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Food Prices Soar Amidst Rising Transport Fares

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The prices of food rose Year-on-Year (YoY) amidst rising transport fare in September, the National Bureau of Statistics (NBS) has said.
Analysis of the National Bureau of Statistics (NBS) selected food price watch data for September 2021 showed that the prices of rice, egg, garri, and tomatoes rose during the period.
Similarly, the NBS transport fare watch data revealed that the prices of transport fare paid for bus, air, water and motorcycle journeys rose sharply YoY in September, 2021.
Analysis of food prices data showed that the average price of 1 dozen of agric eggs medium size increased YoY by 25.84 to N604.99 in September, 2021 from N480.76 in September, 2020.
Also, the average price of 1kg of rice local, sold loose increased YoY by 4.95 per cent to N410.01 from N390.68.
The average price of 1kg of rice imported high quality, sold loose rose YoY in September, 2021 by 5.94 per cent to N546.77 from N516.13 in September, 2020.
The average price of 1kg of tomato increased YoY in September, 2021 by 19.28 per cent to N342.25 from N286.92 in September, 2020.
The average price of 1kg of Garri white, sold loose increased YoY by 27.91 per cent to N301.58 in September, 2021 from N235.77 in September, 2020.
While the average price of 1kg of Garri yellow, sold loose increased YoY by 27.91 per cent to N322.44 in September, 2021 from N263.57 in September, 2020.
Data on transport fare showed that average fare paid by commuters for bus journey within the city rose by 40.56 per cent YoY to N435.36 in September, 2021 from N309.73 in September, 2021.
Also, average fare paid by commuters for bus journey intercity rose by 20 per cent YoY to N2,620.90 in September, 2021 from N2182.45 in September, 2020.
Average fare paid by commuters for journey by motorcycle per drop increased by 39.56 per cent YoY to N306.61 in September, 2021 from N219.70 in September, 2020.
Average fare paid by commuters for journey by waterway rose by 15.64 per cent YoY to N849.06 in September, 2021 from N734.26 in September, 2020.
Average air fare charged for specified single route journeys increased by 0.10 per cent to N36,922.37 in September, 2021 from N36,805.41 in September, 2020.
In their inflation outlook for September, 2021, analysts at United Capital Management Plc, projected further pressure on food prices in 2022 citing less planting activities resulting in limited food production.
“Looking ahead, while price pressures still abound in the economy, our prognosis remains that disinflation will persist in the immediate term.
“First, for food inflation, we expect some reduced pressure on locally produced food items in the near-term as the supply chain continues to be debottlenecked while the harvest season gets into full swing for the rest of year.
“Nevertheless, we expect harvest quantities to be limited (due to reduced farming activities during the recent planting season), implying there could be worse food price pressures to come during the 2022 planting season.”

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Fubara Promises To Commission N80.8bn Elele-Omoku Road In May

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Rivers State Governor, Siminalayi Fubara, has said the 33.5-kilometre Elele–Umudioga–Egbeda–Ubimini–Ikiri–Omoku dual carriageway is nearing completion and will be ready for inauguration by early May.

Speaking after inspecting the project last Wednesday, the governor disclosed that the N80.8 billion road project, currently at about 90 per cent completion, is on track for delivery before the end of April.

The project, which links Ikwerre, Emohua and Ogba/Egbema/Ndoni local government areas, was awarded to Craneburg Construction Company with a 24-month completion timeline.

Fubara expressed satisfaction with the pace of work, describing the road as a landmark achievement of his administration.

He noted that beyond infrastructure, the project symbolises progress and purposeful governance.

Highlighting its economic and security value, the governor said the road serves as a vital link to Omoku, a major gas hub, and would significantly enhance business activities in the area.

He recalled that the corridor was previously notorious for kidnapping and armed robbery but said the ongoing development had transformed the security outlook.

According to him, improved accessibility will enable security agencies to respond swiftly to emergencies, effectively curbing criminal activities that once plagued the route.

Fubara commended the contractor for adhering to the project timeline, expressing confidence that the road will soon be completed and opened to the public.

Recall that the governor had, during the flag-off ceremony in May 2024, disclosed that the project is funded from the State’s internally generated revenue savings.

 

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Nigerians Hit As Iran Rains Missiles On UAE

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Nigerians were among more than 140 residents injured after Iran launched multiple ballistic missiles and unmanned aerial vehicles at the United Arab Emirates, at the weekend.

This raised fresh fears for thousands of Nigerians living and working in the Gulf nation.

The UAE Ministry of Defence disclosed last Saturday that its air defence systems intercepted several missiles and drones fired from Iran, describing the attack as a major escalation in the ongoing regional tensions.

In a statement posted on its official X handle, the ministry said its air defence units engaged nine ballistic missiles and 33 drones during the latest assault on March 14.

It added that the attacks left six people dead and 141 others injured, including foreign nationals.

