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FCT Residents Squeak over Food Prices Soar, FG urges Patience

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Nigerians in the Federal Capital Territory (FCT) are concerned over the continued instability and increase in the cost of essential goods and services in the city centre.

Headline inflation rate released by National Bureau of Statistics (NBS) in February showed that inflation rate surged to 31.

70 per cent, with food inflation hitting a staggering 37.
92 per cent.

These inflation pressures have led to significant volatility in the prices of essential commodities, posing a challenge to the livelihoods of many residents.

Inflation is a decrease in the purchasing power of money, reflected in a general increase in the prices of goods and services in an economy.

It is typically a broad measure, such as the overall increase in prices or the increase in the cost of living in a country.

The spike in food inflation in Nigeria has made it increasingly difficult for many families to afford essential food items, leading to concerns about food security and access to nutritious meals.

The rising cost of transportation has added to the financial strain on residents, making it harder for workers for instance, to commute to work and access basic services.

Due to these developments, there is a pressing need and call for measures to address the underlying causes of inflation and ensure price stability for essential goods and services in the country.

According to residents, it is essential to implement policies that can effectively address the inflation challenge and stabilise prices.

They, therefore, urge relevant authorities and policymakers to take steps to mitigate the impact of inflation on the daily lives of the people.

They further urge that efforts that would enhance food security and support vulnerable households should be prioritised to mitigate the adverse effects of inflation on access to food.

Mrs Anthonia Yusuf, mother of three, expressed her distress over the soaring prices of food items, saying it is becoming increasingly difficult to put food on the table for her family.

“The prices of basic food items like rice, beans, and cooking oil have almost doubled in the past few months. I am deeply worried about how we will cope if this trend continues.

“ As a mother, I feel for children out there without parents. I cannot even imagine how they are able to fend and survive with the increased cost of living we are experiencing,’’ she said.

Also, another resident, Mrs Patience Akpa said: “Thse days, I do not attach prices to the list of items I intend to buy form the market because I cannot guarantee that the price would still remain the same.

“This is not good for us, we cannot even afford to plan because we do not know what tomorrow holds or will bring to our door-step.

“ We pray and hope the government and people in charge of policies will look into this unstable and increasing cost of living in the country.’’

Similarly, Mrs Favour Akputu said :“ my family is now living one day at a time and our only hope is in God whom we are trusting will continue to provide our needs.

Mr Ibrahim Usman, a civil servant, highlighted the ripple effects of the inflation on transportation costs.

“Commuting to work five days in a week has become a financial burden due to the rising transport fares.

“With the increasing cost of living, my salary is no longer sufficient to cover these additional expenses, thus, something needs to be done to address this issue speedily,” Usman said.

Similarly, Ms Ngozi Okoro, a small business owner, shared her concerns about the impact of inflation on her enterprise.

Okoro said as a retailer, she had witnessed a decline in customers as they struggled to cope with the escalating prices of goods.

She said :` This is affecting my sales and profitability, and I fear that if this persists, I may be forced to close down my business because right now I am even managing to cope and stay in business.

“And if that happens, my family will suffer because this business is the only source of income I have to support my husband who his taxi driving barely provides the need of the family.’’

For his part, Mr Moses Osita, a student, underscored the challenges faced by his peers, especially students from low-income backgrounds.

“ Many of my peers are finding it hard to afford meals on campus. The higher food prices have made it difficult for students with limited financial resources to meet their basic needs.

“ This is affecting our academic performance and well-being. If the youths are truly` leaders of tomorrow’, then something needs to be done urgently, because we are currently uncertain of our tomorrow,” Osita said.

Meanwhile, Mrs Fatima Adajime, a retired worker, drew attention to the plight of senior citizens of the country, the retired individuals.

“As a pensioner, I rely on my fixed income to cover my expenses. The steep increase in food prices has eroded the purchasing power of my pension. It is disheartening to see fellow retirees struggling to afford essential items.

“Due to our age, a lot of us suffer one health challenge upon another and the cost of drugs is nothing to write home about, these challenges needs urgent solutions by relevant quarters,’’ Adajime said.

