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.

https://dailytimesng.com/fuel-scarcity-persists-in-nigeria-almost-one-year-after-subsidy-removal/

Jubilation as Cement Price Falls in Abuja, Lagos, Other Nigerian cities

Read more: https://www.legit.ng/business-economy/money/1589125-cement-price-sells-cheap-lagos-abuja-markets-nigeria/

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 in nigeria,” 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.

https://punchng.com/consumers-lament-as-food-prices-rise-30-in-eight-states/

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 cities in nigeria.

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 in nigeria 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.

https://www.thecable.ng/adelabu-cartels-saboteurs-frustrating-efforts-to-stabilise-power-supply/amp/

"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.

https://www.thecable.ng/adelabu-power-sector-crisis-has-defied-all-solutions/amp/

Why Grid Collapse Persists in nigeria – TCN

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 in nigeria 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.

https://www.premiumtimesng.com/business/business-news/688452-why-grid-collapse-persists-in-nigeria-tcn.html nlfpmod

chopnaira:

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 in nigeria in 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 in nigeria, 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 in nigeria.

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

http://www.premiumtimesng.com/news/headlines/242266-analysis-waec-rating-highlights-dwindling-fortunes-education-south-west-nigeria.html

Months after the removal of subsidies, Nigerians are still facing queues and Fuel Scarcity

Nigerians are still coping with the hard reality of fuel scarcity and long lines at gas stations all throughout the nation, months after the federal government removed fuel subsidies and allowed competition in the market.
This is happening while oil marketers have been trading accusations over the present fuel crisis as long lines for gasoline grew in the nation’s largest cities despite the Nigerian National Petroleum Company Limited’s (NNPCL) claims that supplies have been consistent.

On May 29, 2023, President Bola Tinubu completely eliminated gasoline subsidies during his inauguration, which resulted in sharp increases in gas prices around the nation. Eyes Of Lagos reports,

This removal of petrol subsidy was supposed to open up petrol imports to the private sector as part of provisions in the Petroleum Industry Act 2021, thus taking the monopoly of petrol importation from the NNPCL.

However, the NNPCL has for several months now returned to being the sole importer of petrol in nigeria, as private oil firms are unable to obtain foreign currency for importation

The NNPCL had previously announced that it was no longer the sole supplier of petroleum products in the country, but the situation has changed due to forex shortages

The NNPCL defended its monopoly in fuel import, citing oil marketers’ inability to cope with price volatility in the downstream sector

Fuel lines have been growing in Lagos since earlier this week, and they are only becoming longer as a result of some gas stations—mostly run by independent marketers—going dry. Long lines at dispensing locations have been observed in Abuja, where a similar situation is reported.

Despite the fact that most of the gas stations Berger visited were closed, gas prices on the villages along the Lagos-Ibadan Expressway appeared to be unchanged.

While there were lengthy lines at some of the filling stations, PMS was sold for N610 per litre at the Ardova filling station in Warewa, NIPCO was charging N645 along the Arepo-Magboro axis of the Express Road, and Conoil was charging N640 per litre. All of the filling stations were maintaining their previous prices.

At Falomo, Lagos, Total Energies and Mobil sold at N605 without any queues while at NNPC at Obalende, fuel sold for N568.

The chief corporate communication officer at the NNPCL, Olufemi Soneye, told Eyes Of Lagos that supply is regular and advised Nigerians to shun panic buying.

“The Nigerian National Petroleum Company Limited (NNPC Ltd) wishes to clarify that the tightness in the supply of Premium Motor Spirit currently being experienced in some areas across the country is as a result of logistics issues and that they have been resolved.

“It also wishes to reiterate that the prices of petroleum products are not changing,” Soneye said in the terse statement.

The company urged Nigerians to avoid panic buying as there is a sufficiency of the product in the country.

However, a key operator in the downstream industry told our correspondent that complaints from independent marketers was that supply had been irregular in the last few days.

Our visit to some depots in Lagos showed that loading was ongoing but not as much as it was in the past.

The Independent Petroleum Marketers Association of nigeria (IPMAN) said that the scarcity of petrol is due to a logistics hitch impacting the supply of petroleum products across the country.

Eyes Of Lagos observed that several filling stations including some outlets of the NNPCL were shut, and customers were told, “We do not have fuel.”

Many commuters in the nation’s capital, Abuja, were seen stranded at major bus stops, as only a few taxis were available to transport passengers. The available transporters increased the fares payable by passengers.

Aramco

Speaking on the cause of the scarcity, the national president of IPMAN, Abubakar Maigandi, said that the NNPCL had just met with the association and assured them of enough supply of petroleum.

“We just held a meeting with the NNPCL and we were told that the scarce supply is due to logistics issues which according to them are being resolved. So these queues will soon be off because they assured us that they have enough supply.

“You know NNPCL is the sole importer of the fuel; we don’t produce in the country so they buy from outside the country and it goes through a process. So this is just a logistics issue. So please there is no need for panic buying. We will soon have petrol everywhere,” he said.

The secretary general of Petroleum Dealers Association of nigeria (PEDAN), Ibrahim Yahaya, told Eyes Of Lagos he could not point to any genuine reason for the current situation.

Yahaya said he learnt earlier about agitation by tanker drivers for upward review of haulage cost.

