Economy
Full List As Prices Of Onions, Beans, Others Crash In FCT Markets, Environs

Full List As Prices Of Onions, Beans, Others Crash In FCT Markets, Environs
Full List as prices of onions, beans, others crash in FCT markets, environs. Correspondents who visited various markets in FCT and its environs reported that the prices vary depending on the market and its location.
Prices of food items are gradually dropping in the Federal Capital Territory (FCT) markets and environs, a News Agency of Nigeria (NAN) survey reveals.
Correspondents who visited various markets in FCT and its environs reported that the prices vary depending on the market and its location.
Food prices tend to be higher in markets in the city centres than those in the satellite towns.
At the Kado market, a 50kg bag of rice, which sold between N97,000 and N100,000 in January, is now being sold for N87,000, while a 25kg bag formally sold between N45,000 and N50,000 was now being sold for N43,500 depending on the brand.
In Garki market located at the city centre, a bag of 50 kg rice was now being sold between N81,000 to N83,000 as against N92,000 in January, while a 25kg bag now sells for between N42,000 and N43,000 as against N45,000 sold in January.
In Nyanya market, located in the satellite town, a 50 kg bag of rice was formally sold between N90,000 and N93,000 in January, and it was now being sold between N70,000 and N83,000, depending on the brand.
A 50 kg bag of rice sold for N105,000 at Apo fish market had crashed to N93,000.
At the popular Orange market on the Abuja-Keffi expressway, a bag of onions sold between N90,000 and N100,000 as of January was now being sold between N50,000 and N55,000.
In Garki market, a bag of onions sold between N180,000 and N200,000 as of January now goes for between N55,000 and N60,000.
In Karu market, located in FCT satellite town, a bag of Bendel (yellow) garri was sold at N55,000 against N57,000 to N60,000 in January.
For red oil, a 25-litre keg sold between N75,000 and N83,000 in January was sold between N55,000 and N50,000 in the Nyanya market.
In Apo fish market, a 25-litre Terra groundnut oil formerly sold for N88,000 now goes for N84,000.
A four-litre keg of groundnut oil was now being sold for N15,500, which was against its former price of between N17,500 and N20,000, depending on the brand.
Also, a big bag of white beans initially sold between N200,000 and N150,000 now sells between N115,000 and N120,000 at Kado market.
A module of white beans formally sold between N2,100 and N2,300 in January was sold between N1,700 and N1,800, respectively.
At Orozo market, a module of brown beans formally sold between N2,200 and N2,800 was now sold for between N1,800 and N2,000.
However, food items like yams, pepper, combo and plantain had increased compared to their prices in January.
At the Wuse market, five pieces of medium-sized yams sold between N8,000 and N10,000 were now being sold for N15,000.

FCT Markets
At Lugbe and Orozo markets, the same size of yams formally sold for between N6,000 and N7,000 were now sold for N10,000.
Also, a bunch of plantain sold for N6,000 was now being sold for between N8,000 and N9,000.
A big bag of pepper was now being sold for N73,000 as against N31,000 in January.
A big basket of shombo was sold at N36,000 against N30,000 in January.
Amina Suleiman, a mother of four, said that although prices of some food items in the market were dropping, the decrease was insignificant.
“The government needs to do more in the area of security to enable farmers to farm more, improve infrastructure and ensure incentives to farmers.
“All these will reduce the cost of production and, in turn, further reduce the cost of food prices for the good of all Nigerians,” Ms Suleiman said.
Albert Okoro, a rice wholesaler in the Garki market, attributed the price drop to the slight reduction in fuel prices.
Economy
Strike: NASU Gives WAEC 7-Day Ultimatum

Strike: NASU Gives WAEC 7-Day Ultimatum
Strike: NASU gives WAEC 7-day ultimatum. The Non-Academic Staff Union of Educational and Associated Institutions (NASU) has issued a seven-day ultimatum to the West African Examinations Council (WAEC) management to address a four-point demand related to workers’ welfare and alleged victimization of labor leaders.

NASU Gives WAEC 7-Day
Speaking at a press conference in Lagos on Monday, NASU General Secretary, Prince Peters Adeyemi, warned that all WAEC offices across the country would be shut down from Monday, March 24, if the demands are not met.
Economy
Akwa Ibom LG Chairman Sets To Report Construction Company For Poor Performance

Akwa Ibom LG Chairman Sets To Report Construction Company For Poor Performance
Akwa Ibom LG Chairman sets to report construction company for poor performance. Ikot Ekpene Chairman, Hon. Aniefiok Nkom, has threatened to send digital copies of the Ikot Ekpene – Aba road one-lane construction to Senate President, Senator Godswill Akpabio, despite allegedly underperforming as a council chairman in recent months.
Nkom, whose achievements have been limited to painting the old Ikot Ekpene council secretariat, grading truck parks, and providing limited educational support JAMB forms, made this announcement during a peaceful demonstration by students of Akwa Ibom State Polytechnic, Ikot Osurua.
The students were protesting persistent brutality and harassment by officers from the Nigerian Police Force, Ikot Ekpene Division, and QIU, Ikot Ekpene Division.
The council chairman accused the construction company, Messrs CGGC Global Projects Nigeria Limited, of building a one-lane carriage instead of the approved dualized road, referencing Contract No.6569 and Project Code ERGP12141436 under the Federal Ministry of Works and Housing, awarded in 2019.
Nkom stated, “For those of us from Ikot Ekpene, you have seen this road. For those coming from Aba, you can see where they stopped the dual carriage.
Now, they are constructing a single lane to Ikot Ekpene. This is what we are talking about when we mention injustice.”

Akwa Ibom
He further mentioned his intention to document the road’s condition with NTA and send the footage to the Senate President, calling the situation a serious embarrassment to Akwa Ibom State.
Addressing the issue of police brutality against Akwa Ibom State Polytechnic students, Nkom asserted that any policeman or army officer who harasses a student without any offense will face consequences, urging students to always carry their identity cards.
Economy
PenOp Vows To Comply With PenCom’s 3-Day Pension Payment Directive

PenOp Vows To Comply With PenCom’s 3-Day Pension Payment Directive
PenOp vows to comply with PenCom’s 3-day pension payment directive. The Pension Fund Operators Association of Nigeria (PenOp) has assured the National Pension Commission (PenCom) that its members will comply with the recent directive to settle all pension benefits within three working days.
The National Pension Commission has mandated Pension Fund Administrators (PFAs) and fund custodians to approve and pay pension benefits to eligible applicants within three working days of receiving complete applications.
Oguche Agudah, chief executive officer of PenOp, speaking in Lagos, said that the directive was positive and could foster accountability.
Mr Agudah said PenOp members were fully aligned with PenCom’s efforts to enhance the efficiency and effectiveness of the pension system in Nigeria.
He said, “This is a good development for pensioners, Pension Fund Administrators (PFAs), and the entire system.

PenOp Vows To Comply
“PFAs are going to comply with this new directive, which is set to begin in June. We will ensure service levels are maintained, and we will also ensure people get their money as and when due.
“We recognise the importance of timely payment of pension benefits to retirees, and we are committed to working with PenCom to achieve this goal.”
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