News

Price of 5kg cooking gas rise to N6,699.63 in September – NBS

Published

1 month ago

October 18, 2024

By Francesca Hangeior

The National Bureau of Statistics (NBS) has said that the average price of 5kg of cooking gas increased from N6,430.02 recorded in August to N6,699.63 in September 2024.

This is contained in the Bureau’s “Cooking Gas Price Watch’’ for September 2024, released on Friday in Abuja.

The report said the September price represented a 4.19 per cent increase, compared to what was obtained in August.

The NBS said the average price of 5kg of cooking gas increased on a year-on-year basis by 59.90 per cent from N4,189.96 in September 2023 to N6,699.63 in September 2024.

On state profile analysis, the report showed that Rivers recorded the highest average price at N7,285.71, followed by Gombe at N7,271.88, and Borno at N7,089.72.

It said on the other hand, Kebbi recorded the lowest price at N5,950.00, followed by Kano and Benue at N6,133.33 and N6,143.52, respectively.

Analysis according to the six zones showed that the North-East recorded the highest average retail price at N6,929.02 for 5 kg of cooking gas, followed by the South-East at N6,893.47.

“The North-West recorded the lowest average retail price at NN6,382.30,” the NBS said.

Also, the NBS said the average retail price for refilling a 12.5kg cooking gas increased by 4.89 per cent on a month-on-month basis from N15,552.56 in August 2024 to N16,313.43 in September.

The report said the average retail price for 12.5kg cooking gas rose by 76.41 per cent on a year-on-year basis from N9,247.40 recorded in September 2023 to N16,313.43 in September 2024.

State profile analysis showed that Rivers recorded the highest average retail price of N17,992.86, followed by Gombe at N17,942.86 and Zamfara at N17,475.00.

On the other hand, the report showed that the lowest average price for 12.5kg of cooking gas was recorded in Adamawa at N13,983.33, followed by Nassarawa and Bauchi with N14,938.50 and N15,000.00, respectively.

Analysis by zone showed that the South-East recorded the highest average retail price of N16,957.29, followed by the South-West at N16,665.45.
The report said the North-East recorded the lowest price at N15,770.75.

Similarly, the NBS said the average retail price per litre of kerosene increased to N1,957.44 in September 2024 on a month-on-month basis, showing an increase of 5.97 per cent, compared to the N1,847.59 recorded in August 2024.

According to its National Kerosene Price Watch for September 2024 on a year-on-year basis, the average retail price per litre of kerosene rose by 50.68 per cent from N1,299.03 in September 2023.

On state profile analysis, the report showed that Abuja recorded the highest average price at N2,816.67 per litre of kerosene in August, followed by Kaduna at N2,437.50 and Akwa Ibom at N2,411.11.

“On the other hand, the lowest price was recorded in Bayelsa at N1,416.67, followed by Borno at N1,477.83 and Ekiti at N1,635.00.”

The NBS said the analysis further showed that the North Central recorded the highest average retail price per litre of kerosene at N2,194.05, followed by the North-West at N2,092.92.

It said the South-East recorded the lowest average retail price per litre of kerosene at N1,718.89.

The report said the average retail price per gallon of kerosene paid by consumers in September 2024 was N6,818.1, indicating an increase of 5.84 per cent increase from N6,441.94 recorded in August 2024.

“On a year-on-year basis, the average price per gallon of kerosene increased by 55.69 per cent from N4,379.31 in September 2023.

On state profile analysis, it showed that Katsina recorded the highest average retail price at N8,400 per gallon of kerosene, followed by Jigawa at N8,100.00 and Kebbi and Ogun at N8,000.00.

The report said Nasarawa recorded the lowest price at N5,250.00, followed by Adamawa and Niger at N5,281.25 and N5,291.67, respectively.

Analysis by zone showed that the North-West recorded the highest average price per gallon of kerosene at N7,809.52, followed by the South-East at N7,700.19.

“North-Central recorded the lowest average price per gallon of kerosene at N6,092.77,” the NBS said.

News

Reps Urge FG To Make Available Reliable Data On Housing Deficit

Published

7 hours ago

November 26, 2024

Gloria Ikibah

By Gloria Ikibah

The House of Representatives has called on the Federal Government to provide scientific, verifiable data on the housing deficit and improve access to affordable housing in the Nigeria.

This resolution was sequel to the adopting of a motion by Rep. Emmanuel Ukpong-Udo, member representing Ikono/Ini Federal Constituency of Akwa Ibom State, on the “Provision of affordable housing in Nigeria,” Tuesday at plenary.

