Business
Outrage As Sachet Water Prices Soar In Abia, Consumers Demand Action
Outrage As Sachet Water Prices Soar In Abia, Consumers Demand Action....KINDLY READ THE FULL STORY HERE▶
Residents of Umuahia and other parts of Abia State have expressed frustration over the exorbitant increase in the price of sachet water, commonly known as pure water…….CONTINUE READING
Investigations by NivoNews revealed that the price of sachet water has skyrocketed to N50 per sachet, marking a significant surge from the previous price of 2 sachets for N50, just two weeks ago.
Furthermore, a bag containing 20 sachets, which was previously sold for N300, is now being retailed at prices ranging from N400 to N450 by vendors.
The sudden price hike follows a recent two-day strike action undertaken by members of the Table and Sachet Water Producers Association in Abia State.
Following the strike, the association decided to increase the price per bag to N350 from the previous N250, with retailers passing on the cost to consumers at N50 per sachet.
Responding to the situation, some residents lamented resorting to alternative sources such as boreholes and public water fountains, despite being aware of the health risks associated with consuming untreated water.
Dr. Terry Omemma, a public health expert, emphasized the urgency of addressing the affordability of clean drinking water, warning of potential outbreaks of waterborne diseases due to unsafe water consumption.
However, the Association of Table and Sachet Water Producers in Abia State defended the price hike, attributing it to the escalating costs of production materials.
Chairman Peter Nwakanma clarified that the price would be adjusted if production costs decreased in the market, shifting the blame to retailers for selling sachets at N50 despite purchasing a bag at N350.
In contrast, shop owner Mr. Onumba Kalu challenged Nwakanma’s stance, questioning why the association raised prices in the first place if they were now blaming retailers for the inflated costs.
As consumers continue to grapple with the burden of inflated water prices, calls are mounting for immediate action from both producers and the Abia State government to alleviate the strain on residents and ensure access to affordable, clean drinking water.
The future of Nigeria’s Naira-for-Crude policy remains in limbo as negotiations continue between the Nigerian government and Dangote Refinery. The six-month agreement between the Nigerian National Petroleum Corporation (NNPCL) and Dangote Refinery expired on March 31, 2025, without a renewal, leading to the suspension of the refinery’s sale of refined petroleum products in Naira. However, the refinery has continued processing approximately 400,000 barrels of crude oil daily, with 35% of the crude sourced from international markets, particularly Brazil and Equatorial Guinea.....KINDLY READ THE FULL STORY HERE▶
Although the policy’s future is still under review, sources suggest that its economic implications, especially concerning fuel prices and foreign exchange rates, make it crucial to the national economy. Despite challenges in crude supply from NNPC, Dangote Refinery has expanded its global sourcing and is currently sourcing crude from Brazil’s Petrobras and Equatorial Guinea.
No official agreement has been reached yet to extend the Naira-for-Crude deal. The Nigerian government’s committee in charge of the policy is waiting for recommendations from the Nigeria Upstream Petroleum Regulatory Commission before proceeding. Meanwhile, the refinery’s management has expressed uncertainty regarding the renewal of the deal, citing concerns over the financial strain and volatility of exchange rates. The future of the policy remains unclear, with NNPC expected to supply crude oil to Dangote Refinery in April, but payment terms are yet to be finalized.
The price of cement, a vital resource for Nigeria’s construction industry, has witnessed significant changes recently, with rates fluctuating depending on brand, location, and market factors. Here is an overview of the current prices for some leading cement brands:....KINDLY READ THE FULL STORY HERE▶
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Dangote Cement: The cost of a 50kg bag of Dangote Cement ranges between ₦8,000 and ₦10,300. Known for its high quality, Dangote Cement remains a preferred choice in various construction projects. Prices are generally lower in areas near production plants but tend to rise in regions requiring extensive distribution.
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BUA Cement: Priced between ₦8,000 and ₦8,500 per 50kg bag, BUA Cement is popular among builders due to its competitive pricing and stability. Prices may vary slightly depending on proximity to manufacturing sites.
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Lafarge Water Shield Cement: Priced at ₦20,000 per 50kg bag, this cement variant is specifically formulated for durability and resistance to moisture, making it ideal for projects in damp environments.
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Waterproof Cement JK: Available at ₦15,000 per 50kg bag, Waterproof Cement JK is engineered to offer exceptional protection against water ingress, particularly useful for wet construction sites.
Over the past year, cement prices in Nigeria have surged significantly. At the start of 2024, a 50kg bag cost around ₦4,500. By November 2024, the price rose to about ₦8,500, reflecting an increase of approximately 89%. This upward trend is attributed to factors such as rising production costs, increased demand, and logistical challenges.
Marketers predict a potential further increase in cement prices, emphasizing the need for stakeholders in the construction sector to stay informed and plan accordingly.
A recent survey conducted by Naija News has revealed a notable decrease in the price of cooking gas in Nigeria, offering much-needed relief to households and small businesses. According to the survey, the cost of refilling cooking gas per kilogram has reduced significantly from ₦1,350 to ₦1,020.....KINDLY READ THE FULL STORY HERE▶
This positive development is expected to ease the financial burden on Nigerian families and small enterprises, especially those that heavily depend on cooking gas as a primary energy source. The survey, encompassing gas stations and vendors from various parts of the country, shows that the reduced price may help lower the overall cost of living.
The revised price breakdown is as follows:
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1 kg of Cooking Gas: ₦1,020
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3 kg of Cooking Gas: ₦3,060
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5 kg of Cooking Gas: ₦5,100
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10 kg of Cooking Gas: ₦10,200
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12.5 kg of Cooking Gas: ₦12,750
This decline marks a significant shift from the previous upward trend in gas prices and is likely to positively impact the economy, particularly the food and hospitality sectors. Businesses that rely on cooking gas will experience reduced operational costs, ultimately boosting their profit margins.
Experts attribute the drop in cooking gas prices to several factors, including fluctuations in global energy costs and adjustments within local supply chains. Despite recent variations in crude oil and natural gas prices, the reduction is perceived as a welcome development for Nigerian consumers.
By spending less on cooking gas, households and small businesses will now see some financial relief in their monthly budgets, especially during these economically challenging times.
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