“I will probably link this to demand by the National Association of Road Transport Owners, NARTO, asking for a hike in haulage cost. in some cases you find filling stations deliberately shutting down while they have products while some will be operating with few pumps. All these I believe are pushing for much profiteering. But when Dangote Refinery begins to pump petrol into the system we will have respite,” he said.

Last week the NNPC Limited said tight supply witnessed in some filling stations in Lagos was as a result of an issue in one of the depots in the area. The NNPC Retail Limited has since resolved the issue and effective tomorrow, normalcy will be restored within the affected area, Soneye said.

The NNPC Limited, during the period, called on motorists in Lagos to avoid panic buying of PMS as all hands are on deck to sustain sufficiency in the supply of petroleum products in the area.

in the Federal Capital Territory (FCT), Abuja, long queues also resurfaced in filling stations across as our correspondent observed that filling stations in the territory were selling fuel at between N660 and N724 per litre.

At Conoil filling station in the central area close to NNPCL, the filling station was discovered to be selling fuel at N660, and the queue was so long that motorists waited for hours before they could get fuel.

Also, at A. A. Rano filling stations at Jabi, and along Kubwa express road, which were selling at N690 per litre, the queues were not as long as that of Conoil which was selling at N660 per litre.

A new mega filling station in Kubwa known as Abanurat filling station was selling at N724 per litre, and despite the increase in the price, motorists were seen waiting patiently to buy fuel in their cars, while Rainoil filling stations both in the city centre and Dutse axis of Abuja were selling at the rate of N685 per litre.

It was also observed that major filling stations like Shafar, Conoil, Asman, Mobile and Total filling stations from AYA down to Kubwa express road were under lock and key; they were not selling fuel to motorists.

in Kaduna, particularly within the metropolis, most of the fuelling stations are closed for lack of fuel, or the operators were hoarding in order to sell to at back marketer while the few ones that were open had long queues of motorists waiting to purchase the product.

Some of the fuel stations sold for between N690 and N700 per litre while in some fuel stations the product sold for as much as N1,000 per litre.

At the AA Rano fueling stations at Command Junction and Station market Roundabout, motorists lined up waiting for the officials to commence dispensing the product.

A taxi driver, Kenneth Adams of Nnamdi Azikiwe Expressway Bypass said: “It’s really frustrating to do transport business now. I just bought a litre of black market fuel at N1,000. One has to look for an open fueling station with fuel and join the queue for almost one to two hours before one can get fuel. The authorities should look into this fuel scarcity issue because it is not funny at all.”

Some of the fuel stations in Kaduna metropolis were shut since Monday causing commercial Bus drivers and tricycle operators to hike transportation fare.

A bus driver, who identified himself as Abdul, disclosed that on Wednesday he bought the product at N900 and N1,000 per litre at the black market when he observed that some of the fuel stations were shut.

A passenger at command junction expressed joy that transport fare to Abuja was still what it used to be and expressed hope that the fuel scarcity being experienced now will be addressed holistically.

in Maiduguri, the Borno State capital, the pump price of petrol varied according to how each marketer bought the commodity. While some filling stations sold fuel at between N720 and N780 per litre, others sold at N800 as against the previous weeks when fuel was sold at between N680 and N730.

Our checks revealed that the NNPC retail outlets in the state that would have given succour to motorists with their selling price of N637 were all shut.

our reports from one of the filling stations why the sudden increase, the manager who craved anonymity said the pump price was previously N730 per litre, but after exhausting the old commodity, they could not get fuel until the present one they bought at N740 per litre, hence they are selling at N780 per litre.

Our correspondent reports that notwithstanding the differences in the pump prices at various filling stations, no significant queue was witnessed at the stations selling cheaper, which some motorists attributed to hardship and residents parking their vehicles over persistent rising pump price.

Also, fuel queues resurfaced in some Kano filling stations as some of them have remained closed in the last two days. Most of the vehicles on the road were commercial vehicles.

The price per litre of petrol is not fixed as it ranged from N690 to N730, while it sold for about N800 or more by black marketers who are rapidly resurfacing in the city.

The unofficial story is that the fuel stations are expecting a fall in the price of the product but are not sure of the exact price. They wouldn’t want to purchase it and the price be reduced to avoid loss.

in Enugu, our correspondent who went round Enugu city discovered that major distributors were selling fuel at N600 per litre at their various filling stations

Our Friday’s investigations also revealed that other filling stations not owned by major distributors are selling fuel at between N680 and N720 per litre.

Our correspondent sighted long queues at the filling stations selling fuel at N600 per litre, a development that partially paralyzed vehicular movements in the areas.

in Ibadan, Oyo State capital, the price of PmS was between N630 and N640 per litre.

There was little or no queue in most of the petrol stations.

Also, the cost of transportation was unchanged

The price of petrol in Imo State has remained consistent at N650 since the introduction of the new pump price by the current leadership of President Bola Tinubu.

Almost all filling stations in the state had the product and there were no queues in the various stations. This could be attributed to the exorbitant price of petrol.

in Dutse, the capital, and other part of Jigawa State, only few filling stations were open and sold at the coast of ₦750 to ₦775 per litre.

At the NNPC mega station in Dutse capital the pump price remained ₦620.

