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We can no longer feed – Scores of FCT residents cry out amid hardship
We can no longer feed – Scores of FCT residents cry out amid hardship – We can no longer…
We can no longer feed – Scores of FCT residents cry out amid hardship – The residents said their…
The residents said their once manageable budget had spiralled into a daily struggle, primarily due to soaring food prices and transportation fares.
Many residents of the Federal Capital Territory (FCT), say they are finding it difficult to feed due to the high cost of food items.
The residents also lamented further increases in transportation fares following the increase in the Pump Price of Premium Motor Spirit (PMS), also known as petrol.
They spoke to the News Agency of Nigeria (NAN) on Sunday in Abuja.
According to them, the increased fuel price had left residents grappling with the harsh realities of rising living costs.
The residents said their once manageable budget had spiralled into a daily struggle, primarily due to soaring food prices and transportation fares.
They appealed to the Federal Government and relevant authorities to take immediate action to address these issues.
Mrs Maryam Abu, a mother of three, said she often sat at her kitchen table these days with frustration, staring at an empty pot.
“Last year, I could buy a bag of rice for N50,000 and now, it is more than N100,000. How can I feed my children?
“With my husband’s salary barely keeping pace with inflation, I often have to choose between meals and essential household items,’’ she said.
For Mrs Ekaite Obot, a civil servant and a mother of four, the situation is not any better as she said she had not been able to drive to work or church for the past five months.
“For over five months now, I have not moved my car from the garage because I can no longer afford to fuel or maintain the vehicle.
“The times are really tough for my family. All the family expenses have been on me since my husband was relieved of his job as a sales representative.
“I struggle to pay school fees, get household items and feed the family and with this increasing cost of items, I do not think we can continue to survive on my mini income,’’ Obot said.
Another civil servant, Mrs Mary Umeh, while decrying the increased cost of living, said her saving grace was the contribution (adashi) she was making at work with some colleagues.
“We have several platforms where we contribute money monthly and at the end of the year, we use the money to buy various household items.
“It is almost Christmas now and I do not have any savings, but I am not worried because I know that we will soon use our adashi money to buy some household items.
“I am sure my family will be able to manage the items and I will just need a little money to buy other things for the Christmas celebration,’’ she said.
Similarly, Mr Albert Nwakama, a trader, decried his inability to fend for his family due to low sales of his fairly-used clothing business, popularly known as “okrika” or second-hand wear.
Nwakama said he used to open new bail of wear every two to three weeks, but in the past six months, he could barely sell a bail of women’s wear.
“I have not witnessed anything like this since I began this okrika business nine years ago. Many customers who used to buy my goods have stopped coming to my shop.
“Even some of those who used to give me money in advance to enable me to open new bails now come to me to borrow money so they can feed their families.
“People are struggling to eat and care for their families and buying new clothing is no longer a priority for families, thus, leaving people like me in a dilemma,’’ he said.
Mrs Nneka Azubuike, a teacher, said the increased cost of living in the country had turned her into a corporate beggar.
According to Azubuike, every kid from a well-to-do family in the class that I teach has become my friend because of selfish reasons.
She said she paid more attention to pupils from wealthy homes because, at the end of the day, their parents tend to appreciate her for her good deeds every now and then.
“I am aware this is unprofessional, but I have to take care of my child because I am a single mom. My salary is not enough to care for our needs.
“Also, I thought that with the Dangote refinery, fuel prices would reduce and transportation would become affordable in the country, but the reverse is obviously the case.
“The government really needs to find a way to address this transportation issue because it is affecting every sector of the economy, especially food prices,’’ she said.
For a commuter like Ibrahim Idris, the surge in transportation fares was eating deep into his budget for other household necessities.
“I used to spend about ₦400 for commuting to the office every day, but now I pay between N900 and ₦1,000.
“I am finding it extremely difficult to keep up. I have cut down on most things, yet it is always difficult for me to get to work five times a week,’’ he said.
Mr Sule Adams, a vendor, said his formerly booming business had now slowed as many families were now tightening their belts.
“We are having a noticeable decline in customers, and some who come to patronise us always want discounts, which we normally oblige them because we want to make sales.
“Most customers, who used to buy goods in large quantities and store them in their homes, now buy less quantity. because of the increased cost.
“It is hard for us too; we have to pay for our supplies, and if people are not buying from us, we suffer because we have families also to take care of,’’ Adams said.
Also, Ms Christabel Nicholas, a small business owner, said she was facing an uphill battle as she had to choose between raising prices, displeasing customers, or absorbing the high costs.
“I have had to increase my prices due to the high cost of the items in the market, but my regulars are complaining. It is really a tough decision.
“We need government intervention to overcome this situation because Nigerians are sick, hungry, suffering and dying,” she said.
