
First Lady Senator Oluremi Tinubu's recent encouragement for Nigerian women to engage in businesses like akara, kulikuli, and corn roasting is seen as appropriate, practical, and patriotic. The article highlights how many successful Nigerian eateries and food brands began as small hawking businesses, citing examples like Amala Sky and Mama Ope in Ibadan, which grew from street vendors to multi-branch enterprises. Similarly, women in northern Nigeria transformed small-scale kulikuli frying and corn roasting into packaged food businesses supplying supermarkets. The author notes that Ghanaians once dominated the akara trade in Nigerian cities, demonstrating the potential for local industries when scaled. The piece extends this warning beyond food, pointing out that Nigeria is increasingly importing skilled labor for trades like bricklaying, tiling, plumbing, and furniture making from other West African countries. The First Lady's message is interpreted as a call to start with accessible trades to foster capital formation, discipline, and economic growth within communities, rather than allowing foreign entities to fill these roles. The author, Olaosebikan, a chieftain of the All Progressives Congress in Oyo State, emphasizes that these small trades are entry points to larger economic development.
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This summary was AI-generated from a story originally published by Punch Nigeria.
Must ReadThe Federal Competition and Consumer Protection Commission FCCPC has expressed concern regarding potential consumer exploitation in Nigeria's downstream petroleum sector. The commission noted that despite a significant drop in global crude oil prices, fuel prices in Nigeria have not decreased commensurately. An ongoing market surveillance by the FCCPC revealed that local refiners, depot operators, marketers, and filling station owners have implemented only marginal reductions. The Executive Vice Chairman and Chief Executive Officer of the FCCPC, Tunji Bello, highlighted that operators in the downstream sector tend to increase pump prices quickly when crude oil prices rise but are slow to pass on benefits to consumers when prices fall. He emphasized that while the FCCPC does not regulate petroleum prices, its role is to promote competitive markets and protect consumers from unfair practices. The commission's concerns arise as global oil prices have fallen to around $73 per barrel, a significant decrease from about $120 per barrel in April. Despite this, petrol is still sold at an average of N1,200 per litre across the country, compared to N800-N900 per litre in February when crude prices were similar. The FCCPC acknowledged that various commercial factors influence domestic fuel prices but maintained that competitive market forces should have led to more substantial reductions. Bello stated that the commission would investigate and take enforcement action if credible evidence
Must ReadUS Representative Nancy Mace, a Republican from South Carolina, announced plans on June 25 to introduce legislation that would ban immigration from Somalia, Sudan, and South Sudan. According to a statement from her official website, the proposed bill aims to protect American communities from what she described as security risks and instability associated with these nations. Mace stated, "We will not put the interests of foreign nationals ahead of the safety and security of American citizens." She further argued that these countries are among the world's "most dangerous and unstable nations" and that the US should avoid what she termed immigration mistakes made by some European nations. Mace claimed that the three countries pose broader security and integration challenges. This announcement aligns with the immigration stance of former President Donald Trump, who implemented a "Muslim travel ban" during his first term that restricted entry from several majority-Muslim nations, including Somalia and Sudan. The proposed legislation has not yet been formally introduced in the US Congress.
Must ReadThe South African Department of Home Affairs has refuted a social media notice claiming that the public would receive monetary rewards for reporting undocumented foreign nationals. In a statement on its official X handle, the department clarified that the notice is fraudulent and did not originate from them. It emphasized that neither the department nor the Minister of Home Affairs offers such rewards. The department urged the public to verify information through official channels to prevent the spread of misinformation. This denial comes amidst ongoing xenophobic tensions and violence in South Africa, which have seen foreign nationals, particularly Nigerians, targeted. In response, the Nigerian government is facilitating the return of its citizens, with hundreds registering to leave after losing homes and livelihoods.