National Issues
Nigerians’ Wallets Under Strain As Inflation Soars to 28.92%
Published
2 years agoon
By
adminAs the country grapples with economic challenges, the latest figures from the National Bureau of Statistics (NBS) revealed a surge in the inflation rate to 28.92%, according to the December 2023 Consumer Price Index (CPI) released on a Monday afternoon.
The CPI, tracking the fluctuation in prices of goods and services, illustrates a notable increase from the previous month’s 28.20%, underscoring the pressing concerns surrounding the nation’s economic stability.
In a recent report, the Statistics Office revealed a notable uptick in the headline inflation rate for December 2023, marking a 0.72 percentage point increase from the previous month’s figure in November 2023.
On a year-on-year basis, the National Bureau of Statistics (NBS) highlighted a significant surge, with the December 2023 rate standing at 7.58 percentage points higher compared to the corresponding period in 2022.
December 2022 witnessed an inflation rate of 21.34 percent, underscoring the economic dynamics at play.
“This shows that the headline inflation rate (year-on-year basis) increased in December 2023 when compared to the same month in the preceding year (i.e., December 2022),” NBS said.
In a further revelation, the bureau disclosed that the month-on-month headline inflation rate for December 2023 experienced a 2.29 percent surge, surpassing November 2023 by 0.20 percent. This indicates a swifter rise in the average price level compared to the preceding month.
The report highlighted a concerning acceleration in food inflation, reaching 33.93 percent on a year-on-year basis for December 2023. This marked a substantial 10.18 percent points increase from December 2022’s rate of 23.75 percent. The data underscores the persistent upward trend in food prices, a trend exacerbated by various government policies, including the removal of subsidies on petrol.
Notably, in July 2023, President Tinubu declared a State of Emergency on food insecurity to address the escalating food prices. Taking decisive action, the President mandated that issues related to food and water availability and affordability fall under the jurisdiction of the National Security Council, recognising these as essential livelihood items in need of urgent attention.
In Monday’s inflation report, the National Bureau of Statistics (NBS) detailed the key contributors to the year-on-year increase in the headline index. The leading factors include food & non-alcoholic beverages at 14.98 percent, housing water, electricity, gas & other fuel at 4.84 percent, clothing & footwear at 2.21 percent, and transport at 1.88 percent.
Additional contributors encompass furnishings & household equipment & maintenance (1.45 percent), education (1.14 percent), health (0.87 percent), miscellaneous goods & services (0.48 percent), restaurant & hotels (0.35 percent), alcoholic beverages, tobacco & kola (0.31 percent), recreation & culture (0.20 percent), and communication (0.20 percent).
The report highlighted a substantial 24.66 percent change in the average Consumer Price Index (CPI) for the twelve months ending December 2023 over the previous twelve-month period. This represents a significant 5.81 percent increase compared to the 18.85 percent recorded in December 2022, indicating ongoing inflationary pressures in the economy.
Food Inflation
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In a concerning trend, the food inflation rate for December 2023 surged to 33.93 percent on a year-on-year basis, marking a substantial 10.18 percent points increase from the same period in 2022, when the rate stood at 23.75 percent.
The National Bureau of Statistics (NBS) attributed this rise in food inflation to notable increases in the prices of various essential items. Key contributors include bread and cereals, oil and fat, potatoes, yam, and other tubers, fish, meat, fruit, milk, cheese, and eggs.
These price hikes collectively contributed to the intensified strain on consumers, highlighting the complex dynamics driving the upward trajectory of food prices.
“On a month-on-month basis, the Food inflation rate in December 2023 was 2.72 percent, this was 0.30 percent higher compared to the rate recorded in November 2023 (2.42 percent),” it said.
Clarifying the dynamics behind the recent uptick, the National Bureau of Statistics (NBS) explained that the month-on-month increase in food inflation for December 2023 was spurred by a heightened rate of escalation in the average prices of oil and fat, meat, bread, and cereals, potatoes, yam, and other tubers, as well as fish and dairy products like milk, cheese, and eggs.
