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Lifestyle adjustments that will help you cope with petrol subsidy removal

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While delivering his inaugural address on Monday, President Bola Tinubu said the “petrol subsidy is gone” because the immediate administration did not make provision for such in the 2023 appropriation. Despite the assurance by the president’s team that the subsidy removal is not immediate, the announcement has sparked a reaction across the country.

Since then, in Lagos, Abuja, and other parts of the country, operations have ceased in some filling stations, while those that dispensed petrol increased prices.

Transport fares have gone up, and thousands of people are spending valuable time queueing for fuel. It’s hitting everyone where it hurts, even the rich are not left out.

Nigerians are left with no choice but to adjust to new lifestyles brought about by a change of policy. It started during the height of the naira redesign policy, now the petrol price hike may demand a more frugal lifestyle.

Here are suggestions for some lifestyle adjustments.

Explore alternative energy sources

This may be the best time to invest in renewable energy to reduce dependence on fuel for electrical machines and generators used in factories and homes.

Portable solar home systems remain one of the cheapest means to light up the house and power small home appliances.

Introduction of flexible work schedules by employers

There are jobs that cannot survive days without the physical congregation of workers, but there are many other establishments that can endure the blend of virtual and physical arrangements for workers.

Factories can make work schedules flexible by adopting regulated work shifts to ease transportation costs for employees.

This is the time to encourage virtual meetings. The objective of that official meeting can still be achieved on Zoom, Google Meet and other video conferencing apps. That document can also be signed virtually. We can still achieve efficiency in a tech-driven work environment.

Foster the idea of efficient driving habits

Nigerians are buying a litre for N488 in Lagos and over N500 in Abuja and in other parts of the country. It is advisable that private car owners drive when it is only unavoidable and also ensure that their speed is moderate. Maintain a constant speed of 15 to 20 mph.

The idea of doing away with the car’s air conditioning may have been received as a joke, but some experts claim leaving it on while driving slowly increases fuel consumption by up to seven per cent.

Consumers must at this time start to learn how to do proper maintenance of their vehicles without having to entirely do away with them.

Register wards in schools at a trekking distance from your house

The nuances of picking a child’s school are not lost on us; drastic issues demand well-thought decisions. In order to augment the budget for those that keep one, the thought of changing one’s child’s school to a good institution of trekkable distance is quite logical at this time.

Attend neighbourhood places of worship

Congregating in recognised churches and mosques no matter how excruciating it takes to reach there is an attitude that may need to be relaxed at this period.

Religious Nigerians may need to attend places of worship close to their homes. This situation may be unfamiliar but at this delicate time, it appears “where two or three are gathered” is best believed.

A phone call will do it

At the moment, there are so many places you can avoid driving to and you can also avoid spending huge money on commercial vehicles. A phone call will do it. It’s safer that way and less expensive. You don’t have to spend hours in traffic too.

If it is not far, walk it. Walking is a good exercise for your health. Patronise neighbourhood shops, malls and markets. A phone can also deliver that product to your doorstep. The world is changing; you should too.

Most importantly, live within your means.

Business

Dana Air initiates refunds following suspension by NCAA for safety audit

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Dana Air has announced that it is processing refunds for flights affected by its recent temporary suspension.

The Nigeria Civil Aviation Authority (NCAA) imposed the suspension to conduct a safety and financial audit following a runway incursion incident involving one of the airline’s aircraft on Tuesday.

The airline disclosed this information in a statement on its official X (formerly Twitter) account on Wednesday, apologizing for the inconvenience and disappointment the suspension may have caused its passengers regarding their travel plans.

According to Dana Air’s statement, passengers who have already booked flights are instructed to send their flight booking details (PNR) and bank account numbers to contact@flydanaair.com for refunds.

  • “In light of the suspension, we understand that you may have concerns regarding your bookings and travel plans. We assure you that we are processing refunds for affected flights over the next month.
  • “To expedite this process, we kindly request that passengers send their booking details (PNR) and bank account numbers to contact@flydanaair.com,” the statement read in part.

The statement also assured Dana Air customers that the airline is fully cooperating with aviation authorities to address any concerns and ensure that the matter concerning the suspension of its operating license is swiftly resolved.

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Business

Naira falls to N1,300/$ at parallel market

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The naira, on Wednesday, depreciated to N1,300 per dollar at the parallel section of the foreign exchange (FX) market.

The current FX rate signifies a 3.17 percent drop from the N1,260 traded on April 22.

Currency traders, known as bureau de change (BDC) operators, quoted the buying rate at N1,260 and the selling price at N1,300 — leaving a profit margin of N40.

At the official window, the naira fell to N1,308.52 against the dollar — a 0.64 percent decline from the N1,300.15 traded on April 23.

According to the FMDQ Exchange, a platform that oversees official FX trading in Nigeria, the naira recorded a high of N1,367 and a low of N1,098.

With the current record, the official window rate still surpasses that of the parallel market by N8.52.

The Central Bank of Nigeria (CBN), on April 23, reduced the FX rate for dollar allocations to BDC operators.

The financial regulator, in a circular signed by Hassan Mahmud, director of trade and exchange department, said it sold $10,000 at the rate of N1,021/$ to each BDC.

On April 8, CBN also sold FX to the BDCs at the rate of N1,101/$, compared to the N1,251 the apex bank offered to the parallel market operators on March 25 and the N1,301 announced on February 27.

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Economic hardship: Soludo’s wife advises Anambra women to embrace backyard gardening

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Nonye Soludo, the first lady of Anambra, says women in the state should embrace backyard garden practice to help their families cope with the rising cost of living.

Nonye, the founder of Healthy Living Initiative, spoke when she received a group of Anambra female farmers and businesswomen in Awka, the state capital.

She said home garden practices have helped families as primary and regular sources of diet and nutrition

The Anambra first lady said backyard gardens would also reduce dependence on commercial food products which are mostly expensive.

“Economic circumstances do not completely determine healthy living practices, including the choice of what we consume to keep the body in good shape,” she said.

“We also need to dispel the notion that eating healthy is about eating expensive food products.

“You only need to go to the small farm behind your house to pick up what the body needs to be healthy.

“This is why I am encouraging families to embrace backyard or home gardens and this is in line with the state government’s agricultural agenda.

“Those who live in areas without enough land for subsistence farming purposes can adopt sack farming, which does not cost anything to set up.

“By having such farms around the house, households can have easier and healthier alternatives, cut down their costs of living and boost the green environment.’’

Nonye said her healthy living campaign aims to sensitise households on adopting healthy living as a culture.

“One of our goals is to ensure that families in Anambra prioritise nutritional values of what they eat to improve their family health,” she added.

On her part, Esther Onyekesi, the leader of the group, said women have a major role to play in food production and should be given every necessary support.

Onyekesi, who is also the women’s leader of the All Progressives Grand Alliance (APGA) in the state, encouraged her colleagues to key into backyard farming to enhance food security.

She added that the recent hike in prices of foodstuffs should encourage everyone to go into farming.

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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