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Annual Rice Price Per Kg, Up By 81% In 2023 – NBS

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The average price of 1kg of local rice increased by 81.35 percent on a year-on-year basis to N917.93 in December 2023.

This was revealed by the National Bureau of Statistics (NBS) in a report on Wednesday, which indicated that the price of rice, a staple food item in Nigeria, has increased by N411.76 when compared to the corresponding price of N506.17 recorded in December 2022.

Titled, ‘the Selected Food Price Watch report for December 2023’, it shared year-on-year prices of different staple food items across Nigeria from December 2022 to December 2023.

An extract from the report stated, “Selected Food Price Watch for December 2023 shows that the average price of 1kg Rice local sold loose stood at N917.93.

“This indicates a rise of 81.35 percent in price on a year-on-year basis from N506.17 recorded in December 2022 and 5.85% rise in price on a month-on-month basis from N867.18 in November 2023.”

Similarly, the NBS reported that the average price of 1kg of Tomato rose by 77.60% on a YoY basis from N458.42 in December 2022 to N814.16 in December 2023.

“On a month-on-month basis, it increased by 7.32% from N758.65 in November 2023 to N814.16 in December 2023,” the NBS stated.

It added that the average price of 1kg of beans brown (sold loose) went up by 48.54% on a YoY basis from N586.14 in December 2022 to N870.67 in December 2023.

The report read, “On a month-on-month basis, it increased by 3.79% from N838.85 in November 2023.”

More so, the average price of 1kg of Beef boneless increased by 32.38% on a year-on-year basis from N2,377.29 in December of last year (2022) to N3,146.94 in December 2023.

On a MoM basis, the average price of this item increased by 3.88% from N3,029.50 in November 2023.

“Similarly, the average price of 1kg onion bulb rose by 122.94% on a year-on-year basis from N435.93 in December 2022 to N971.86 in December 2023, while there was an increase of 42.13% on a month-on-month basis,” the report noted.

The report showed that the Federal Capital Territory (FCT) had the highest price of N1,250, while Zamfara State had the lowest price of N696.55 per kg of rice.

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Tinubu To Attend Africa Heads of State Energy Summit In Tanzania

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President Bola Ahmed Tinubu will depart Abuja on Sunday, January 26, 2025, to participate in the Africa Heads of State Energy Summit in Dar es Salaam, Tanzania.

The two-day summit, scheduled for January 27-28, 2025, is aimed at advancing “Mission 300,” a pan-African initiative to provide electricity to 300 million people across the continent by 2030.

Hosted by the Tanzanian government in collaboration with the African Development Bank Group and the World Bank, the summit will bring together African leaders, private sector stakeholders, development partners, and civil society organizations.

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The goal is to develop strategies for accelerating energy access in underserved regions, increasing renewable energy adoption, and mobilizing private sector investment.

According to a statement released on Saturday by Bayo Onanuga, Special Adviser to the President, the summit will serve as a platform for sharing expertise, knowledge, and resources to address Africa’s energy challenges.

The first day of the summit will feature ministerial-level discussions, during which participating nations, including Nigeria, will present their national energy strategies, or “compacts,” detailing their plans to achieve universal energy access within five years.

On the second day, African Heads of State will sign the Dar es Salaam Energy Declaration, a unified roadmap for achieving the goals of Mission 300.

President Tinubu is expected to deliver a national statement reaffirming Nigeria’s commitment to universal energy access and its leadership role in the continent’s energy sector.

He will also highlight Nigeria’s ongoing clean energy initiatives and integrated energy delivery strategies aimed at fostering sustainable development across Africa.

Accompanying the president will be key government officials, including Minister of State for Foreign Affairs Ambassador Bianca Odumegwu-Ojukwu, Minister of Power Adebayo Adelabu, and Special Adviser to the President on Energy Olu Verheijen.

President Tinubu is set to return to Abuja immediately after the summit concludes.

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Italy Collaborates With Edo To Combat Irregular Migration

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The menace of illegal migration is getting diplomatic attention from the Italian authorities and the Edo State Government.

The Chief Press Secretary to Edo State Governor, Fred Itua divulged this in a government house statement issued in Benin City on Saturday.

He explained that the Coordinator, Office of the First Lady, Edesili Anani had expressed the readiness of the Governor, Monday Okpebholo-led administration to tackle the menace of irregular migration among youths in the state.

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It was gathered that Anani made the stance public on Friday in Government House, Benin City, when Dr. Alberto Cilala, a consultant to the European Union and President of Mattei Africa for Humanitarian Aids Initiative in Italy, led a delegation to her office.

Welcoming the delegation, she highlighted the importance of collaboration to address the challenges posed by irregular migration.

The Coordinator expressed her gratitude to the delegation, and emphasized the transformative impact the partnership will bring to Edo State.

In her words, “This initiative will reduce unemployment, create job opportunities, and address human trafficking and irregular migration. It will also enhance education, skills acquisition, agricultural investment, and infrastructural development for our people.”

On his part, Dr. Cilala emphasized that the Mattei Plan would provide valuable skills to Edo State residents, including tailoring, furniture-making, shoemaking, and more.

“The Mattei Plan was launched by the Italian Government with a focus on six key sectors: education and training, health, security, agriculture, and renewable energy. The goal is to promote integrated development and improve living conditions, particularly in rural areas.

“These projects will be fully funded by the Italian Government through the Ministry of Foreign Affairs and Labour,” he stated.

Former Senior Special Assistant to the Edo State Government on Anti-Human Trafficking and Irregular Migration, Solomon Okoduwa, in his remarks, said the Mattei Plan prioritizes practical measures to reduce irregular migration and human trafficking.

“Although nine African countries are involved in this initiative, Edo State is a crucial partner for Italy. This partnership will strengthen bilateral relations under the leadership of His Excellency, Senator Monday Okpebholo,” he said.

Brand Ambassador of the Mattei Plan, Olorogun John Paul, popularly known as Daddy Showkey was at the event and lauded the initiative.

He noted, “This program provides an opportunity for Edo State beneficiaries to gain training in various skills, equipping them for sustainable livelihoods.”

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JUST IN: Security Beefed Up As Obasa’s Supporters Occupy Speaker’s Lodge

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Supporters of the impeached Speaker of the Lagos State House of Assembly, Mudashiru Obasa, on Saturday morning stormed the Speaker’s Lodge located at 47 Joel Ogunnaike Street, GRA Ikeja, Lagos.

The supporters, dressed in pro-Obasa vests and caps, arrived in large numbers at the premises.

According to multiple sources, the group was planning a “heroic welcome” for the former Speaker, who was recently removed from office by a majority of lawmakers in the House.

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Obasa, who was out of the country at the time of his impeachment, was replaced by the former deputy speaker, Mojisola Meranda.

Since her emergence as Speaker, Meranda has presided over two sittings, with Obasa absent from both.

The choice of the Speaker’s Lodge as the location for Obasa’s supposed welcome sparked controversy, as he is no longer officially entitled to the property following his removal.

A resident in the area expressed surprise over the situation, saying, “I didn’t expect that the lodge would be opened for them.”

Armed security personnel, including police officers, were deployed to the area to maintain order and prevent any potential disruption.

As of the time of filing this report, Obasa had yet to arrive at the lodge.

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