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Cement Price: FG promises to fix roads, reduce import duties
Cement Price: FG promises to fix roads, reduce import duties
The Federal Government says it will give more attention to fixing roads and seek some remedies on cost of gas and import duties to bring down the astronomical price of cement nationwide.
This is part of the communiqué that was reached during a meeting between the government and the major cement manufacturers on Monday in Abuja.
Sen. David Umahi, Minister of Works and his counterpart, Minister of Trade and Investment, Mrs Doris Uzoka-Anite and the three major cement manufacturers – Dangote Plc, BUA Plc and Lafarge Plc signed the communiqué.
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According to the document, government has taken note of the challenges enumerated by the manufacturers which include, cost of gas, high import duty on spare parts, bad road network, high foreign exchange and smuggling of cement to neighbouring nations.
Therefore, the meeting concluded that the Federal Ministry of Industry, Trade and Investment would seek some remedies from President Bola Tinubu on the cost of gas and import duties.
The Federal Ministry of Works would give more attention to fixing of the roads, especially around the locations of the manufacturers.
On cement smuggling, the Federal Ministry of Industry, Trade and Investment was to deepen the engagement with the National Security Adviser on how to stop the menace.
The meeting also agreed that the current high price of cement was abnormal in some locations nationwide.
“Ideally, cement retail prices should not cost more than ₦7,000.00 to ₦8,000.00/ 50kg bag of cement.
Therefore, the three cement manufacturers: Dangote Cement Plc, BUA Cement Plc and Larfarge Africa Plc have agreed that cement cost should not be more than between ₦7,000.00 and ₦8,000.00/50kg bag, depending on the location.
In addition, government advised cement manufacturers to set up a price monitoring mechanism to ensure compliance, and manufacturers have willingly accepted to do so and sanction any distributor or retailer found wanting.
Government expects the agreed price to drop after securing its interventions on the challenges of the manufacturers on gas, import duty, smuggling and better road network.
Furthermore, they agreed that at least six more players had to be introduced into the cement manufacturing sector to make the market more competitive and product more available.
The BUA representative, Mr Kabiru Rabiu, Group Executive Director, disclosed that BUA was preparing to release 6 million tonnes of cement within the next three weeks to make the product more available nationwide.
The stakeholders agreed to reconvene in 30 days to review progress made.
Cement price: FG promises to fix roads, reduce import duties
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China accuses Biden of tariffs hike on electric cars
China accuses Biden of tariffs hike on electric cars
China has accused U.S. President Joe Biden of slapping new tariffs on Beijing as part of his re-election campaign and threatened retaliation.
“The U.S. should immediately correct its wrong practices and cancel the additional tariffs imposed on China,’’ a statement from the Beijing Ministry of Commerce said.
China would “take resolute measures to defend its own rights and interests after the U.S. decided to take this step due to domestic political considerations.’’
The U.S. is increasing tariffs on electric cars from China from 25 per cent to 100 per cent as part of a crackdown on Chinese imports, with solar cells, semiconductors.
Harbour cranes and certain medical products were also affected.
The official Chinese state news agency Xinhua added.
“The newly announced tariff increase is mainly a symbolic gesture by which the Biden administration is trying to play tough with China amid the increasingly fierce election campaign for the presidential candidacy.’’
The current tariffs, which were first introduced by former U.S. president and current Biden challenger Donald Trump in 2018 and have now been increased by the Biden administration.
The Biden administration already effectively kept Chinese vehicles out of the U.S. car market.
The Chinese state broadcaster CCTV spoke of an abuse of trade protectionist measured by the U.S. which would seriously hinder the modernisation of the U.S. car industry.
Negative effects are also to be expected for consumers, CCTV said, adding that the moves would also undermine global efforts to combat climate change.
The U.S. presidential election is coming up in November.