The fuel scarcity and increase in pump rice seemed to have dashed the hope of better days promised by government; rather the situation is becoming more difficult for them.

Civil servants lamented the daily increase in the cost of living while salary remains unchanged, described the situation as a plot to undermine public service.

A senior civil servant in Jigawa State, Alhaji Musa Saudi, faulted the National Economic Policy as responsible for the deteriorating the situation.

“There is no country that can survive on palliative economy which nigeria is currently operating,” he declared.

in Katsina State, Independent market filling stations are selling fuel at the rate of N815, N780, N760 and N700, while the NNPCL sold at 620 per litre.

https://eyesoflagos.com/2024/04/26/months-after-the-removal-of-subsidies-nigerians-are-still-facing-queues-and-fuel-scarcity/

cc: Mynd44

Faithful007:


I get this page is about military but I wasn't really thinking about influence though.

I don't see any significant parallels between nigeria and UK besides English. If any country were to be UK, it could be Mauritius (Again to a certain extent).

Mauritius is a special case, it's a small island country with no say.

Small island countries are dependent upon geopolitics for their situation and not on their own. They can extreme poor like Haiti or extreme rich like Singapore.

Faithful007:

I was looking at internal factors like this:

SA/US: Developed/diversified economy, Strong Democracy, Blue_red and Racial politics, Economic Inequality, Privatisation, Wokeness, Right to bear arms, etc.

NG/India: Developing economy, Population, Emmigration/Strong Diaspora, Convoluted politics, Religous and Tribal tension, Social Inequality, Vibrance, Pride/Quasi-patriotism, Worship of the elite etc.

Your comparisons are horribly factually incorrect in any context be it comparison between differences in Nig and IND vs SA and US or direct facts.

1. Gap between India and US of income is over 25 times. Levels of SA and nigeria in development is similar and both are far far behind US or India.

2. SA is far from being a developed country. Except per capita income and few cities (because of white population), SA is abysmally behind India in all development indicators, innovation index, IHDI and so forth. And the way India is growing and SA economy is collapsing, India will thrice as rich as SA by end of this decade.

3. SA is a not a diverisfied economy. US and India are highly diversified industrial economies. Reference their industrial sectors, innovation index, USPTO rankings and economic complexity index.

4. Economic Inequality: SA (Gini 63.0) has most Inequality, much more than India (Gini 35.7) and US (Gini 39.4).

5. Private sector: India's private sector in a month produces more than what is SA's GDP. US is in a different league. India is world's largest pool of startups with a 100 unicorns (start ups crossing 1 billion dollars revenue) and world's third largest FDI receipent. SA's private sector here is not even nut sized.

5. Wokeness: India is the only stable democracy of world with no civil wars, military rule, same sex rights and again, woke movement too has much longer.

6. Right to bear arms: That's a sign of lawlessness if SA takes pride in it.

I do not have to talk about space, scientific research, nuclear & aviation.
Second one

1. Developing economy: nigeria is a Developing economy, India is a newly industrialized country.

2. Strong Diaspora: Indian Diaspora is not comparable to Nigerian Diaspora. I will remain silent on what Indian Diaspora does in other countries vs what Nigerian Diaspora does or I will look like racist.

3. Every democracy has Convoluted politics. Difference is Nigerian politics has brought civil wars and military rules. Indian politics most long lasting democracy in developing world with only 6 prime ministers ruling country for most history, a western style industrial system, and a system which ranks in line with best democracies in world.

4. Religious and Tribal tension: I won't repeat again. in India, communities do not clash daily. What happens daily in nigeria would be called civil war in India. Just compare rankings of two countries in fragile stated index.

5. Worship of elite: Utter bullshit coming from you.


There is a no similarity and every country is specific on its own. China, India are Southeast Asian countries and highly industrialized developing countries at levels of developed world and will replace them soon. You cannot compare those to Africa where basic first industrial revolution has not properly started.

nigeria and South Africa share no similarity with them just because a disgruntled BBC employee loves to yell at India.

chopnaira:

Maybe they are scared of unknown gunmen.

Aba is currently one of the safest cities in nigeria. Which cave did you creep out from for you not to know that?

Pecoleee345:


Not everywhere is plenty like lagos,Abuja, ph

70k in small town can feed a family......infact many families are surviving on that.

Everyone can't live large.

Please mention the town in nigeria, I will like to know.
You call 70k living large?
in some families, some children are in the university, and some about to write WAEC.
How much is Rice, Garri, Beans and Yam in your area?
There are people in nigeria that are being paid in Millions by the Government and you call 70k living large.


People enjoying the economy right now are villagers who are into deep farming.


Families surviving with 70k salary in cities must have another source of income, if not, they'll end up aquiring debts here and there.


I know a Government teacher who doesn't even enjoy her salary because as soon as it lands, she pays for all the food stuffs she acquired in debts and have to owe the more to feed her kids for that month.

FactsZoneAfrica:
in a groundbreaking move, Lagos State Governor Babajide Sanwo-Olu has dramatically increased the minimum wage for state workers from N35,000 to N70,000. This decision marks a significant shift in the financial landscape for thousands of civil servants in nigeria's bustling commercial hub.

