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Eid-el Kabir: Traders, buyers lament high cost of goods, services in Ibadan

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With Eid-el-Kabir celebrations fast approaching, some traders and buyers in Ibadan have expressed concern over high cost of rams, foodstuffs and other commodities and services.

A survey carried out by newsmen in some markets in Ibadan revealed that all the respondents were bothered by the unstable nature of prices of goods and services.

Price checks at ram markets in New Ife Road, Egbeda, Adegbayi and Alakia areas of Ibadan showed that an average-sized ram, which sold for N40,000 in 2020, now cost between N60,000 and N65,000.

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It was also observed that a big-sized ram sold for between N80,000 and N120,000.

At Aleshinloye market, rams cost between N30,000 and N110,000, a price range whichAbdullahi Hashim, a ram seller, considered to be exorbitant.

According to Mr Hashim, the high price was due to the security condition in the northern part of the country as well as high cost of transportation.

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Similarly, another ram seller, Mr Ibrahim Jamiu, blamed transporters bringing the rams from the north for charging exorbitant fares.

Mr Jamiu added, “even the prices of rams we rear here are high, because their feeds are costly too.

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“We are only appealing to government to let its economic policies allow businesses to grow.”

A man, Abdulazeez Adeleke, who bought a ram for N63,000 at Adegbayi, lamented its high price and those of other items.

According to him, the high cost of rams, food items and other consumables might not allow many families to celebrate the Salah as they would have loved to.

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Another ram buyer, AbdulRashid Jimoh, said although rams were very much available, the prices were out of reach.

He, however, said that he could not but buy for his parents, no matter the cost.

In his opinion, Mr Sanusi Hassan, a ram buyer at Aleshinloye market, linked the scarcity and high cost of the animal with the cancellation of the 2021 hajj pilgrimage by Saudi Arabian Government.

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This, he said, had created room for more Muslim faithful, who would have celebrated Salah in Saudi Arabia, to be at home for the festival.

Mr Morufu Sani, an intending ram buyer at Ojo-Oba market, regrettably said he could not afford to buy a ram due to its high cost.

“A big ram of my choice is sold for N140,000.

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“Where do I get such money? Any meat we see, no matter how small, my family and I will manage it,” he said.

However, a rice seller at Oja-Oba market, Alhaja Olugbade Salami, said that prices of all foodstuffs, including rice, had increased even before the onset of the festive period.

“A bag of rice that we used to sell at below N20,000 is now sold for N26,000 and it is quite unfortunate that there’s no patronage now like before,” she said.

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Meanwhile, Bisola Salawu, an onion seller, said that buyers were no longer buying in bulk due to the hike in price of the item.

“Forty pieces of onion that we used sell for N2,000 before now sell for N2,500, and you will hardly see people buying in bulk as they used to,” she said.

 

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As for tomatoes, a seller, Kawa Aminat, told NAN that a bucket of tomatoes, which sold for N800 in 2020, now sold for between N1,500 and N2,000.

“Almost all the prices of commodities brought from the North have gone up due to COVID-19 issues, transportation cost and farmers/herders’ crises.

For instance, six pieces of yam that used to sell for N4,500 now went for N6,000, resulting in reduced patronage,” she said.

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Secretary of Arewa Pepper Sellers Association of Oyo State, Mallam Illiasu Bala, also said that Tatashe (Bell pepper) and Bawa (Sombo), which formerly sold at N7,000 per bag, had each increased to N20,000 per bag.

Also, Chairman of the Oyo State Onion Sellers’ Association, Alhaji Azeez Ademola, who explained that onion was not in season, said that a small bag of onions was now N20,000, while the big bag was now N30,000.

A vegetable oil seller at Ojo-Oba market, who simply identified herself as Alhaja, said she had not sold anything since she opened her shop in the morning.

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“A five-litre Kings Oil that was around N3,500 before is now sold for N5,000, and there’s no market. I have been sitting down like this since morning.

“Everywhere is dry. Whether Ileya or not, customers are not coming. Many people are even living on loans,” she said.

According to reports, the prices of textile materials at Gbagi textile market remained stable, with 12 yards of locally-made Ankara fabric selling for between N3,000 and N7,000, depending on the quality.

