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CADEF Pushes For Inquiry Into Prolonged Surge In Food Prices

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CADEF Pushes For Inquiry Into Prolonged Surge In Food Prices

A recent study conducted jointly by Consumers International and the Consumer Advocacy and Empowerment Foundation (CADEF) has revealed alarming trends in the pricing dynamics of food items in Nigeria…………CONTINUE READING....KINDLY READ THE FULL STORY HERE▶

 

 

 

 

 

 

 

 

 

 

 

The research, which spanned across six geopolitical zones and examined the fluctuation of food prices between November and December 2023, uncovered a sustained rise in retail prices compared to wholesale rates.

This concerning trend was particularly noticeable for staple foods such as beans, yam, rice, chicken, and maize.

In a press release provided to Daily Sun, CADEF emphasized the imperative for a comprehensive investigation by national authorities to ensure fairness in food markets, particularly those identified as areas of concern.

Previous studies conducted by the organization in August highlighted a significant discrepancy between retail/consumer prices and wholesale/market rates for essential food commodities. This disparity suggests that consumers are disproportionately bearing the brunt of heightened costs, raising questions about market equity.

In response to these concerns, Consumers International, representing consumers globally, has developed a tool named the Fair Food Price Monitor. This tool facilitates the monitoring of food price dynamics at various stages of the supply chain, utilizing data from reliable sources such as the National Bureau of Statistics and FEWS NET.

Davine Minayo, a Specialist in Fair Food Prices in Africa at Consumers International, emphasized the importance of data-driven decision-making in addressing market imbalances.

Minayo stated, “Our collaborative efforts aim to illuminate the issues affecting consumers and farmers in Nigeria.”

She added, “A detailed analysis of farm gate, wholesale, and retail prices for commodities including maize, rice, beans, yam, palm oil, and chicken over the past three weeks has revealed significant price fluctuations.”

Minayo continued, “November and December witnessed notable shifts in the percentage changes across the value chain for key commodities such as beans, chicken, maize, and yam.”

“Intriguingly, yam emerged as a significant player in December, securing a noteworthy percentage change.”

The group emphasized the necessity for regulatory measures to ensure fair pricing in food markets.

Prof. Chiso Okafor, Executive Director of CADEF, stressed the urgency of regulatory intervention to address any unfair practices exacerbating the burden on consumers and farmers.

In response to the identified challenges, stakeholders are urged to commit to collaborative efforts in addressing concerns at both farm gate and retail levels. This includes cooperation with market associations, farmers’ associations, security agencies, and other relevant bodies.

The group underscored the importance of nuanced analysis as a catalyst for collective action to navigate the complexities of the food supply chain.

“Consumer organizations advocate for government initiatives to mitigate the threat of unfair food prices, including measures to strengthen competition, penalize anti-competitive behaviors, address monopolies, alleviate multiple taxations, and provide subsidies for farmers.”

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Breaking: Police Declare Osun NURTW Leaders Wanted Over Murder Of Accord Chieftain.

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The Osun State Police Command has declared Nurudeen Alowonle, a factional chairman of the National Union of Road Transport Workers (NURTW), wanted over the murder of Accord Party chieftain Olalekan Oyeyemi, popularly known as Emir.....KINDLY READ THE FULL STORY HERE▶

The Commissioner of Police, Ibrahim Zungura, announced this on Monday while addressing journalists at the command headquarters in Osogbo.

Zungura disclosed that six suspects had been arrested in connection with Oyeyemi’s killing, which occurred on September 13, 2026, at Mayfair Motor Park in Ile-Ife.

The police commissioner added that security operatives were also searching for another NURTW figure, Adeyemi Ojo, popularly known as Sibi, who was allegedly involved in the incident.

According to Zungura, preliminary investigations indicated that Alowonle and Ojo allegedly mobilised the suspects to carry out the attack.

“Alowonle is declared wanted. The Command is intensifying efforts to apprehend Nurudeen Alowonle, Adeyemi Ojo, aka Sibi, and other suspects currently at large who are alleged to have participated in the heinous crime,” the commissioner said.

One of the six arrested suspects is Hammed Olalekan Dauda, also known as Jagaban, who was allegedly found in possession of a locally modified firearm.

Zungura said Dauda reportedly confessed during interrogation that Alowonle had given him the weapon.

“During interrogation, he (Dauda) reportedly confessed that the firearm was given to him by one Nurudeen Alowonle,” the police commissioner stated.

He further alleged that Alowonle and Ojo were responsible for mobilising all the suspects linked to the attack.

Another suspect arrested by the police is Waliyu Adejare, popularly known as Jay Jay, who was identified as Alowonle’s personal assistant.

