Commodities | |
Commodities | |
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PROSHARE | |
PROSHARE |
Thursday,
August 27, 2020 / 7:57 PM / FDC / Header Image Credit: FDC Limited
Whilst it is accepted that power sector reform is
urgently required in Nigeria, there is still some ambiguity as to the specifics
in terms of who determines the price and who regulates the market.
The FGN seems determined to remove all the constraints
this time and there is a new pricing formula for frustrated electricity
consumers who have neither adequate power nor meters. It is expected that this
dispensation will encourage new investments into a sector that is almost
considered a write off by consumers.
Agriculture sector employees recorded the highest
return to work (76%) since the lockdown. This is partly due to seasonalities
(harvest season) and the relaxation of restrictions. The impact of the harvest
season and the productivity gains to be earned from increased output will
moderate food prices in the near term.
The
slides below provide a snapshot of the discussion in the Commodities segment of
the Business Morning programme on Channels TV by the Head of the FDC Think
Tank.
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