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Prices of Food Items To Reduce By June -Rewane

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Bismark Rewane, Nigerian’s Prominent economist, has foretell a fall in the price of food items such as rice, bread and others in the coming days.

 

 

 

 

Rewane said the policies of the Central Bank of Nigeria (CBN) are sure to yield positive results for the economy.

 

 

 

 

In his view, food and core inflation are beginning to show signs of improvement.

 

 

 

 

He pointed out that the cost of a bag of rice is on the downward trend at the moment, and he predicted a further reduction after the Ramadan fast.

 

 

 

 

He added that the cost of a loaf of bread is also on the decrease and further expected to continue the downward trend.

 

 

 

 

The economist made the prediction as part of his words as a guest on Channels Television’s News during the week where he reviewed the recent hike in interest rates by the CBN.

 

 

 

 

According to him, “Now, let’s go down. In February, a bag of rice was N80,000. It went up to N95,000 and now it’s down to N88,000 a bag. We expect by June, it will come down to N85,000 because Ramadan and fasting are over. Now, the price of a loaf of bread is 1,300 in February, it is now at 1,600. We expect it to drop to 1400.”

Food

Kano Seals Warehouses ‘Hoarding’ Noodles, Sugar, Grains

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Kano State’s Public Complaint and Anti-Corruption Commission has raid and sealed off five warehouses in Dawanau, Dawakin Tofa Local Government Area.

 

According to Daily Trust reports, these warehouses were found to be hoarding essential food items, such as grains, noodles, and sugar.

 

Notably, warehouses containing soybeans, sesame, wheat bran, and Okra seeds were left untouched during the operation led by the Commission’s Chairman, Barrister Muhuyi Magaji Rimin Gado, which caught the warehouse owners off guard.

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Food

Oyo Govt. Distributes 16,000 Bags of Maize To Poultry Farmers

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Oyo State Government on Friday, began the distribution of over Sixteen thousand (16,000) bags of grains (maize) to poultry farmers across the state, under the Sustainable Action for Economic Recovery (SAfER).

According to the Commissioner for Agriculture and Rural Development, Barrister Olasunkanmi Olaleye the grains are being distributed to One Thousand, Six hundred and Ninety-one (1691) farmers.

He said it will cushion the hardship induced by the removal of fuel subsidy and increase in the pump price of petrol.

Unveiling the distribution of the grains at Ibadan South West Local Government premises, Olaleye revealed that the move was for food security under SAfER programme to alleviate suffering arising from the subsidy removal on petrol (PMS) in the country.

The Commissioner who is also a member of Oyo State Sustainable Action for Economic Recovery (SAfER), hinted that free maize grains distribution to poultry farmers in the state would go a long way in alleviating the problem of high cost of poultry feeds and availability of maize input in the poultry business.

Olasunkanmi equally explained that the beneficiaries were selected from the 33 local governments in the state, stressing that this was part of government’s effort in bringing down cost of poultry product; ensure poultry farmers remain in business and for Oyo State to maintain its first position in poultry business.

Admonishing the beneficiaries to make good use of the intervention inputs, the Commissioner explained that each beneficiary would go home with 8 bags of 50kg maize grains, while a total of 1691 poultry farmers would benefit from the first phase that would run through the weeks.

In his remarks, the Chairman, Ibadan North West Local Government, Hon. Rahman Adepoju commended the government for being compassionate to the people of the state, most especially in this hard period facing the country.

He therefore enjoined the beneficiaries (poultry farmers) to ensure the free grains have positive effects on poultry business in the state and the country at large.

Speaking on behalf of the Poultry Association of Nigeria (PAN), Oyo State Chapter, Mr. Wole Olulade expressed the association’s gratitude to the state government.

He noted that the high cost of poutry inputs have made many poultry farmers quit the business, adding that the gesture would go a long way in sustaining people in the poultry business.

Also the Chairman, Turkey Farmers Association of Nigeria, Mr. Akinwumi Akinwande Ilori and Mrs. Mojisola Opeyemi pledged to make use of the grains as this would encourage poultry farmers continue in the business and reduce hardship faced by farmers in the state.

 

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Food

Ibadan Chops ‘n’ Chills Set To Ignite Ibadan’s Culinary Scene This December

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Ibadan Chops ‘n’ Chill, the most significant gathering of over 5,000 food enthusiasts in Ibadan is set to hold in the city of Ibadan this December.

 

The event which is billed to hold at the prestigious Ibadan Polo Club offers an irresistible assortment of culinary delights, workshops, competitions, and entertainment.

 

 

As an event seen as a grand celebration of flavours and culinary talent, Ibadan Chops ‘n’ Chill is poised to take Ibadan by storm, inviting over 5,000 food enthusiasts to savour the city’s finest cuisine. More than just a food festival, this event aims to serve as a springboard for local chefs while positioning Ibadan as a culinary powerhouse within Nigeria’s burgeoning fast-food industry, currently valued at a staggering N250 billion ($602.5 million) by the Association of Fast-Food Confectioners of Nigeria (AFFCON).

 

At the helm of this culinary exhibition is the convener Chiwendu Festus Wendy, CEO Wendy’s Kitchen, who passionately stated, “Ibadan Chops ‘n’ Chill is on a mission to create a platform for talented chefs to emerge and establish Ibadan as a culinary force in Nigeria. This inaugural event promises to be a feast for the senses, introducing over 5,000 food lovers in Ibadan to the exciting world of flavours and entertainment.”

 

 

What’s on the Menu?

 

Ibadan Chops ‘n’ Chill, the most significant gathering of over 5,000 food enthusiasts in Ibadan, offers an irresistible assortment of culinary delights, workshops, competitions, and entertainment. The event will feature an extensive selection of delectable dishes from both local and international cuisines, all gathered under one roof, ready to delight and entice taste buds. Expert chefs will lead engaging cooking workshops, revealing their culinary styles and demonstrating how effortless it is to craft exceptional dishes.

 

 

 

 

 

What’s more? Ibadan’s beloved radio presenters will step into the culinary ring in an intense cook-off, competing fiercely for the prestigious culinary crown. That’s not all; get to explore food and lifestyle exhibits that showcase the latest in culinary innovations, from modern kitchen gadgets to mouthwatering delights. Food photography enthusiasts will have the chance to shine in the Ibadan Chops ‘n’ Chill food photography contest, while live music and captivating performances will maintain the festive atmosphere throughout the day.

 

 

When and Where?

 

Set your calendars for Saturday, December 9, 2023, as all roads lead to the Ibadan Polo Club in Eleyele, Ibadan, for this culinary extravaganza.

 

Whether you’re a food lover, a brand seeking exposure, interested in sponsorship or partnerships, or simply looking for a fantastic time, Ibadan Chops ‘n’ Chill promises something exciting for everyone.

 

 

 

For inquiries, sponsorships, or further event details, reach out at info@ibadanchopsnchill.com. Phone number: +234 913 0873 471

 

Get Ticket: www.ibadanchopsnchill.com

 

Stay updated through their social media channels:

 

Instagram: @ibadan.chopsnchill

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