The other suspects were identified as Tijani Ismail, Akinsola Ekundayo, Sijuade Moruf and Ayeni Adegbola.

The police also revealed that four of the six suspects arrested were operatives of the Osun Amotekun Corps.

Oyeyemi, an Accord Party chieftain and political associate of Osun State Governor Ademola Adeleke, was shot dead at Mayfair Motor Park on September 13 amid a dispute reportedly linked to control of motor parks across the state.

Following the incident, Adeleke ordered the suspension of NURTW activities throughout Osun State. He also directed rival transport union factions to vacate motor parks and instructed security agencies to apprehend individuals suspected of involvement in the killing.

The governor subsequently announced plans to reintroduce the Park Management System to regulate the administration of motor parks and garages across the state.

The police said efforts were ongoing to apprehend Alowonle, Ojo and other suspects still at large as investigations into the killing continued.

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End Of An Era: Christiane Amanpour Announces Exit After 43 Years In Journalism.

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CNN’s Chief International Anchor, Christiane Amanpour, has announced that she will leave the American news network in June 2027, ending a remarkable 43-year career with the organisation.....KINDLY READ THE FULL STORY HERE▶

The veteran journalist made the announcement in a statement on Monday, revealing that she had spent several months reflecting on her future before deciding to move on.

Amanpour, 68, joined CNN in 1983 and went on to establish herself as one of the world’s leading international correspondents, earning recognition for her coverage of major conflicts, political crises and humanitarian emergencies across the globe.

“After many months of thought and a few sleepless nights, I have decided to separate from CNN, my partner of 43 fantastic years!” she said.

The award-winning journalist expressed optimism about pursuing new opportunities after her departure, while reaffirming her support for CNN and its commitment to independent journalism.

She also reiterated her belief in the importance of truth in journalism, stating, “Remember: always be truthful, not neutral.”

Amanpour has presented her flagship interview programme, Amanpour, on CNN International since 2009. However, she reduced her hosting schedule to a few days per week in January 2025.

As part of the transition, the programme is scheduled to adopt a weekly format in January 2027 before concluding in May of the same year. Amanpour will continue reporting and travelling for the network until her planned departure in June 2027.

Her decision was communicated to CNN staff in a memo issued on Monday by the network’s chairman, Mark Thompson.

Thompson expressed sadness over her impending exit but acknowledged that the decision was appropriate for her personal and professional circumstances.

“Like so many CNNers who will hear the news today, I’m very sorry to see her go, but I’ve come to accept that this is the right time for her, both personally and professionally,” he said.

He described Amanpour as “one of the most trusted and beloved journalists anywhere” and disclosed that the network would celebrate her achievements and contributions before she leaves.

In her statement, Amanpour also expressed gratitude to the colleagues, production teams and field crews who had supported her throughout her decades-long career.

Reflecting on her work as an international correspondent, she recalled covering some of the most significant events in recent history, including the First Gulf War, the Bosnian War and the genocide in Rwanda.

Her reporting also took her to conflict zones and major international flashpoints in Afghanistan, Ukraine and Iran.

Amanpour acknowledged the vital role played by the teams she worked with, noting that their collective efforts had been instrumental in establishing facts and ensuring accurate reporting of events around the world.

Her planned departure marks the end of a decades-long chapter at CNN, where she became widely recognised for her reporting on international affairs and her interviews with prominent political figures and global leaders.

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‘What Is Seyi Tinubu Running For?’ – President Tinubu Reveals Calls He Has Been Receiving.

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President Bola Tinubu has commended his son, Seyi Tinubu, for mobilising young Nigerians through the City Boys Movement and rallying their support for his political ambition ahead of the 2027 presidential election.....KINDLY READ THE FULL STORY HERE▶

Tinubu made the commendation during the inauguration of the City Boys Movement in Abuja, where he expressed pride in his son’s efforts to organise young people in support of his re-election bid.

The president revealed that he had received several phone calls in recent weeks from people seeking clarification about Seyi’s political activities and the position he intended to contest.

According to Tinubu, he told those who contacted him that his son was not pursuing a personal political office but was instead championing his father’s political cause.

The president noted that Seyi had taken the initiative to engage young Nigerians within his age group, listen to their concerns and mobilise them without demanding a political title or government appointment in return.

Tinubu described his son’s approach as humble and commended him and other members of the movement for their efforts.

Speaking at the event, the president said: “Permit me a personal moment for my son, Seyi. I’ve watched what you started with City Boy, and I got some calls within the last few weeks asking me what Seyi is running for. I said he’s running after his father.

“You did it humbly, you did not ask for a title or an office, you went to the young people, your age mates, your group, you listened to them and you organised them. I am proud of all of you.”

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