“The average annual rate of food inflation for the twelve months ending December 2023 over the previous twelve-month average was 27.96 percent, which was a 7.02 percent points increase from the average annual rate of change recorded in December 2022 (20.94 percent),” the report added.
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National Issues
Tinubu declares nationwide security emergency, orders massive recruitment
Published
3 months agoon
November 26, 2025By
admin
Amid rising killings and a wave of mass abductions by gunmen and suspected terrorists across the country, President Bola Tinubu on Wednesday declared a nationwide security emergency.
The President, in a statement personally signed and released in Abuja, also ordered an immediate expansion of the manpower of the Armed Forces and the Nigeria Police Force as the Federal Government rushes to halt the worsening insecurity.
“Today, in view of the emerging security situation, I have decided to declare a nationwide security emergency and order additional recruitment into the Armed Forces,” Tinubu said.
“By this declaration, the police and the army are authorised to recruit more personnel. The police will recruit an additional 20,000 officers, bringing the total to 50,000.”
Tinubu explained that he had already approved upgrades of police training facilities nationwide and authorised the use of selected National Youth Service Corps camps as police training depots.
He added that officers withdrawn from VIP guard duties would undergo “crash training” before being redeployed to areas battling heightened insecurity.
The President also directed the Department of State Services to immediately deploy all trained forest guards to flush out terrorists and bandits hiding in forests across the country. The DSS was further authorised to recruit additional personnel.
“There will be no more hiding places for agents of evil. This is a national emergency. We are deploying more boots on the ground, especially in vulnerable communities. The times require all hands on deck. As Nigerians, we must all get involved in securing our nation,” he said.
Tinubu commended security agencies for jointly securing the release of 24 abducted schoolgirls in Kebbi State and 38 worshippers in Kwara State. He assured that efforts were ongoing to rescue students of Catholic schools in Niger State and other kidnapped Nigerians still in captivity.
“To the leadership and rank and file of our Armed Forces, I commend your courage and sacrifice. This is a challenging moment for our nation and for the military itself. I charge you to remain resolute, restore peace across all theatres of operation, and uphold the highest standards of discipline. There must be no compromise, no collusion, and no negligence,” he added.
The President announced that the Federal Government would support state governments operating community-based security outfits.
Tinubu also urged the National Assembly to begin reviewing laws that would allow states seeking to establish their own police forces to do so.
He warned states against maintaining boarding schools in remote areas without adequate security and advised churches and mosques in vulnerable areas to engage security agencies when organising large gatherings.
On the lingering farmer–herder clashes, Tinubu restated that the newly created Ministry of Livestock Development would provide long-term solutions. He appealed to herders to embrace ranching, end open grazing, and surrender illegal weapons.
“I sympathise with the families who have lost their loved ones in recent attacks on soft targets in Kebbi, Borno, Zamfara, Niger, Yobe, and Kwara states. I also pay tribute to our brave soldiers who have made the ultimate sacrifice, including Brigadier-General Musa Uba,” he said.
Warning criminal groups not to undermine the state, Tinubu emphasised that his administration possessed the resolve and capacity to secure the country.
“Fellow compatriots, I urge you not to give in to fear or despair. Stand firm to defend our freedom and values. Our administration will continue to guarantee peaceful co-existence and preserve our union.”
He called on citizens to remain vigilant, report suspicious activities, and cooperate with security agencies.
Tinubu’s declaration came amid nationwide outrage after the killing of at least five people in Kebbi and Kwara states, and the abduction of over 300 schoolchildren from Government Girls Comprehensive Secondary School, Maga, in Kebbi State, and St Mary’s Catholic School, Papiri, in Niger State.
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National Issues
US pledges deeper intelligence, defence support for Nigeria — Presidency
Published
3 months agoon
November 24, 2025By
admin
The Presidency on Monday said the United States Government has expressed readiness to deepen security cooperation with Nigeria through enhanced intelligence sharing, supply of defence equipment and other support to boost ongoing operations against terrorists and violent extremist groups.