Lagos State's decision sets a new benchmark within nigeria, where many states struggle to meet even the federal minimum wage of N30,000. This bold step by Governor Sanwo-Olu not only highlights disparities in economic capabilities among Nigerian states but also puts pressure on other regions to reevaluate their wage structures.

Public and Political Reactions

Many civil servants and labor unions have lauded the Governor’s decision, viewing it as a long-overdue adjustment that recognizes the rising cost of living in one of Africa’s most expensive cities.

https://africafactszone.com/lagos-state-governor-increases-minimum-wage/

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What Obi couldn't do, his master in governance is easily doing it

jjj37:

Going through your comments i know for sure you're neither educated properly nor exposed. They should've come out and counter western propaganda in English language or korean language, do they even read or understand what you and your likes are posting, even if they write articles in korean language, will you understand?? Okay now, Which beautiful side of any city in your belove country nigeria can be compare to those in the videos below?? Your country that's rich with no modern high rise structures or infrastructure to it's ranks.
Where did they(NK) get the money from to build such beautiful and serene cities with good subways, high speeds trains, functional parks etc if they were poor as you insinuated??
With all the freedom & wealth you have in nigeria, you still cannot boast of any basic functional amenities or such beautiful architectures around as in NK.. I therefore conclude that you and the many guys here comparing North korea to nigeria are biologically & botanically dumb beyond redemption.
Any country that have such taste in infrastructure is doing well economically, socially, mentally and otherwise though may not be excellent but they're doing well, imagine they life they're craving for themselves, Now imagine yourself inside keke or with your Nigerian 3rd hand used car going through to your house in your primitive 3rd world environment filled with bandits mosquitos, going to bed with noise of generators and high cost of living, waking up with no assured future because of corruption & indiscipline, wouldn't you die than be proud of such a country talkless of coming online to boast about it?? Are you mentally ill or something??

For future sake, if you don't have data to download and watch the videos below, just drop your acc details or phn number, I'll share data with you, but don't come here to talk thrash again.


https://www.youtube.com/watch?v=gw2x8ZXj6VA?si=R4SbaxVFF1h6XjJ0


https://www.youtube.com/watch?v=5mBvE93vq1Y?si=M2dT_dkOU9amoDcP


https://www.youtube.com/watch?v=nPrXkwqfXjw?si=9ttU6uxdWGp5Z7kG

Please, sir can I drop my account?

Globalinfo247:
Former Governor of Enugu state, Dr Okwesilieze Nwodo, has stated that nobody can deny the fact that the Igbos contributed immensely towards the development of Lagos, Abuja, and other states in nigeria.

During an interview on Arise TV, Nwodo said if there are 10 markets in Lagos, 7 were built from swamps by Igbo traders. 

‘’What nobody can deny as a fact is that the Igbos have contributed immensely to the development of Lagos, Abuja, Kano, Kaduna, Port Harcourt and many other cities. in any city the Igbos have contributed to building, they have come very close second to the indigenous population and sometimes neck to neck. in Lagos, if there are 10 markets in Lagos, seven were built from swamps by Igbo traders, not to talk about manufacturers in that city, not to talk about those who have built residential houses, not to talk about those who have built the hospitality industry.......



Follow link to watch video here

Cursed, always want to be relevant so pathetic.

The wealthiest cities in Africa represent the economic powerhouses driving the continent’s growth and development.


The 2024 Africa Wealth Report published by Henley & Partners highlights these cities as key players in Africa’s economic landscape, showcasing their prosperity and potential.

As indicated in the report, Africa currently accommodates a total of 135,200 high-net-worth individuals (HNWIs) possessing liquid investable wealth surpassing USD $1 million.


Additionally, the continent is also home to 342 centi-millionaires, whose net worth amounts to USD 100 million or more, and 21 billionaires.


The report provides a comprehensive review of private wealth in Africa, including trends in high-net-worth individuals, luxury, and wealth management, as well as expert insights on investing in Africa, the migration sector investment, and economic mobility on the continent.

Number of high net-worth individuals in nigeria, South Africa, and other African cities
The following ranking is based on the number of millionaires (in US dollars) living in these cities:

Johannesburg: 12,300 HNWIs

Johannesburg is home to the Johannesburg Stock Exchange, the largest stock exchange in Africa by some margin and one of the world’s top 20 exchanges. Most of Johannesburg’s top-end wealth is concentrated in the suburbs surrounding Sandton City Shopping Centre, which has been dubbed “the richest square mile in Africa”. in particular, the Sandton suburbs of Sandhurst, Hyde Park, and Inanda are all home to large numbers of HNWIs, as is the ‘old money’ suburb of Westcliff, which is located closer to the old Johannesburg central business district.

Cape Town: 7,400 HNWIs

Cape Town contains many of Africa’s most opulent residential suburbs, including “New World Wealth’s Prime 7,” which comprise Clifton, Bantry Bay, Camps Bay, Bishopscourt, Constantia, Llandudno, and St. James. The city is currently benefiting from the ongoing ‘semigration’ of large numbers of HNWIs from other parts of South Africa (especially Johannesburg and Pretoria).
It is also an increasingly popular retirement destination for migrating millionaires from Europe and the rest of Africa. Cape Town is on track to overtake Johannesburg to become Africa’s wealthiest city by 2030.

