Note: Inflation is the general increase in prices and fall in the purchasing value of money.Keeping inflation rate at a very minimal level is very important because it affects the lives of people in so many ways.Apart from making the ease of during business very difficult, it also affects the cost of living of the people.
redmi note 8 price in nigeria news
Just lately, the Dangote Group claims that its cement is more cheaper in Nigeria, than the price they are selling it in Ghana, and that anytime they concentrate to supply the Nigerian market, they lose a lot of money.“To satisfy domestic supply, we would always have to postpone exports from our newly opened export facilities, resulting in loss of dollars profits, he stated, noting that the organization also have reopened their 4.5 million ton Gboko factory.
Weeks ago, many people have called out the Dangote Group for selling bag of cement costlier in Nigeria than in other African countries.This trend of slamming the African Richest man, Aliko Dangote began when the leader of the Proscribed Indigenous People of Biafra, Nnamdi Kanu called him out for selling bag of cement for N1800 in Zambia and over N3000 in Nigeria.
It was reported few hours ago that Dangote group said that its cement is cheaper in Nigeria than in Ghana, noting that the price of a bag of cement from it's factory was N2450 and N2510.They also made it clear that they are losing millions of dollars to sell cement in Nigeria and a man advised them to close down their operations in Nigeria and focus on other African countries if they are losing money.
Dangote Cement Group has been selling their goods to some parts of Africa over the past few years.One of the countries the group sells to; is the Southern African country, Zambia.They sell the cement for at most 110 Kwacha which is equivalent to 1,800 naira in Nigeria but it sells for nothing less than 3,500 naira in Nigeria.
Edo state Governor Godwin obaseki has revealed that the federal government had to print an extra 60 billion for the governor's to share in the month of March 2021 He further stated that by December Nigeria's total debt may exceed 16 trillion this is because of the shrinking oil revenue in the country and that diversification is urgently needed to help stabilize the shrinking economy He added that, despite the price of crude in the international market,the current fortunes of crude is only a mirage and the Nigerian economy could no longer rely on oil revenue.
The Senior Advocate of Nigeria, Femi Falana raise an alarm over the Buhari led administration's intention to sell fuel at N500 per litre before the year 2021 runs out. Falana disclosed this while speaking at the two day conference of the People's Alternative Political Parties Summit in Abuja over the weekend titled, “A New Nigeria Is Possible". The Human Right Lawyer who gave the major reasons for the summit recalled how the President compared the fuel price in Nigeria and other neighboring countries some