Saturday, January 16

Tag: High Cost

High Cost Of Haulage From Lagos Port Rattles Importers, Manufacturers
Business

High Cost Of Haulage From Lagos Port Rattles Importers, Manufacturers

The cost of moving imports from Nigerian ports to other parts of the country has continued to rattle goods, manufacturers and operators of logistics. Experts have linked the exorbitant cost of movement of goods at the ports to the high cost of goods in the country, especially imported vehicles and consumables. Daily Trust findings showed that it costs around N1.6 million to transport a 40 feet container from Lagos to Kano from the previous N900, 000. The same 40 feet container costs N1.2 million to move to Abuja from the N800, 000 that was previously charged. A logistics expert, Alhaji Mohammed Danlami, described as “a nightmare”, the process of transporting containers and goods within and outside Lagos from the TinCan Port, in Apapa, Lagos. Truck hirers now pay at least N800, 00...
World Diabetes Day: Patients Groan Over High Cost Of Medication In Nigeria
Uncategorized

World Diabetes Day: Patients Groan Over High Cost Of Medication In Nigeria

As today marks World Diabetes Day, Nigerians suffering from the health condition have lamented the rising cost of drugs in managing the disease and called for government’s support. Out of the estimated 366 million people living with diabetes globally, Nigeria is said to account for 5 percent of its population (representing 10 million) as currently living with the disease, according to experts. Diabetes is a debilitating disease in which the insulin is either not adequate or poorly functional until one has excess of blood sugar which begins to destroy other tissues in the eyes, the brain, the skin, and all the blood vessels and the immune system is hindered in a negative way. Patients lament Mr. Yahaya Usman, who has been living with diabetes for the past 10 years said, accessing ...
FG Blames Police, Army, Customs For High Cost Of Food
News

FG Blames Police, Army, Customs For High Cost Of Food

Minister of Agriculture, Chief Audu Ogbeh, yesterday blamed officers and men of the Nigeria Police, Army and the Nigeria Customs Service at road blocks in the country for the skyrocketing prices of food items. The Minister, who stated this while appearing before the National Assembly Joint Committee on Agriculture and Rural Development, said unbearable extortion from truck drivers conveying farm produce to various urban centres in the country was responsible for the unending hike in food prices. He, however, noted that farmers, who were beneficiaries of the scandalous price increases across the country, kicked against moves by the Federal Government to effect reduction in the prices of food items. Ogbeh while lamenting the development in the food sector, said the unbearable ...