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Nigeria: Inflation rate drops to 11.22 percent in June
Nigeria’s inflation eased sharply lower in June to 11.22 percent year on year, a 0.18 percent points decrease than 11.40 percent posted in May.
According to the latest data released by the National Bureau of Statistics (NBS) on Tuesday revealed that the headline index fell to 1.07 percent on a month-on-month basis, indicating a decline of 0.04 percent points from the rate recorded in May.
“The consumer price index, (CPI) which measures inflation increased by 11.22 percent (year-on-year) in June 2019. This is 0.18 percent points lower than the rate recorded in May 2019 (11.40) percent.
“On a month-on-month basis, the Headline index increased by 1.07 percent in June 2019, this is 0.04 percent rate lower than the rate recorded in May 2019 (1.11) percent.”
Also, the urban inflation rate fell to 11.61 percent year-on-year in the month under review, while the rural inflation rate eased to 10.87 percent from 11.08 percent.
“The urban inflation rate increased by 11.61percent (year-on-year) in June 2019 from 11.76 percent recorded in May 2019, while the rural inflation rate increased by 10.87 percent in June 2019 from 11.08 percent in May 2019.
“On a month-on-month basis, the urban index rose by 1.10 percent in June 2019, up by 0.05 from 1.15 percent recorded in May 2019, while the rural index also rose by 1.05 percent in June 2019, up by 0.02 from the rate recorded in May 2019 (1.07) percent.”
The composite food index stood at 13.56 percent in June, compared to the previous months 13.79 percent as increases were recorded in prices of bread and cereals, meat, fish, vegetables and fruits among others.
“The composite food index stood at 13.56 percent in June 2019 compared to 13.79 percent in May 2019.”
This rise, according to the report, was caused by increases in prices of Bread and cereals, Meat, Oils and fats, Potatoes, yam and other tubers, Fish, Vegetables and fruits.
“On a month-on-month basis, the food sub-index increased by 1.36 percent in June 2019, down by 0.05 percent points from 1.41 percent recorded in May 2019.
“The average annual rate of change of the Food sub-index for the twelve-month period ending June 2019 over the previous twelve-month average was 13.42 percent, 0.05 percent points higher from the average annual rate of change recorded in May 2019 (13.37) percent.”
The Olugbon of Orile-Igbon and Vice Chairman of the Oyo State Council of Obas and Chiefs, Oba Francis Olushola Alao, alongside his wife, Olori Olushola Adedoyin Alao, has expressed deep sorrow over the sudden passing of Mrs. Abisola Kola-Daisi, daughter of the late Governor Abiola Ajimobi and Chief (Mrs.) Florence Ajimobi.
In a jointly signed condolence message, the royal couple described the news as heartbreaking, especially coming just five years after the demise of the former Governor of Oyo State, Senator Abiola Ajimobi.
They extended their sympathies to Mr. Idris Kolapo Kola-Daisi, Abisola’s husband, their children, as well as Chief Kola Daisi and the entire Kola-Daisi family, urging them to find strength in this difficult time.
“This tragic loss has brought sorrow to the hearts of friends, relations, and well-wishers of the esteemed Ajimobi and Kola-Daisi families. Bisola’s warm smile brightened the lives of those around her, and she carried herself with grace, nobility, and kindness,” the statement read.
Praying for divine comfort and fortitude for the bereaved families, the Olugbon and Olori noted that though Abisola’s life was brief, it was impactful and meaningful.
“We urge the family to take solace in the remarkable life she lived. A short but impactful life is truly valuable. May Almighty Allah grant her Aljanna Firdaus,” they added.
The royal couple also prayed that God would grant Chief (Mrs.) Ajimobi, her children, and the entire Kola-Daisi family the strength to bear the irreparable loss.
The Chairman of the House Committee on Federal Roads Maintenance Agency (FERMA), Engr. Aderemi Oseni has expressed deep sorrow over the passing of Mrs Bisola Kola-Daisi, daughter of the late former Governor of Oyo State, Senator Abiola Ajimobi.
Oseni, who represents Ibarapa East/Ido Federal Constituency, described Bisola’s death as a tragic loss not only to her family but also to the wider Oyo State community.
In a condolence message issued on Thursday by his media aide, Idowu Ayodele, and made available to journalists in Ibadan, the lawmaker sympathised with the Ajimobi and Kola-Daisi families, praying for divine strength and comfort in their time of grief.
“I am deeply saddened by the passing of Mrs Bisola Kola-Daisi. My heart goes out to the Ajimobi and Kola-Daisi families, especially, our late leader’s widow, Mrs. Florence Ajimobi during this painful period. May God grant them the fortitude to bear this irreplaceable loss,” he said.
The All Progressives Congress (APC) chieftain urged the late governor’s wife, Chief Florence Ajimobi and other members of the bereaved families to find solace in Bisola’s impactful life. He emphasised that, beyond being the daughter of a respected former governor, she distinguished herself as a businesswoman and philanthropist, leaving behind a remarkable legacy.
“Bisola was a woman of substance who made significant contributions to society. Her kindness, dedication, and commitment to excellence will always be remembered,” Oseni added.
The lawmaker also extended his condolences to Bisola’s husband, Mr Idris Kola-Daisi, acknowledging the immense pain he must be experiencing. He prayed for divine strength for him and the entire Kola-Daisi family as they navigate this difficult time.
Oseni further called on the public to keep the bereaved families in their thoughts and prayers. He prayed that Almighty God grants Bisola eternal rest and gives her loved ones the resilience to endure the painful loss.
. prays for progressives
The National Secretary of the South-West Agenda for Asiwaju (SWAGA’23), Barrister Bosun Oladele, has expressed deep sorrow over the passing of Bisola Kola-Daisi, daughter of the late former Governor of Oyo State, Senator Abiola Ajimobi.
Describing the news as shocking and heartbreaking, Oladele, a former House of Representatives member for Irepo/Oorelope/Olorunsogo Federal Constituency and a former Commissioner for Information, extended his sympathies to the bereaved family, particularly Mrs. Florence Ajimobi, widow of the late governor.
“God, the All-Knowing, is the only one who understands why this happened, and He alone can provide comfort to the family of our late leader and boss, His Excellency, Senator Abiola Ajimobi. I especially pray for strength and solace for Her Excellency, Chief (Mrs.) Florence Ajimobi, in this moment of grief,” he stated.
Oladele also commiserated with the Kola-Daisi family, particularly the deceased’s husband, Kolapo Kola-Daisi, while urging all Progressives in Oyo State to unite in prayers for the bereaved families and the wider political circle.
“I join all Progressives in Oyo State in expressing my heartfelt condolences to the Kola-Daisi and Ajimobi families. I pray for staying strength and divine comfort for all,” he said.
He further prayed against the recurrence of untimely deaths within the Progressives fold in the state, seeking divine intervention to stem the tide.
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