FG TO PRIORITIZE RESOURCE ALLOCATION IN THE FACE OF LOW OIL PRICES. (PHOTO). #PRESS RELEASE

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 PRESS RELEASE  FG TO PRIORITIZE  RESOURCE ALLOCATION IN THE FACE OF LOW OIL PRICES The Federal Government of Nigeria will pursue diversification of its revenues and adopt greater prudent resource allocation measures to mitigate the impact of low oil prices should it continue, according to Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. Speaking at a meeting with investors during the ongoing IMF/World Bank Spring Meetings in Washington DC yesterday, Mr Wale Edun emphasized that with the recent reforms embarked upon by the present administration, Nigeria is better positioned to deal with global economic uncertainties. The meeting was also attended by the Chairman, Senate Committee on Finance, Senator Mohammed Sani Musa; the Deputy Chairman of the House of Representatives Committee for Finance, Hon. Saidu Musa Abdullahi; the Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso; the Permanent Secretary of the Federal Ministry of Finan...
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HIKE IN FLOUR PRICE: 'GURASA' SELLERS DOWN TOOLS IN KANO. (PHOTO)

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 Hike In Flour Price: ‘Gurasa’ Sellers Down Tools In Kano


Manufacturers of ‘Gurasa’ – a local bread in Kano down tools on Friday over hike in the price of flour.


According to the leader of the Gurasa Manufacturers Association, Fatima Auwal Chediyar Yan Gurasa, they chose to embark on an indefinite strike until the market becomes favourable.


She said, “The price of the flour which is our major commodity is too high. The price of a bag of flour is now more than N40,000. What are we going to do?”


She pointed out that the majority of the manufacturers were single mothers fending for their families, but the price of flour is now threatening their capital.


“Before the people selling the flour tonus used to give us on credit and we pay after sale, but they don’t do that anymore.


“The essence of this peaceful protest is to draw the attention of authorities that we are facing serious trouble. We will soon be out of business if something is not done. Already the business is not that strong and flour is about to pin us down.


“Most people that are less privileged feed on Gurasa because they cannot afford bread so it is not us alone but the masses also who rely on us to feed.”


Above are pictures of the protesters

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