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Anxiety Trails Planned Increase In Bread Price

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The planned increase in the price of bread by the Master Backers Association of Nigeria has continued to generate anxiety among bread sellers and consumers in Port Harcourt.
Reacting to the planned increase, some bread sellers and consumers who spoke with The Tide said the action will lead to hunger in the land as most people would not be able to afford bread again.
A bread seller, Mr Wokoma Ezekiel said, “The master bakers should shelve their action in the interest of the masses, I know that things are very expensive, but they should realise that most people, especially the low economic class depend on bread for their daily living, any increase in the price of bread would be burden some on the people”.
Another bread seller, Mrs Oluchi Okere, told The Tide, that the planned increase in bread price would affect the businesses of bread selling.
“It took the people sometime to cope with the increase in the price of bread sometime in the past, because of the high cost of flour, any further increase in the price of bread would affect our business as most people will not be able to buy. I want the master bakers to stop the planned increase in price to save our business”.
Emmanuela Okoh, who also sells bread in Port Harcourt, said Nigerians are already yoked under a high cost of living and the increase in the price of bread would worsen the economic situation.
She called on the federal government to subsidise the prices of flour and liberalise the flour industry by allowing more investors to be involved in the business.
“The federal government should ensure that the right environment is created for more investors to get involved in the flour mill business.
“Government should also build more flour mills in the country, this will not only reduce the cost of flour, but provide more jobs for the people”.
It would be recalled that the chairman of the Master Bakers Association, Rivers State Branch, Mr Kolawole Adelegun had recently announced the plan by the body to increase the unit price of bread following the increase in the cost of flour and other baking ingredients.
Adelegun said the increase in the price of a bag of flour by N600,00 has affected the business and may lead to a slight adjustment in the price of bread. He said the decision has not yet been taken but was in the offing.
The chairman also called on the Rivers State Government to address the issues of double taxation which is affecting the master bakers.
He pointed out that the master bakers were facing serious levies not related to bakers, such as MoT levies which affect the distribution of bread in Port Harcourt and its environs.

 

Taneh Beemene

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FG Approves 4 New Channel Management Firms For Seaports

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The Federal Executive Council (FEC) has approved four new channel management companies for seaports across the country in a move aimed at improving vessel navigation and port operations.
Speaking at the recently concluded Annual General Meeting of the Nigerian Association of Master Mariners (NAMM), former General Manager, Marine and Operations, Capt. Ebubeogu Ihenacho, disclosed that there would be changes in the ownership of the Lagos Channel Management Company Limited and the Bonny Channel Management Company.
According to Ihenacho, the four channels serving Nigeria’s major port clusters will have different channel management companies as approved by the FEC.
He said a new company had been approved to manage the Lagos port channel, with a change of name, while the Calabar Channel would be managed by the Calabar Channel Management Company.
He added that Bonny Channel Management Company had also undergone a change of ownership.
On the Warri Channel, Ihenacho said the Federal Government had approved China Harbour Engineering Company (CHEC) and two other companies to form a consortium to manage the Escravos Channel.
He said: “For Warri, it was approved for China Harbour Engineering Company, CHEC, and two other companies, who would now form a consortium.
That consortium will now form a Special Purpose Vehicle (SPV) with the Nigerian Ports Authority to manage the Escravos Channel.”
Recall that the management of the NPA had declined to renew the concessions of the Lagos Channel Management Company Limited and the Bonny Channel Management Company, opting instead for six-month extensions of the existing arrangements.
By; Enoch Epelle
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RIRS Warns Against Unauthorised Tax Collection

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The Rivers State Internal Revenue Service (RIRS) has warned motorists, transport operators and business owners against paying taxes, levies or charges to Unauthorised persons and organisations, insisting that only the Service and its duly appointed agents are legally empowered to collect taxes on behalf of the state government.
The Service gave the warning in a public notice dated October 21, 2026, signed by its Executive Chairman, Sir Israel O. Egbunefu, FCTI, in which it clarified that the Rivers State Ministry of Transport was not authorised by the state government to collect road tax or any other tax, levy or charge from motorists and transport operators.
RIRS also specifically disowned Explore Strategic Alliance Ltd, located at No. 7 Rumuodaolu Market Road, Port Harcourt, declaring the company had not been appointed or authorised by either the state government or the Service to collect Motor Vehicle Transport (MOT) tickets or any other tax on its behalf.
The revenue agency consequently cautioned members of the public against making payments to the company or any of its staff, stressing that anyone who ignored the warning would do so at their own risk.
It reaffirmed that only the legally authorised agency responsible for tax collection in Rivers State and the appointed agents that would carry out such duties in accordance with the law.
The Service urged taxpayers to demand official identification from anyone claiming to be its tax agent and verify the person’s credentials directly with RIRS before making payments.
It further warned that individuals or groups found impersonating tax consultants, agents or their representatives to collect Unauthorised taxes would be arrested and prosecuted in accordance with the law.
RIRS also called on members of the public to report suspicious persons and activities relating to Unauthorised tax collection to the Service for appropriate action.
The agency advised taxpayers seeking clarification or assistance to visit any of its offices or contact it through its official email address, info@riversbirs.gov.ng.
The Service reiterated its commitment to protecting taxpayers, promoting voluntary compliance and safeguarding the integrity of tax administration in Rivers State.
By: King Onunwor
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Bayelsa consumers Groan  Over Inflation As Traders Remain Helpless Over Low Patronage 

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Consumers and traders at the Swali ultramodern market in Yenagoa, capital of Bayelsa State have continued to groan over high prices of commodities and poor Patronage due to cost-push inflation.
The Tide reports that in the past weeks prices of goods and services in Yenagoa metropolis has experienced increase.
Notable services like transportation have also increased  lately due to increase in the pump price of fuel that has recently further exacerbated inflation in the prices of staple foods like rice, beans, garri and others.
Speaking with The Tide on a market survey, a trader, Mrs Tovie Barakabo said a bag of bean which sold between N120,000-N130, 000 now goes for N140,000-N145,000.
Mrs Barakabo also hinted that the only commodities whose price has not gone up was price of millet which sells N60,000, while big bag of garri now sells for N30,000.
The Tide further gathered from other inside Source that 25 litres of Kings cooking oil currently sells N75,000 as against the former price of N57,000.
Other commodities such as delicious vegetable oil  now goes for N68,000, Pure vegetable oil currently goes for N66, 000, while spaghetti is now N18,800 per bag.
The market survey also discovered that Sonnia tomato mix sells N75,609, while a big and small basket of fresh tomatoes are sold for N30,000 and N6,500 respectively.
A disappointed custom, Mrs Juliet Domo who fielded questions from The Tide expressed her worries over the inflation, calling on government to take decisive stands against inflation.
By: Ariwera Ibibo-Howells, Yenagoa
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