PUTIN WOOS AFRICAN LEADERS AT SHOWCASE SUMMIT, SAYS RUSSIA IS BETTER PARTNER THAN 'COLONIAL' WEST. (PHOTO).

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 Putin woos African leaders at showcase summit, says Russia is better partner than 'colonial' West President Vladimir Putin told African leaders ​on Wednesday that Russia was their best partner, accusing what he cast as a colonial West of still trying ‌to exploit the continent's resources and using debt to hold back development, Reuters reported. The Kremlin chief was speaking at the third Russia-Africa Summit in Moscow, a two-day event attended by African leaders and government delegations from 48 countries, during which he will hold one-on-one talks with many of the 22 individual African leaders ​attending on everything from trade to security, arms deals and grain supplies. "Africa is increasingly asserting itself as one of the key players in the global economy and politics. However, the emergence of a multipolar world is, of ​course, no easy task; it faces resistance from countries that are not prepared to accept this reality: those who are accustomed to ​thinking i...
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NIGERIAN BAKERS KICKS OFF THEIR STRIKE TOMORROW THURSDAY THE 21ST OF JULY 2022 NATIONWIDE. (PHOTO).

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No Bread for You: Panic as Nigerian bakers begin strike over rising costs 

Bread makers have said it will begin a four-day warning strike tomorrow, July 21 to protest unbearable cost of doing business in Nigeria.

In a statement on Wednesday, the President, Premium Breadmakers Association of Nigeria (PBAN), Emmanuel Onuorah, said that operating a bakery in Nigeria has become near impossible as the incessant increase in the prices of baking materials and diesel rendered the industry comatose.

He added that members of his association comprising owners, managing directors and partners of premium bakeries in Nigeria are mostly running on huge losses and this is no longer sustainable.

“In a move to ensure the survival of the Premium breadmaking industry in Nigeria, we have decided to embark on a withdrawal of services beginning from Thursday 21st July, 2022 for four days in the first instance and where no intervention from the government, we shall escalate the duration of the withdrawal,” Onuorah said.

“The reasons for the withdrawal of services is as follows: Incessant increase in price of baking materials; Request Federal Government to stop charging 15 per cent Wheat development levy on wheat import; ;Request NAFDAC to review downwards the 154,000 naira penalty charged bakeries on late renewal of certificates; Grant members access to grants and soft loans being given by the Central Bank of Nigeria (CBN) to Minor, Small and Medium Scale Enterprises (MSMEs) and Stoppage of multi – agencies regulation of the breadmaking industry.”

He disclosed that efforts to ensure the survival of the industry led to series of meetings with the Federal Ministry of Industry, Trade and Investment, Abuja (FMITI) with sister association in the breadmaking industry in 2021.

Onuorah added that the best attempts to ensure that suggestions put forward for survival of the breadmaking industry has not yielded the desired result.



 

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