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Rising cost of living: Nigerians bemoan unbearable hardship under Tinubu govt

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Nigerians face tougher days ahead as spiralling nationwide hunger resulting from untamed inflation, food insecurity and shrinking purchasing power worsen under the President Bola Ahmed Tinubu administration.

Tinubu’s economic team, namely the Minister of Finance, Olawale Edun, the Minister of Budget and National Planning, Atiku Bagudu, the Governor of Central Bank of Nigeria, Olayemi Cardoso, look overwhelmed by the country’s challenges, with current interventions yet to address the burgeoning hardship.

This is the situation in the last eight months as Nigerians suffer the hardship created by Tinubu’s policies of fuel subsidy removal and Naira floating at the foreign exchange market.

the Naira increased to N1,534.39 per US dollar at the FMDQ foreign market on Monday from N460.702, which it traded in May last year when President Tinubu took the oath of office.

This was further worsened with the removal of fuel subsidy, which saw the price of fuel rise to over N550 per litre from N238 in May 2023.

Also, the continued soaring inflation rate stood at 28.92 per cent in December, while food inflation increased to 33.93 per cent.

Consequently, since then, the daily increase in prices of foods, goods and services has been a common slogan in marketplaces in Nigeria, which is exacerbated by the fluctuation in the forex market in a country heavily dependent on imports.

It was gathered that prices of food items have skyrocketed above 100 per cent.

For instance, the price of a 50kg bag of rice increased to N65,000 from N35,000; beans rose to N1,600 per mudu from N800, 50kg bag of garri increased to N39,500 from 22,000; a carton of noodles super back size increased to N11,140 from N6,000, 25 litres of groundnut oil rose to N57,000 from N34,000, size 3 and 4 of 1kg pampers increased to N900 from N400, a crate of egg rose to N3,700 from N2,500, 50kg bag of sugar increased to N85,000 from N40,000, while 900g loaf of bread rose to N1,200 from N500; the list is endless.

Mrs Amina Jibrin, a small-scale trader in Dawaki, Abuja, said she may be forced to quit business because she no longer makes gains.

“Every day we go to the market, the prices of items always increase. We cannot afford to buy goods in the market.

“It will be as if you went to the market and misplaced your money. I may quit my business because I no longer make any money.

A Lagos resident, Mabel Rufus, lamented that the rising prices of food items was biting hard on her family.

“Fresh Tomatoes is a no-go area. In most places, onion is three for 300, for the little sizable one. Egg, a crate is almost N4,000, something in the range of N2000 a few months ago.

“The situation is affecting us seriously. Salary can no longer cater for food, let alone other needs. We are dying in this country under Tinubu”, she said.

The International Monetary Fund, IMF, in its recent report titled ‘Review of Nigeria’s Post Financing Assessment’ by the IMF Executive Board, warned that Nigeria is experiencing a deepening economic crisis amid the rising cost of living, amplifying the plights of the citizenry.

Little wonder, Nigerians protested in Minna, Niger State and Lokoja Kogi State recently against the rising cost of living a week ago.

However, as a quick action to deter the crisis, President Tinubu, five days ago, ordered the release of 102,000 metric tonnes of rice and maize to Nigerians.

Speaking on Monday, a renowned economist and former President and Chairman of the Council of Chartered Institute of Bankers, Prof Segun Ajibola, blamed the situation on the badly skewed structure of the Nigerian economy.

The economist said that beyond rhetoric, the economy managers should immediately drive import substitution strategies to address the Nigerian economy’s challenges.

“The genesis of the current spiral inflation rests in the badly skewed structure of the Nigerian economy. An economy that is monolithic and hangs its foreign exchange earnings on a primary gift of nature- oil, is susceptible to price instability as it may not have the buffer to mellow down prices, which are said to be sticky downwards.

“The insatiable appetite for imported consumables further compounds Nigeria’s situation. Basic needs such as food, medicine, raw materials, and spares are largely imported. The local currency, the Naira, depreciates rapidly for the reasons mentioned. All these put pressure on local prices daily.

“Beyond rhetoric, the managers of the economy should drive import substitution strategies effectively. The idea of devoting much attention to sharing the available foreign exchange among contending users amid the local currency’s dwindling fortunes can only worsen matters.

“The slogan: produce what you consume, consume what you produce should graduate from paper slogan to practicality. The list of importable items to Nigeria is unwinding and needs to be tamed. India, China, Malaysia, etc, have done it successfully recently.

“In the long run, the economy needs to be restructured via diversification. Agriculture needs total overhauling to ensure food security; a new industrial policy is long overdue, while new technological innovations should be introduced to redefine all segments of the national economy.

“In all these, infractions, economic sabotage, and rent-seeking syndrome should be chased out of this fledgling national economy.

“Where caught, heavy sanctions should be applied on the offending individuals and corporate bodies”.

On his part, the CEO of SD & D Capital Management, Mr Idakolo Gbolade, said the government must consider a price-fixing policy for some food items and monitor excessive profit by traders.

He noted that the country should look inwards in the long run and ensure the agricultural revolution plan is tailored towards self-sufficiency.

He added that staple food items such as rice, beans, and millet imports should be banned.

“The rising cost of food items can be attributed to the continued depreciation of the Naira. The US dollars are exchanged on the Nigeria customs portal for $1 – N1,380; the official rate is close to that. On the black market, it is exchanged for $1- N1,470.

“The cost of food prices is directly proportional to the strength of the Naira, and most government policies are taking too long to be formulated.

