin, Kwara State, where the prices of foodstuffs continue to soar. in Baboko and Mandate markets W showed that a bag of beans was sold at N135,000 instead of N129,000 two weeks ago. A bag of guinea corn which previously sold for N52,000 was sold at N57,000, while a plastic of garri has increased from N15,000 to N17,000.
It was observed that a small bag of yam flour now costs N160,000 while a big bag sells at N280,000, indicating a sharp increase from what it was a few months ago.
The price of six average-size tubers of yam was between N8,000 while the big tubers of yam were sold at between N13,000 and N15,000. A foodstuffs dealer at Baboko market, Mrs Rodiat Mustapha said the cost of transportation is one of the factors responsible for the high cost of food.
in Niger, traders still blame the dollar for the hike in food prices. For instance, at the Thursday Market and the Kure Market, customers were seen complaining about the cost of food, but the traders said they were not to blame.
“It is not our fault. We also want the items to come down in their prices because there is low patronage. But we buy at very expensive rates too,” Hauwa said.
The PUNCH investigation revealed that a kilogramme of cow meat sells for N5,000 while chicken sells for between N6,500 and N8,000, depending on the location. It was also observed that fish has gone above the purchasing powers of the common man as one medium-sized sardine now goes for about N3,000.
At the markets in Ado Ekiti, the Ekiti State capital, the prices of food items also remain high. A measure of garri which was sold for N500 or N600 in December is now N1,200.
A trader at Oja Oba, who identified herself as Dupe, said, “A measure of beans is now N2,000. It was like N700 before the subsidy removal. We sell as we buy, we are not the problem”.
Also, a yam seller at the Okesha Market, Bimbo, explained that the prices of five tubers of yam rose from N2,500 last year to N6,000. She said the price hike applied to all commodities because of the high transport cost.
“We now sell five litres of palm oil at the rate of N6,000. It used to be N2,500 before subsidy removal. May God come to our aid,” the trader prayed.
Meanwhile, the government at the three tiers have been advised to support farmers with accountable and transparent incentives while encouraging farming by enabling farmers to secure mechanised farming tools in farm clusters.
The Lagos-Calabar Coastal Road is a major highway project innigeria that spans up to 700km, connecting the cities of Lagos and Calabar along the Atlantic coast. The road passes through several states, including Lagos, Ogun, Ondo, Edo, Delta, Bayelsa, Rivers, and Akwa Ibom, before terminating in Calabar, Cross River State.
The first phase covers a 47.47-kilometer dual carriageway with five lanes on each side and a train track in the middle.
Watch full video: THE 15.6 TRILLION LAGOS-CALABAR COASTAL HIGHWAY PROJECT - All YOU NEED TO KNOW ABOUT THE PROJECT
12.5kg Composite LPG Gas Cylinder for Propane and Butane only is now N75,000 from Ragas and we offer delivery services within Lagos and other major citiesinnigeria
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The first fibre cylinder was made in Norway by Hexagon Ragasco and delivered to the Norwegian Navy in 1996 to help keep their ships lighter and also remove the extra danger of gas cylinder explosion if their vessels, boats, or ships are attacked.
Call, Whatsapp or Text 081 234 20004 to order a 12.5kg fibre cylinder in Lagos for N75k or you can buy already filled with gas for N90k.
Composite Fibre cylinders are now made by a few very competent manufacturers globally, designed as the modern alternative to the steel cylinders. Suitable for a variety of applications, both industrial and for home-users or leisure activities, their advanced construction with polymeric and composite materials combines uncompromising safety, quality, design and innovation.
ADVANTAGE OF COMPOSITE/FIBRE CYLINDERS
1. Their lighter weight of approximately 5kg, less than half of their steel counterparts, is one of their most user-friendly attributes, allowing users easier handling.
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3. Translucent cylinders allow users see the level of gas and know when it is time to refill, which means they will be less likely to run out of gas, eliminating the need for inaccurate gauges. It also allows them see if their gas vendor has filled the cylinder to the top.
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These cylinders are approved and certified in close to 100 countries including SON and the NIS innigeria, to be of the highest quality and standard, and sold by Ragas COE and Baric Power in Lagos, nigeria.
12.5kg Composite LPG Gas Cylinder for Propane and Butane only is now N75,000 from Ragas and we offer delivery services within Lagos and other major citiesinnigeria including Port Harcourt, Benin, Abuja, Kano, Warri, Ibadan, Owerri, Uyo, Aba, Abeokuta, and Asaba.
I want to visit a country outside West Africa where I will need a visa to visit from nigeria. This is mainly for knowledge and tourism purposes.
I wanted to visit South Africa (to see Mandela's house) or Egypt (to tour the Great Pyramids of Giza).
However, I have seen lots of negative reviews from Nigerians who complain that Egypt and South African embassies innigeria always delay their visa processing. Whereas they promise to process their visas in weeks, they don't get responses in months.
Please what country would you recommend? I want to know countries I don't have to wait for long to get their decision or those that won't reject my visa application.
