Business
Traders lament as fuel scarcity causes inflation in prices of Perishable goods
The persistent fuel scarcity, insecurity and foreign exchange restriction may have forced the prices of tomatoes, fresh pepper and chili pepper and other food items up by about 30 percent. Prices of the items had soared by 30 per cent in most markets in Lagos on Monday. The survey showed that a big basket of tomatoes which previously sold for N9, 100 at the Mile 12, Iddo and Whitesand markets now sells for N13, 000.
A medium-size basket of fresh pepper now sells for N8, 000.00, from N5,600, while a basket of chili pepper goes for N12, 000 as against N8,500 it sold the preceding weeks. A jute bag of onions goes for N33, 000 from N25, 000, while a 25-litre keg of vegetable oil goes for N8,800 as against N8,200 previously.
At the Daleko Market, Isolo, the prices of the various brands of a 50-kilogramme bag of rice, which previously sold at N9, 500 now sells for N12,000. Traders attributed the lingering fuel scarcity, insecurity, foreign exchange restriction and lack of storage facility as reasons for the increase in the prices of food items.
Mr Femi Odusanya, spokesman for Mile 12 Perishable Food Traders Association, said fuel scarcity had affected the movement and prices of goods to the Lagos market. “The number of trucks that bring goods to the market has reduced. “We get less than 10 trucks from the 40 trucks that usually bring goods to the market daily because there is no fuel to transport the goods to Lagos.
“The delay affects the goods as most of them rot before they get to the market. Traders usually add the expected margin to minimise their losses,’’ he said. Odusanya urged the government to address the issue of recurring fuel scarcity, post harvest storage of goods and improved mechanised farming to sustain food security.
Alhaji Tajudeen Saka, a butcher, attributed the increase in the price of livestocks to the insecurity in the north-east and cost of transporting cows to the southern parts of the country. He said: “The Boko Haram insurgency in the North-East, the clash between Fulani herdsmen and some communities are factors that have affected the rearing of livestocks’’.
Mrs Iyabo Adebowale, a cloth seller at Docemo market, said sales had dropped. “We pray and hope that business activities will improve in the few days preceding Christmas celebration.’’
Business
Valentine Season: Adron Homes Encourages Nigerians to Build Lasting Love Through Real Estate
Valentine Season: Adron Homes Encourages Nigerians to Build Lasting Love Through Real Estate
Adron Homes and Properties has continued its ongoing “Love for Love Promo” as part of its Valentine season initiatives, encouraging couples, families, and investors to move beyond traditional gifts by embracing shared property ownership as a lasting expression of commitment and financial stability.
The company stated that the promo, which has been running throughout the Valentine period, was designed to inspire Nigerians to build long-term value and legacy through real estate investments. It noted that the initiative offers attractive discounts, flexible payment options, and a variety of exclusive gift items across its estates and housing projects nationwide.
Under the promo structure, clients who pay ₦100,000 receive cake, chocolates, and a bottle of wine, while those who pay ₦200,000 receive a Love Hamper. Subscribers who commit ₦500,000 receive a Love Hamper with cake, and those who pay ₦1,000,000 enjoy a choice of a Samsung phone or a Love Hamper with cake.
The incentives increase with higher commitments. Clients who pay ₦5,000,000 receive either an iPad or a romantic couple’s getaway at a top Nigerian hotel, while payments of ₦10,000,000 come with options including a Samsung Z Fold 7, a three-night stay at a premium resort, or a full solar power installation.
High-value investors are also rewarded, as clients who pay ₦30,000,000 on land receive a three-night couple’s trip to Doha or South Africa. At the same time, purchasers of houses valued at ₦50,000,000 are presented with a double-door refrigerator, further reflecting the company’s focus on combining lifestyle experiences with strategic investments.
The company added that the promo covers estates located in Lagos, Shimawa, Sagamu, Atan–Ota, Papalanto, Abeokuta, Ibadan, Osun, Ekiti, Abuja, Nasarawa, and Niger states. It reiterated its commitment to secure land titles, affordable pricing, and prime locations, urging Nigerians at home and in the diaspora to take advantage of the ongoing Valentine campaign to build a future rooted in love, security, and prosperity.