According to Mr Francis Adams, a financial expert, many Nigerians are currently struggling with hardship due to government reforms including the removal of petrol subsidy.

Adams said the depreciation of naira had eroded incomes and savings of many, adding that this had worsened with Nigeria’s increased headline inflation rate recently released by the NBS.

He is, however, optimistic that if well managed, the reforms will yield positive dividends in the future.

He said as Nigerians continued to grapple with the repercussions of soaring inflation,

He urged the government to, in the interim, implement policies that would cushion the effects of inflation on the citizens.

“It is imperative for authorities to take decisive action to mitigate the impact of inflation and ensure the well-being of the populace’’, Adams said.

According to him, the pursuit of price stability is crucial in safeguarding the well-being of Nigerians and fostering a more sustainable and equitable living environment.

President Bola Tinubu has called for patience as his administration navigates the economic situation considered unpleasant by many Nigerians.

“I would like to solicit for understanding and support of Nigerians towards the government’s economic reform programmes inspired by the difficulties involved.

“We are very much hopeful that these policies will yield the desired results in no distant future”, Tinubu said through Prof. Tahir Mamman, the Minister of Education at the 43rd graduation ceremony of Ahmadu Bello University Zaria. (NANFeatures)

FEATURES

Doctor Mark Ogbodo: A Man Destined for Success

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By Paul Ugah

Henry Miller once said, “Every man has his own destiny, the only imperative is to follow it, to accept it, no matter where it leads him.”Doctor Mark Ogbodo followed his destiny from the beginning as a leader and an achiever. His leadership qualities blossomed at his tender age, that was why he was identified and made the compound prefect at Holy Family Primary school, Kanshio, Makurdi in 1994.

In the words of an American writer, Casey Stengol, “There are three kinds of people, those who make things happen, those who watch things happen, and those who ask, what happened?” Doctor Mark Ogbodo obviously belongs to the first group in Stengol’s classification.
Humble and unassuming, Doctor Ogbodo is a man of integrity, discipline, focus and composure. His mien is a delight.Indeed, the Medical Doctor cum creative writer has endeared himself to his colleagues and people of good minds across the country as a man who makes things happen positively.Though he is not among the richest people in the country but the little he has he always uses it to touch lives across diverse tribes. He also demonstrated this through commitment to community and nation building by organizing several free medical outreaches in the rural areas, sponsoring literary competitions for schools and building of a standard health centre at the rural area to provide good healthcare services at the grassroot.Today Doctor Ogbodo, the Chief Medical Director of Lydia Memorial Hospital, Ugbokolo, has become a celebrity in the medical field and educational sector because of his contributions to the development of the sectors in the country.According to Allen Fred, “a celebrity is a person who works hard all his life to become known”Francis Bacon corroborated the above fact when he rightly asserted that, “fame is like a river that beareth up things light and swollen and drown things weighty and solid”. Little wonder, Longfellow posits, “the heights great men reached and kept were not attained by sudden flight but while their companions slept, they were toiling upward in the night.”In fact, beside Doctor Ogbodo’s hard-work over the years, his life seemed to be destined for success and greatness.This may be the reason why he is succeeding in all his endeavours.Like Doctor Wole Okediran, a Medical Practitioner turned Literary giant, Doctor Ogbodo, aside from his exploits in the medical field, has written creative books that have been recommended for students in secondary schools and other levels of education by the Ministry of Education and Knowledge management and Nigerian Educational Research and Development Council.The works include The Journey- A Flight to Greatness After a Long Walk CA Novel, 2017, Amour Matenel (Novella, 2021), and Untold Novella, 2023.Doctor Ogbodo hails from Obi Local Government Area of Benue State.He started his early education at Holy Family Primary School, Kanshio, Makurdi, Benue State and proceeded to Unique Secondary School in New GRA, Makurdi and got admission into Igbinedion University Okada, Edo state, where he obtained a Bachelor of Medicine and Bachelor of surgery (MBBS).Apart from his natural leadership endowment, the Chief Medical Director, Lydia Memorial Hospital, acquired other numerous training which include certification in leadership and management in Health, University of Washington which made him a leader with difference, Certificate of Achievement by British Council: Ideas for a Better World, Leading Change through Policy Making among others.Some of the positions of responsibilities held by Doctor Ogbodo from past to present includes; Secretary, Fellowship of Christians Students, Unique Secondary School, Makurdi: 2002 to 2003, Secretary Lay Reader Association, STAMS Makurdi: 2003 to 2021, Pioneer Headboy, Unique Secondary School, Makurdi; 2004, Editor-In-Chief (Disciplinary head), Igbinedion University Press Club: 2009 to 2010, Secretary, Federation of Catholic Medical and Dental Students, Igbinedion University, Okada: 2013-2015, National President, Unique Secondary School Old Students Association: 2006-2017, Focal Doctor, Yellow Fever (under NCDC), Ogbadibo LGA: 2020, Assistant Secretary Association of Nigeria Authors, Benue State Chapter: 2021-2022, Secretary, Association of Nigeria Authors, Benue State Chapter: 2022 to 2024.Others are Public Relations Officer, Nigerian Medical Association, Benue State Branch: 2022 till date, Chairman Publication Committee, NMA Benue: 2022 till date, Ambassador National Association of Polytechnic Students: 2023 till date, Ambassador, Federal University of Health Sciences Otukpo: 2024, and Medical Director, Lydia Memorial Hospital, Benue State: 2022 till date.

