News
Food prices rise in August 2024- NBS
The National Bureau of Statistics (NBS), says prices of beans, eggs, bread, rice, yam, and other food items witnessed significant price increases in August 2024.
The NBS said this in its Selected Food Prices Watch report for August 2024 released in Abuja, yesterday.
The report said that the average price of 1kg of brown beans increased by 271.55 per cent from N692.95 recorded in August 2023 to N2,574.63 in August 2024.
“On a month-on-month basis, 1kg of brown beans increased by 5.31 per cent in August from the N2,444.81 recorded in July 2024.”
It said that the average price of medium-sized Agric eggs (12 pieces) increased by 121.92 per cent on a year-on-year basis from N1,031.55 recorded in August 2023 to N2,289.19 in August 2024.
“On a month-on-month basis, the eggs increased by 5.48 per cent from the N2,170.17 recorded in July 2024.”
The report said that the average price of sliced bread increased by 113.16 per cent on a year-on-year basis from N684.85 in August 2023 to N1,459.85 in August 2024.
“On a month-on-month basis, the price increased by 2.28 per cent from the N1,427.25 recorded in July 2024.”
In addition, the average price of 1kg of local rice rose by 148.41 per cent on a year-on-year basis from N737.11 recorded in August 2023 to N1,831.05 in August 2024
“On a month-on-month basis, it increased by 3.65 per cent from N1,766.64 recorded in July 2024.”
Also, the report said that the average price of 1kg of a tuber of yam increased by 188.31 per cent on a year-on-year basis from N576.39 in August 2023 to N1,661.80 in August 2024.
“However, on a month-on-month basis, the price decreased by -7.82 per cent from the N1,802.84 recorded in July 2024.”
The NBS said the average price of 1kg of tomato also increased on a year-on-year basis by 171.72 per cent from N554.37 recorded in August 2023 to N1,506.35 in August 2024.
“However, on a month-on-month basis, the average price of 1kg of tomato declined by 11.07 per cent from N1,693.83 in July 2024 to N1,506.35 in August .”
On state profile analysis, the report showed that in August 2024, the highest average price of 1kg of brown beans was recorded in Akwa Ibom at N3,276.79, while the lowest was recorded in Adamawa at N1,710.92.
It said that Niger recorded the highest average price of medium size Agric eggs (12 pieces) at N2,996.92, while the lowest was in Jigawa at N1,786.01.
The NBS said that the highest average price of sliced bread was recorded in Rivers at N1,850, while the lowest price was recorded in Yobe at N908.81.
According to the report, Kogi recorded the highest average price of 1kg local rice (sold loose) at N2,680.29, while the lowest was reported in Benue at N1,206.84.
The report said the highest price of 1kg of tomato was recorded in Abuja at N2,2206.31, while the lowest price was recorded in Kaduna at N734.94.
Analysis by zone showed that the average price of 1kg of brown beans was highest in the South-South at N3,165.11, followed by the North-Central at N2,900.86.
“The lowest price was recorded in the North-West at N1,982.78.”
The North-Central and South-East recorded the highest average price of medium size agric eggs(12 pieces) at N2,789.15 and N2,438.06, respectively, while the lowest price was in the North-West at N1,963.65.
The report said that the South-South recorded the highest average price of sliced bread at N1,785.56, followed by the South-East at N1,635.73, while the North-East recorded the lowest price at N1,163.78.
The NBS said also that the South-West and the South-South recorded the highest average price of 1kg of local rice (sold loose) at N1,960.87 and N1,886.32 respectively.
“The North-West recorded the lowest price of 1kg of local rice (sold loose) at N1,591.21.”
The Tide source reports that in July, the Federal Government in a bid to address the incessant increase in food prices and ensure food security granted a 150-day duty-free import window for some food commodities.
The suspended duty tariffs and taxes will be on the importation of certain food items across the land and sea borders which include maize, cowpeas, wheat, and husked brown rice.
However, experts have suggested more sustainable measures such as addressing the issue of insecurity, foreign exchange and transportation costs to address the soaring food prices and ensure food security.
News
Police Foil Kidnap Attempt, Recover Rifles In Rivers
The Rivers State Commissioner of Police, Olugbenga Adepoju, has reaffirmed the commitment of the Nigeria Police Force to safeguarding lives and property, following a major breakthrough in the fight against kidnapping in the State.
Adepoju said this in a statement by the command’s Police Public Relations Officer, CSP Grace Iringe-Koko which was made available to the Press in Port Harcourt, on Tuesday.
The police boss, in the statement, noted that the recent operation underscores the resolve of the command to intensify intelligence-driven policing and dismantle criminal networks operating within the State.
“Operatives of the Rivers State Police Command recorded the success after foiling an attempted abduction in Port Harcourt, leading to the arrest of a suspected gang member and recovery of arms and ammunition”, it said.
The incident, according to the statement, occurred in the early hours of March 20 when a 35-year-old resident, Fadi Nasser, raised the alarm over an invasion of his residence along Orogbum Crescent, Woji Road, in the Government Reserved Area of the state capital.
According to Police sources, the armed assailants attempted to abduct the victim and opened fire during the attack, creating panic in the neighbourhood.
“The victim, however, managed to escape unhurt, an outcome described by security operatives as both fortunate and instrumental in enabling a swift response by the police”, it said.