Do you still consider South Africa and Egypt good options and why?
why not go to Rwanda, kigali precisely...one of the cleanest citiesin the world, an organized society with better fresh babes
It was not Peter Obi who reported it Mr efulefu Reno Omokri. BBC did. Meanwhile, have you heard of epileptic power supply in Tanzania or their national grid collapsing as someone with epilepsy? Zawanike.
Yesterday, I read a report in the Media on how Tanzania, our East African fellow nation, recently shut down five hydroelectric stations to reduce excess electricity in the national grid.Their decision to shut down these power stations stemmed from the fact that their electricity production was already enough to power their major cities and give electricity access to the rural dwellers.
in pain, I wondered how our nation, the giant of Africa, could not be able to power even one of the major cities, for example, the capital Abuja, while Tanzania has succeeded in powering all their major cities.
A World Bank report showed how strong political will and commitment have been responsible for rapid electricity access in Tanzania which has seen electricity access move from 7% in 2011 to almost 40% (37.7%) in 2020, during which about 75% (73.2%) of urban dwellers gained access to electricity and about 25% (24.5%) of rural areas gained access to electricity.
A similar report, in June 2023, showed that about 70 per cent of 40 million Tanzanians living in rural areas have received access to electricity, signifying a monumental growth in the sector, while regrettably nigeria's situation, remains the opposite. innigeria, 60% of our over 200 million people live without access to electricity, according to a 2022 Energy Progress Report.
Considering the economic loss resulting from the lack of access to electricity in our nation, which remains immeasurable and with the recent electricity tariff increase, one would expect that we would be able, at least, to power one major city in each geo-political zone soon, and increase our overall access both in the urban and rural areas. The government must, therefore, sanitize and rescue the sector for the good of the nation.
If Tanzania could achieve such a milestone in power generation, then nigeria can do it even better, with competent and committed leadership. A stable power sector is very critical for the journey to a New nigeria, to which we remain committed. -PO
This is either dishonesty or ignorance. You should get proper information before you undermine nigeriain favour of Tanzania. I have been to Tanzania multiple times, and I am familiar with their power industry.
What happened was not that Tanzania shut down her dams because they had more than enough electricity to power their entire nation.
The fact is that due to heavy rains, their hydroelectric dams were producing very high voltage that could damage their national power grid, because demand to the cities they supply to is low, and they had nowhere to shed the power to. Therefore, to protect their infrastructure, they had to shut down these dams temporarily.
Tanzania's electricity supply is known in East Africa for increasing during the rainy season and drastically reducing during the dry season.
The same thing had happened innigeriain the past. The technical name for this process is Load Shedding.
Please fact-check me. Tanzania still faces acute power shortages nationwide. Just two months ago, their government complained about power shortages, and they had to ration power.
Please stop spreading fake news to Nigerians.
Peter, I understand that you are desperate to be President in 2027, but please, do not undermine nigeria's national interest because of your desperation for power.
Nearly a year after the Nigerian government phased out fuel subsidy, citizens have continued to face persistent fuel shortages and long lines at petrol stations nationwide.
This ongoing crisis highlights the complexities and challenges in the country’s fuel supply chain, despite earlier government promises of improved market competition and efficiency.
Naija News understands that President Bola Tinubu’s elimination of the subsidy on May 29, 2023, aimed to decentralize fuel imports under the Petroleum Industry Act 2021, shifting control from the Nigerian National Petroleum Company Limited (NNPCL) to the private sector.
However, the transition has been anything but smooth. Private companies struggle to secure foreign currency for fuel imports, forcing the NNPCL back into its role as the primary supplier.
Despite the NNPCL’s assurances of a steady fuel supply, the reality on the ground tells a different story. in major cities like Lagos and Abuja, fuel queues have become common, with numerous stations running dry.
This situation has been worsened by logistical issues such as sporadic supply and operational shutdowns at various filling stations, caused by increased haulage costs demanded by tanker drivers.
The impact on prices has been stark. in some areas of Lagos, petrol prices remain fixed, while in others, such as the Lagos-Ibadan Expressway, prices fluctuate significantly, reaching as high as ₦645 per litre.
Similar price hikes are observed in Abuja, where fuel costs vary widely, with some stations charging up to ₦724 per litre.
The NNPCL’s spokesperson, Olufemi Soneye, urges calm and discourages panic buying. He attributes the tight supply to “logistical issues” that he claims are being resolved.
However, industry insiders and the Independent Petroleum Marketers Association of nigeria (IPMAN) tell a different tale, pointing to irregularities in supply that hint at deeper systemic problems.
The impact of these disturbances is noticeable throughout the country. Due to the scarcity of taxis and buses, commuters in Abuja and other major cities find themselves stranded or forced to pay higher fares.
This scarcity has not only inconvenienced daily life but has also fueled inflationary pressures, further straining the budgets of Nigerian households.
According to a report from LEADERSHIP, in similarly dire regions like Kaduna and Maiduguri, Filling stations frequently close or hoard fuel, hoping to sell at higher prices amid the uncertainty. This has led to a resurgence of black market activity, where prices can soar to ₦1,000 per litre, placing a heavy burden on consumers.
