High cost of diesel taking toll on my business – Obasanjo – Explained!

High cost of diesel taking toll on my business – Obasanjo, #High #cost #diesel #toll #business #Obasanjo Welcome to 50MIND S BLOG, This is the latest breaking information and trending broadcast that we now have for you right now: :

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Former Nigerian President Olusegun Obasanjo has acknowledged that the excessive cost of diesel in addition to the nation’s forex price are hurting his fish business.

Mr. Obasanjo, who runs a fish farm, stated he has been sweating as a result of the excessive cost of diesel has been affecting his fish productiveness. He remarked Tuesday at his Abeokuta dwelling at a gathering of the South-west Fish Farmers Price Sustainability Group.

Mr. Obasanjo acknowledged that rising diesel costs, in addition to repeated will increase in fish feed costs, will ultimately drive Nigerian fish farmers out of business.

He really useful farmers attain an settlement on sustainable charges that may be used to maintain them in business.

“With the current price of fuel at N800 (naira) per litre, the cost of producing a kilogramme of fish is N1,400.” Farmers should promote for lower than N1,500 with the intention to make a really marginal revenue, since something much less is an absolute loss,” warned the previous president.

He went on to say that farmers can now not produce on the mercy of clients who would come round to purchase the fish for no matter value they need, with out contemplating the affect of present financial pricing on the manufacturing of such fish.

Source: Premium Times Online News

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