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The Nigeria Customs Service says it is investigating a “chaotic situation” that reportedly led to loss of lives at its Lagos office Friday, just as it kicked off the sale of bags of ...
The price of a 50 kg bag of rice has increased from 32,000 Naira (64 US-Dollars) to 48,000 Naira (96 US-Dollars) in the second half of 2022, representing 50% inflation as many Nigerian rice farms have been flooded in October 2022.
The government proposed a 100% increase of the minimum wage from ₦30,000 to ₦60,000, but the unions rejected this as "unsustainable" and demanded a larger increase. [2] According to BBC News, the monthly cost of the average Nigerian family's rice consumption is greater even than the government's proposed raised minimum wage. [3]
The Federal Surplus Commodities Corporation was one of the so-called alphabet agencies set up in the United States during the 1930s as part of President Franklin D. Roosevelt's New Deal. Created in 1933 as the Federal Surplus Relief Corporation , its name was changed by charter amendment on November 18, 1935.
The cost to the government of the price support is equal to the cost of the surplus in the market (represented in gray). 6 * 200 = $1200 However, since the consumers ultimately pay taxes for the government to purchase the surplus, the total cost to consumers (in the short run) of the price support is the sum of the loss in consumer surplus and ...
Naka Benue Nigeria is the headquarters of Gwer West Local Government Area of Benue State, Nigeria.It has been known as the highest producer of Honey and Rice in the state. It has an area of 1,094 km² and a population of 122,145 at the 2006 cens
Prices for food items such as rice, beans, fruit and condensed milk have gone up 50 percent in Haiti since late 2007 while the price of fuel has tripled in only two months. [124] Riots broke out in April due to the high prices, and the government had been attempting to restore order by subsidizing a 15 percent reduction in the price of rice.
A farmer and his cow. The majority of herders in African countries are livestock owners. Livestock farming is a part of Nigeria's agriculture system. In 2017, Nigeria had approximately over 80 million poultry farming, 76 million goats, 43.4 million sheep, 18.4 million cattle, 7.5 million pigs, and 1.4 million of its equivalent. [26]