Despite occasional reassurances from government officials and the NNPCL, the end to nigeria’s fuel woes seems distant.
As the country faces challenges, there is a growing call for stable and equitable fuel supply systems, highlighting the need for effective reforms in the petroleum sector.
Prices of essential food items have gone up by at least 30 per cent between December and April in at least eight states, according to surveys by our correspondents.
The development has made consumers groan, saying the hikes in the prices of goods have affected their budgets.
Prices of food items have continued to soar across the country despite the recent rebound of the naira.
This came as President Bola Tinubu recently vowed to ensure a rebound of the local currency reflected in the prices of commodities.
As a follow-up to the President’s decision, operatives of the Federal Competition and Consumer Protection Commission last week raided some Abuja supermarkets over unfair pricing, vowing to extend the clampdown to other states.
However, the latest findings by our correspondents showed that the prices of basic food items like beans, and garri had risen by at least 30 per cent.
The surveys were conducted inLagos, Ogun, Gombe, Kwara, Sokoto, Ekiti, Osun and Niger states.
in the past few months, the prices of major food items have continued to rise, especially after Tinubu removed the petrol subsidy and devalued the naira. As the country’s inflationary pressure deepens, Nigerians have been finding it difficult to put food on their tables. This became aggravated when the naira fell sharply against the dollar and other foreign currencies like the CFA between February and March.
As the naira appreciated in the foreign exchange market lately, there were high expectations that the prices of food items, which went up alongside the dollar, would also follow a downward trend in the market. However, findings by our correspondents confirmed that only the prices of rice had so far reduced.
As of Wednesday, findings showed that the prices of beans, garri and other food items remained high despite the naira appreciation.
Our correspondents who visited various markets in some states gathered that traders and sellers were lamenting over the high cost of food items; though the prices differ depending on the location.
According to the surveys, a bag of garri now sells at N41,000, up from N37,000 in less than two weeks ago. in January, it was around N31,000. This indicates a 31 per cent increase.
Similarly, a bag of one kilogramme of Semovota which went for N700 in December now goes for N1,400. This represents a 100 per cent increase in the price. Also, one kilogramme of wheat which went for N500 in December is now being sold for N1,200. This indicates a 140 per cent hike.
Also, findings showed that in January, a bag of beans went for between N65,000 and N70,000. However, as of Wednesday, a bag of beans went for N185,000. This indicates a 164 per cent increase.
The development means that the least increase recorded in the category of basic and essential food items is 31 per cent; this was seen in the price of garri.
Consumers groan
The situation has made consumers in various parts of the country lament the hardships caused by the price hikes.
Speaking to The PUNCH, a resident of Isolo, Mr Rafiu Adedoja, complained that the price of a wrap of his favourite meal, amala, had increased.
According to him, due to the nature of his work as a bricklayer, he eats daily at a popular canteen. He lamented that he used to buy a wrap of amala for N100 but now he buys at N200, noting that the portion has become smaller.
He noted that he now buys at least five wraps which is N1,000, excluding the meat which brings the cost of his meal to between N1,600 and N2,000 which is not economical for him given the present state of the economy where jobs come in trickles.
Also speaking to our correspondent, a mother of four, who is a hairdresser in the Okota area of Lagos, Mrs Bola Adekunle, decried that the majority of the food items in the market especially garri, beans, groundnut oil, and even yam had increased which was affecting so many people especially low-income earners like her with children to feed.
She told our correspondent that food prices were becoming unbearable and getting worse daily.
“We eat once a day now, but if I record higher sales, we can eat twice. in the last two months, I can’t remember the last time that my family ate three square meals,” Adekunle moaned.
An industrial chemist, Mr. Harrison Chinaka, said, “It is very obvious that there has been a continuous and rapid hike in the prices of goods in the market. I mean every foodstuff in the market; the prices are increasing almost every hour
“You find out that what you bought in the morning by the time you get there in the afternoon or evening, they will tell you that the price has changed. I bought a paint of garri not up to two weeks ago for about N2, 900 and three days after I went to buy the same quantity of garri and I was told it now goes for N3,500
“The same thing applies to bread and provisions, the prices of everything are increasing and it is not as if salaries are being increased and it is becoming difficult for an average Nigerian to cope especially someone with a family. The person has to pay school fees, house rent and continuously pay bills, it is becoming difficult to survive here innigeria,” he said.
Also speaking, Mr. Prosper Dike, said, “As for me what I will say is that the prices of commodities now are no longer the same as it is used to be before. For instance, a bag of rice has gone higher than what it used to be. How do you expect us with our source of income that has not increased, how do we meet up considering the way things are going?”
Pointing out that the price of the dollar had depreciated to the naira in recent times, a factor that lots of traders blame for the hike in food prices, Dike wondered why prices of food are yet to reduce.
“If there is anything the government can do to help because the situation is choking, the cost of living now is not easy. People can’t afford three square meals a day again because things have gone up. Even though the dollar has come down things are yet to come down,” he lamented.
A businesswoman, Tomisin Sunday, lamented that the hikes in the prices of foodstuffs had remained leading her to reduce the quantity of food she buys during her weekly grocery shopping.
