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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
All Schools in Nigeria to Use Only NERDC Approved Textbooks, says Alausa
The policy will be backed by nationwide sensitisation efforts targeting educators and key stakeholders to ensure compliance.
Photo: Minister of Education, Dr Tunji Alausa
The Minister of Education, Dr Tunji Alausa said Monday that effectively from the September 2026 academic session, only the Nigerian Educational Research and Development Council, NERDC, approved textbooks will be use for instructional materials in primary , junior and senior secretary schools nationwide.
“Only a select number of top-ranked textbooks will be approved for use in schools per subject, effectively eliminating the glut of materials that has long plagued the system and confused teachers, students, and parents alike,” said Alausa.
He emphasised that any textbook not ranked under the new system will be barred from classrooms, regardless of its previous licensing status, signalling a firm commitment to raising standards and restoring order in the education sector.
He explained that under the new framework, the NERDC, will retain its statutory role of approving textbooks but will now go a step further by ranking them through a rigorous national evaluation process.
This ranking will be done by committees to determine the most suitable and highest-quality textbooks for each subject and level of education.
These committees will subject submitted textbooks to strict academic and pedagogical scrutiny, assessing their relevance, clarity, and alignment with national standards before assigning rankings.
The policy will be backed by nationwide sensitisation efforts targeting educators and key stakeholders to ensure compliance.
The government said that the reform aligns Nigeria with global best practices in instructional material standardisation and forms part of broader efforts to boost learning outcomes, strengthen quality assurance, and equip students with reliable, high-standard educational resources.
News
Kogi Govt Warns of Establishing Schools, Orphanages At Unsecured Locations
The facility, identified as Dahallukitab Group of School, was reportedly operating illegally in a remote, bushy location without registration with the State Government or the knowledge of relevant authorities and security agencies.
Photo: Tajudeen Islamic Foundation and Children’s Home, alongside the Daarulkitab Islamic Training Center in Zariagi, Kogi State.
The Kogi State Government has warned that establishing orphanages, schools, and similar facilities in vulnerable areas without proper registration and notification to authorities is a serious security risks, especially in the prevailing insecurity environment.
Commissioner for Information and Communications, Kingsley Femi Fanwo, said that the operation of such facilities outside regulatory oversight not only undermines safety standards but also exposes innocent children to avoidable dangers.
According to the Commissioner, the government, therefore, urged operators of orphanages and schools to comply strictly with existing regulations and engage relevant authorities for proper security assessment and protection.
The warning came on the backdrop of Sunday April 26 bandit attack on an unregistered orphanage and school facility in Zariagi, along the Kabba Junction axis of Lokoja.
The facility, identified as Dahallukitab Group of School, was reportedly operating illegally in a remote, bushy location without registration with the State Government or the knowledge of relevant authorities and security agencies.
The incident occurred late on April 26, 2026, when unknown gunmen invaded the premises and abducted 23 pupils alongside the wife of the proprietor.
Following the swift intervention of security operatives, led by the Nigeria Police Force in Kogi State and supported by other agencies, 15 pupils have been rescued , while efforts are ongoing to secure the release of the remaining victims.
Fanwo commended the gallantry and professionalism of the security agencies, noting that their swift and coordinated response significantly curtailed the impact of the attack..
Reaffirming its stance, the Kogi State Government assured residents of its uncompromising commitment to the protection of lives and property, adding that security operations remain active to bring the situation under full control.
News
Nigeria Issues Safety Advisory to Citizens in South Africa over attacks on foreigners
Nigerian business owners were specifically cautioned to take preventive measures, including shutting down operations on Freedom Day, April 27, and possibly extending closures through April 28 and 29, noting that foreign-owned businesses are often targets during such unrest.
• Anti – immigrant groups in South Africa protest
The Nigerians in Diaspora Commission (NiDCOM) has urged Nigerian citizens residing in South Africa to exercise caution and strictly adhere to safety advisories amid rising anti-foreigner protests in parts of the country.
According to the advisory, intelligence reports indicate that additional protests are scheduled to take place in Gauteng Province between April 27 and April 29, with demonstrators reportedly seeking to pressure the South African government over the presence of foreign nationals.
NiDCOM in a press release signed by its Head, Media, a public Relations and Protocols Unit, Abdur-Rahman Balogun advised Nigerians to avoid engaging with protest groups, steer clear of confrontation, and closely monitor local media for updates on the security situation.
The commission also stressed the importance of remaining law-abiding at all times.
Nigerian business owners were specifically cautioned to take preventive measures, including shutting down operations on Freedom Day, April 27, and possibly extending closures through April 28 and 29, noting that foreign-owned businesses are often targets during such unrest.
NiDCOM reaffirmed its support for the position of the Consul-General in Johannesburg, Ambassador Ninikanwa O. Okey-Uche, stating that the consulate remains operational and is working closely with South African security agencies to safeguard Nigerian nationals.
South Africa is home to about 2.4 million migrants, just less than 4% of the population, according to official figures. However, many more are thought to be in the country unofficially.Most come from neighbouring countries such as Lesotho, Zimbabwe and Mozambique, which have a history of providing migrant labour to their wealthy neighbour. A smaller number come from Nigeria.
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