“The government had directed the release of 102 million Metric tonnes of grains from the strategic grains reserve, but that measure is not enough to bring down food prices.

“The government needs to immediately implement a price-fixing policy for some food items and monitor excessive profit by traders.

“In the long run, we must look inward and ensure the agricultural revolution plan of the government is tailored towards self-sufficiency, while major staples like rice, beans, millet, etc, should be banned from being imported into the country to strengthen local production and eventual export.

“The economy needs to be diversified from being import-dependent to export-oriented to make the country recover the lost opportunities over the years”, he said.

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NGE Condemns Arbitrary Closure of Badeggi Radio Station by Gov Bago for allegedly promoting violence

Governor Bago acted outside his powers to order the closure of a radio station.

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• Eze Anaba, NGE President

The Nigerian Guild of Editors (NGE) strongly condemned the closure of Badeggi Radio by Governor Mohammed Umar Bago of Niger State.

In a statement signed by Eze Anaba, NGE President, and Onuoha Ukeh, General Secretary, they said that the closure of the radio station was a blatant attack on press freedom and democracy in Nigeria.

Ohibaba.com garhered that Governor Bago accused the owner of the Station for incitement of the people against government and directed that the license of the Radio station be revoked.

The governor directed the Commissioner for Homeland Security and the Commissioner of Police to seal the radio station, and emphasised the need for the security operatives to profile the owner of the radio station as his station promotes violence”, Ibrahim Said

According to the Guild, this act of censorship and intimidation undermines the fundamental principles of a democratic society, where free press is essential for holding those in power accountable.

The association referred to section 39 of the 1999 Constitution (as amended) guarantees freedom of expression and press freedom.

The power to sanction television and radio stations only lies with the Nigerian Broadcasting Commission (NBC) after a thorough investigation of any alleged breach of the Code.

Also, Article 9 of the African Charter on Human and Peoples’ Rights, which Nigeria is signatory to, also guarantees press freedom and freedom of expression.

Said the statement : ” The closure of Badeggi Radio, a vital platform for public discourse and information dissemination, is a worrying trend that threatens the very fabric of our democracy.

Governor Bago acted outside his powers to order the closure of a radio station.

The power to sanction television and radio stations only lies with the Nigerian Broadcasting Commission (NBC) after a thorough investigation of any alleged breach of the Code.

We are happy that the Minister of Information and National Orientation, Mallam Mohammed Idris, has pointed this out. This should go beyond observing the anomaly.

The federal government should order the unsealing of the premises of the radio station, while investigation is carried out.

Government officials should know that we are in a democracy and therefore, the act of arbitrary order for the sealing off and closure of a radio station is unacceptable. Arbitrary closure of media houses reminds us of the dark days of military rule, which ended 26 years ago.

Governor Bago’s allegation of incitement of violence by the radio station is a serious issue, which has to be investigated and proven before any action can be taken.

We urge the media to operate under strict adherence to the code of ethics of journalism, with responsible conduct at the back of the minds of the professionals.

We also call on the authorities to take measures to respect the rights of citizens to access information and express themselves freely.

Badeggi Radio should be reopened while the investigation continues.

The Guild reiterates that a free and independent press is essential for a functioning democracy and demands that governments at all levels respect and uphold this fundamental right.”

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NLC rejects FG’s new policy stopping frequent industrial strikes

” We are in shock that from a catalogue of hundreds of workplace issues contained in the National Industrial Relations Policy, the Federal Government singled out industrial strikes as its headache.

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• Joe Ajaero, NLC President

The Nigeria Labour Congress (NLC) has expressed concerns over the newly adopted National Industrial Relations Policy by the Federal Government.

In a statement made available to newsmen on Saturday in Abuja, Mr. Joe Ajaero, NLC President, said the new policy would make embarking on strike a criminal issue and silence trade unions.

In a statement made available to newsmen on Saturday in Abuja, Mr. Joe Ajaero, NLC President, said the new policy would make embarking on strike a criminal issue and silence trade unions.

NLC considers the statement by the Federal Government that the newly adopted National Industrial Relations Policy is aimed at stopping frequent industrial actions, particularly strikes by trade unions, as very reprehensible.

“The statement was part of the press release by the Federal Government at the end of the Federal Executive Council (FEC) meeting, which took place on 31st July 2025.

“We are in shock that from a catalogue of hundreds of workplace issues contained in the National Industrial Relations Policy, the Federal Government singled out industrial strikes as its headache,” he said.

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Olumuyiwa Adejobi Becomes Deputy Commissioner of Police

The promotion, approved by the Police Service Commission, underscores DCP Adejobi’s exceptional service, professionalism, and unwavering dedication to the ideals of policing in Nigeria.

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The Nigeria Police Force has announced the elevation of its Force Public Relations Officer (FPRO), Olumuyiwa Adejobi, from the rank of Assistant Commissioner of Police (ACP) to Deputy Commissioner of Police (DCP).

The promotion, approved by the Police Service Commission, underscores DCP Adejobi’s exceptional service, professionalism, and unwavering dedication to the ideals of policing in Nigeria.

Adejobi was first appointed in acting capacity on 16th February 2022 as a CSP and took over from then CP Frank Mba. He was later confirmed by then IGP Usman Alkali (Rtd).

DCP Adejobi has served as the image maker of the Nigeria Police Force with distinction.

Since his appointment as FPRO, he has led several strategic initiatives to rebuild public trust, improve accountability, and modernize the force’s communication channels.

DCP Adejobi studied Archaeology and Geography (Combined Honours) from the University of Ibadan.

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