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
HAPPENING NOW: Blackout hits Abuja, Embassies affected
The Abuja Electricity Distribution Company (AEDC) has announced power outage in various parts of Abuja including hotels and diplomatic buildings.
The AEDC made the announcement in its verified X handle today.
It said the blackout also affected Bolingo Hotel, Wada Maida Building, which houses the headquarters of Sudan, Egypt embassies, Envoy Hotel, the European Union embassy, among others.
The other places affected by the blackout are the National Planning Commission (NPC), the National Hospital, and the Turkish, Pakistani, and Indian embassies.
“Also, Garki Area One, Two, Three, Seven and Eight; Garki village; Garki market; Ubiaja Street; Kaltungo Street; and Lagos Street have been affected.
“Also affected are Oka Akoko Street, Treasury House, Karibu Hotel, and part of Asokoro, such as Yakubu Gowon Street.
“Similarly, Imo Government Lodges, Gado Nasko Street, Justice Sowemimo, Hassan Musa Katsina Streets, part of Jasse Martin, NIA, and TY Danjuma Street are without power supply.
“It said also affected are Lugbe, Jedo, Forte Royal, Back Of Dunamics, Customs Quarters, Aviation Village Piwoye Kapwa Ok Water, Nicomsat, Korean School and Nnamdi Azikiwe International Airport,”.
It attributed the power outage to a technical fault.
“The technical team of the Transmission Company of Nigeria (TCN) is currently working to restore the power supply.
“We regret the inconvenience this may cause and appreciate your patience and understanding,” AEDC said.
News
Burial begins for Oyo school teacher killed by JAS terrorist group
The deceased teacher is expected to be buried at his residence in the Owolake area of Ogbomoso.
The burial arrangements for Adesiyan Adegboye, the teacher killed during last Friday’s coordinated attack on three schools in Oriire Local Government Area of Oyo State, began on Friday at Ayegun Baptist Church, Ogbomoso.
Adegboye, 49, was shot dead during the invasion carried out by armed bandits at Baptist Nursery and Primary School, Yawota, Community Grammar School, and L.A. Primary School, Esiele.
The deceased teacher is expected to be buried at his residence in the Owolake area of Ogbomoso.
The attackers reportedly stormed the schools around 9:30am, abducting several teachers and students during the operation that threw the communities into panic.
Following the incident, the Inspector-General of Police, Olatunji Disu, visited the affected area on Saturday and ordered the deployment of additional detectives from the Force Headquarters in Abuja to support ongoing rescue efforts.
News
FG launches GovGuideNigeria to boost citizens governance access
GovGuideNigeria platform is accessible through WhatsApp and the web, and is available in English, Hausa, Igbo, and Yoruba to ensure wider accessibility for citizens across different linguistic backgrounds.
The Minister of Communications, Innovation, and Digital Economy, Dr Bosun Tijan, has said that Nigerians can now access the government information and services through the newly launched GovGuideNigeria.
The artificial intelligence-powered platform was launched on May 21 by the government in collaboration with Meta, the National Centre for Artificial Intelligence and Robotics (NCAIR), and local developer partner Publica AI.
According to the Minister, the platform is accessible through WhatsApp and the web, and is available in English, Hausa, Igbo, and Yoruba to ensure wider accessibility for citizens across different linguistic backgrounds.
Tijani stated that the platform provides users with easy access to information from more than 35 federal ministries and over 60 government agencies.
He described the initiative as part of the government’s efforts to improve public service delivery through technology and digital innovation.
Sade Dada, Head of Public Policy, Meta, said during the launch “Meta’s open-source AI is critical to economic growth and productivity — and GovGuide Nigeria, is a clear example of what this looks like in practice.
Ignatius Willie, CEO, Publica AI said, “Today is not just a product launch. It is a step towards democratising how Nigerians engage with their government. With GovGuide Nigeria, we are not simply digitising access to public services; we are making them conversational, multilingual, and available on the channels Nigerians already use every day.
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