NAN reports that the National Bureau of Statistics (NBS) in its Consumer Price Index (CPI) and inflation report for April showed food inflation increased to 40.53 per cent on a year-on-year basis.
The Bureau, in its July CPI report, on a year-on-year basis, the headline inflation rate was 9.32 per cent higher than the rate recorded in July 2023 at 24.08 per cent.
The increase in the headline index for July on a year-on-year basis and month-on-month basis was attributed to the rise in prices of some goods and services at the divisional level.
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Is Atom Capital the – Is Atom Capital the…
Is Atom Capital the – The rise of powerful…
The rise of powerful AI is reshaping the landscape of digital organizations, bringing unprecedented prospects for efficiency, innovation, and profitability. Businesses looking to prosper in this cutthroat market must grasp how to make the most of AI bots as more and more industries adopt these technologies.
Specifically, AI trading bots are a game-changing innovation in the finance industry that allows businesses to maximize profits and optimize trading methods. This essay looks at how companies might use AI trading bots, in particular, to take advantage of breakthrough AI technology to increase revenue and spur expansion.
The Role of AI Bots in Maximizing Advanced AI Usage
Artificial intelligence (AI) bots like the-atom-capital.com/id are specialized software programs created to automate processes, analyze data, and carry out trades or other operations with the least amount of human involvement. By utilizing cutting-edge AI, these bots can learn from enormous volumes of data, spot trends, and make deft decisions instantly. Businesses may greatly increase their productivity and decision-making processes by implementing AI bots.
Automating Repeated Operations
Artificial intelligence bots like Atom Capital automate tedious jobs, allowing human workers to concentrate on strategic projects. For example, AI chatbots in customer care answer standard questions, freeing up employees to deal with more complicated client requests. Businesses can distribute resources more efficiently as a result of this automation, which also improves customer happiness and operational efficiency.
Enhanced Data Analysis
AI bots like Atom Capital are particularly good at handling and evaluating big datasets. They can spot patterns and irregularities that human analysts would miss. By using these insights, companies may more rapidly and effectively respond to client requests and market changes by making data-driven decisions. Retail companies, for instance, can use AI bots to better manage inventory and study customer behavior, which will save costs and boost sales.
An Introduction to AI Trading Bots
As a direct result of advances in AI technology, the financial sector has seen the rise of AI trading bots. These bots autonomously manage portfolios, conduct trades, and analyze market data. AI trading bots like Atom Capital can optimize trading tactics based on past data and adjust to market volatility by utilizing machine learning algorithms.
Enhanced Rapidity and Effectiveness
AI trading bots are capable of operating at speeds much faster than humans. They can take advantage of momentary market opportunities by executing deals in milliseconds. Businesses may refine their trading tactics thanks to this speed, which helps them stay competitive in the quick-changing financial landscape.
Data-Based Decision Making
Complex algorithms that examine current market circumstances, past trends, and other pertinent data are used to create AI trading bots. Businesses can increase their chances of success by making well-informed trading decisions by utilizing this information. Reducing emotional biases that might impair judgment through the use of AI in trading also results in better logical investment methods.
Maximizing Profits with AI Trading Bots
Businesses need to implement particular tactics that increase their profitability if they want to fully utilize the potential of AI trading bots like Atom Capital. Here are some essential strategies to use these cutting-edge instruments to optimize profitability.
Improve Your Trading Methods
Based on the information produced by AI trading bots, businesses should constantly improve their trading tactics. They can enhance trading results by looking at historical performance and making adjustments to algorithms. Conducting routine backtests of methods using historical data can yield important insights regarding possible modifications.
Investment Portfolio Diversification
AI trading bots like Atom Capital can efficiently diversify investment portfolios for corporations by managing many assets at once. Businesses can lessen the impact of market volatility on their overall performance by diversifying their risk across a range of assets. This diversification approach raises the probability of yielding steady-state returns.
Put Risk Management Procedures into Practice
With AI trading bots, maximizing earnings requires effective risk management. To reduce possible losses, businesses should use stop-loss orders and clearly defined risk boundaries. Artificial intelligence (AI) bots can constantly analyze market circumstances and modify trading tactics to keep risks within reasonable bounds.
How to Register on an AI Trading Bot System?
With AI trading bots, getting started is a simple procedure. Here’s how to sign up for an AI trading bot platform step-by-step.
1. Select a Reputable Source
Investigate other AI trading bot systems first. To choose a reliable supplier, check customer reviews, performance data, and ratings. Popular platforms frequently contain features like intuitive user interfaces, solid safety features, and advanced analytical capabilities.
2. Register for an Account
After deciding on a platform, go to its website and register for an account. Giving basic personal information like your name, phone number, and email address is usually required for this. To safeguard your account, choose a strong password.