Cairo: 7,200 HNWIs

Located along the Nile River, Cairo is one of the world’s most important cities historically. It is home to more billionaires and more centi-millionaires than any other African city but ranks only 3rd by the number of HNWIs. Affluent parts of the Greater Cairo include Zamalek, Garden City, and Newgiza.

Nairobi: 4,400 HNWIs

East Africa’s economic engine, Nairobi is home to some of Africa’s oldest and most well-established luxury residential neighborhoods, including Karen and Muthaiga. It accounts for a high 48% of Kenya’s total wealth and over 60% of the country’s millionaires.

Unlike other cities near the equator, Nairobi is known for its mild and temperate climate — the city is located at an altitude of around 1,800 meters above sea level, which helps to keep temperatures there relatively cool.

Lagos: 4,200 HNWIs

Lagos is the largest city in Africa in terms of overall population and is home to the Nigerian Stock Exchange. It is also the base city for African multinational giants such as the Dangote Group and Zenith Bank.

The Cape Winelands: 3,600 HNWIs

Includes the neighboring towns of Paarl, Franschhoek, and Stellenbosch in South Africa’s Winelands region. The Cape Winelands have several luxury lifestyle estates that have attracted HNWIs such as Val de Vie, De Zalze, and Domaine des Anges. Also, most of the wine farms in the area are owned by ultra-wealthy HNWIs and centi-millionaires, who often retire there.

Durban, Umhlanga, and Ballito: 3,500 HNWIs

These neighboring towns on South Africa’s Natal Coast feature many of the world’s top eco-estates including Zimbali, Simbithi, Izinga, Brettenwood, Dunkirk Estate, and Hawaan Forest Estate. Lagoon Drive in Umhlanga is also very opulent, with luxury apartment complexes such as the Oysters, the Pearls, the Bermudas, and Edge of the Sea.

The Garden Route: 3,200 HNWIs

Stretches from Mossell Bay to Storms River on South Africa’s South Coast. Notable towns on the route include Plettenberg Bay, George, Knysna, Wilderness, and Mossell Bay, as well. as luxury lifestyle estates such as Silver Lakes, Mooikloof Equestrian Estate, and Woodhill Estate.


SOURCE:https://brandspurng.com/2024/04/24/checkout-top-10-wealthiest-cities-in-africa/

in a groundbreaking move, Lagos State Governor Babajide Sanwo-Olu has dramatically increased the minimum wage for state workers from N35,000 to N70,000. This decision marks a significant shift in the financial landscape for thousands of civil servants in nigeria's bustling commercial hub.

Lagos State's decision sets a new benchmark within nigeria, where many states struggle to meet even the federal minimum wage of N30,000. This bold step by Governor Sanwo-Olu not only highlights disparities in economic capabilities among Nigerian states but also puts pressure on other regions to reevaluate their wage structures.

Public and Political Reactions

Many civil servants and labor unions have lauded the Governor’s decision, viewing it as a long-overdue adjustment that recognizes the rising cost of living in one of Africa’s most expensive cities.

https://africafactszone.com/lagos-state-governor-increases-minimum-wage/

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Globalinfo247:
Former Governor of Enugu state, Dr Okwesilieze Nwodo, has stated that nobody can deny the fact that the Igbos contributed immensely towards the development of Lagos, Abuja, and other states in nigeria.

During an interview on Arise TV, Nwodo said if there are 10 markets in Lagos, 7 were built from swamps by Igbo traders. 

‘’What nobody can deny as a fact is that the Igbos have contributed immensely to the development of Lagos, Abuja, Kano, Kaduna, Port Harcourt and many other cities. in any city the Igbos have contributed to building, they have come very close second to the indigenous population and sometimes neck to neck. in Lagos, if there are 10 markets in Lagos, seven were built from swamps by Igbo traders, not to talk about manufacturers in that city, not to talk about those who have built residential houses, not to talk about those who have built the hospitality industry.......



Follow link to watch vide

I will not dispute that Ibo contributed to crime in Lagos. But I dispute their contribution to its development.

Ibo is erecting structures without govt approval and building markets on drainagae and govt right of way. No approval no planning. in SE this they call development.

in Yorubaland, that's nuisance. This is why Ibo illegal structures get torn down. We are not looking for nuisance, we are looking for development.

They will fabricate fake drug, fake drink, fake equipments. They call it industrialization.

Our definition of development, our definition of industrialization is different from Ibo way of developing and industrailizing.

Former Governor of Enugu state, Dr Okwesilieze Nwodo, has stated that nobody can deny the fact that the Igbos contributed immensely towards the development of Lagos, Abuja, and other states in nigeria.

During an interview on Arise TV, Nwodo said if there are 10 markets in Lagos, 7 were built from swamps by Igbo traders. 

‘’What nobody can deny as a fact is that the Igbos have contributed immensely to the development of Lagos, Abuja, Kano, Kaduna, Port Harcourt and many other cities. in any city the Igbos have contributed to building, they have come very close second to the indigenous population and sometimes neck to neck. in Lagos, if there are 10 markets in Lagos, seven were built from swamps by Igbo traders, not to talk about manufacturers in that city, not to talk about those who have built residential houses, not to talk about those who have built the hospitality industry.......



Follow link to watch video here

Mindlog:
Misplaced priority.

