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
Lagos Announces Traffic Diversions for Wednesday and Thursday Project Commissionings
The Lagos State Government has unveiled a comprehensive traffic diversion plan for Wednesday, April 8, and Thursday, April 9, 2026, in preparation for the commissioning of several key infrastructure projects by President Bola Tinubu.
According to the state Ministry of Transportation, partial road closures and diversions will be implemented in affected areas to ensure smooth movement during the events, which include the inauguration of the Ojota-Opebi Link Bridge and other major projects such as the Lagos State Geographic Information Service building in Alausa and the Tolu Schools Complex.
On Wednesday, April 8, diversions will be enforced around venues for the commissioning ceremonies, while on Thursday, April 9, restrictions will apply between 9:00 a.m. and 1:00 p.m. during the Tolu Schools Complex event and additional project unveilings.
Motorists have been advised to use alternative routes and plan their journeys accordingly to avoid delays. The government urged residents and commuters to cooperate with traffic management officials and security personnel deployed to the areas.
The projects form part of ongoing efforts to improve infrastructure and education facilities across the state. Further details on specific diversion routes are expected to be released by the Ministry of Transportation in the coming hours.
Commuters are encouraged to monitor official announcements via Lagos State traffic radio and social media handles for real-time updates.
News
Abiodun Presents Ceremonial Sword to Tinubu, Urges Sustained War on Crime
Ogun State Governor Prince Dapo Abiodun has presented a ceremonial sword to President Bola Ahmed Tinubu, symbolically conferring on him the title of “Jagaban” (leader of warriors and conquerors), while calling for continued aggressive action against crime and insecurity across Nigeria.
The presentation took place during President Tinubu’s official visit to Ogun State on Saturday, where he was received warmly by the governor and other dignitaries.
Governor Abiodun described the sword as a mark of appreciation and a charge to the President to press on with his administration’s security efforts.
In his remarks, Abiodun reminded Tinubu of the strong political and personal ties between them, noting that Ogun State was where the President had previously made significant declarations.
He urged Tinubu to maintain the momentum in the war against criminal elements, banditry, and other threats to national peace.
President Tinubu, who has repeatedly vowed to defeat insecurity by mobilising all military and law enforcement assets, received the gift amid smiles and applause. His administration has emphasised reforms in security architecture, including procurement of new equipment for the armed forces and enhanced coordination among agencies.
The event formed part of a broader visit during which the President is expected to commission key infrastructure projects in the state, including developments linked to the Gateway International Airport. Governor Abiodun used the occasion to commend Tinubu’s economic reforms, such as foreign exchange unification and fuel subsidy removal, describing them as necessary steps that are already yielding positive impacts.
Security analysts view the symbolic gesture as a show of solidarity between the state and federal government in tackling Nigeria’s persistent security challenges. The “Jagaban” title, rooted in Yoruba cultural and warrior traditions, underscores expectations of strong, decisive leadership in the ongoing fight against crime.
The Presidency has not issued a detailed official statement on the sword presentation, but sources close to the visit described it as a morale-boosting moment that reinforced the alliance between the two leaders.
This development comes as the federal government continues to prioritise national security, with recent commitments to equip the military and intensify operations against threats in various parts of the country.
News
BudgIT appoints Nigeria Country Director
He brought with him a track record in governance, research, and institutional leadership.
BudgIT has appointed Mr. Vahyala Kwaga as Country Director for Nigeria.
The appointment took effect on April 1, 2026.Kwaga was appointed following a leadership transition within the civic-tech organisation.
He brought with him a track record in governance, research, and institutional leadership.
Since joining BudgIT in 2021, Kwaga has held several leadership roles, including Senior Researcher, Head of the Open Government and Institutional Partnerships (OGIP) Unit, Group Head of Research and OGIP, and Deputy Country Director.
In these positions, he contributed to strengthening BudgIT’s research output, deepening its policy engagement, and improving coordination across programmes.
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