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Business Analysis

A Peep Into Dangote’s Refinery, The World’s Engineering Wonder

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By Cletus Akwaya

Call it Dangote Republic and you would not be wrong, for that is what it means in real sense.

The ultra-modern Dangote Refinery and Petrochemical complex located at the Lekki Free Trade Zone in Lagos is the World’s Engineering wonder.

A guided tour for top Media executives in the country  by the President,  Dangote Industries Group himself, Alhaji Aliko Dangote on July 14, provided a rare privilege and opportunity to appreciate the project that has emerged as the World’s largest  single train petroleum refinery.

Dangote, the Kano-born business mogul and Africa’s richest man, whose vision for the industrial transformation of Nigeria led to the initiation of this project is certainly a fulfilled person, having accomplished such a gargantuan task in the spelt of just about 10 years.

The refinery, which is  built and equipped with the latest technology in the industry. It is a behemoth sitting on a huge land space of 2, 735 hectares, approximately seven times, the size of Victoria Island, the octane section of Lagos, which has become the abode for the very rich in the nation’s commercial nerve – centre over the decades.

The land was provided by the Lagos state government after the payment of $100million dollars by the Dangote Group as cost of the land.

The edifice didn’t come easy as the engineers had to reclaim 65million cubic metres of sand  through dredging of the Atlantic coastline to pave way for the construction of the refinery and its accompanying facilities especially the Jetty.

The Dangote refinery is not a stand-alone project as it has a coterie of associated industries and infrastructure making it a self-reliant complex.

For instance, the company has a fully developed port (jetty)for maritime operations for both in-take of crude and discharge of refined products. This perfectly compliments the huge pipeline network that lands into the Atlantic for intake of crude and loading of refined products to ships.  Its Jetty, which stretches 9KM into the international waters in the Atlantic Ocean and 12.5 KM from the refinery is perhaps one of the most modern in the world built with sand piles that shield the final landing points from the violent oceanic waves, thus providing for safety and stability of ships, barges and oil tankers.

The complex is accessed by 200KM network of concrete under-lay and well asphalted road network to ease vehicular traffic. The refinery has its dedicated steam and power generation system with standby units to adequately support operations of the various plants in the complex.

 It has successfully completed a 435 MW power generating plant for its operations. The power generated from this plant surpasses the entire distribution capacity of Ibadan Electricity Distribution company, which supplies electricity to five states of the Federation including Oyo, Osun, Ondo, Ekiti and Kwara.

The Dangote refinery with a capacity of 650,000 bpd of crude oil is designed to handle the crude from many of the African countries, the Middle East and the US light crude. Its petrochemical plant is designed to produce 77 different high-performance grades of polypropylene, which is the major raw material for numerous industries and other refineries. With a huge refining capacity, Alhaji Dangote said the products from the refinery company would easily meet 100 per cent the needs of  Nigeria’s demand for gasoline, diesel, Petrol and Aviation Jet with 56 per cent surplus for export, from which the company projects to earn a princely $25billion  per annum from 2025.