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However, a textile dealer, Mrs Aliratu Lasisi, complained of low patronage, attributing it to the poor economic situation of the country.

She observed that people were now more concerned about what to eat than what to wear.

Her submission was affirmed by operators in the fashion industry, as some tailors and fashion designers said there had been sharp decline in patronage, in spite of the Sallah that was fast approaching.

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A tailor, Saliu Ojedele, said, “Gone are days when we used to hire more hands to work night shifts in order to meet up with customers’ demands.

“Ordinarily, we ought to have started doing that, but it’s quite different now,” he said.

A customer, Mr Abdullahi Wasiu, however, said that he was more particular about getting his children clothes to make them happy and comfortable in the midst of their peers and extended family members.

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“For adults, you can wear whatever you have, especially if there are no means of buying new dresses. Aside that, getting ram is more important than buying new dresses,” he said.

Contrarily, a jeweler, Miss Nkechi Emeka, said that the soaring prices of consumer goods and services had not dampened people’s morale towards shopping.

“I will not say people are not buying like before. Yes, the percentage of those who usually visit markets during festive periods has reduced, but sellers are also not able to meet the demands.

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“This is because of the increase in dollar rate and some of us did not have enough money to stock up before this week.

“Some sellers have even run out of goods because they didn’t get enough money to buy before this period,” she said.

Corroborating, Emeka, a clothe vendor, described the rising prices of goods as an unfavourable trend for both buyers and small business owners.

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“What some of us did to prepare for the demands of this season was to form groups. We contributed money to buy in bulk; we then split the goods for sale.

“However, the amount that we used to spend on purchasing 10 cartons is now what we use to buy one or two cartons.

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“The prices are even unstable. What you buy today at N50,000 may go up to N55,000 within a week.

“The economy is really biting hard and the unstable prices have forced some of our colleagues to shut down,” she said.

A buyer, Mojo Daramola, who was at the market to shop for the festive period, lamented what she described as “outrageous prices”.

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Mrs Daramola, who appealed to government to urgently intervene in driving down the prices of goods and services, said she was left with the option of buying fewer items, which mostly included her children’s clothes. 

NAN

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Noble Ladies Champion Women’s Financial Independence at Grand Inauguration in Abuja

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Women from diverse backgrounds across Nigeria and beyond gathered at the Art and Culture Auditorium, Abuja, for the inauguration and convention of the Noble Ladies Association. The event, led by the association’s Founder and “visionary and polished Queen Mother,” Mrs. Margaret Chigozie Mkpuma, was a colourful display of feminine elegance, empowerment, and ambition.

The highly anticipated gathering, attended by over 700 members and counting, reflected the association’s mission to help women realise their potential while shifting mindsets away from dependency and over-glamorization of the ‘white collar job.’ According to the group, progress can be better achieved through innovation and creativity. “When a woman is able to earn and blossom on her own she has no reason to look at herself as a second fiddle,” the association stated.

One of the association’s standout initiatives is its women-only investment platform, which currently offers a minimum entry of ₦100,000 with a return of ₦130,000 over 30 days—an interest rate of 30 percent. Some members invest as much as ₦1 million, enjoying the same return rate. Mrs. Mkpuma explained that the scheme focuses on women because “women bear the greater brunt of poverty” and the platform seeks “to offer equity in the absence of economic equality.”

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Education is also central to the Noble Ladies’ mission, regardless of age. Their mantra, “start again from where you stopped,” encourages women to return to school or upgrade their skills at any stage in life. The association believes that financial stability is vital in protecting women from cultural practices that dispossess widows of their late husbands’ assets, while also enabling them to raise morally and socially grounded families.

Founded on the vision of enhancing women’s skills and achieving financial stability, the association rests on a value system that discourages pity and promotes purpose. “You have a purpose and you build on that purpose to achieve great potentials and emancipation,” Mrs. Mkpuma said.

A criminologist by training and entrepreneur by practice, she cautions against idleness while waiting for formal employment. “There are billions in the informal and non-formal sectors waiting to be made,” she said, rejecting the “new normal of begging” and urging people to “be more introspective to find their purpose in life and hold on to it.”

