Business
Cooking Gas Price Increases By 0.21%
The average price of 5kg cooking gas rose by 0.21 per cent from N4,474.48 in September to N4,483.75 in October.
The increased price is contained in the National Bureau of Statistics ‘Cooking Gas Price Watch’ for October, 2022 issued on Monday in Abuja.
It stated that on a year-on-year basis, the increase was 70.62 per cent from N2,627.94 in October 2021 to N4,483.75 in October 2022.
On state profile analysis, the report shows that Kwara State recorded the highest average price at N4,955 for 5kg of cooking gas, followed by Niger State at N4,950 and Adamawa State at N4,940.29.
It states that Abia recorded the lowest price at N4,045.45, followed by Kano State and Delta State at N4,100 and N4,139.29, respectively.
An analysis by geopolitical zones shows that the North-Central recorded the highest average retail price at N4,726.07 for 5kg cooking gas, followed by the North-East at N4,577.86.
“The South-South recorded the lowest average retail price at N4,275.92,’’ the NBS stated.
The report showed that the average retail price of 12.5kg cooking gas increased from N9,906.44 in September to N10,050.53 in October, indicating a 1.45 percent increase on a month-on-month basis.
“On a year-on-year basis, this showed an increase of 51.4 percent from N6,638.27 in October 2021 to N10,050.53 in October 2022,’’ it added.
On state profile analysis, the report showed that Cross River State recorded the highest average retail price at N10,986.11 for 12.5kg cooking gas, followed by Oyo State at N10,826.56 and Kogi State at N10,783.33.
It said the lowest average price was recorded in Yobe State at N8,533.33, followed by Sokoto and Katsina State at N9,100.00 and N9,202.86, respectively.
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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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