The company has facility to load 2,900 trucks with its various products in a day by land and millions of litres of products through the waters depending on where the orders come from. The $25million projected revenue in 2025 could translate to a huge relieve for the nation in dire need of foreign earnings to shore-up the value of the nation’s currency.

The associated industry, the Dangote Fertilizers Limited also situated in the complex utilises the raw materials from petrochemicals to produce different varieties of fertilzers especially Urea, NPK and Amonia grades of fertilizers. Apart from the local market, Dangote is already exporting its fertilizers to other countries including Mexico, a testament to its high quality that meets world standards.

This feta,  the President of Dangote industries explained was possible because of the high quality, the company has opted to pursue. In between the refinery and the fertilizers complex lies a 50,000 housing estate, which provided accommodation for the construction workers at the time of construction especially during the COVID-19 lockdowns of 2020, when workers remained encamped on the project site to continue with the work.

What stands out the Dangote Refinery is perhaps not in its sheer size and capacity but in the fact that  it is  perhaps the only of such projects whose Engineering, Procurement and construction(EPC) was done directly by the company without engaging the world renowned refinery constriction companies  like Technip Bechtel (USA)Technip (France)Aker Solutions (Norway)Chiyoda Corporation (Japan)SNC-Lavalin Group (Canada)J. Ray McDermott (USA)JGC Corporation (Japan)Hyundai Heavy Industries (South Korea)Foster Wheeler (USA) and Daelim Industrial Company (South Korea)

“The design of the refinery was handled by dozens of Engineers and technical experts assembled in India and Houston, Texas, USA to execute engineering designs of the refinery,” said Edwin Kumar, the Executive vice President, Oil and Gas for the Dangote Group who midwifed  the birth of the refinery complex.

“We didn’t give out contracts to anybody, we bought every single bolt and equipment ourselves and had it shipped into the country,” Dangote explained to his guests.

Part of the equipment imported into the country was the procurement of over 3,000 cranes to handle the evacuation of huge consignments of machinery from the wharf and for subsequent installation at the construction site. The cranes have become an unusual assemblage of such equipment to be found in one place on the African continent.

If there was any doubt that Alhaji Aliko Dangote is Africa’s richest man, the successful completion of the refinery and petrochemical complex at the cost of about $20billion has further confirmed his status as Africa’s leading businessman and entrepreneur.

However, Dangote does not really accept that he is the richest man on the continent,
“When you are rich, you accumulate cash, but when you  wealthy, you create wealth” he told the top Media executives on tour of the huge project, explaining that he would rather  prefer to be referred to as a “Wealthy man.”

And consistent with his business philosophy, Dangote hinted of plans to list the refinery on the Nation’s stock exchange by the first quarter of 2025. His vision is to avail the public of 20 per cent of the shares so as to ensure participation by Nigerians and even international portfolio investors.

The refinery company and the entire of Dangote Group at the moment provides direct employment to about 20,000 Nigerians and much indirect jobs to Nigerians, making it the highest employer of labour outside the government.

Most interestingly, the highly technical operations of Dangote refinery is operated by over 70 per cent of local manpower who work in the refinery control, centre, the numerous production and quality control laboratories among others. Some of the staff who explained their tasks to the visiting media executives said they were graduates of Engineering and allied disciplines recruited mostly from Nigerian universities and trained in various institutions abroad for periods ranging from sixth months – one year to master refinery operations. Through this strategy, Dangote has ensured transfer of technology to thousands of Nigerian youths.

“We don’t  know where they come from as long as they are Nigerians and if they decide to leave and join international oil companies for better job opportunities, we have no problem with that,” Dangote responded to a question on the strategy to retain the technical manpower for stability of the refinery’s operations.

The Dangote Refinery is a Republic of some kind,  at least an economic or industrial Republic.

But the man who presides over this ‘industrial empire’, Alhaji Dangote says his only ambition is to boot the nation’s economy and ensure netter life for Nigerians.

