Business
Commodity Prices Rise In PH …As Yuletide Approaches
With barely two
months away to Christmas, a survey of some road markets in Port Harcourt and elsewhere in the city have shown that the prices of some items, especially food, are beginning to head northward.
According to a report conducted by The Tide recently, a custard bucket of beans which was selling at N1000 now sells for N1200 and N1300, respectively.
A bag of rice goes for N22, 000, while a basin of garri that used to be N2800 now goes for between N3200 and N3300.
Some traders who spoke to The Tide on the prices of their foodstuff in the market blamed the development on the official announcement by the federal government that the economy was in recession.
According to Innocent Ikpe, who sells beans and other food stuff, ‘akara’ beans now sells for N1200 for a rubber container while custard bucket of iron white beans goes for N1,300.
He further disclosed that custard rubber for rice is being sold at N1900 for the foreign rice while the Nigeria rice, (Abakiliki) goes for N1500.
The Tide further gathered from some of the traders that the price for a bag of 50 kilogrammes of rice stands at N22,000.
The Tide reports further that garri (red) sells for N3200 per basin as against N2800, with a full bag of garri selling for N21,000 as against N18,000.
For red palm oil, according to The Tide findings, 25 litres is being sold at N8,000 as against N7,500, with the big jerry cans going for N800 while the smaller ones are sold at N400.
The survey indicated that every other commodity has been affected by the price increase.
Business
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Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
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