Sunday, who shops at the popular Iyana-Iba market along the Lagos-Badagry Expressway said that as of Wednesday, the prices of tomatoes had come down to N2,400 for a custard bucket but that pepper was still so expensive.
“The price of ginger has refused to come down though. It was N11,000 today. Last week, it was N13,000. I use it for my Zobo drink, which I sell. At this rate, I may be unable to keep selling at the current price that my customers are used to.
“As for foodstuffs, I come to the market fairly regularly because things are too expensive and my money is not usually enough. At this point, I’m doing business just to be able to feed my family.
A tailor, Udeme Nicholas, was so frustrated by the situation that he lamented, “It feels almost as if my village people are following me. I get plenty of jobs and my rates are not cheap, so I get well paid for my services but when I calculate how much I spend on food alone every week for my three children, wife and myself, it gets me depressed.
“If my wife had been the one going to the market, maybe, I would have suspected she was cheating me but you see, I go to the market and it is not funny. I have got kids under five years of age, I can’t be denying them basic nutrition but the situation is getting worse.”
Contacted, the South-West spokesperson for the National Association of Pensioners, Olusegun Abatan, decried the upward movement of food prices, saying that no serious government would watch its senior citizens suffer.
While expressing disappointment, Abatan recalled Tinubu’s promise to give pensioners a N25,000 palliative to cushion the effect of the current economic crisis, he claimed that no pensioner had received the promised funds.
He further blamed the current economic crisis on the President’s announcement of the removal of the fuel subsidy at his inauguration.
He said, “The root cause of this hardship can be traced to the statement of President Bola Tinubu, on his inauguration day. A more careful statement should have been uttered rather than that ‘Subsidy is now gone’.
“It is not only food that is on the high side, even drugs cannot be got easily by pensioners and even by those who are sick since the price is skyrocketing and this was because of that president’s singular statement. That statement is not well thought out.”
Abatan added, “The President declared that he was going to give N25,000 to pensioners as palliatives but till now we have not yet got any kobo. This has led to disappointment on the part of our members.
“This is the rainy season, what efforts are they putting in place to ensure that farmers can do their jobs without fear of being killed or kidnapped? We can only appeal to the government to wade in and be more serious in their actions towards ensuring that food prices crash.”
Prices rise
in Ogun State, the price of one bag of beans has continued to soar alongside that of garri, according to traders. A foodstuffs vendor in Ikenne, Ogun State, Friday Kingsley, told our correspondent that one bag of beans which used to be around N70,000 in January, had since risen to N185,000. This indicates a 164 per cent hike.
Kingsley added that a bag of garri now sells at N41,000, up from N37,000 in less than two weeks ago.. in January, he said it was around 31,000 in January.
“The price garri is going higher by the day. I bought one bag of garri at the rate of N37,000 in Siun Market 10 days ago, but the same bag sold for N45,000 yesterday. We don’t know why garri is not coming down.
“in January, I used to buy a bag of beans around N65,000, N70,000; but today, I bought the same bag at N185,000. I couldn’t even pay in full. I’m afraid it may get to N200,000. The rise in the prices of beans and garri is very disturbing,” Kingsley said.
Also, a trader in Sagamu, who identified herself as Ashake disclosed to our correspondent that 1kg of Semo rose from N700 in December to N1,400 as of Wednesday. According to her, the price of 1kg of wheat used to be N500 in December, but it now sells for N1,200. in Abeokuta, bread sellers complained of price hikes, as the smallest loaf of bread rose from N150 in October 2023 to N300 or N400.
in the same vein, traders told our correspondent in Ibafo that a bag of sachet water now sells at the rate of N400, while retailers sell one or two sachets for N50, depending on the location and the seller. But there seems to be a glimmer of hope as Mr Success, who sells food items in Iperu, disclosed that a carton of Indomitable noodles has dropped from N12,000 in February to around N7,000 as of Wednesday. Findings at Oba Lipede market in Kuto, Abeokuta revealed that a yam tuber goes for between N2,800 and N3,000.
A retired civil servant, Mrs Titi Alabi, said that it was tough feeding the family with the way the prices of foodstuffs have continued to skyrocket.
Alabi said that the palliatives from the government were a far cry from the challenges Nigerians currently grapple with, particularly with the escalating prices of food.
“We just have to go back to farming. Government at all levels must increase its investment in agriculture, we must look for how to boost food production,” she stated.
Similarly in Lagos, food items like pepper, spaghetti, onions and oil maintained high prices amid naira rebound. Traders in Oshodi and Agege markets in Lagos State said the food prices went up between January and April and have refused to backtrack.
Speaking with our correspondent, a pepper seller in Agege, who was identified simply as Mrs Kareem, noted that in October, a big basket of pepper was sold between N60,000 to N74,000, expressing worries that the same size is now sold for N103,000. She added that a basket of tomatoes was sold for N35,000 mid-last year, but it is now sold for N65,000. Kareem further stated that a bag of onions rose from N30,000 to N60,000 in January, saying it has reduced to N47,000 as of Monday.
