Business
SEE FULL LIST: Lagos state government launches ‘Ounje Eko’ discounted prices food markets
Lagos state Governor, Babajide Sanwo-Olu, has inaugurated ‘Ounje Eko’ food markets to offer discounted prices of items to residents.
He directed that the food markets should start operations from Sunday, March 17 across the state.
The markets have been tasked with selling discounted food items across the five divisions.
Here’s a full list of the produce prices at the food market:
5kg bag of rice – N5,325
1kg bag of rice – N1,065
5kg bag of Beans – N6,225
1kg bag of Beans – N1,245
5kg bag of Garri – N3,975
1kg bag of Garri – N795
2kg Tomatoes – N1,800
1kg Atarodo – N1,875
1kg Tatashe – N1,275
1kg Onions – N450
1 crate of eggs – N2,700
Bread – N750
Lagos govt’s statement
Lagos State Government made the announcement in a statement by the Commissioner, Information and Strategy, Gbenga Omotosho on Saturday.
It noted that “In order to prevent sharp practices and ensure the foodstuff reaches a large number of Lagosians, a voucher system will be introduced as the pilot scheme kicks off.
“Independent payment solution providers and food vendors have been identified and carefully selected to operate the process.
“They will also provide real-time data on the exercise for monitoring.
“For the purpose of transparency, prices of the items have also been listed. A 5kg bag of rice would sell for N5,325 while 1kg goes for N1,065; 5kg bag of Beans – N6,225 while 1kg would sell for N1,245. Prices of other staple food items will also be made available through various media outlets.
“The markets will be open at 27 locations in Ikeja; six in Lagos Island; nine in Ikorodu; five in Epe; and 10 in Badagry divisions.
“Mr. Governor has called on all Lagosians to cooperate with the operators at the various locations, monitor the process, and provide feedback through official channels of the Lagos State Government.”
Markets location
Lagos Island
Eti Osa LGA – Ikota Primary School, Lekki -Epe Expressway, Ikota
Eti-Osa East LCDA – Admiralty Farmers Market: Plot 33 Admiralty way, Lekki Phase 1
Ikoyi Obalende LCDA – Old Nursing Ground, 1-9 Awolowo Road, Ikoyi
Iru Victoria Island LCDA – Victory Island Snr. Secondary, School, Opposite Eko Hotel
Lagos Island LGA – Elegbata Junior High School
Lagos Island East LCDA – Lafiaji Senior Secondary School
Ikorodu
Ikorodu LGA – Ikorodu Grammar Schoo
Igbogbo/Bayeku LCDA – Zumuratu Islamiya Grammar School, Igbogbo
Ijede LCDA – Luwasa Jnr High School, ljede
Ikorodu North LCDA – Odogunyan Grammar School, Odogunyan
Ikorodu West LCDA – Cherubim and Seraphim Primary School
Imota LCDA – LGA Pry. School, Imota
Kosofe LGA – St Emmanuel Pry Sch, Ogudu
Ikosi Isheri LCDA – Ikosi High School, Ketu
Agboyi Ketu LCDA – Comprehensive Jnr High School, Agboyi Ketu
Ikeja
Agege LGA – Dairy Farm Secondary School
Orile Agege LCDA – Saka Tinubu Memorial School, Orile Agege
Ajeromi-Ifelodun – AFRICAN Primary School, (Close to the Secretariat)
Ifelodun LCDA – LA Primary School Layeni, beside the Layeni Police Station, Ojo Road, Ajegunte, Apapa
Alimosho LGA – Ebenezer/Egbeda Primary School, Egbeda
Mosan Okunola LCDA – Alimosho Secondary School, Alimosho
Agbado Oke-Odo LCDA – Oke Odo Primary School
Igando-Ikotun LCDA – Igando Community Grammar School, Igando
Ayobo -Ipaja LCDA – St Andrews Anglican Pry School, Church Bus Stop, Ipaja
Lagos Mainland LGA – Nawarudeen Secondary School, Cemetry Street, Ebute Metta
Yaba LCDA – Lagos City College, Sabo, Yaba
Odi Olowo Ojuwoye LCDA – Ilupeju Grammar School, Ilupeju
Oshodi-Isolo – Owoseni Primary School, Oshodi
Ejigbo LCDA – Oke Afa Snr. Secondary, Jankande Estate
Isolo LCDA – Ire Akari Snr Secondary School, Isolo
Shomolu LGA – Gbagada Comprehensive Jr High School.