3. Confirm Your Identity
To abide by regulations, the majority of trading platforms demand identification verification. Get ready to upload proof of identity documents, like a driver’s license or passport, and maybe a utility bill to confirm your address.
4. Add Money to Your Account
You will need to deposit into your trading account after verification. The majority of platforms include a range of payment methods, such as credit cards and bank transfers. To fund your account, make sure you are aware of the minimum deposit requirements.
5. Configure Your Bot for Trading
Once the account is funded, go to the trading bot part of the platform. The majority of platforms offer simple-to-follow setup instructions for your bot. Depending on your investing objectives and risk tolerance, you can select from pre-built methods or create your own.
6. Examine and Modify
You should always keep an eye on your AI trading bot’s performance after it has been launched. Examine trading performance and tweak your tactics as necessary to maximize your gains. You can easily monitor your bot’s performance thanks to the real-time reporting and analytics options that many platforms offer.
Real Benefits of Advanced AI for Bigger Revenues
Advanced AI has several advantages for tech companies beyond trading. Businesses that incorporate AI into their operations stand to gain significantly from increased income in several ways.
Improved Client Relationship
AI-powered technologies can analyze client data and offer individualized services. AI can be used by businesses to enhance customer service, optimize marketing efforts, and make product recommendations. Through customized experiences, businesses may boost consumer happiness and encourage recurring business.
Enhanced Efficiency in Operations
AI automation lowers operating expenses by optimizing workflows and reducing mistakes. Companies can improve resource allocation, cut down on production downtime, and optimize supply chain management. Higher profit margins and cost reductions are the results of this efficiency.
Analytics for Predictive
New Product Development and Innovation
Conclusion
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Nigerians be warned as – Nigerians be warned as…
Nigerians be warned as – The National Agency for…
The National Agency for Food and Drug Administration and Control (NAFDAC) has declared Eziukwu Market, popularly known as Cemetery Market in Aba, Abia State, a hub for the production and distribution of fake and substandard drinks and beverages.
During a raid on Tuesday, December 17, Mr Martins Iluyomade, Director of NAFDAC’s South-East Zone, described the illegal activities in the market as “weapons of mass destruction.”
He lamented the persistence of these operations despite a major crackdown in December 2023.
“It is baffling that individuals remain recalcitrant and determined to make money at the expense of the lives of their fellow citizens,” Iluyomade stated.
He added that market leaders, who previously signed an undertaking with NAFDAC to identify and expose perpetrators, “now have serious questions to answer.”
The raid uncovered a shocking variety of fake and adulterated products, including wines, whiskey, yogurt, carbonated drinks, dry gin, chips, and other beverages. These items were either produced in unsanitary conditions or re-labelled with new dates after expiration.
Iluyomade expressed deep concern over the volume of expired products being re-validated and warned consumers to be vigilant about the items they purchase.
“Consumers must remain cautious to avoid endangering their health,” he advised.
The agency affirmed its commitment to revisiting agreements with the market’s leadership to curb the illegal trade and protect public health.
This operation highlights NAFDAC’s ongoing fight against counterfeit products and serves as a warning to those engaging in such activities.
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Nigeria becomes first African – Nigeria becomes first African…
Nigeria becomes first African – Nigeria is set to…
Nigeria is set to reopen its embassy in North Korea, four years after its closure during the COVID-19 outbreak, becoming the first African nation to resume diplomatic activities in the reclusive country.
The announcement was made by Nigeria’s Charge d’Affaires to North Korea, Patrick Imologhome, during a meeting with Russian Ambassador to North Korea, Alexandr Matsegora, last Wednesday in Pyongyang. The Russian Embassy in Pyongyang confirmed the development on its official Facebook account.
“Patrick Imologhome, who recently arrived in North Korea, shared his plans to reopen the Nigerian Embassy in Pyongyang after years of suspended operations,” the Russian Embassy’s statement read.
Nigeria’s embassy was shut down during the early stages of the pandemic in 2019, along with many other diplomatic missions worldwide. However, with North Korea reopening its borders in August 2023, Nigeria is now the first African country to reestablish its diplomatic footing in the country.
The Russian Embassy further noted that Nigeria and Egypt remain the only African nations maintaining a diplomatic presence in North Korea. Both countries have enjoyed diplomatic relations with Pyongyang since 1976.
Notably, a previous UN panel of experts highlighted that Nigeria and Egypt have conducted trade and business dealings with North Korea, allegedly in violation of UN sanctions.
The reopening of Nigeria’s embassy signals a renewed commitment to strengthening ties with North Korea amid evolving post-pandemic diplomacy. It also marks a significant move for African diplomatic relations in the region, particularly as other nations are yet to resume their operations in the East Asian country.
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