At the Ikotun Market in Alimosho Local Government Area of Lagos State, The PUNCH observed that a derica of beans which was sold earlier in the year at N750, now sells for N1,200. Giving details of the prices, a trader, Chidera Madu, said, “Half Derica of beans was sold for N600 before, but now it is N1,200; a small portion of pepper was N100, but it is now N200 upwards. Five litres of palm oil used to be N5,000, but now it is N8,000. One medium loaf of bread was sold for N850 in December, but it is now N1,300”. She lamented that despite the drop in the value of the naira against the naira, the prices of daily consumables remained high.
A foodstuffs vendor around Idimu, Lagos, Christian Igwe, admitted there was a drop in the prices of noodles, saying the cartoon of a brand of noodles, which sold for N9,000 some weeks ago now sells for N6,000. Igwe argued that one should not expect traders who bought goods when they were highly expensive to sell them at a loss; saying they would have to exhaust the old stock.
Expressing concern over the cost of food in Lagos, wholesale food seller in Isolo Market, Mr Idris Adebowale, explained that tubers of yam are still expensive because this is the off-season for planting. According to him, a tuber of yam, depending on its size, now sells between N2,500 and N3,000, up from N1500 some weeks ago.
Across major markets in Gombe metropolis, prices of food items are on a steady rise. The markets include Baban Kasuwa, Kasuwa Tumfure, Kasuwa Cross. Unlike most cities where grains are sold in derica, food items are sold in modules in these northern markets. Garri sells for N950, a container of beans sells for N1,400, an average-size tuber of yam costs N1,500, while millet is N1,200. Traders said all these prices were far above what they used to be.
in Osun State, checks in some markets within Osogbo metropolis revealed prices of many locally produced food items remained high.
At Oluode, one of the major neighborhood markets in Osogbo, a module of garri goes for N1, 200, while a bag of local rice that was sold for N50, 000 last week, currently sells for between N55,000 and N57,000.
Cost of pepper has also remained high, the situation blamed on high cost of transportation from the North where buik of the item was being brought to the state.
Sokoto markets
in Sokoto State, residents lamented the rising cost of foodstuffs continue to rise in the market. According to them, a plate of white beans now sells at the rate of N3,000 while a plate of garri which was sold for N2,200 a few weeks ago now goes for between N2,500. Millet, which is the most commonly consumed food in the state has also moved above N2,000.
It was a similar scenario in Ilorin, Kwara State, where the prices of foodstuffs continue to soar. in Baboko and Mandate markets W showed that a bag of beans was sold at N135,000 instead of N129,000 two weeks ago. A bag of guinea corn which previously sold for N52,000 was sold at N57,000, while a plastic of garri has increased from N15,000 to N17,000.
It was observed that a small bag of yam flour now costs N160,000 while a big bag sells at N280,000, indicating a sharp increase from what it was a few months ago.
The price of six average-size tubers of yam was between N8,000 while the big tubers of yam were sold at between N13,000 and N15,000. A foodstuffs dealer at Baboko market, Mrs Rodiat Mustapha said the cost of transportation is one of the factors responsible for the high cost of food.
in Niger, traders still blame the dollar for the hike in food prices. For instance, at the Thursday Market and the Kure Market, customers were seen complaining about the cost of food, but the traders said they were not to blame.
“It is not our fault. We also want the items to come down in their prices because there is low patronage. But we buy at very expensive rates too,” Hauwa said.
The PUNCH investigation revealed that a kilogramme of cow meat sells for N5,000 while chicken sells for between N6,500 and N8,000, depending on the location. It was also observed that fish has gone above the purchasing powers of the common man as one medium-sized sardine now goes for about N3,000.
At the markets in Ado Ekiti, the Ekiti State capital, the prices of food items also remain high. A measure of garri which was sold for N500 or N600 in December is now N1,200.
A trader at Oja Oba, who identified herself as Dupe, said, “A measure of beans is now N2,000. It was like N700 before the subsidy removal. We sell as we buy, we are not the problem”.
Also, a yam seller at the Okesha Market, Bimbo, explained that the prices of five tubers of yam rose from N2,500 last year to N6,000. She said the price hike applied to all commodities because of the high transport cost.
“We now sell five litres of palm oil at the rate of N6,000. It used to be N2,500 before subsidy removal. May God come to our aid,” the trader prayed.
Meanwhile, the government at the three tiers have been advised to support farmers with accountable and transparent incentives while encouraging farming by enabling farmers to secure mechanised farming tools in farm clusters.
Road safety officials work is now to be confirming accidents and casualty figures. They have abandoned their core duty of high way patrol and enforcement and seizure of articulated vehicles on federal highways. They are everywhere in the inner city centers, harassing motorists going about their normal business. Imagine if the FRSC within that axis was on a regular patrol, they would have picked up the victim, apply CPR/FIRST AID, and take him to the nearest hospital. They only appear when the damage has been done, to evacuate bodies in their pickup vehicle. FRSC should go back to the law that established them under IBB. Their job is on the federal high ways not on the hidden corners of inner streets in various citiesinnigeria.
