BADAGRY ANGELS WIN LAGOS SOFTBALL TOURNEY . (PHOTOS). #PRESS RELEASE.

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 BADAGRY ANGELS WIN LAGOS SOFTBALL TOURNEY  Badagry Angels have been crowned champions of the Lagos U-15 Softball Championship held recently at the Badagry Grammar School playing field, Badagry. The five-day tournament, which began on November 11, 2024, ended on Friday, November 15 where eight teams participated in the competition designed to drive the growth of the sport at the grassroots level. As Champions of the tournament, Badagry Angels showcased their dexterity and skills against Rak Angels in the grand finale, maintaining their good position and dominance on the field before finally trouncing their opponents 9 runs to 1. Speaking after the presentation of medals to the champions, the Director-General, Lagos State Sports Commission (LSSC), Lekan Fatodu highlighted the significance of the tournament, which is bringing softball game closer to the suburb, to expand and implement Governor Babajide Sanwo-Olu's cardinal programme of inclusivity of all Lagosians, irrespective of th
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YESTERDAY I SPENT N100K ON FUEL- OSITA CHIDOKA. (PHOTO).

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 Yesterday, I spent ₦100,000 on fuel, nearly filling the tank of a Lexus 460 jeep. At ₦1,140 per litre, I realised this amount is ₦30,000 higher than Nigeria's ₦70,000 minimum wage. 


A minimum wage earner in Nigeria, working 8 hours a day for 20 days a month, earns approximately ₦437.5 per hour. It takes 2.6 hours of work to afford a litre of petrol. 


A young graduate earning ₦150,000 monthly requires 1.2 hours of work to purchase a litre. 


In comparison: 


Egypt: Fuel costs ₦443 per litre, and the monthly minimum wage is ₦202,400 (₦1,265 per hour). It takes 21 minutes of work to buy a litre. 


South Africa: Fuel is ₦2,480 per litre, and the minimum wage is ₦395,824 (₦2,320 per hour). It takes 1 hour and 4 minutes to buy a litre.


In Nigeria, a minimum wage earner needs 2.6 hours to buy a litre of fuel, compared to 21 minutes in Egypt and 1 hour and 4 minutes in South Africa. 


My take: Fuel prices in Nigeria may not be high by global standards, but it appears incomes are too low to sustain meaningful consumption. It’s time to rethink our economic growth and production strategies. 


*used ₦1600 as exchange rate 


Osita Chidoka

12 October 2024

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