The billions should go into investing in education, where they set up vocational institutes in every local government in the state, where their young ones would be trained in where their interest lies such as plumbing, electricals, carpentry, culinary studies, diesel engine maintenance, roofing, tiling etc for about 2 years with stipends given to them monthly instead of exporting thousands of their young ones every year to different cities and towns in nigeria to go and hawk handkerchief, phone charger, gala and the rest of them while when you visit many construction sites in the South East both in the rural and urban areas, there are a lot of Togolese and Beninese artisans working on sites,

They already have an advantage when it comes to rice production, getting their rice farmers hand held harvesters, locally fabricated threshers and winnowers, de-stoners etc would reduce cost of production and produce more rice!

Human capital development is what Ebonyi state is in dire need of, not an airline nor the white elephant of a project called airport, Umahi built!

well said

Misplaced priority.

The billions should go into investing in education, where they set up vocational institutes in every local government in the state, where their young ones would be trained in where their interest lies such as plumbing, electricals, carpentry, culinary studies, diesel engine maintenance, roofing, tiling etc for about 2 years with stipends given to them monthly instead of exporting thousands of their young ones every year to different cities and towns in nigeria to go and hawk handkerchief, phone charger, gala and the rest of them while when you visit many construction sites in the South East both in the rural and urban areas, there are a lot of Togolese and Beninese artisans working on sites,

They already have an advantage when it comes to rice production, getting their rice farmers hand held harvesters, locally fabricated threshers and winnowers, de-stoners etc would reduce cost of production and produce more rice!

Human capital development is what Ebonyi state is in dire need of, not an airline nor the white elephant of a project called airport, Umahi built!

DevilsEqual:
HDI!!

And Anambra has the highest number of hawkers in mega cities across the country


Una dey smoke

You mean Anambra has the highest number of Nigerian traders in mega cities across nigeria and many African countries like Ghana, Kenya, Uganda, Mozambique, Angola, Congo DR, Liberia, South Sudan etc.

flokii:
Just take a look at Lagos State.. You'll know the man is gifted.

Only brain dead individuals and never-do-wells will see an excellent leader and go for a failure that governed a failed state.

Lagos with the smallest land mass has the highest population in nigeria due to opportunities sound minds like Asiwaju and his successors have created using their God-given initiatives.

You want me to vote someone that didn't commission anything, not even pako bridge all through his failed years as governor in Anambra.. Una dey craze.

The Lagos below abi another one dey ni?
Why is it so easy to swindle people like you

itubaba001:
Lagos, the commercial hub of nigeria, has been ranking as one of the worst places to live in the world for the nine straight years, a BusinessDay analysis shows.

Data from the 2019 Global Liveability Index published by the Economist Intelligence Unit (EIU), the world’s leader in global business intelligence, shows the city has been within the range of 137th-139th position out of a total of 140 cities in the world from year 2011-2019.
>
>
The EIU examines the quality of health care, education, infrastructure, stability, and culture when assessing living conditions of each city. More than 30 factors are taken into account when calculating each rank, which are then complied into a weighted score between one and 100.

https://businessday.ng/uncategorized/article/lagos-ranks-amongst-worst-cities-to-live-in-for-nine-straight-years/

A 45-year-old resident and father of three, Mr.Fatai Lamide told PUNCH HealthWise that no building in the community has toilet facilities.

The Oyo State-born mechanic said, “We don’t have toilet in this area, including our compound. This canal that you see serves as toilet to all of us living in this area. We defecate inside nylon and throw it inside the canal.

“For people that don’t want to use nylon, they have a special bucket that they use after which they pour it inside the canal too.

https://punchng.com/cholera-outbreak-looms-in-lagos-communities-as-residents-use-canal-lagoon-as-toilet/

lanre9ja:
I love the clarification

The explanation is very hollow we know what an EPC project is and in project management especially construction project management there is nothing like EPC+F. As in ehhhhh these guys think Nigerians are illiterates, the crux of the matter is this you said the contractor will provide funding while the FG will provide the remaining counterpart funding. First of all why is the amount of funding from both parties being shielded in secrecy? the second part is why can't the ministry of works tell us in full the real amount of this project.
The whole project is just filled with a lot of hidden facts and unclear details, even the aim of the project makes no sense. why will you build a 700km road to link two port cities? is it that a certain commodity can be handed in port so it needs to be transported to each of them? Also note that along the route of the so-called road, there are ports littered all over the south, why is it hard for the government to expand those ports to the capacity of Tincan and Apapa and dredge the river channels to accommodate the kind of ships that enter Lagos Harbor?
We really have visionless leaders. nigeria is strategically positioned between the West and Central Africa. If we expand and fix all the posts along the coast from Lagos to Calabar, we will be handling shipping from PH and Calabar to Chad and Central Africa republic, which will make us a maritime hub in the region. Lagos and Warri will handle shipping to Niger, Burkina Faso and Mali. But we don't have thinking leaders all they are after is projects where they would loot using the usual trick which is SPV. This is how the coastal road project would be.