China accuses Biden of tariffs hike on electric cars
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Man strapped with explosive found in a Nigerian Bank in Plateau
Man strapped with explosive found in a Nigerian Bank in Plateau
By: Zagazola Makama
A middle aged man is reportedly found in a Nigerian Bank in Dadin Kowa town in Jos South in Plateau state with belts packed with what appeared to be a Person Borne Improvised Explosive Device(SPBIED).
It was gathered that he was apprehended on May 13, 2024, when the suspect was found with an apparent bomb strapped to his body to detonate at the Bank.
Intelligence sources told Zagazola Makama, a Counter Insurgency Expert and Security Analyst in the Lake Chad region that the vigilante Security at the bank prevented the attack after they spotted the suspects.
They immediately apprehended him before he could achieve his aim. The suspect was later surrounded by an angry mob who demanded that he should be killed immediately.
It is, however, not clear if the suspect is linked with the Islamic State of the West African Province or Boko Haram. He was taken to the Police station where he was undergoing investigation.
Man strapped with explosive found in a Nigerian Bank in Plateau
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Islamic Cleric Adamu Calls for Ban of GMOs in Nigeria
Islamic Cleric Adamu Calls for Ban of GMOs in Nigeria
In recent times, the debate surrounding genetically modified organisms (GMOs) has sparked controversy and ethical concerns worldwide. Sheikh Kabiru Adamu, a prominent figure from the al-Hikma Islamic Foundation for Justice, has taken a firm stance against GMOs, calling for their prohibition in Nigeria. Citing religious beliefs and ethical considerations, Sheikh Adamu asserts that GMOs go against the teachings of Islam and the will of Allah.
Quoting from the Quran to support his position, Sheikh Adamu emphasized the importance of preserving nature and adhering to the natural order ordained by Allah. In Surah Ar-Rum, verse 30:41, the Quran states, “Corruption has appeared throughout the land and sea by [reason of] what the hands of people have earned so He may let them taste part of [the consequence of] what they have done that perhaps they will return [to righteousness].” Sheikh Adamu interprets this verse as a warning against tampering with the natural world, as GMOs are seen as a form of corruption that disrupts the balance of nature.
Furthermore, Sheikh Adamu labels GMOs as “Haram” in Islam, meaning forbidden or unlawful. Quoting from Surah Al-Ma’idah, verse 5:90, which states, “O you who have believed, indeed, intoxicants, gambling, [sacrificing on] stone alters [to other than Allah], and divining arrows are but defilement from the work of Satan, so avoid it that you may be successful.” He draws parallels between the prohibition of intoxicants and GMOs, suggesting that both are deemed impure and contrary to the teachings of Islam.
Sheikh Adamu goes on to criticize agencies that advocate for the use of GMOs, accusing them of serving the interests of malevolent forces. Drawing on Quranic teachings regarding the influence of evil, he references Surah Al-Baqarah, verse 2:268: “The devil promises you poverty and orders you to immorality, while Allah promises you forgiveness from Him and bounty. And Allah is all-Encompassing and Knowing.” Sheikh Adamu suggests that the promotion of GMOs by certain entities is a manifestation of the devil’s deception, aimed at harming Muslim communities and undermining their well-being.
Moreover, Sheikh Adamu raised concerns about the alleged intentions behind the development of GMOs, asserting that they are designed to diminish Muslim populations, particularly in the Northern regions of Nigeria. Quoting from Surah Al-Anfal, verse 8:30, “And [remember, O Muhammad], when those who disbelieved plotted against you to restrain you or kill you or evict you [from Makkah]. But they plan, and Allah plans. And Allah is the best of planners.” He warns against the hidden agenda of those promoting GMOs, suggesting that their ultimate goal is to weaken Muslim communities and disrupt the natural order established by Allah.
Sheikh Kabiru Adamu’s call for a ban on GMOs in Nigeria reflects a deeply rooted concern for the ethical implications of tampering with nature and the potential harm posed to Muslim communities. By invoking Quranic verses and teachings, he highlighted the importance of upholding Islamic values and principles in the face of technological advancements that may conflict with religious beliefs.
Islamic Cleric Adamu Calls for Ban of GMOs in Nigeria
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