Business
14 Reasons Nigerians Should Own Property with the Trusted Real Estate Brand
14 Reasons Nigerians Should Own Property with the Trusted Real Estate Brand
As part of activities marking its 14 years of transforming Nigeria’s real estate landscape, Adron Homes and Properties has unveiled 14 compelling reasons why individuals and families should consider owning property with the company reinforcing its commitment to accessible, stylish, and sustainable homeownership.
In a statement released by the company, Adron Homes described property ownership not just as an investment but as a strategic lifestyle decision rooted in long-term security, wealth creation, and community development. The company noted that over the past 14 years, it has remained consistent in providing affordable housing solutions while delivering well-planned estates that cater to diverse income levels.
According to the statement, Adron Homes’ success is anchored in its strong value proposition, which ranges from affordable pricing and flexible payment structures to prime estate locations nationwide. The company emphasized that its gated communities are designed with security, modern architectural standards, and structured infrastructure that ensure comfort and functionality for residents.
Adron Homes further highlighted its transparent documentation process and verified property titles, which have continued to boost investor confidence and encourage long-term property ownership among Nigerians at home and in the diaspora. The company added that its developments are intentionally designed to promote thriving communities, environmental sustainability, and long-term urban planning.
With a proven track record of helping thousands of customers achieve their property dreams, Adron Homes reaffirmed its commitment to delivering high-value investments that appreciate over time while maintaining strong customer service support from initial inquiry to allocation and beyond.
The organisation also noted its culture of appreciation for clients, partners, and staff through consistent reward programmes and promotional incentives. This strategy has strengthened loyalty and deepened engagement across its growing customer base.
Reflecting on its 14-year journey, Adron Homes reiterated that its mission goes beyond selling land and houses; it focuses on building vibrant communities where families thrive, investments grow, and futures are secured. The company encouraged Nigerians to take advantage of its flexible ownership opportunities, stressing that the best time to invest in property is now.
As it continues to expand its footprint across Nigeria, Adron Homes remains committed to innovation, excellence, and redefining the real estate experience through sustainable developments that stand the test of time.
Business
Ogun Unveils Plan for ₦1bn AI-Driven Digital Classroom at Remo Secondary School
Ogun Unveils Plan for ₦1bn AI-Driven Digital Classroom at Remo Secondary School
The Ogun State Government has announced plans to deliver a 900-capacity, Artificial Intelligence-enabled digital learning complex at Remo Secondary School, Sagamu, in a move aimed at strengthening technology-based education across the state.
Governor Dapo Abiodun disclosed activities marking the institution’s 80th anniversary, noting that the proposed facility represents a deliberate investment in modern learning infrastructure designed to prepare students for a rapidly evolving, knowledge-driven global economy.
He explained that the digital classroom project complements ongoing smart-education initiatives within the school, which already features a functional resource centre and a state-of-the-art robotics laboratory established to nurture innovation, problem-solving skills, and digital competence among learners.
Reaffirming his commitment to the school’s growth, the governor announced a financial pledge of ₦100m, stating that ₦50m representing half of the amount would be released immediately to kick-start development efforts. He also assured stakeholders that at least one of the outlined projects would be fully executed before the end of his administration.
Abiodun further disclosed that the state government had upgraded the school’s science laboratories, equipping them with modern facilities and teaching tools to ensure safer and more effective practical learning experiences for students.
He added that renovation works had also been completed on both the male and female hostels to improve accommodation standards, enhance security, and promote the overall well-being of boarding students.
Describing Remo Secondary School as a symbol of enduring heritage, the governor said the anniversary celebration went beyond mere commemoration of years of existence, emphasising the institution’s long-standing role in shaping generations of leaders and professionals.
He praised members of the old students’ association for their unwavering support and contributions to the school’s development, stressing that their collective efforts demonstrate a shared commitment to sustaining its legacy of excellence.
According to him, the projects and improvements carried out at the school reflect a strong belief in education as a foundation for future growth, as well as the power of collaboration between government, alumni, and the wider community.
Abiodun also revealed that the institution had been recognised as one of Ogun State’s model schools, urging students to remain focused on their academic pursuits, uphold strong moral values, and continue the tradition of excellence for which the school is known.
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