Osun Residents Fume Over Bread Price Hike, Call For Decisive Measures -As Master Bakers, Al Badr Trade Words – Newstrends
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Osun Residents Fume Over Bread Price Hike, Call For Decisive Measures -As Master Bakers, Al Badr Trade Words

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RESIDENTS of the State of Osun are currently fuming over the increment in the prices of various sizes of bread across the state by the Master Bakers’ Association of Nigeria.

According to the residents who spoke with OSUN DEFENDER in different interviews on Wednesday, bread is a major staple food of the common people and increasing the prices would automatically add to the suffering of the people.

The residents urged Governor Adegboyega Oyetola to take decisive measures in curbing the excesses of the Master Bakers’ Association, describing the increment in the bread prices as self-centred and callous.

Some of the residents charged Oyetola to proscribe the association, saying it is inflicting more pains on the masses for desirable profits.

Mr. Ibrahim Olaiya, one of the residents, called on the Governor to borrow a leaf from his counterpart in Ondo and disband all associations that are regulating prices of commodities in the state.

Olaiya maintained that everybody should have the right to sell goods at whatever prices he or she desires without the interference of another person or association.

Another resident, Mrs. Esther Opara, who lives in Ilesa, said it was insensitive for the Master Bakers’ Association to increase the prices of bread in the face of the current hardship confronting the people.

It amounts to wickedness and insensitivity, she said, calling on the State Government to proscribe or regulate the activities of the unions and association in the state.

She added: “I think the government needs to proscribe all these associations or regulate their activities. I am not talking about the master bakers alone. What is happening with the Master Bakers’ Association is applicable to other associations also. They are just exploiting the people. They will just wake up one morning and decide to increase the prices of goods and services without considering the masses.

“Without government putting them in their places, this is going to continue and the overall effect will be on the masses.”

Meanwhile, there are controversies between the Master Bakers’ Association and Al-Badr bakers in Iwo on the implementation of the new bread prices regime.

The association has accused Al-Badr bakers of subsidising the prices of bread and not following government laid-down procedures in producing their bread.

The association also called on government to look into Al-Badr bread making process, saying that the bread might be injurious to the health of the consumers.

Alhaji Ganiyu Bakare, the Chairman of the association, said the increment in bread price is as a result of the hike in the materials being used to produce the staple food.

He said: “The increment in price of bread is due to the high costs of baking materials. At the start of this year, a bag of flour was sold at N12,000 but at present, it is sold at N21,000. Sugar is now N22,000 as against N15,000 that it was before. Yeast and butter are also in the high side.”

OSUN DEFENDER gathered that the non-implementation of the new bread prices led to a clash between workers of the two associations in Iwo on Sunday.

In its reaction, Al-Badr Bakers, a subsidiary of Al-Badr Company, said it did not join the master bakers in increasing prices of bread because it is sensitive to the plight of the common people.

Speaking through the Media Director of Jama’atu Ta’awunil Muslimeen Society of Nigeria, Mr. Luqman Salawudeen, Al-Badr accused the master bakers of selfishness and greed.

According to Salawudeen, the master bakers are only interested in excessive profit-making without considering the suffering of the masses.

He said: “These are the problems we are having with all these associations. They had already increased the prices of bread before and we did not. We are not subsidizing our bread price. We are buying the same baking materials from the same market. The question is: why are they inflicting pains on the masses?

“With the current prices of materials, if they do not increase the price of bread, they will still have their gain.”

OSUN DEFENDER

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Yahaya Bello reports to EFCC office with lawyers

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Yahaya Bello reports to EFCC office with lawyers

 

A former Governor of Kogi State, Yahaya Bello, on Tuesday visited the Economic and Financial Crimes Commission (EFCC) to honour another invitation extended to him over alleged misappropriation of funds.

Bello went to the anti-graft office with his lawyers in the morning.

The ex-Kogi governor reportedly drove himself to the EFCC’s office in a black Toyota Hilux van with some lawyers.

He was said to have been taken by some operatives of the agency and are currently being grilled.

This is  coming after the Supreme Court judgment which dismissed a suit brought by some state governments challenging the constitutionality of the agency.

