News
MAN says hike in petrol price inevitable
Segun Ajayi-Kadir, the Director – General of Manufacturers Association of Nigeria (MAN) says the increase in the domestic petrol pump price is inevitable.
” Right from the time fuel subsidy was either reduced or removed, it became inevitable that the price may rise. You will also note the sharp decline in the value of the Naira and the impact it is bound to have on the importation of fuel,” Ajayi-Kadir told journalists in Lagos, today.
He was reacting to the recent increase in price of petrol from ₦568 per litre to ₦855 per litre, being implemented across NNPC filling stations.
Ajayi-Kadir, said : “From what I can glean, the reasons for the increase are not far-fetched.
Globally, there is an increase in crude oil prices. Our refineries are not producing and we import fuel.
The increase in cost of crude oil will have direct impact on the cost of importing fuel into Nigeria and expectedly, the NNPC would at some point, adjust domestic prices.”
Impact on economy
So, in terms of what the impact might be and judging from what we have witnessed in the past, the cost of transportation may increase, and so would the prices of goods and services. As the cost of petrol rises, consumers will spend more on transportation and energy, leaving them with less disposable income.
This decrease in purchasing power may lead to reduced demand for non-essential goods and services, affecting businesses across various sectors.
These are pointers to the high possibility of a rise in inflation figures, impacting household budgets.
One is naturally worried about the impact on the already lackluster performance of the manufacturing sector. In particular, there is no doubt that it will add to production input and logistics costs. These will lead to higher prices and in the face of dwindling disposable income of the average Nigerian.
A further deep in consumer demand will see manufacturers’ unplanned inventory rising and reduction in capacity utilization.
Manufacturing performance would be negatively impacted. Businesses may need to adjust their pricing strategies, which could lead to reduced profit margins if consumer demand weakens. Small and medium-sized enterprises (SMEs), which often operate on thin margins, could be particularly hard-hit.
The increased costs could force some to scale down operations or even shut down if they are unable to pass on the additional costs to consumers.
News
IGP Egbetokun Approves Extension of Tinted Glass Permits Until August 12
Citizens are also encouraged to report all unauthorized or hidden charges as well as extortion in the course of application or biometric capturing to the appropriate Police authorities, including via the dedicated hotline: 09169967000
The Inspector General of Police, IGP Kayode Adeolu Egbetokun, has approved an extension of the grace period for the enforcement of Tinted Glass Permit requirement to the 12th of August, 2025.
This extension comes on the heels of several concerns and feedback expressed by members of the public regarding the reactivation of the digital Tinted Glass Permit application process.
In line with our commitment to delivering transparent, inclusive, and citizen-focused policing, the Force wishes to affirm that it has not ignored the voices of Nigerians.
Rather, these voices have been instrumental in guiding ongoing reviews of the process to ensure it remains user-friendly, secure, and accessible to all.
The extension of enforcement is also intended to give room for additional enhancements and refinements to the application process, ensuring that no member of the public is unduly disadvantaged.
The NPF is actively working to simplify and improve both the physical and contactless application options including enhanced verification mechanisms and streamlined procedures to reduce delays and eliminate undue inconveniences.
Members of the public are reminded that the authorized platform for the application and renewal of the Tinted Glass Permit is accessible via http://www.possap.gov.ng.
Citizens are also encouraged to report all unauthorized or hidden charges as well as extortion in the course of application or biometric capturing to the appropriate Police authorities, including via the dedicated hotline: 09169967000.
The Nigeria Police Force remains committed to public safety, digital innovation, and continuous improvement in service delivery, and appreciates the cooperation and patience of the Nigerian people as these reforms are carried out.
News
Lagos Warns Residents “Don’t Go Out in The Heavy Rain falls”
The State Commissioner for the Environment and Water Resources, Tokunbo Wahab, warned that the forecast gathered from the State’s weather stations for today and the next few days has a geostationary imagery showing thunderstorms and widespread convective rainfall with dense cloud cover.
Lagos State Government on Saturday urged residents of the state especially those living in low-lying areas to be at alert because with the intensity of the rainfall already being experienced, many areas will encounter flash floods.
In a statement signed by the State Commissioner for the Environment and Water Resources, Tokunbo Wahab, warned that the forecast gathered from the State’s weather stations for today and the next few days has a geostationary imagery showing thunderstorms and widespread convective rainfall with dense cloud cover.
He added that what the geostationary imagery means in simple language is that many areas will experience very heavy rainfalls and flash floods which the people have been alerted about earlier in the year.
He said that all areas that are abutting the rivers and lagoons in Lagos are also at risk of experiencing flash floods which may come with high currents.
He cautioned all residents who may not have serious businesses to conduct outside their homes during the rains to tarry and wait till it subsides before they go out to be able to determine the intensity and how to prepare.
He advised parents to watch over their wards and school children many of whom are still on mid -terms holidays so that they do not go outside to play under the rain or swim in the flash floods.
Wahab also reiterated the earlier warning to motorists and pedestrians not to wade through floods as there is the tendency that vehicles may be submerged and people swept away with such heavy floods.
He explained to all residents Lagos being a coastal state, with the heavy rainfalls, the level of water in the lagoon is bound to rise and will result in a tidal lock which will prevent discharge from all collectors.
He warned residents not to engage in disposing their refuse into the drains as the rains fall, warning that there are consequences for such acts and the refuse will end up blocking the drains and causing flash floods.
The Commissioner said all the drains in the state are being cleaned and maintained on a year round basis to be able to contain run off from rainfalls, warning however that whenever more than usual rain falls, all concerted efforts are required to checkmate its effects.
News
Lagos Court Convicts Canadian Returnee for Assaults on KAI Official
Speaking in reaction to the conviction, Commissioner for the Environment and Water Resources, Mr Tokunbo Wahab, warned that the State will not tolerate any attack or acts of aggression towards any of its operatives on lawful duty.
A Magistrate court sitting at Bolade, Oshodi on Friday sentenced one 52 years old, Canadian returnee, Mr Morufudeen Idowu to three months imprisonment for crossing the Ojota Expressway, resisting arrest and assaulting a KAI officer in the process.
Mr Morufudeen Idowu, who pleaded guilty when the charge was read to him, was subsequently convicted for the offenses and sentenced.
Speaking in reaction to the conviction, Commissioner for the Environment and Water Resources, Mr Tokunbo Wahab, warned that the State will not tolerate any attack or acts of aggression towards any of its operatives on lawful duty.
He reiterated that all such operatives would be protected with the full force of the law in the discharge of their duties.
Wahab expressed the optimism that the latest conviction will serve as a deterrence to everyone and that social status or standing will not be a determinant in the application of the law.
watch video below:
IGP Egbetokun Approves Extension of Tinted Glass Permits Until August 12
Lagos Warns Residents “Don’t Go Out in The Heavy Rain falls”
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