Ibrahimcoomasie:


https://fmw.gov.ng/read/3169

Please add "Sponsored Post"

The Road might be needed in the Lagos Areas, but not as from Delta-to-Cross River as we have an existing road called the East-West Road that will be not more than 10 nautical miles parallel to this so-called coastal road if completed. why waste resources?,
Tell me the big cities that this road will connect aside from Lagos?.
Why do you need to connect port-2-port using the railway, instead of separately connecting ports to the hinterlands with the railway?.
Is this part of the plan to make Lekki Port the transhipment port for all other ports in nigeria?

akingangan:
Railless Train

It is as cheap as drawing lines on a road and buying driverless trains on wheels that can follow the line

This new technology is a no-brainer.
It eliminates the need for building rail tracks on a smooth surface.
Essentially, it utilizes drawn lines that trains can travel on.
Trains can be easily rerouted by manually driving on wheels to a new line, eliminating the need for a permanent structure.
It will eliminate the need for constructing a separate rail track on the Coastal Highway.
The Nigerian minister of work should reach out to the Chinese companies implementing this technology.

Governors of States in nigeria can easily adopt this as well.



https://www.youtube.com/watch?v=FCl12X7nqrk

you can use this for the coastal highway, it can be used in the cities

jjj37:

Going through your comments i know for sure you're neither educated properly nor exposed. They should've come out and counter western propaganda in English language or korean language, do they even read or understand what you and your likes are posting, even if they write articles in korean language, will you understand?? Okay now, Which beautiful side of any city in your belove country nigeria can be compare to those in the videos below?? Your country that's rich with no modern high rise structures & infrastructure to it's ranks.
Where did they(NK) get the money from to build such beautiful and serene cities if they were poor as you insinuated, with such good subways, high speeds trains, functional parks etc?? With all the freedom & wealth you have in nigeria, you still cannot boast of any basic functional amenities or such beautiful architectures around as in NK.. I now conclude you and the many guys here comparing North korea to nigeria are biologically & botanically dumb beyond redemption.

For future sake, if you don't have data to download and watch the videos below, just drop your acc details or phn number, I'll share data with you, but don't come here to talk thrash again.


https://www.youtube.com/watch?v=gw2x8ZXj6VA?si=R4SbaxVFF1h6XjJ0


https://www.youtube.com/watch?v=5mBvE93vq1Y?si=M2dT_dkOU9amoDcP


https://www.youtube.com/watch?v=nPrXkwqfXjw?si=9ttU6uxdWGp5Z7kG

Good that you told them to drop their account or phone number because they APC urchins and Batified cornvict will never have data to watch that video.



Next thing they will tell you that you're no longer patriotic cox your candidate lost election.

jjj37:

Going through your comments i know for sure you're neither educated properly nor exposed. They should've come out and counter western propaganda in English language or korean language, do they even read or understand what you and your likes are posting, even if they write articles in korean language, will you understand?? Okay now, Which beautiful side of any city in your belove country nigeria can be compare to those in the videos below?? Your country that's rich with no modern high rise structures & infrastructure to it's ranks.
Where did they(NK) get the money from to build such beautiful and serene cities if they were poor as you insinuated, with such good subways, high speeds trains, functional parks etc?? With all the freedom & wealth you have in nigeria, you still cannot boast of any basic functional amenities or such beautiful architectures around as in NK.. I now conclude you and the many guys here comparing North korea to nigeria are biologically & botanically dumb beyond redemption.

For future sake, if you don't have data to download and watch the videos below, just drop your acc details or phn number, I'll share data with you, but don't come here to talk thrash again.

https://yx8ZXj6VA?si=R4SbaxVFF1h6XjJ0

https://3vq1Y?si=M2dT_dkOU9amoDcP

https://si=9ttU6uxdWGp5Z7kG

You just have time to prove to USA fans that don't think for themselves

A nation that prints it own money can't be poor not in this generation lol

People think USA dollars have value in every country north Korea don't fix it hope on USA currency

North Korea don't lack basic facilities because they provide everything that they want

We are still waiting for fake news cnn and BBC report that putin has cancer and tb Joshua rapes people and Iraq has weapons of mass destruction

Assad must go

All the lies the world has seen they thrive in propaganda while all this time it was actually Biden the Satan associate that has cancer

And Jeffery and Clinton and royal family UK are the ones that rapes girls

lanre316:

This is not propaganda. How do I know? We are in the age of social media. This is 2024. Western propaganda has limits now.
The North Koreans living in North Korea should have come online as independent individual voice to prove the "Western propaganda" wrong, like other nationalities are doing all over the world or have you ever come across any? I haven't.
If words can lie, pictures cannot lie. See North Korea in terms of night lights compared to her neighbors Russia and South Korea

Going through your comments i know for sure you're neither educated properly nor exposed. They should've come out and counter western propaganda in English language or korean language, do they even read or understand what you and your likes are posting, even if they write articles in korean language, will you understand?? Okay now, Which beautiful side of any city in your belove country nigeria can be compare to those in the videos below?? Your country that's rich with no modern high rise structures or infrastructure to it's ranks.
Where did they(NK) get the money from to build such beautiful and serene cities with good subways, high speeds trains, functional parks etc if they were poor as you insinuated??
With all the freedom & wealth you have in nigeria, you still cannot boast of any basic functional amenities or such beautiful architectures around as in NK.. I therefore conclude that you and the many guys here comparing North korea to nigeria are biologically & botanically dumb beyond redemption.
Any country that have such taste in infrastructure is doing well economically, socially, mentally and otherwise though may not be excellent but they're doing well, imagine they life they're craving for themselves, Now imagine yourself inside keke or with your Nigerian 3rd hand used car going through to your house in your primitive 3rd world environment filled with bandits mosquitos, going to bed with noise of generators and high cost of living, waking up with no assured future because of corruption & indiscipline, wouldn't you die than be proud of such a country talkless of coming online to boast about it?? Are you mentally ill or something??

