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.”
Crime
BREAKING: Pregnant woman, Nursing Mothers, children, others kidnapped in Fresh Kwara Attack
At least 11 residents of Isapa, a community close to Eruku in Ekiti Local Government Area of Kwara State, have been abducted.
The attack happened barely 24 hours after victims abducted during a church service were released.
A Christ Apostolic Church in Ekuru was holding a thanksgiving service to celebrate the freedom of 18 worshippers kidnapped about a month ago when gunmen broke in and abducted 38 persons after gunning down three.
The fresh attack, which occurred around 6:00 p.m. yesterday, it was gathered, was carried out by an estimated 20 to 30 terrorists.
They reportedly fired sporadically as they advanced, forcing residents to flee for safety.
An elderly woman was reportedly hit by a stray bullet during the incident.
A community leader, who confirmed the development under strict anonymity, said “eleven people were kidnapped, seven of them from the same household.
“The victims include a pregnant woman, two nursing mothers, and several young children”, he said.
Those abducted were identified as Talatu Kabiru, 20; Magaji, 6; Kande, 5; Hadiza, 10; Mariam, 6; Saima, 5; a housewife, Habibat; another housewife, Fatima Yusufu; a pregnant woman, Sarah Sunday, 22; a nursing mother, Lami Fidelis, 23; and another nursing mother, Haja Na Allah.
Eyewitnesses said the gunmen moved through sections of the town, leaving bullet holes in walls and doors.
Expended AK-47 shells were later recovered from several points in the community after the attackers retreated with their captives.
It was gathered that the situation has heightened tension across Isapa and surrounding settlements as security agencies and local vigilante groups intensify efforts to locate the kidnappers and rescue the victims.
Commissioner of Police, Adekimi Ojo, confirmed the incident, saying, “Yes, there was an incident, but I cannot say much now. I am about to enter Isapa from Ilorin. I will update you when I get there.”
Nigeria is currently witnessing one of its worse security crisis in history.
This has led to mass closure of schools, especially in the North.
Crime
DSS Releases Suspected IPOB Member Detained Since 2022
……Awards N5m Compensation and Medicare.
Barely one month after directing the payment of N10 million compensation to Abuja businesswoman Mrs Chineze Ozoadibe, the Director-General of the Department of State Services (DSS), Oluwatosin Adeola Ajayi, has ordered the immediate release of Mr Kenneth Okechukwu Nwafor from Isuikwuato LGA, Abia State, who has been in detention since July 2022 over alleged links to the proscribed Indigenous People of Biafra (IPOB).
Mr Nwafor was also awarded N5 million in compensation and granted free medical care. Credible security sources disclosed that a comprehensive review of inherited cases exonerated him completely.
In the same vein, three other Abia indigenes – Udemba, Onyedikachi and Eze – earlier detained on similar IPOB-related allegations have been released after investigations cleared them.
A senior DSS source told journalists: “The DG gave a standing order for thorough case-by-case reviews of all pending and inherited detentions to ensure justice and due process. Mr Nwafor’s case is one of many that have been resolved under this directive.
”The source described the actions as evidence of Mr Ajayi’s commitment to the rule of law, accountability and swift remediation of operational errors.
Since assuming office, the DSS boss has overseen several high-profile compensations, including:- N20 million (double the court-awarded N10 million) to a Jos businessman mistakenly shot in the leg during a 2016 operation;- N10 million to Mrs Ozoadibe last month;- Additional N10 million shared among five other wrongly accused persons in the same matter.
“Mr Ajayi believes that when mistakes occur, the honourable thing is to correct them promptly and fairly and transparently. That culture is now firmly established in the Service,” the source added.
The latest releases and compensations have been widely seen as part of ongoing reforms to restore public trust in the agency.
News
FG Launches Counter Terrorism Strategic Plan 2025 – 2030
For ours, the question is clear: How do we secure our nation, safeguard our people and set Nigeria irreversibly on the path of peace, growth and stability?“ The Strategic Plan 2025 – 2030 answers this question with vision, discipline and ambition.
The President of the Senate, Godswill Akpabio has formally unveiled Nigeria’s Counter Terrorism Strategic Plan 2025 – 2030.
The Strategic Plan was put together by the National Counter Terrorism Centre in the Office of the National Security Adviser.
In his Keynote address, Akpabio said the occasion was not merely the launch of another policy document but a defining moment in the nation’s journey.
“It is a moment when Nigeria again reaffirms that our people deserve to live without fear, that our children deserve a future of peace, and that our nation must be secured to prosper,” he said.
The Senate President remarked that every generation faced a question that history demanded it must answer.
“For ours, the question is clear: How do we secure our nation, safeguard our people and set Nigeria irreversibly on the path of peace, growth and stability?“ The Strategic Plan 2025 – 2030 answers this question with vision, discipline and ambition.
It offers a framework for transforming our institutions, modernising our security architecture, strengthening national resilience and expanding partnerships across government, industry, civil society and the international community”
“As President of the Senate, I have seen how insecurity weakens the foundations of development. Investors withdraw, schools close, farmers abandon their fields, and hope retreats from the hearts of our young people.
That is why a pragmatic, forward-looking and implementation-driven plan such as this is timely, necessary and welcome.”
(Independent)
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