The EFCC at the last hearing on November 14, sought the adjournment till November 27 in the fresh case it instituted against Bello.

It stated that the 30-day window was still running for the summons earlier issued.

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Just in: Ebonyi governor suspends two commissioners, Perm Sec for misconduct 

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Just in: Ebonyi governor suspends two commissioners, Perm Sec for misconduct 

 

Ebonyi State Governor Francis Nwifuru has announced the immediate suspension of two commissioners with a permanent secretary among others for gross misconduct.

Those suspended are the Commissioner for Housing and Urban Development Francis Ori, and the Commissioner for Health, Moses Ekuma, with the Permanent Secretary of the Ministry of Health.

The suspension followed an incident on Saturday night, when the governor reportedly visited the Ministry of Health’s premises and was said to have found six officials diverting government materials.

Others suspended for three months are the Executive Secretaries of the State Primary Healthcare Development Agency and the Ebonyi State Health Insurance Agency

The suspension order was announced by the state Commissioner for Information, Jude Okpor, who cited alleged misconduct and dereliction of duties as the reasons for the disciplinary actions.

Okpor made the disclosure on Tuesday during a press briefing on the outcomes of the State Executive Council meeting held on Monday at the New Government House in Abakaliki, the state capital.

“Following cases of gross misconduct and dereliction of duties by some government officials and matters related thereto, the Chairman of Council directed the indefinite suspension of the Honourable Commissioner for Housing and Urban Development and three months suspension of the Honourable Commissioner for Health, respectively

“In view of the development, the Special Assistant to the Governor on Primary Health was directed to take charge of the ministry in the absence of the suspended commissioner.

Governor Nwifuru directed the suspended government officials to hand over all government properties in their possession including vehicles to the Secretary to the State Government.

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Why we’re borrowing despite surplus revenues – FG

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Nigeria’s Minister of Finance, Mr Wale Edun

Why we’re borrowing despite surplus revenues – FG

The Federal Government has defended its decision to borrow to address budget deficits, despite surpassing revenue targets in 2024.

Finance Minister Wale Edun and Budget Minister Atiku Bagudu clarified this position during a session with the National Assembly’s Joint Committee on Finance, Budget, and National Planning. The meeting focused on the 2025–2027 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).

Last week, the National Assembly approved President Bola Tinubu’s $2.2 billion loan request to fund the N9.7 trillion deficit in the 2024 budget partially.

During the session, key agency heads, including Nigerian National Petroleum Company Limited (NNPCL) CEO Mele Kyari, Customs Comptroller-General Bashir Adeniyi, and Federal Inland Revenue Service (FIRS) Chairman Zacch Adedeji, presented their revenue reports.

The agencies reported exceeding their 2024 targets.

  • Customs Service: Generated ₦5.352 trillion by September 30, surpassing its ₦5.09 trillion target for the year. For 2025, the agency projects ₦6.3 trillion, with a 10% increase planned for 2026.
  • NNPCL: Achieved ₦13.1 trillion in revenue, exceeding the ₦12.3 trillion projection for 2024. Kyari announced a ₦23.7 trillion revenue target for 2025.

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  • FIRS: Surpassed multiple tax collection goals, including ₦5.7 trillion from company income tax against a ₦4 trillion target. Education tax collections also exceeded expectations, reaching ₦1.5 trillion compared to a ₦70 billion target.

Overall, ₦18.5 trillion of the ₦19.4 trillion 2024 revenue target had been achieved by September, indicating the goal will be exceeded by year-end.

Despite these surpluses, the government insists borrowing remains essential to cover budget gaps and support vulnerable populations.

Bagudu explained, “Even with agencies exceeding revenue targets, borrowing is necessary to address deficits and boost productivity, particularly for the poorest. This aligns with Agenda 2050, which aims for a GDP per capita of $33,000.”

Edun also reiterated that loans were critical for adequately funding the budget.

The committee, led by Senator Sani Musa, questioned the rationale behind the borrowing and demanded further transparency. The Immigration Service was specifically asked to provide documents regarding an “unacceptable PPP arrangement” before the end of the week.

The session underscored the government’s balancing act between increased revenues and fiscal challenges requiring external borrowing.

Why we’re borrowing despite surplus revenues – FG

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