“When you import any product into Nigeria, you are importing poverty and exporting our jobs to those countries from where you are importing” Dangote said  adding “this is why I want economic nationalism in Nigeria.”

Dangote’s vision even goes beyond Nigeria as he has cement factories and other business concerns in about 13 African countries including Ghana, Ethiopia, Tanzania, Uganda, etc. This signifies his continent-wide  dream to transform Africa’s economies.

There has been attempts by some international oil companies to frustrate the successful take-off of the refinery, through over pricing and in some instances outright  denial of crude supplies for processing. This made Dangote to commence importation of crude from the US. However, the cheering news that the Nigerian National Petroleum Company Limited (NNPC) has finally approved a supply arrangement has raised hopes that full operations will commence and that the long-awaited Dangote oil products will reach consumers around the country from August.

At last, the Dangote Group may have achieved its objective to serve as the elixir to Nigeria’s industrialisation effort. This is perhaps the greatest legacy of Africa’s richest man to his country of birth.

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FEATURES

Benue: Turning Trash to Economic Boom

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By Bridget Tikyaa

Amidst challenges of unemployment and environmental degradation, the Benue State Government is taking new initiatives to not only create jobs but also provide comprehensive sustainable solutions to the threats posed to public health and the environment by the huge quantum of waste across the state.

 The innovative solutions are part of a deliberate policy of the government to turn trash to wealth and generate a boom for the economy.

The government began by setting up an agency to drive the initiatives. The Bureau of Entrepreneurship and Wealth Creation, which has Benita Shuluwa as pioneer Director General, has the mandate to initiate, develop, and execute wealth creation initiatives in alignment with the state government’s vision across the entire value chain, in collaboration with relevant government agencies, and promote innovative entrepreneurship programmes by forging partnership with the organised private sector, potential investors and technology hubs.

The Bureau is also to compile data and statistics related to employment and wealth creation, establish job registration centers and skills acquisition and capacity building programmes to advance entrepreneurship.

Its mandate also include:  accelerating intergovernmental cooperation on business development, ensuring ease of doing business and developing inclusive and sustainable partnerships with Community Based Organizations, the Legislature, Development Partners, Organised Private Sector, Central Bank of Nigeria, Bank of Industry, Nigerian Investment Promotion Commission, among others.

The government was also well intentional as it mandated the Bureau to support indigenous innovative and skilled individuals and groups to stimulate the innovation ecosystem.

Thus, one key step taken to realise this dream was the partnership agreement signed by the government with Sector Lead Limited to execute a comprehensive Waste-to-Wealth Project in the state. It is a move that will make trash from households useful, an economic treasure and a source of providing massive employment.

According to Shuluwa, the partnership will bring in more than $194 million to be spent over the coming years on enhancing environmental sustainability, creating jobs, boosting revenue, and generating 35MW electricity, biofertilizer and biogas among other derivatives.

In addition to these derivatives, the project will enable the government to be issuing Carbon Credit, reclaim and vegetate dump sites and landfills for agricultural and infrastructural gains.

No doubt, the Waste-to-Wealth project is a legacy project that will boost the economy of Benue state by turning trash into wealth thereby creating an economic boom for many residents.

The partnership is in continuation of the decisive interventions made by the government in streamlining the mining sector and its degenerative effect on the environment.

The government through the entrepreneurship Bureau began by restructuring the mining sector to derive maximum benefit from the vast mineral deposits being tapped by registered and illegal miners across the state.

It also collaborated with the Federal Ministry of Interior through the Nigerian Fire Extinguisher Scheme (NFES) to employ 1,450 with a prospect of employing up to 10,000 youth across the state, a move that has reduced unemployment.

Also important to note is the rehabilitation of ICT hubs and tailoring workshops at BENCEDI Skills Acquisition Centre to provide youth in the state with appropriate training to effortlessly key into the 21st century digital economy.

The administration of Governor Alia is no doubt pushing the boundaries, taking bold and decisive steps to make a huge difference by streamlining the Benue economy for the benefit of all, thereby advancing the state’s GDP to the top of the chart from the current 12th position in the country.

Bridget Tikyaa is the Principal Special Adviser to the Governor on Media, Publicity/Communications Strategy.

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