Rep. Ukpong-Udo who noted that data is considered an important factor in the planning and execution of projects across all tiers of government, said the housing sector in Nigeria, with a huge deficit, lacks veritable data for planning and execution of housing policies and strategies.

He stated: “The House is aware that according to the world population review, over 24 million people in Nigeria are homeless, with no appropriate access to proper dwelling with some basic social amenities.

“The House is worried that Nigeria is among the top 10 countries with homeless populations, leading with 24 million, followed by Pakistan, Egypt, Syria, and Congo.”

The House also expressed displeasure that the country relies on the World Bank report for housing data, and that for a nation to grow and enjoy stability, there is the need to have its housing data as well as a market that works efficiently and provides decent shelter for its citizens.

The House unanimously adopted the motion and mandated its Committee on Housing and Habitat to liaise with the Federal Ministry of Housing and Urban Development to address the lack of credible, scientific, and verifiable data on the state of housing in the country and ensure access to decent and affordable housing.

News

Provide Adequate Security For Transmission Towers Across Nigeria – Reps Tell FG

Published

7 hours ago

November 26, 2024

Gloria Ikibah

By Gloria Ikibah

The House of Representatives has charge the Federal Government through the Ministry of Interior, to urgently provide adequate security for Transmission Towers across the country to avoid future occurrences of vandalism.

This was sequel to the adoption of a motion of urgent public importance by Rep Oboku Oforji, lawmaker representing Yenagoa/Kolokoma-Opokuma federal constituency of Bayelsa State on Tuesday at plenary.

In his lead debate, Rep. Oforji noted that on July 29, 2024, residents of Yenagoa and Bayelsa State in general woke up to a total blackout occasioned by the collapse of a Transmission Station between Emezhi and Mbaima in Ahoada East Local Government Area of Rivers State and three others between Igbogene and Nedugo Agbia in Yenagoa Local Government Area of Bayelsa State.

According to him, the Bayelsa State Government in collaboration with the Transmission Company of Nigeria, swiftly swung into action to address the challenges that has culminated in dwindling of socio-economic activities in the state.

He further noted that saddened that on the 19th of November, 2024, just as the work was nearing completion, at Ula-Akpata, in Ahoada East Local Government Area of Rivers State, some hoodlums went and vandalised a section of the lines.

The motion reads in part: “By this development, the woes of the residents of Bayelsa State still subsist for one or two days, because as we speak the people of the State are in total blackout, this has been the situation for over 4 months.

“The efforts of the Bayelsa State Government in mobilizing financial and material resources to support the Transmission Company of Nigeria (TCN) is highly commended. However, proactive measures must be taken to forestall future occurrences of vandalism of these Transmission Towers.

“As a representative of my people this brings to mind the provisions of Chapter II of the 1999 Constitution of Nigeria (as amended) which talks about our economic and social rights as citizens, which I believe should not be taken for granted by the government”.

The House adopted the motion and mandated its Committees on Interior and Power to ensure compliance.

News

JUST IN: Tinubu Heading For France

Published

9 hours ago

November 26, 2024

Naijablitznews

President Bola Ahmed Tinubu will depart Abuja on Wednesday for a state visit to France.

According to Bayo Onanuga, Special Adviser to the President on Information and Strategy, President Emmanuel Macron invited his Nigerian counterpart to the European country.

Onanuga said the three-day visit will focus “on strengthening political, economic, and cultural relations and establishing more opportunities for partnership, particularly in agriculture, security, education, health, youth engagement and employment, innovation among others”.

“President Tinubu who will be traveling with the First Lady Sen. Oluremi Tinubu, will be received on Thursday at the 350-year-old French military museum, Les Invalides and Palais de l’Élysée, by Macron and his spouse, Brigitte, for initial ceremonies that will dovetail into bilateral meetings.”

“During the visit, President Tinubu and President Macron will harmonise positions on stimulating more interest in exchange programmes that focus on skill development for youths and improving their competencies in automation, entrepreneurship, innovation, and leadership.

“Both leaders will participate in political and diplomatic meetings highlighting shared values on finance, solid minerals, trade and investments, and communication. They will also witness a session by the France-Nigeria Business Council, which oversees private sector participation in economic development.

“Brigitte and Nigeria’s First Lady will discuss the latter’s passion for empowering women, children, and the most vulnerable through the Renewed Hope Initiative,” the statement read.

Tinubu and his wife who will be hosted to a state dinner by the French leader before their departure, will be accompanied by top government officials.