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Mrs. Mkpuma’s management style keeps members actively engaged, focusing on vocational skills and training to prepare them for competitive markets. She is exploring “innovative integration of uncommon technologies” and is already in talks with international franchises to invest in Nigeria, with Noble Ladies as first beneficiaries.

The association’s core values include mutual respect, innovation, forward-thinking, equal opportunity, and financial emancipation. With plans underway to establish a secretariat in the heart of Abuja, the group aims to expand its impact.

The event drew high-profile guests, including former Inspector General of Police, Mike Okiro, and a host of VIPs, marking a significant milestone in the association’s drive for women’s empowerment.

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NEPZA, FCT agree to create world-class FTZ environment

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NEPZA, FCT agree to create world-class FTZ environment

The Nigeria Export Processing Zones Authority (NEPZA) has stepped in to resolve the dispute between the Federal Capital Territory Administration and the Abuja Technology Village (ATV), a licensed Free Trade Zone, over the potential revocation of the zone’s land title.
Dr. Olufemi Ogunyemi, the Managing Director of NEPZA, urged ATV operators and investors to withdraw the lawsuit filed against the FCT administration immediately to facilitate a roundtable negotiation.
Dr. Ogunyemi delivered the charge during a courtesy visit to the Minister of the Federal Capital Territory, Barrister Nyesom Wike, on Thursday in Abuja.
You will recall that the ATV operators responded to the revocation notice issued by the FCT administration with a lawsuit.
Dr. Ogunyemi stated that the continued support for the growth of the Free Trade Zones Scheme would benefit the nation’s economy and the FCT’s development, emphasizing that the FCT administration recognized the scheme’s potential to accelerate industrialisation.
Dr. Ogunyemi, also the Chief Executive Officer of NEPZA, expressed his delight at the steps taken by the FCT minister to expand the economic frontier of the FCT through the proposed Abuja City Walk (ACW) project.
Dr. Ogunyemi further explained that the Authority was preparing to assess all the 63 licensed Free Trade Zones across the country with the view to vetting their functionality and contributions to the nation’s Foreign Direct Investment and export drives.
“I have come to discuss with His Excellency, the Minister of the Federal Capital Territory on the importance of supporting the ATV to succeed while also promoting the development of the Abuja City Walk project. We must work together to achieve this for the good of our nation,” he said.
On his part, the FCT Minister reiterated his unflinching determination to work towards President Bola Ahmed Tinubu’s Renewed Hope Agenda by bringing FDI to the FCT.
“We must fulfil Mr. President’s promises regarding industrialization, trade, and investment. In this context, the FCT will collaborate with NEPZA to review the future of ATV, a zone that was sponsored and supported by the FCT administration,” Wike said.
Barrister Wike also said that efforts were underway to fast-track the industrialisation process of the territory with the construction of the Abuja City Walk.
The minister further said the Abuja City Walk project was planned to cover over 200 hectares in the Abuja Technology Village corridor along Airport Road.
According to him, the business ecosystem aimed to create a lively, mixed-use urban center with residential, commercial, retail, hospitality, medical, and institutional facilities.
He added that the ACW would turn out to be a high-definition and world-class project that would give this administration’s Renewed Hope Agenda true meaning in the North-Central Region of the country.
Barrister Wike also indicated his continued pursuit of land and property owners who failed to fulfil their obligations to the FCT in his determination to develop the territory.

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Benue IDPs block highway, demand return to ancestral homes

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Vehicular movement along the Yelwata axis of the Benue–Nasarawa highway was brought to a standstill on Wednesday as Internally Displaced Persons, IDPs, staged a protest, demanding immediate return to their ancestral homes.

The protesters, believed to be victims of persistent attacks by suspected herdsmen, blocked both lanes of the busy highway for several hours, chanting “We want to go back home”.

The protest caused disruption, leaving hundreds of motorists and passengers stranded.

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Eyewitnesses said the displaced persons, many of whom have spent years in overcrowded IDP camps, are expressing deep frustration over the government’s delay in restoring security to their communities.

“We have suffered enough. We want to return to our homes and farms,” one of the protesters told reporters at the scene.

Security personnel were reportedly deployed to monitor the situation and prevent any escalation, though tensions remained high as of press time.

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Efforts to reach the Benue State Emergency Management Agency, SEMA, and other relevant authorities for comment were unsuccessful.

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