{"id":26076,"date":"2017-07-24T12:18:33","date_gmt":"2017-07-24T12:18:33","guid":{"rendered":"http:\/\/fdcng.com\/?p=26076"},"modified":"2017-07-24T12:18:33","modified_gmt":"2017-07-24T12:18:33","slug":"fdc-commodity-update-july-20-2017","status":"publish","type":"post","link":"https:\/\/fdcng.com\/fdc-commodity-update-july-20-2017\/","title":{"rendered":"FDC COMMODITY UPDATE &#8211; JULY 20, 2017"},"content":{"rendered":"<p>[vc_row][vc_column]<div class=\"gem-button-container gem-button-position-inline\"><a class=\"gem-button gem-button-size-small gem-button-style-flat gem-button-text-weight-normal\" style=\"border-radius: 3px;background-color: #ddbd89;color: #ffffff;\" onmouseleave=\"this.style.backgroundColor='#ddbd89';this.style.color='#ffffff';\" onmouseenter=\"this.style.backgroundColor='#ddccaa';this.style.color='#000000';\" href=\"http:\/\/fdcng.com\/wp-content\/uploads\/2017\/07\/Commodities-Update-July-20-2017.pdf\" target=\"_blank\">Download PDF<\/a><\/div> [\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Cyclicality is a norm in every market economy. In times of economic recession, increased output is a panacea. In the case of Nigeria, a huge bottleneck to an acceleration in output is the power sector.<\/p>\n<p>Average power output on the grid is approximately 3, 500MW\/Hr, less than 10% of aggregate demand (40, 000MW\/Hr). This has led to a surge in demand for alternative power and its attendant costs to manufacturers and households.<\/p>\n<p>Investment distortion in the sector has been attributed to imperfect pricing. The minister of power (housing and works) is working on a review of electricity tariffs with a view of making them cost reflective.<\/p>\n<p>This will inevitably lead to a surge in the price of power which many fear will have inflationary consequences. However, if an arithmetic surge in costs is compensated by a geometric increase in output, the consumer is better off in the long run.<\/p>\n<p>The attached bulletin addresses these and other issues in the domestic markets.<\/p>\n<p>Enjoy your read![\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Cyclicality is a norm in every market economy. In times of economic recession, increased output is a panacea. In the&#8230;<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[18,110],"tags":[],"_links":{"self":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/26076"}],"collection":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/comments?post=26076"}],"version-history":[{"count":1,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/26076\/revisions"}],"predecessor-version":[{"id":26077,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/26076\/revisions\/26077"}],"wp:attachment":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/media?parent=26076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/categories?post=26076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/tags?post=26076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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