It said the commitment followed a series of engagements held last week in Washington, DC, between a high-level Nigerian delegation and top US officials aimed at strengthening bilateral security ties and opening new areas of collaboration.
The delegation, led by the National Security Adviser, Nuhu Ribadu, met with senior officials from the US Congress, White House Faith Office, State Department, National Security Council and the Department of War.
Other members of the delegation included the Attorney-General of the Federation, Lateef Fagbemi (SAN); Chief of Defence Staff, Gen. Olufemi Oluyede; Chief of Defence Intelligence, Lt. Gen. Emmanuel Undiandeye; the Inspector-General of Police, Kayode Egbetokun; and two representatives from the Office of the NSA.
According to a statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, the Nigerian team used the engagements to debunk allegations of genocide in the country, insisting that violent attacks cut across religious and ethnic divides.
Onanuga said the delegation also rejected what it described as the “wrongful framing” of Nigeria’s security challenges, noting that such portrayals risked further dividing citizens and misrepresenting realities on the ground.
“The discussions provided ample opportunity to correct misconceptions about Nigeria, forged a constructive, solution-driven partnership with the United States, reinforced mutual trust, and advanced a coordinated approach to protecting vulnerable communities, especially in the Middle Belt,” the statement read.
He added that the US expressed willingness to offer complementary support, including humanitarian assistance to affected populations in the Middle Belt and technical aid to strengthen early-warning mechanisms.
Onanuga said both countries agreed to immediately implement a non-binding cooperation framework and set up a Joint Working Group to coordinate agreed areas of collaboration. Nigeria, he added, reaffirmed its commitment to enhancing civilian protection measures.
“The Federal Government restates its awareness of heightened sensitivities regarding religious freedom and security, and urges citizens to remain assured that firm, urgent, and coordinated steps are being taken to secure the nation,” he stated.
The development comes weeks after former US President Donald Trump threatened to deploy American forces to Nigeria “guns-a-blazing” if the government failed to halt what he described as the killing of Christians.
Trump, who also designated Nigeria a “Country of Particular Concern” over alleged persecution, had on his Truth Social platform accused the government of allowing the “mass slaughter” of Christians and warned that Washington could cut aid and take military action.
“If the Nigerian Government continues to allow the killing of Christians, the USA will immediately stop all aid and assistance to Nigeria, and may very well go into that now disgraced country, ‘guns-a-blazing,’ to completely wipe out the Islamic terrorists who are committing these horrible atrocities,” he wrote, adding that he had instructed the US Department of War to prepare for possible operations.
But President Bola Tinubu has repeatedly dismissed claims of genocide against Christians, maintaining that Nigeria remains committed to religious freedom, tolerance and the protection of all citizens regardless of faith.
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National Issues
Suspected bandits abduct four farmers in fresh Kwara attack
Published
4 months agoon
November 20, 2025By
admin
Suspected bandits have abducted four rice farmers in Bokungi community, Edu Local Government Area of Kwara State.
The incident occurred on Wednesday evening while the victims were working on their farms during the peak of the harvest season. It came barely 24 hours after gunmen attacked a church in Eruku, Ekiti LGA of the state, killing two worshippers and abducting several others.
According to sources, the attackers stormed the farms suddenly and surrounded the farmers as they gathered their harvested rice.
“It has been confirmed that bandits struck again at Bokungi under the Lafiagi Emirate. Four people were abducted. Information is still emerging,” the sources said.
Residents said the gunmen operated for several minutes without resistance, forcing the farmers into a nearby bush before whisking them away to an unknown location.
Community members also lamented rising insecurity in Edu LGA, noting that several farming settlements had been abandoned as farmers now fear venturing out during the harvest period when they are most vulnerable.
The Kwara State Police Command and the state government had yet to comment on the incident as of the time of filing this report.
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