Cooking gas costs N16,250, a 38% increase.

 

According to Vanguard's research, the price of cooking gas, also known as liquefied petroleum gas, or LPG, increased by 38% on a month-over-month (MoM) basis. A 12.5 kilogram cylinder now costs N16,250, up from N11,735.72 in January 2024.
Additionally, research revealed that the cost of 1 kilogram of gas rose from N950 to N1,300, a 37 percent rise.
According to the Nigeria Bureau of Statistics' most recent report, Liquefied Petroleum Price Watch, January 2024, the average retail price of N5, 139.25 was paid in January 2024, a 3.55 percent increase Month-on-Month (MoM), for refilling a 5-kg cooking gas cylinder, compared to N4 952.87 in December 2023.
Year over year, or YoY, this grew from N4.588.75 in the same month of 2023 to N5,139.25 in January 2024, a 12 percent rise.
According to the NBS, Nassarawa State recorded the highest average cost of N5, 790.00 to refill a 5 kg cooking gas cylinder. Jigawa State and Gombe State came in second and third, respectively, with N5, 681.82 and N5,660.00.
Conversely, Ogun and Osun States had the highest prices, at N4, 751.04 and N4, 763.53, respectively, while Kaduna State had the lowest price, at N4, 150.00.

 

 

Breaking: NLC suspends nationwide protest, extends ultimatum to FG

 

The nation wide protests organized by the Nigeria Labour Congress (NLC) that were earlier on Tuesday held in several federation states have been put on hold.
In a statement following the National Executive Council meeting, Labour claimed that the protest's first day of action had met its goals.
"Hence, NEC-in-session resolved as follows: to suspend street action for the second day of the Protest having achieved overwhelming success thus attained the key objectives of the 2-day protest on the first day," the bulletin states in part.

Recall that the elimination of the gasoline subsidy has caused economic hardship, rising inflation, food inflation, a forex problem, and a high cost of living in Nigeria, all of which have sparked protests in some regions of the nation.
On Monday night, the NLC insisted that the demonstration would go forward, so the presidency invited labor leaders to a last-minute meeting that resulted in deadlock.
However, the National Labor Council (NLC) shut down business operations throughout the nation on Tuesday. According to labor leader Joe Ajaero, the demonstration was about hunger rather than merely calling for a revision of the minimum wage.
"You have to understand it," Ajaero remarked. The topic of this protest is hunger. And those who don't have a job? When will the minimum wage be implemented? When is it going to be put into practice? What minimum pay will be necessary to end hunger?

The communiqué went on to say that "street action was suspended for the second day by the highest organ of the NLC."

 

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