latest
Nigerians Grapple With Skyrocketing Tomato Prices, Reaching ₦150,000
Nigerians Grapple With Skyrocketing Tomato Prices, Reaching ₦150,000....KINDLY READ THE FULL STORY HERE▶
A wave of dismay and frustration has swept across Nigeria as the price of tomatoes skyrockets, reaching an astonishing ₦150,000 per basket, sparking concerns among both sellers and consumers……CONTINUE READING
Previously priced between ₦50,000 and ₦80,000 in April, the sudden surge in tomato prices has left many reeling, particularly with the approaching Eid El-Kabir celebrations. Traders attribute the drastic increase to seasonal fluctuations in tomato production, exacerbated by the onset of the rainy season.
Umar Tanko, a trader at Mile 12 market in Lagos, revealed that the price surge represents over a 100% hike since April. He noted that even lower-quality tomatoes, damaged during transit from the North to the South, now command prices ranging from ₦60,000 to ₦100,000.
Echoing similar sentiments, another trader, Shefiu, operating in Ikorodu, Lagos, highlighted a reduction in tomato supply due to the rainy season, signaling the end of the current tomato variety in circulation. He proposed importing tomatoes from neighboring countries like Cameroon and Ghana to address the shortage.
The impact of soaring tomato prices extends beyond Lagos, with reports from states like Kwara, Edo, Abuja, and Delta mirroring the trend. According to the National Bureau of Statistics (NBS), the price of 1kg of tomatoes has surged by 131.58% year-on-year between April 2023 and April 2024, with a further 17.06% increase recorded between March and April 2024.
As Nigerians grapple with the exorbitant cost of tomatoes, there are growing concerns about its implications for household budgets and food security. Urgent measures may be needed to address the root causes of this price surge and mitigate its impact on consumers across the country.
latest
“Nigeria Is Doing Well!”: Governor Okpebholo Drops Jaw-Dropping Comparison, Says UK Petrol Costs Over ₦3,000!.
Edo State Governor Monday Okpebholo has defended Nigeria’s current petrol prices, stating that motorists in the United Kingdom pay the equivalent of over ₦3,000 per litre. Speaking during the “Operation Rescue Benin-Asaba Road” event, Okpebholo shared that he compared fuel costs firsthand during a visit to London, noting that converted prices came out to “about ₦3,000-something” per litre.....KINDLY READ THE FULL STORY HERE▶
Key Highlights from the Governor’s Address:
-
Economic Defense: Okpebholo argued that Nigeria is performing well and that President Bola Tinubu is actively stabilizing the economy.
-
The “Cruising Level” Analogy: Comparing current hardships to an aircraft’s takeoff—where passengers must wait for the seatbelt sign to turn off before receiving food—the governor expressed confidence that Nigeria will soon reach a “cruising level” of prosperity.
-
Infrastructure Progress: He highlighted ongoing nationwide concrete pavement road projects as tangible evidence of development under the current administration.
-
Support for 2027 Presidency: Echoing the sentiment of the Oba of Benin that “you don’t change a working President,” Okpebholo dismissed the idea that Aso Rock will be vacant in 2027, declaring that both Nigeria and Edo State are in safe hands.
The event also marked the launch of emergency federal interventions on the critical Benin-Asaba highway, which the Minister of Works, David Umahi, stated will undergo temporary rehabilitation before being redesigned with reinforced concrete pavement.
Vice President Kashim Shettima delivered President Bola Ahmed Tinubu’s address at the 81st Session of the United Nations General Assembly, focusing on the theme “Restoring Trust, Managing Transformation: A United Nations That Delivers for All.”....KINDLY READ THE FULL STORY HERE▶
-
Security Council Reform: Nigeria called for an urgent reconstitution of the UN Security Council, pointing out that the global power structure of 1945 is obsolete for the world in 2026. In line with the Ezulwini Consensus and the Sirte Declaration, Nigeria demanded at least two permanent seats for Africa—complete with full rights and veto power—alongside a total of five non-permanent seats.