“The UAE air defence systems on March 14 engaged nine ballistic missiles and 33 UAVs launched from Iran,” the ministry stated.

“Since the onset of this blatant Iranian aggression, UAE air defences have engaged 294 ballistic missiles, 15 cruise missiles, and 1,600 UAVs launched from Iran,” UAE added.

According to the ministry, those killed in the attacks included citizens of the UAE as well as foreign nationals from Pakistan, Nepal and Bangladesh.

“Although the authorities did not specify the exact locations where the casualties occurred, the ministry said the injured victims were from several countries, including Nigeria.

Others affected include residents from Egypt, Sudan, Ethiopia, the Philippines, Pakistan, Iran, India, Bangladesh and Sri Lanka.

The list also included Azerbaijan, Yemen, Uganda, Eritrea, Lebanon, Afghanistan, Bahrain, Comoros, Türkiye, Iraq, Nepal, Oman, Jordan, Palestine, Ghana, Indonesia and Sweden.

The Tide reports that this development has sparked concern among Nigerian communities in the UAE, where thousands of citizens live and work in sectors such as construction, hospitality, logistics and trade.

Data from Nigeria’s diaspora commission shows that the UAE remains one of the largest destinations for Nigerian migrants in the Middle East, particularly in the emirates of Dubai, Abu Dhabi and Sharjah.

The Nigerian government had in recent years raised concerns over the safety and welfare of its citizens in the country following diplomatic tensions and visa restrictions affecting Nigerians.

Saturday’s attacks have now heightened anxieties within the diaspora community, especially as the Gulf region faces growing military confrontations.

In its statement, the UAE Ministry of Defence said the country remained fully prepared to confront any threats to its security.

“The Ministry of Defence remains fully prepared and ready to deal with any threats and will firmly confront any attempts to undermine state security in a manner that ensures the protection of its sovereignty, security and stability, and safeguards its national interests and capabilities,” the ministry said.

In a separate update, the ministry noted that its defence systems were still actively intercepting missiles and drones.

“UAE air defences are dealing with Iranian ballistic and cruise missiles and drones,” it said.

Regional media reports indicate that the attacks form part of a wider escalation of hostilities between Iran and Western-backed forces in the Middle East.

According to Al Jazeera, Iran has continued sustained missile and drone strikes across the Gulf despite protests from neighbouring states.

The strikes were said to be in retaliation for military operations launched by the United States and Israel against Iranian positions in the region.

Tehran targeted several Gulf countries, including Saudi Arabia, Qatar and the UAE, late on Friday and into Saturday.

The attacks also caused infrastructural damage in parts of the UAE.

Meanwhile, Iran’s elite military wing, the Islamic Revolutionary Guard Corps, warned that US interests in the UAE would remain legitimate targets.

Iranian state media reported that the group issued the warning after US forces attacked Iranian-controlled islands.

The IRGC specifically mentioned ports, docks and military installations linked to the United States as potential targets.

It also urged residents in the UAE to evacuate areas around ports and military facilities to avoid civilian casualties.

Security analysts say the growing exchange of threats and strike across the Gulf could destabilise the region’s economic and aviation activities if the conflict escalates further.

Nigeria’s Ministry of Foreign Affairs has yet to issue an official statement on the incident as of the time of filing this report.

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Fubara  Swears in Five New Commissioners …Says Their Best Is Needed for Rivers Dev

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Rivers State Governor, Sir Siminalayi Fubara, has charged the five new commissioners sworn-in last Wednesday to put in their best for the development of the State.

Fubara gave the charge during the swearing-in of the commissioners at the Executive Council Chambers of the Government House, Port Harcourt, last Wednesday.

This followed the successful screening of the five commissioners by the Rivers State House of Assembly, last Tuesday.

The five commissioners are Tonye Bellgam, Prof. Temple Nwofor, Dr. Peters Nwagor, Mr. Lekue Kenneth, and Sir Amairigha Edward Hart.

The Tide reports that the governor had sent nine commissioner-nominees to the Assembly for screening, but the Assembly confirmed only five nominees and rejected the nomination of four over various allegations.

Those rejected by the Assembly are Prof. Dantonye Alasia, Mrs. Charity Demua, Mr. Tamuno Williams, and Otonye Amachree.

The governor congratulated the new commissioners on their appointment, noting that their thorough screening by the Rivers State House of Assembly was a proof of their capabilities.

He urged them to deploy their wealth of experience in various fields and put the State on a fast lane of development.

“Ordinarily, I am supposed to charge you on your responsibilities and how to operate. But that has been taken care of by the screening at the Assembly.

“I believe that going through one of the most rigorous screenings, it is enough to say that for those of you who succeeded, you are fit and ready to deliver to our dear State.

“So there is no further charge. The screening was the charge, so I wish you the best as I don’t expect anything less than the best from you,” Fubara said.

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