The cost of basic food items has continued to rise across markets, placing additional pressure on households already grappling with economic hardship.....TAP TO CONTINUE READING

A survey of current market prices indicates that several staple foods remain high, forcing many households to adjust their feeding practices, reduce portions, or switch to cheaper alternatives.

Cooking oil, a daily necessity in most Nigerian homes, continues to command high prices. A 5-litre container of palm oil now sells for about ₦10,000, while groundnut oil costs around ₦3,200 per litre. Traders attribute the prices to supply challenges, transportation costs, and increased demand.

Rice, a major staple across the country, is selling for about ₦52,250 for a 50kg bag, a price many consumers describe as unaffordable. Swallow foods are also affected, with medium-sized Poundo Yam meal priced at ₦3,500, while the bigger pack goes for ₦7,000.

Traditional soup ingredients have not been spared either. One modu of egusi now costs about ₦2,700, while a paint bucket of garri sells for roughly ₦1,200, making even basic meals more expensive to prepare.

Fresh produce prices remain unstable. A heap of tomatoes currently goes for about ₦3,500, while pepper sells for around ₦2,500 per heap. Market women say seasonal shortages and spoilage during transportation continue to affect supply, driving prices upward.

Processed food items have also recorded noticeable increases. A roll pack of cornflakes now sells for ₦1,300, while spaghetti, a common household food, is priced as high as ₦18,600 per pack in some markets.

Here is the breakdown of some food prices:

Palm Oil (5-litre) – ₦10,000

Groundnut Oil (1-litre) – ₦3,200

Rice (50kg Bag) – ₦52,250

Poundo Yam Meal (Medium) – ₦3,500

Poundo Yam Meal (Big) – ₦7,000

Egusi (1 modu) – ₦2,700

Garri (1 paint bucket) – ₦1,200

Tomatoes Heap – ₦3,500

Pepper Heap – ₦2,500

Cornflakes (Roll Pack) – ₦1,300

Spaghetti (Pack) – ₦18,600

President Bola Ahmed Tinubu’s Special Adviser on Media and Public Communication, Sunday Dare, has attributed the recent reduction in petrol prices by the Dangote Refinery to the oil sector reforms introduced by the current administration.....TAP TO CONTINUE READING

Dare made the assertion while insisting that President Tinubu’s reforms in the oil sector are already yielding benefits for Nigerians.

Recall that DAILY POST reported on Friday that Dangote Refinery recently slashed its gantry price of petrol massively by N129 to N699 per liter from N828.

Reacting to the development on X, Dare noted that the refinery had also introduced a 10-day credit facility for customers, supported by bank guarantees, with a minimum purchase requirement of 500,000 liters.

He argued that the current situation in the petroleum sector is a direct outcome of the administration’s policy decisions.

“The dividends of the oil sector reforms of the Tinubu administration are becoming evident.

“The removal of fuel subsidy unleashed market forces and encouraged competition. The government’s naira-for-crude policy,” Dare wrote.

The Federal Government has admitted that security agencies face significant technical challenges in tracking SIM cards allegedly used by kidnappers and other criminal networks, despite years of mandatory SIM registration and National Identification Number (NIN) linkage.....TAP TO CONTINUE READING

The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, disclosed this on Friday while outlining government efforts to tackle insecurity through the telecommunications sector.

Speaking in an interview, Tijani said the challenge is “far more technical” than many Nigerians realise, explaining that criminal groups have adapted to existing surveillance systems by adopting sophisticated communication methods, particularly in areas with poor network coverage.

The telecommunications sector has remained under close scrutiny since 2020, when the Federal Government enforced compulsory NIN–SIM linkage to curb fraud, anonymous communication and crimes linked to unregistered phone lines.

However, Tijani acknowledged public concerns over persistent cases of kidnapping and ransom negotiations reportedly carried out using unregistered or difficult-to-trace SIM cards.

He said telecom operators had previously conducted an exercise to eliminate unregistered SIMs, adding that the government later discovered criminals were using specialised technology to evade detection.

“There was an exercise conducted by the telcos to clean out all SIMs. The reason the President pushed us to invest in towers in those areas was because we realised there was a special type of technology criminals were using to make calls,” he said.

According to the minister, many criminal groups no longer rely on conventional telecom towers but instead route calls through multiple towers, a strategy that is more effective in remote, underserved and poorly connected locations.

“They were not using the normal towers; they bounce calls off multiple towers. That’s why they enjoy living in areas that are unconnected,” Tijani said.

To address what he described as connectivity gaps aiding criminal activities, Tijani said the government is implementing a multi-layered approach that includes satellite upgrades, fibre-optic expansion and the large-scale deployment of telecom infrastructure in rural areas.

He noted that Nigeria is currently the only country in West Africa operating its own communications satellites, a capacity the government plans to strengthen.

“This is why we are upgrading our two satellites, so that if our towers are not working, our satellites will work,” he said.

The minister also confirmed that the Federal Government has approved the deployment of 4,000 new telecom towers across underserved rural communities, areas often exploited by kidnappers and illegal SIM operators.

He said the project, approved by the Federal Executive Council last Wednesday, will be implemented in partnership with Chinese technology firm Huawei.

“It is why we are investing in fibre. It is why next year this project will start. We are doing it with Huawei, 4,000 towers in rural areas,” Tijani said.

According to him, the initiative will reduce network blind spots, boost rural economic activity and strengthen security surveillance in areas currently lacking reliable connectivity.

While fibre expansion and tower deployment are already in progress, Tijani said satellite upgrades would take longer, describing them as the third phase of the government’s broader connectivity strategy.

“That one will take longer than the other two. The other two are well in progress,” he said.