MAN FOUND UNCONSCIOUS AFTER ALLEGEDLY THROWING CHILDREN FROM STOREY BUILDING IN ABA. (PHOTO).

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  DEVELOPING STORY: Man Found Unconscious After Allegedly Throwing Children From Storey Building in Aba A man was reportedly found unconscious but still breathing after allegedly falling from a storey building at New Phase of Umuobe by Barracks, Opobo Road, Obignwa, Abia State. The incident, which occurred on Thursday, has caused panic among residents of the area. Eyewitnesses told Magic FM Aba that the man allegedly threw two of his children from the building before attempting to throw down his wife. However, the circumstances surrounding the incident remain unclear. The two children were reportedly rushed to a hospital for medical attention. As of the time of filing this report, Magic FM Aba could not independently confirm their condition or whether they survived the fall. The man, who sustained an injury to the head, was still lying in front of his house and had yet to receive assistance as of the time of this report. Witnesses said he was unconscious but still breathing. Reside...
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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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