Adebayo Adelabu, minister of power, says “saboteurs and cartels” are frustrating the federal government’s efforts to achieve a stable electricity supply in the country. Adelabu spoke during a programme, tagged, ‘Confronting nigeria’s Power Challenge as the Nation Migrates to a Multi-Tier Electricity Market’ on Tuesday in Abuja.The programme was organised by the house of representatives committee on power, according to NAN.
“We have saboteurs, cartels, and those who prefer to perpetrate evil for their selfish interests to frustrate our efforts,” Adelabu said.
Adelabu said all efforts must be geared towards propelling the country to the league of productive nations, adding that nigeria is looking at reserves that would eliminate incessant power collapses. He said the federal government is also considering the liberalisation of the power sector.
“We also encourage the state government to invest in power generation in their states,” the minister said. Adelabu said Abia is one of the states that has invested in power, disclosing that the federal executive council (FEC) has also granted Ekiti and Enugu the right to generate tariffs — meaning that the states would be responsible for power generation, transmission, supply, trading, and system operations.
The minister also expressed concern that a lot of investors did not come with their private equity, saying they had to borrow money from the bank to operate in the sector. He, however, said with time, investors would be made to operate the right way for the benefit of the sector.
The politician also said the federal government is planning on deepening rural electrification in collaboration with the state governments.
OVER 100 POWER PROJECTS innigeria UNCOMPLETED’ On electricity projects, Adelabu said there are over 100 uncompleted power projects across the country. He said the projects would not be energy-efficient without being completed.Also speaking, Kola Adeshina, the group managing director of Sahara Power Group, expressed regret that nigeria cannot supply electricity efficiently despite its abundant gas resources.
He said if electricity was not a priority in the budget provision, it would be difficult for the country to work, stressing that nigeria has the resources to double its power generation.
“If the executive brings an appropriation bill before you (lawmakers) and the power sector is not number two after defence, then don’t allow it,” Adeshina urged the government to prioritise industrial areas in power distribution.
“After the industrial areas have had light during the day, we can shift power at night to residential areas because production takes place during the day. Let’s sequence our investment along the line of value-added. Nigerians are resilient, we are strong, and we have tenacity. Nigerians are tired of power collapse.”
On April 22, the minister had said the federal government would sell off five electricity distribution companies (DisCos) under the management of banks and Asset Management Corporation of nigeria (AMCON) in the next three months to technical power operators.
He also said the ministry would prevail on the Nigerian Electricity Regulatory Commission (NERC) to revoke underperforming licenses and change the management board of the DisCos — if it becomes the solution.
"Power sector crisis has defied all solutions." - Minister of Power
Adebayo Adelabu, minister of power, has described the power sector crisis as “historical”, stressing it has defied all solutions. Adelabu spoke in Abuja on April 22 during a visit from the senate committee on power.
The national electricity grid has suffered a total system collapse thrice in 2024, with the first being on February 4. The country suffered another nationwide blackout on March 28, while the third collapse was experienced on April 15.
Adelabu blamed issues in the industry on uncompleted projects, urging the committee to approve funds for the completion of over 120 projects that litter across the country.
To boost electricity, he said there are plans to increase power generation from 4000 megawatts (MW) to 6000MW by the end of 2024. The minister said the federal government plans to achieve this milestone using the hydro and solar plants to increase the supply of electricity to households and businesses.
“The infrastructure are lying there, without adequate maintenance, the turbines are getting rust,” Adelabu said. With proper investment put in place, we can generate 6000 megawatts before the end of 2024.”
"nigeria’S POWER SECTOR NEEDS GAS" Adelabu said gas suppliers have refused to supply more gas because of the debt the federal government owes. He told the committee the federal government owes the generation companies over N1.3 trillion and also owes the gas suppliers $1.3 billion. The minister urged the committee to address the debt matter.
in her presentation, Nafisat Ali, executive director of Independent System Operator (ISO), said gas has become a major constraint in the industry, adding that DisCos were still rejecting load despite the power shortage in the country.
“Today there is no gas. We need gas,” Ali said. The DisCos don’t abide by allocation. That is the challenge.”
Addressing the debt issue, Eyinaya Abaribe, the committee chairman, said the panel would interface with the federal government to settle the gas debt.
The TCN said the nation's power sector is currently faced with various challenges, impacting effective service delivery and the incessant collapse of the national grid. The Transmission Company of nigeria (TCN) has given reasons for the persistent collapse of the national electricity grid in the country.
The TCN said the nation’s power sector is currently faced with various challenges, impacting effective service delivery and the ongoing collapse of the national grid. Nafisat Ali, the executive director of the Independent System Operator (ISO) department of the TCN, disclosed this during the visit of the Senate Committee on Power on Monday.
in recent times, the TCN has reported causes of national grid system collapses, resulting in reduced electricity allocation to electricity distribution companies in the country. Last Monday, nigeria’s electricity grid collapsed yet again, throwing several cities into darkness. The grid collapsed as generation dropped to 64.70 megawatts, officials said.