-
Global Peace and Multilateralism: Stressing the interconnectedness of nations, the address urged a return to founding principles of dialogue, mutual respect, and international law over coercion and unilateral action.
-
Climate and Energy Equity: Rejecting the false dichotomy between development and climate action, the statement highlighted that Africa contributes less than 4% of global emissions yet faces disproportionate impacts. Nigeria reaffirmed its commitment to the Paris Agreement and its Energy Transition Plan to achieve net-zero emissions by 2060.
-
Technological Advancement: Addressing artificial intelligence and modern technology, the statement emphasized that tools depend on human intent and invited global partnership with Nigeria’s young innovators to direct AI toward human advancement.
-
Economic Restructuring and Trade: The address advocated for international financial architecture reform, debt sustainability frameworks, and wider access to concessional financing to ease the heavy debt-servicing burden on developing nations. It also spotlighted the African Continental Free Trade Area (AfCFTA) as a vital driver for regional integration and industrialization.
-
Regional Security and Diplomacy: Drawing on lessons from counter-terrorism efforts and regional leadership via ECOWAS and the African Union, the address underscored that military victories require foundations in education, human rights, and accountable governance.
President Bola Ahmed Tinubu has called for a radical overhaul of the United Nations, emphasizing that reform must begin by reconstituting the Security Council to grant permanent representation to Africa. Speaking through Vice President Kashim Shettima during the General Debate at the 81st Session of the United Nations General Assembly in New York, the Nigerian leader warned that the continent can no longer be sidelined on the Council’s agenda, stressing that the modern world cannot remain bound to the power structures of 1945.....KINDLY READ THE FULL STORY HERE▶
-
Security Council Reform: In alignment with the Ezulwini Consensus and the Sirte Declaration, Nigeria demanded at least two permanent African seats—complete with full rights, responsibilities, and veto power—alongside a total of five non-permanent seats.
-
Global Peace and Multilateralism: President Tinubu issued an urgent call for an immediate end to global warfare and a rejection of rising nationalism, urging world leaders to return to the foundational dialogue and cooperation principles of the UN Charter.
-
Climate Action and Energy Transition: Reaffirming Nigeria’s commitment to the Paris Agreement, the President stressed that Africa bears a heavy climate burden despite contributing less than 4% of global emissions, noting that the nation aims for net-zero emissions by 2060 under its Energy Transition Plan.
-
Economic and Financial Restructuring: The address highlighted the obstacles posed by inadequate financing and high debt-servicing costs for developing nations, calling for a broader reform of the international financial architecture and increased access to concessional financing.
-
Security and Regional Solidarity: Drawing on Nigeria’s domestic experience with insurgency and its regional peacekeeping efforts through ECOWAS and the African Union, Tinubu underscored that lasting security requires strong foundations in education, accountable governance, and economic opportunity.
Concluding his address, the President maintained that a reformed and inclusive United Nations remains vital for addressing global crises, reminding world leaders that humanity is our oldest citizenship and peace is the inheritance owed to every child.
-
latest1 year ago“Social Media Erupts As Jim Iyke Declares Rita Dominic Nollywood’s Most Beautiful”
-
latest3 years agoEdo Political Showdown: Oshiomhole Appears At Presidential Villa As Tinubu Hands APC Gubernatorial Flag To Okpebholo (Photos & Video)
-
entertainment3 years agoLove Knows No Age American Woman Defends Marriage To Young Nigerian Man “I’m Not 70”
-
latest3 years agoOlumide Akpata Strikes Again: Drops Killer Track, Sends Edo State Into Frenzy!(Video)
-
Politics3 years agoNigerians React As Pastor Adeboye Foresees Passing Away On A Sunday After Enjoying A Satisfying Meal Of Pounded Yam
-
latest2 years agoFG Identifies 31 States At Risk Of Heavy Flooding In 2024: See Full List
-
Politics3 years agoBREAKING: Inspector-General Of Police Summons Top Police Commanders For Crucial-Security Challenges
-
latest3 years ago5 NYSC Corpers Perish In Fatal Road Accident Returning From Camp