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August 15, 2024 Bakers Lament Incessant Rise in Flour Prices
IFMUYONEWS

Bakers Lament Incessant Rise in Flour Prices

The Association of Master Bakers and Caterers of Nigeria in Lagos State has lamented the incessant increase in flour prices in the country.

The association made this known during a protest held in the state on Wednesday.

Addressing newsmen during the protest, the association’s chairman, Chief AYOOLA MATHEW, said despite the recent approval of a duty-free importation waiver on wheat, maize, and other commodities, flour prices kept rising.

AYOOLA also expressed concern over Nigerian millers’ failure to implement the waiver which has led to a surge in flour prices and making it difficult for bakeries to operate smoothly.

He added that the association’s findings revealed that some millers chose to ignore the waiver and instead continued to inflate the price of flour daily.

August 14, 2024 IPMAN Projects Petrol Price from Dangote Refinery at N600
IFMUYONEWS

IPMAN Projects Petrol Price from Dangote Refinery at N600

Independent petroleum marketers in Nigeria are hoping that the Dangote Petroleum Refinery will sell its Premium Motor Spirit, popularly called petrol, at N600 or N650/litre when it is finally released into the market.

IPMAN National Vice President, HAMMED FASHOLA, who spoke with newsmen said that the $20billion dollar Dangote refinery would bring down the cost of fuel if it gets the needed support, especially as it has to do with crude supply.

According to him, the Nigerian National Petroleum Company Limited, which is the sole importer of PMS has been selling to marketers at N570/litre, but most IPMAN members buy from private depot owners at N700 and above.

MEANWHILE, President BOLA TINUBU inaugurated 30 Compressed Natural Gas (CNG) powered buses at the State House, Abuja, aimed to ease the burden of transportation on the citizens brought about by the removal of fuel subsidy.

August 13, 2024 President Tinubu Inaugurates CNG Buses in Abuja
IFMUYONEWS

President Tinubu Inaugurates CNG Buses in Abuja

MEANWHILE President BOLA TINUBU has inaugurated 30 hybrid Compressed Natural Gas (CNG)-powered buses with the capacity to transport 3,000 passengers.

The locally-manufactured buses were donated to the federal government by the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and the Nigerian National Petroleum Company Limited (NNPCL).

Speaking at the inauguration, the President said utilizing natural gas to power the nation’s transportation industry would reduce transportation costs and enhance productivity.

The information which was contained in a Press Release signed by the President’s Special  Advuser on Media, AJURI NGELALE, quoted TINUBU as noting that the adoption of CNG buses will save the nation trillions of naira spent on the importation of Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO).

IFMUYONEWS

President Tinubu Celebrates The Zeal of Nigerian Youths on International Youth Day

President BOLA TINUBU has noted the creative zeal of the Nigerian youths in adopting digital solutions, trends, and innovations in the country.

This is as the world marks the International Youth Day which is celebrated every 12thAugust with the 2024 theme being “From Clicks to Progress: Youth Digital Pathways for Sustainable Development.”

President TINUBU in a statement signed by his special assistant on media and publicity, AJURI NGELALE, the President acknowledged the strides of the youth in diverse spheres, especially in developing billion dollar technologies and innovations to make the world a more prosperous and evolved place.

He further assured Nigerians that his administration is here to make their dreams come alive in a sustainably expanding, inclusive economy.

Meanwhile, youths advocates have noted that by embracing technology, youth can unlock and increase opportunities and their voices.

The International Youth Day is usually celebrated every August 12 as it offers a chance to recognize the valuable contributions of young people to the society and their potential to shape the future of a nation.

It also serves as a reminder of the challenges that youth face globally, such as educational barrier, unemployment, and economic instability among others.

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