Investigations gained momentum after a mobile phone suspected to belong to one of the attackers was recovered at the scene, providing a critical lead for operatives.
Acting on the intelligence, officers of the Special Weapons and Tactics (SWAT) unit based in Aluu deployed technical resources to track the device, which led to the arrest of one Joseph Abibo, identified as a member of the gang.
During interrogation, the suspect, the statement revealed, reportedly confessed and provided useful information that guided operatives to the gang’s hideout within the State.
Police sources also disclosed that upon arrival at the location, the operatives came under heavy gunfire from other members of the gang, prompting a fierce exchange.
The Police team, however, overpowered the criminals, forcing several of them to flee, with about six suspects escaping into a nearby river with gunshot wounds.
The police revealed that a search of the hideout led to the recovery of two AK-47 rifles, four magazines and 108 rounds of live ammunition, while efforts are ongoing to apprehend the fleeing suspects and recover more weapons.
King Onunwor
News
RSG Reaffirms Commitment To Restore PH’s Garden City Status
The Rivers State Government has reaffirmed its commitment to restore the garden city status of Port Harcourt through improved regulation of car dealership operations.
The State Commissioner for Physical Planning and Urban Development, Sir Amaopusenibo Amairigha Edward Hart, made this known during a meeting with the Motor Dealers Association of Nigeria (MDAN), Rivers State Chapter, at the Ministry’s headquarters in Port Harcourt, on Tuesday.
The engagement, he noted, forms part of ongoing efforts by the state government to sanitize the urban environment and address activities that deface the city.
A statement issued by the Commissioner’s Press Secretary, Dr. Boma Waribor, explained in part that the meeting followed a recent tour of Port Harcourt by officials of the Ministry.
“During the tour, several challenges were identified, including street trading, illegal structures, indiscriminate roadside activities, dilapidated bus stops, shanties and other forms of environmental nuisance,” it stated.
Addressing the stakeholders, the Commissioner also stressed the resolve of the Ministry to streamline car dealership operations to ensure orderliness and compliance with urban planning standards.
He disclosed that under the new arrangement, all legitimate car dealers would be required to operate from approved locations with uniform fencing and proper branding.
Giving insight into the development, Hart said the initiative was in line with the vision of the Rivers State Governor, Sir Siminalayi Fubara, to restore the Garden City status of Port Harcourt.
He encouraged members of the association to support the drive by ensuring that their activities do not obstruct public spaces or contribute to environmental degradation.
The commissioner further stated that compliance would be mandatory, adding that a timeframe would be provided for operators to regularise their businesses.
He, however, assured that the Ministry would assist genuine dealers who do not yet have proper operational bases to secure suitable locations within the stipulated period.
Hart commended the association for its contributions to the state’s economy, expressing optimism that collaboration would enhance the overall outlook of the city.
Responding, the Chairman of the association, Chief Christian Okoli, pledged the association’s readiness to work with the government to reposition the sector.
Okoli acknowledged the need for reforms, noting that a more structured system will improve both business operations and the physical environment.
He also commended the commissioner for adopting a consultative approach, describing it as more inclusive and effective, while assuring of the association’s full support.
The meeting was attended by the Permanent Secretary of the Ministry, Mrs. Soibitein Harry, alongside directors and other top management staff of the ministry.
King Onunwor
News
CAN President Tasks Christians On Unity
Against the backdrop of rising economic challenges and global uncertainties, the President of the Christian Association of Nigeria (CAN), Archbishop Daniel Okoh, has called for calm, unity, and responsible leadership as Christians across the country mark Palm Sunday, yesterday.
In a statement released yesterday, Okoh reflected on the significance of Palm Sunday, saying that it is a moment that symbolises peace, humility, and hope, even in times of tension and uncertainty.
He further explained that Jesus entered Jerusalem with calm resolve, not as a display of force, but with a message of peace and purpose.
The CAN President noted, “The message of the Christian observance is particularly relevant as many Nigerians grapple with economic hardship, including rising cost of living, increasing fuel prices, and escalating food costs.”
He attributed part of the economic pressure to global developments, especially geopolitical tensions involving Iran, Israel, and the United States that are already impacting energy markets and, by extension, everyday life in Nigeria.
He stressed that across the country, families are feeling the weight of these times, with transport costs rising, food prices climbing, and daily life becoming more difficult.
He stated that Nigerians are primarily concerned with survival and stability, appealing to leaders at all levels to be mindful of the tone and impact of their words and actions.
According to him, when life feels uncertain, people need reassurance, they need stability and the confidence that those in authority understand their struggles. He stressed that the lessons of Palm Sunday should guide leadership, as true leadership is defined not by force or rhetoric, but by empathy, restraint, and a commitment to the common good.
He stressed that it is a time for decisions that ease burdens, calm anxieties, and bring people together, and called on the Church and Nigerians of all faiths to embrace their responsibility in promoting peace and unity.
He said Palm Sunday serves as a reminder of a time when people from diverse backgrounds came together in shared hope and purpose, pointing out that the same spirit is needed now to stand for peace, strengthen unity, and support one another, especially in a season that could easily tilt towards tension.
Okoh encouraged young Nigerians and those most affected by the current economic realities not to lose hope, acknowledging that while the challenges are real, they are not insurmountable.
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