For future sake, if you don't have data to download and watch the videos below, just drop your acc details or phn number, I'll share data with you, but don't come here to talk thrash again.


https://www.youtube.com/watch?v=gw2x8ZXj6VA?si=R4SbaxVFF1h6XjJ0


https://www.youtube.com/watch?v=5mBvE93vq1Y?si=M2dT_dkOU9amoDcP


https://www.youtube.com/watch?v=nPrXkwqfXjw?si=9ttU6uxdWGp5Z7kG

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We are an equal opportunity employer and welcome applicants from all backgrounds and experiences. We celebrate diversity and are committed to creating an inclusive environment for all employees.

Remarks;

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I am not even sure you read what I wrote or, like you said...some of the people that are educated are still illiterates. Let me pick the most valid points and summarize it for you.
1. I do not discriminate, and I clearly say that I can separate past experiences from current tenants.
2. I still rent to Igbos, and yes, I have properties in areas they want to rent at because they are closer to the big markets.
3. I understand why some feel the way they do...if yorubas are disproportionately doing likewise, I will understand if you are hesitant...It is called common sense.
4. Even in Europe, the actions of some affect how people relate with others...and they are far more advanced than in your villages.

I will leave it here...because the point is not to get back and forth with you. I was clear that I have Igbos in my family...we are detribalized because we marry across tribes. This tells me again that you did not even finish reading or didn't comprehend what I wrote.

Billionairly:


Everyone can clearly see how you and the other useless people from ur village have decided to move your tribalism into the housing market. Learned Yorubas will not step up now and quickly condemn this act. If this becomes a thing in nigeria your people will be at the receiving end of it. There are way more igbo landords than yorubas across the board in nigeria, the gap is quite large. If ibo start refusing to rent to you guys for the same stupid reasons you are are giving above then homelessness will persist amongst your people. I have hundreds of flats across different nigerian cities, a lot of my tenants are yoruba. I have never thought of using the bad behaviour of one to judge the rest.

Anyways come to think of it, I dont think any igbo person will be stupid enough to reject an entire tribe because of the behavior of one, We are more financially enlightened than that, that would be a suicidal business move to make. You can notice there is no igbo person talking about not renting to a yoruba person, even though there are far more igbo landlords. Thats why your people are poorer per capital and less educated. Even those of you who can read or write are very illiterate when it comes to finance and managing small businesses. You guys need some sort of divine emancipation.

MasterTeeUSA:
Sadly this is true but some Igbos have showed some Yoruba landlord shege...I am a living proof of that. Do I still rent to Igbos, yes ...because I am able to separate my previous experience from new tenants but it's not easy I will tell you that. The sad part is...fellow Igbos don't see anything wrong in what their kinsmen do which now creates a bad vibe and lead to generalization...like forming a gang against the landlord in his own house..I think we all should look in the mirror and decide that to change nigeria, it must start with us.

I still had a recent experience last month...the Grandma almost fought my Mom. House was bought since Dec. Rent finished in Dec. Landlord told them house has been sold...we gave 3 months. Found a new place and kept delaying us saying the other house is not ready...lies upon lies...gave many different dates...and this delayed the workers and all...I just decided to keep it vacant for now and maybe will consider AirBnB...cos I would hate to discriminate but the way some tenants act..you connect the dot and you almost would want to conclude its in the blood of some tribes. Mind you, I have a sister married to Igbo...his behavior not so encouraging as well.

Everyone can clearly see how you and the other useless people from ur village have decided to move your tribalism into the housing market. Learned Yorubas will not step up now and quickly condemn this act. If this becomes a thing in nigeria your people will be at the receiving end of it. There are way more igbo landords than yorubas across the board in nigeria, the gap is quite large. If ibo start refusing to rent to you guys for the same stupid reasons you are are giving above then homelessness will persist amongst your people. I have hundreds of flats across different nigerian cities, a lot of my tenants are yoruba. I have never thought of using the bad behaviour of one to judge the rest.

Anyways come to think of it, I dont think any igbo person will be stupid enough to reject an entire tribe because of the behavior of one, We are more financially enlightened than that, that would be a suicidal business move to make. You can notice there is no igbo person talking about not renting to a yoruba person, even though there are far more igbo landlords. Thats why your people are poorer per capital and less educated. Even those of you who can read or write are very illiterate when it comes to finance and managing small businesses. You guys need some sort of divine emancipation.

Agunesinjaweola:
American Schools or Foreign sponsored Schools abound in big cities all over the world.

These schools are to cater for the immigrants children. Nigerians Yoruba speaking schools are in Ivory Coast and they speak Yoruba to teach the Pupils.

Anyway, I won't bother sending my kids to India Speaking School in nigeria.

Can you build a Yoruba school in USA and say only black children can attend?