Dangote Price of cement increases from 50kg bag for 8800 thousand naira to Ten thousand naira in some states. The price inflation has sparked concerns as it affects construction workers and homebuilders.

Earlier in the year, the House of Representative summoned popular cement manufactures and addressed the issue of price. However the prices still remains and unchanged and increases, leaving building materials expensive.

Muslim scholars in Mushin, Lagos, under the League of Islamic Leaders, have launched an initiative called the Market of Convenience (MFC) to provide food items at more affordable prices.

The market, designed to ease the financial burden on Lagos residents, particularly Muslims, aims to serve as a community-driven solution to Nigeria’s rising economic challenges.

During a one-day sensitization program in Lagos, the Convener and Chairman of the MFC initiative, Alhaji Musoddiq Sanni, called on religious leaders to support the project.

He emphasized that the market was created to offer an alternative shopping experience for essential food items while promoting fairness in trade.

Sanni explained, “This market is not just about selling food; it’s about creating an avenue where justice and fairness in business transactions, as instructed by Allah in the Qur’an, are upheld.”

The MFC, which has been officially registered with the Corporate Affairs Commission and the Lagos State Ministry of Agriculture, represents a significant step toward addressing the economic hardship faced by many Nigerians.

Sanni mentioned the importance of establishing branches of the market across Lagos, including in Ikeja, to expand access to affordable food items.

He encouraged religious leaders in Ikeja to replicate the model in their communities, emphasizing that such initiatives align with the values of the Muslim community.

Alhaji Sulaimon Olanijo, Chairman of the League of Islamic Leaders in Mushin, added that the market could significantly alleviate the difficulties many Muslims face when purchasing food.

He urged other Muslim organizations to adopt the MFC system, stating that collaboration among Islamic groups could help realize the dream of establishing similar markets nationwide.

Olanijo also noted that this initiative supports the Federal Government’s push for food security.

The importance of cooperative societies was another key focus during the program.

Sanni mentioned that the League of Islamic Leaders is developing a detailed operational blueprint to ensure the market adheres to Islamic principles (Sharia) while remaining accessible to all.

He stated, “The idea of cooperation and collective effort is essential in our faith, and the MFC is a manifestation of that principle.”

Alhaji Abdul-Rahmon Abdul-Azeez, Chairman of the Council of Imams in Ikeja Division, commended the initiative, noting that it comes at a time when food prices have skyrocketed, leaving many struggling to meet their basic needs.

He added that the MFC has the potential to significantly reduce the cost of living if its model is widely embraced.

In a move aimed at easing fuel costs for Nigerians, Dangote Petroleum Refinery has announced a reduction in the price of Premium Motor Spirit (PMS) from N990 per litre to N970.

This change is due to the year drawing to a close, reflecting the refinery’s gratitude to Nigerians for their continuous support and the government’s efforts in fostering local enterprise.

The statement released by the refinery emphasizes the company’s commitment to quality and sustainability.

“This is our way of appreciating the good people of Nigeria for their unwavering support in making the refinery a reality,” it reads.

The company also showed its appreciation for the government’s backing, noting that the reduction aligns with measures to bolster domestic enterprise for national growth and well-being.

The Dangote Refinery, a groundbreaking project in Africa’s oil and gas industry, has positioned itself as a key player in Nigeria’s energy sector.

Launched to address the nation’s dependence on imported petroleum products, the facility is the largest single-train refinery in the world, capable of refining 650,000 barrels of crude oil daily.

This capacity is expected to significantly impact Nigeria’s fuel supply, reducing import dependency and ensuring stable availability.

The refinery reassured Nigerians of its determination to ramp up production to not only meet but surpass the country’s fuel consumption demands.

“We assure you of best quality products that are environmentally friendly and sustainable,” the statement added.