News
NBS Rebases January Inflation Basket to 24.48%
The bureau put food inflation at 26.08 percent year-on-year.
The National Bureau of Statistics (NBS) has stated that Nigeria’s Headline Inflation dropped to 24.48 percent for the month of January 2025, from 34.80 percent in December 2024.
The bureau put food inflation at 26.08 percent year-on-year.
Speaking during a press briefing on Tuesday in Abuja, the Statistician of the Federation and the CEO of NBS, Prince Adeyemi Adeniran, said the new figure was as result of the rebasing of Nigeria’s inflation basket to keep it updated to international standard.
He stated that the country last rebased its inflation in 2009, thus using prices of goods prominent during the period.
“This rebasing process also allows Statistical Offices to introduce methodological enhancements to their computation procedures and align with global best practices.”
“Under this process, NBS is not only bringing the base year closer to the current period, from 2009 to 2024, but we have also introduced some critical methodology changes to improve the computation processes and quality of the estimates.
“Under the CPI, important enhancements have been made to the methodology.
Some of the improvements include the transition to the latest version of the classification method, the Classification of Individual Consumption.
According to Purpose (COICOP) 2018 version, from the 1999 version of COICOP, the new version has 13 divisions, bringing in household expenditure on Insurance and Financial Services, which now has a weight of 0.5% relative to the total household expenditure.
Another important improvement is the exclusion of own-production, imputed rents, and gifted items from the aggregates used to come up with the weights.
This is because CPI is a monetary phenomenon. Hence, the computations should only include monetary expenditure.
Also implemented under this rebasing is the movement of expenditures on meals away from home to the appropriate divisional class.
These changes are quite significant and appropriately align expenditures to their respective classes, enabling price changes to be measured properly.”
News
Akpabio threatens to throw Oshiomhole out of Senate, like Natasha Akpoti – Uduaghan
Following the repeated cautions, Oshiomhole eventually backed down, allowing plenary to proceed without further interruptions.
The President of the Senate, Godswill Akpabio, on Wednesday cautioned Senator Adams Oshiomhole over repeated interruptions during plenary, warning that he could face disciplinary action, including being removed from the chamber if the conduct persisted.
The incident occurred while Akpabio was reading the Votes and Proceedings of the previous sitting, when Oshiomhole, who represents Edo North, repeatedly raised “Point of Order,” interrupting the session.
The exchange is seen by observers as part of an ongoing tension between the two lawmakers, amid reported political undercurrents within the Senate.
At the start of proceedings, Oshiomhole’s persistent interjections drew the attention of the presiding officer, prompting Akpabio to call on Senator Orji Uzor Kalu to advise his colleague on adherence to Senate rules.Kalu described Oshiomhole’s conduct as inappropriate, but the interruptions continued.
Responding, Akpabio reminded the former Edo State governor of the need to observe parliamentary procedures.
“If you are a senator, you must go by the rules,” he said, before ruling him out of order and striking the gavel.Despite the ruling, Oshiomhole continued to speak from his seat, insisting on being recognised.
The Chief Whip, Mohammed Monguno, also intervened, warning of possible disciplinary measures if the behaviour continued.
Akpabio reinforced the warning, stating that further disruption could lead to Oshiomhole being removed from the chamber.
Following the repeated cautions, Oshiomhole eventually backed down, allowing plenary to proceed without further interruptions.
News
Akume Calls For Religious Tolerance, Grassroots Peace Ahead of 2027 Elections
The Secretary to the Government of the Federation, George Akume, has called on religious and traditional leaders nationwide to promote tolerance, peaceful coexistence, and unity as Nigeria prepares for the 2027 general elections.
The SGF emphasized the critical role of faith-based and traditional institutions in preventing division and fostering understanding among citizens.
Speaking in Abuja at the first triannual meeting of the Nigerian Inter-Religious Council, themed “Religious Literacy for National Cohesion,” Akume urged leaders to intensify grassroots mobilisation, youth engagement, and collaboration to ensure peaceful electoral processes before, during, and after the polls.
He stressed that Nigeria’s religious and cultural diversity makes tolerance and mutual understanding essential for national stability.
According to him, eliminating manipulation, stereotypes, and misinformation is key to preventing violence and strengthening trust within communities.
The SGF also highlighted the growing importance of religious literacy, noting that it must be complemented by media and information literacy, and urged citizens to verify information, reject hate speech, and resist divisive narratives, especially in an era of widespread misinformation.
He raised concerns over insecurity affecting the education sector, warning that attacks on schools and prolonged closures are worsening the country’s education challenges, calling for stronger implementation of safe school policies to ensure children can learn in secure environments.
Akume concluded by urging stakeholders including schools, media, and community leaders to work together in building a generation committed to peace, patriotism, and unity.and expressed confidence that the council’s deliberations would yield practical solutions to strengthen national cohesion ahead of the 2027 elections.
News
FG Warns Against School Closures Over Insecurity
The Federal Government has warned state governments and school authorities against arbitrary closure of schools due to insecurity, stressing that such measures should only be taken as a last resort after exhausting all security options.
The government emphasised that indiscriminate school shutdowns disrupt learning, exacerbate the number of out-of-school children, and should not become the default response to security challenges.
Minister of Education, Dr. Tunji Alausa, issued the warning on Wednesday, saying the Federal Government is collaborating with security agencies to strengthen protection for schools, particularly in vulnerable areas.
“While the safety of students, teachers and staff remains paramount, closing schools routinely is not the solution. We must prioritise securing the schools rather than shutting them down,” the minister stated.
The directive comes amid concerns over repeated disruptions to academic activities in parts of the country, especially in the North, where banditry and other security threats have previously forced temporary closures of public and unity schools.
Alausa urged state governors to work closely with federal authorities to implement safety measures, including the deployment of security personnel, installation of surveillance systems, and community engagement, instead of resorting to mass closures.
The Minister of State for Education, Prof. Suwaiba Ahmad, who also spoke on the issue, called for a balanced approach that protects lives without sacrificing the future of Nigerian children through prolonged interruption of education.
The Federal Government reaffirmed its commitment to the Safe Schools Initiative and other programmes aimed at making educational institutions safer across the country.
-
Business2 days agoNNPC’s Ojulari brings in Chinese to revamp Warri, Port Harcourt refineries
-
News2 days agoEzekwesili Tackles Tinubu Over Attacks On Nigerians In South Africa
-
Politics2 days agoBuba Galadima: NDC has zoned presidential ticket to south
-
Business2 days agoNDPC Chief Advocates for Warehousing Citizens Data Locally
-
Politics3 days ago2027: NDC Welcomes Obi, Kwankwaso, calling ’em “biggest brands in Nigerian politics ”
-
News3 days agoS’Africa: FG hurrying to evacuate 130 Nigerians as another wave of protest expected
-
Politics3 days agoALGON Endorses President Tinubu For Second Term
-
Politics2 days agoObidient Movement Urges Members To Register With NDC As O-K Exits ADC
