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According to the National Bureau of Statistics, Nigeria’s inflation rate climbed to 29.90 per cent in January 2024 from 28.92 per cent recorded in the previous month.
Human rights lawyer, Femi Falana, SAN, has explained how several laws imposed a duty on the federal and state governments in Nigeria to regulate and control prices of fuel and goods in the country. Falana made the explanation in a statement released on Tuesday as part of his reaction to the rising costs of living in Nigeria and the impacts of the President Bola Tinubu-led government’s actions and policies on the country’s economy.
Not a few defenders of neoliberalism have criticised the judgment of the Federal High Court in the case of Femi Falana SAN v Attorney-General of the Federation for directing the Federal Government to fix the prices of essential commodities in the country.
This was contained in a statement signed by the Chamber’s Director General, Dr. Chinyere Almona, on Thursday.
Olatunde Odunowo is a poultry farmer based in Abeokuta, Ogun State, who had invested over N500m into the business. As the practice in that line of business, he didn’t want to take risk, so, he approached an insurance company to indemnify