Bariga LCDA – Alubarika Primary School
Surulere LGA – Lagos Progressive Pry. Sch, Mbah Str. Surulere
Coker Aguda LCDA – Aguda Community Senior Secondary School
Itire-Ikate LCDA – Itire Ikate Primary School, Eleja
Ifako ljaiye LGA – African Church Primary School, College Road
Ojokoro LCDA – Ijaye Ojokoro High School, Ojokoro
Ikeja LGA – Tokunbo Alli Primary School, Ikeja
Ojodu LCDA – Ojodu Grammar School, Omole
Onigbongbo LCDA – Oregun Senior Secondary School
Lagos State Secretariat, Alausa – Adeyemi Bero Auditorium Premises, Alausa
Egbe -Idimu LCDA – Local Govt. Grammar School, Idimu
Epe
Epe LGA – St. Theresa Roman Catholic Primary School, Awolowo Way, Oke Oyinbo
Eredo LCDA – St Patrick Secondary School Eredo
Ikosi Ejinrin LCDA – Methodist primary school Agbowa
Ibeju Lekki LGA – Ibeju High School, Ibeju
Lekki LCDA – Lekki High Community High School, Lekki.
Badaģry
Amuo Odofin LGA – FESTAC Jnr College
Ori Ade LCDA – Satellite Primary School
Apapa LGA – United Christian Pry Sch, Marine Beach.
Apapa lganmu LCDA) – Metropolitan Nursery & Primary School Sari – Iganmo, Orile
Badagry LGA – St. Thomas Primary School
Badagry West LCDA – APA Health Center, Opposite LA School, APA
Olorunda LCDA – Anglican Primary School Aradagun (Mosafejo)
Ojo LGA – Ojo Snr High School
Iba LCDA – Iba Housing Estate Jnr Secondary School
Oto-Awori LCDA – Oto/Ijanikin Primary School
Business
Sierra Leone energy minister, Kanja Sesay resigns over electricity crisis
Kanja Sesay, Sierra Leone’s minister of energy, has resigned after weeks of electricity crisis in the West African nation.
According to BBC, in his resignation letter on Friday, Sesay said he took full responsibility for the crisis.
In a statement, the government said the energy ministry has been placed under the direct supervision of President Julius Maada Bio, who will be assisted by two other officials.
Sesay’s resignation came hours after the government paid $18.5 million to two power providers, Turkish Karpowership and Transco-CLSG group.
Sierra Leone owed the two producers $40 million.
After two months of outages, power was restored in Freetown after the payments were announced.
Since mid-April, Freetown and the cities of Bo, Kenema and Koidu have experienced multi-day stretches without electricity.
Karpowership confirmed the payment in a statement.
“We are pleased to confirm that the electricity supply has returned to full capacity in Freetown,” the statement reads.
The company has been supplying electricity to Sierra Leone since 2018 from a floating offshore unit, but it had reduced its capacity from 65 megawatts to just five in recent months due to payment issues.
It had previously cut supplies to Sierra Leone in September over unpaid bills.
In October, it briefly cut power to Guinea-Bissau, saying it had been left with no option “following a protracted period of non-payment”.
Business
Naira depreciates in parallel market, official window
The naira depreciated to N1,320 per dollar at the parallel section of the foreign exchange (FX) market on Friday.
The current FX rate signifies a decline of 1.54 percent from N1,300/$ traded on April 24.
Currency traders, known as bureau de change (BDC) operators, quoted the buying rate at N1,260 and the selling price at N1,320 — leaving a profit margin of N60.
At the official window, the local currency depreciated by 2.24 percent to N1,339.23 against the dollar on Friday, from N1,309.88 on April 25.
According to FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), also known as the official window, during trading hours, a dollar was sold as high as N1,410 and at a low rate of N1,051.