The latest collapse, less than a month after the national grid system collapsed in March, is the third time this year. Speaking on Monday, Ms Ali said the nation had recorded 105 cases of grid collapse from 2015 to April 2024, noting that the cause of the ongoing grid collapse spread across the electricity value chain.
“The causes of grid collaDpse innigeria spread across all participants, from generation companies to transmission and distribution. From generation companies, there is the inadequacy of gas supply, improper coordination of plants and gas pipelines, poor generation availability,” Ms Ali said.
Under the transmission value chain, she added that lack of operating/spinning reserve and voltage support scheme, lack of reliable SCADA facility, vandalism, tripping of critical infrastructure lines, transition line redundancy and lack of reliable communication facility are the causes for grid collapse.
For the distribution companies (DisCos), Ms Ali listed the weak distribution networks, load allocation violation, and lack of visibility on the DisCos network, among others, as the reasons for the unending collapse.
“Customers can experience interruptions to their electricity Supply for three reasons such as reliability issues, where there is insufficient generation to meet consumer demand at a place and point in time; system security events and problems with the security of the network and transmission/ distribution network failures,” she said.
To achieve a reliable system, she said the system must have an adequate amount of capacity (generation, demand response and network capacity) to meet consumer needs.
“There should be adequate investment in all types of capacity, as well as appropriate operational decisions so that supply and demand are in balance at any point in time
“To achieve a reliable power system, it is necessary to include a buffer in the supply and demand balance, known as reserves. This allows the actual demand and supply to be kept in balance, even in the face of shocks to the system,” she added.
You are the one that helps WAEC to send the data. Assistant WAEC registrar. Did they send for Ghana and other west African countries too since it's an international exam?
you mean WAEC no longer produce data about it examination activities? Lol
Btw, your people are concerned.
ANALYSIS: WAEC rating highlights dwindling fortunes of education in South-west nigeria
Historically, western education entered the country through the South-west of nigeria. The colonial authorities initially concentrated their activities in the Lagos area before moving down south along the coastal cities.
They were not at the time involved in the operation and funding of education. Scholars have suggested that formal western education began innigeriain 1842 at the primary level through the efforts of Christian missions. Secondary education was subsequently introduced. The first secondary school was CMS Grammar School, established in 1859 in Lagos.
It has been well documented that the colonial government only began its involvement in education after it promulgated its first Education Ordinance in 1882 when it began the funding of public schools and gave assistance to private ones. The difficulty in its implementation led to the enactment of the second Ordinance in 1887. This ordinance was said to have covered only schools in Lagos at the time.
Also, 73 years after the establishment of the first secondary school in Lagos, the first higher institution innigeria, Yaba Higher College, was established in 1932. The University College, Ibadan followed shortly in 1934.
Undoubtedly, the region had a head start in educational development compared to other regions of the country. This was further buoyed by the Universal Primary Education Policy of the then Premier of Western Region, Obafemi Awolowo, which offered free education for children in primary schools starting from 1955. Besides providing children of poor background access to quality education, it underscored the intrinsic value of education, which subsequently stimulated and facilitated the mass education of the population.
From Lagos to Ogun, Oyo, Osun, Ondo and down to Ekiti, the preponderance of professors and well-read academicians benchmarks the solid foundation laid for the education in the region. It is often said (though debatable) that in every home in Ekiti, there is a professor.
However, in a recent analysis, it is apparent that other regions are not only catching up, but might have overtaken the South-west in education.
If there is any doubt in the minds of anyone, the performances of the region in the Senior School Certificate Examinations, SSCE in the last five years showed that South-west states only trail other regions in their well-publicised ratings. in all these years, none of the states, besides Lagos, has made it to the list of top 10 states on the West African Examinations Council, WAEC performance table.
Available statistics of the 2017 SSCE results enumerating states’ performance, showed the South-east states posting brilliant performances. Besides topping the chart, four of the five states made the top 10 list of states.
The dominance of the South-east and South-south states in the WAEC rating in the last five years, raise concerns about the much-touted claims of the South-west as the bastion of education innigeria.
However, the South-west states had Lagos as a representative among the top 10 states. It shows Abia, Rivers, and Edo coming tops, with Imo, Bayelsa, Anambra, Lagos, Taraba, Enugu and Delta following in that order.
Besides Lagos that manages to retain its presence in the top 10, the other South-west states remain comfortable either at the rear or at the middle.
in 2013, 2014, 2015 and 2016 WAEC results, only Lagos featured in the top 10 list of states which continued to be dominated by states from the South-east and South-south.
For instance, in 2015, all the South-east states made it to the top 10 on the chart. While Lagos still retained its place on the list, Ekiti managed to clinch the 11th position on the chart. Ondo came 14th, Ogun, 20th position, Oyo, 27th, while Osun came 30th. The situation was not so different in 2014 chart which saw Ekiti occupying the 12th position. Ondo followed closely on the 13th position, while Ogun moved up to 18, Osun, 22 and Oyo, 24.
The Ekiti State government last year celebrated the improvement of the state on the WAEC performance chart when it moved from the 28th position in 2013 to 11th position in 2016. For the state, its placement on the chart had perhaps bestowed credence on the investment of the governor in education.