Meanwhile, on April 24, Emeka Obegolu, president, Abuja Chamber of Commerce and Industry (ACCI), asked the federal government to develop policies that will strengthen the naira and foster economic growth in Nigeria.
“We are here to brainstorm innovative strategies for strengthening the naira, assessing progress, identifying challenges, and formulating practical solutions,” Obegolu said.
He pledged that the recommendations from the roundtable will be diligently conveyed to the relevant authorities for implementation.
Business
DSTV price hike: Five alternatives Nigerians are opting for
Broadcasting company, Multichoice, on Wednesday, increased the prices of its offerings in Nigeria four months after its last increment.
The company reviewed prices in its packages across the board. The new prices will take effect from May 1, 2024.
With the latest price hike, the DStv Premium package increased from N29,500 to N37,000. Similarly, the DStv Compact+ went up from N19,800 to N25,000 while the Compact package increased from N12,500 to N15,700.
The Comfam package moved from N7,400 to N9,300. Yanga package moved up from 4,200 to N5,100 while Padi package increased from N2,950 to N3,600. HDPVR was increased from N4,000 to N5,000, the Access Fees package from N4,000 to N5,000, and XtraView moved from N4,000 to N5,000.
Meanwhile, the Gotv Supa+ package moved from N12,500 to N15,700, Supa package from N7,600 to N9,600, and Max package from N5,700 to N7,200.
While the Jolli package was increased from N3,950 to N4,850, the Jinja package moved from N2,700 to N3,300, and Smallie package from N1,300 to N1,575.
The upward review of the broadcasting company’s offerings has stirred mixed reactions online, with social media users arguing that the increment was coming at the wrong time.
Reacting to the hike on X, a social media user, Kelvin Odanz, who tweets as @MrOdanz, asked Nigerians to explore other options rather than complain about the increase.
He wrote, “If you can afford stable Internet, there are so many other services you can use aside from DSTV. For football and other entertainment. Because aside football, nothing dey DSTV. Explore these options and stop whining.
“I am not even a fan of DSTV one bit. Aside from football, there’s basically nothing of note there. But this whole outrage over them hiking their price is quite hypocritical. Everyone has hiked the price of their goods/services. Even small businesses. So why shouldn’t DSTV do same?
Sharing his sentiment, @Letter_to_Jack said, “Electricity tariffs increased: Small rage. Cement prices through the roof: Small rage. Diesel to 1700/L at a point: Small rage. Indomie at 13k = small rage. Dstv increases prices: OUTRAGE! At this point, you’d think DSTV/MultiChoice is the only trigger Nigerians have.”
On his part, David Ofor, said while the price increase was understandable, it was important for the broadcasting company to justify it by offering value for the money.
He wrote, “I understand the fact that Multichoice is operating in a free market economy, and Govt has limited control mechanism in such. What people are complaining about is not primarily the price hike, but, the static content being provided, DSTV and GoTV have not improved on their services despite the plethora of increments over the years.
“They should justify the payments made, more so, why are they increasing now that Diesel prices are coming down and Naira is strengthening?”
While the debate continues, we look at other alternatives Nigerians can consider for their pleasure.
DSTV — Despite the mixed reactions that greeted the increase, many Nigerians will continue with the broadcasting company. With several increments, Multichoice still boasts customers’ loyalty among other alternatives offering the same services.
Many households prefer DStv and GOtv as their source of entertainment. This may not be unconnected to the company’s premium in international sports broadcasting, particularly European leagues and UEFA Champions League.
When contacted on Friday, the spokesperson for Multichoice Nigeria, Caroline Oghuma, said despite the hike, subscribers can still enjoy their current price for the next year with a “Price Lock” incentive.
“With Price Lock, you can continue to pay your current subscription for up to a year, if you pay before your due date, each month,” Oghuma told our correspondent.
Star Times — The company, a major player in the Asian country’s Pay-TV market, has a considerable market share in some African countries, including Nigeria and Kenya.
Startimes has channels that include news, music, movies, and football channels, including exclusive rights to some football content.
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