Idowu Adelusi, the Chief Press Secretary to the state governor, Ayo Fayose, had described the feat as “an indication that efforts of the present administration to reposition education in the state were already yielding results.”
He said the governor was particularly happy that no fewer than 37 per cent of the state candidates that sat for WAEC in 2016 had a minimum of five credits including in English and Mathematics while a similar feat was recorded in 2015.
“The mere fact that the state jumped from 35th position to the 11th, barely two years of the coming into office of this administration, is remarkable,” Mr. Adelusi said.
Ekiti State also retained its 11th position in 2017.
However, some have rejected the use of the WAEC chart as an indicator of the true state of education in any state. A top official of the Ogun State government, who did not want his name on print, while defending the situation with education in Ogun, said the conclusion that the south-west states, particularly Ogun, performed dismally compared to other states “was an error.”
According to him, the analyses did not consider the number of candidates for each state before arriving at the conclusion.
He said the rating was based on percentage pass in five subjects at credit level and above. Looking at the performance chart of the 2014 result, Ogun which registered 70,474 candidates was placed 18th.
It was his reasoning that Ogun in that light should not be compared with states like Bayelsa, ‘which featured 19,930 candidates and placed fourth.’
But such an argument is whittled when the 2014 table is further examined. Even states which registered fewer candidates had higher number of candidates which had five credit passes and above including in Mathematic and English.
For instance, Imo, which placed 8th on the table, registered a total of 46,359 candidates, and had a total of 18,830 candidates with five credits and above including in Mathematics and English. Ogun with 70,474 candidates had a total of 15,974 candidates making the five credit passes and above mark.
It is noteworthy that Ogun State had attracted flaks from many critics in respect of its performance of candidates in the 2016 SSCE.
However, the Special Assistant on Media to the Ogun State Governor, Opeyemi Soyombo, believes such criticisms were unfair and “did not reflect the true state of education and the commitment of Ibikunle Amosun towards restoring the virtue of education in the state.”
He argued that the administration in Ogun was following the steps of Obafemi Awolowo by earmarking over 20 per cent of the state’s budget to education.
He said the government is also operating the free education policy at the primary and secondary levels which had in turn raised the level of enrolment in schools.
“in the 2010/ 2011 session, enrolment figure for JSS was 158,972. Today, through the free education policy of the Amosun government, enrolment figure has shot up to 226,836,” Mr. Soyombo said.
“The figure has increased from 133,997 in 2010/2011 to 172,444 at the SSS level. Due to improvement in our technical education, some children now move from JSS to such schools while the majority proceed to SSS, which is a big plus for our drive in vocational/technical education. Expectedly, performance of our children in WASSCE did improve significantly.”
It was also the view of the Commissioner for Education in Osun State, Kola Young, that the WAEC results do not necessarily represent the true state of education in the states.
He argued that considering the prevalent rate of examination malpractices across the country, it was necessary to analyse the capacity of school leavers to utilise their secondary school certificates.
Mr. Young said that analysts should look at the number of students matriculating in Nigerians universities in reaching conclusions “whether the South-west is lagging behind or not.”
“If I find out that in our universities that the south-west states are lagging behind in terms of the number of students gaining admissions, then I will be alarmed,” he said.
“But if the South-west is still leading, then I will have doubts about the capacity of the other states to check exam malpractices.”
He, however, added that he would need to have all the data to be able to reach a final conclusion on it.
Seinde Arogbofa, an educationist and author told PREMIUM TIMES that the dwindling fortunes of education in the region is a function of the lack of prioritisation of the sector by the state governments.
“UNICEF recommended that 26 per cent of the budget be allocated to education. Chief Obafemi Awolowo, in his pursuit of ensuring quality education for the people, earmarked over 30 per cent of his budget to education. That was the reason why he succeeded so much,” he said.
“Today, the state governments hardly give up to 10 per cent to education in their states; they place little value on education.”
He also blamed the poor reading culture for the dismal performance of students in the examinations, saying, “How can students pass when they don’t read?”
Mr. Arogbofa also criticised parents for not doing enough to raise their children well, and condemned their support for exam malpractices. He also had some kind words for state governments.
“To say that the South-west governments are not doing anything at all to improve education will amount to an overkill and over generalisation. Some states such as Ondo, Osun and Ogun had taken novel steps to re-establish the foundations of education in their respective domains. However, the fruits of these recent ventures would only be noticeable in the far future.”
Much of what is seen as the legacies of a visionary leadership bequeathed by Mr. Awolowo and which is still being harnessed today as the capacities of the South-west region was sown decades ago.
For South-west states, they may have to learn from Mr. Awolowo’s saying that, “As far as possible, expenditure on services which tend to the welfare and health and education of the people should be increased at the expense of any expenditure that does not answer to the same test.”
The sage’s pivotal economic and education polices transformed the entire South-west of nigeria, making it a leading light not only in education, but in other areas of development. Governors in the region will need to re-enact past glories in bringing education to a place of priority, not only in access, but in quality
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