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Rising inflation pushes more Nigerians into poverty under Tinubu govt

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Nigeria’s rising inflation continues to bite harder, pushing more citizens into poverty as the cost of living and purchasing power shrink under President Bola Ahmed Tinubu’s administration.

This is as headline inflation increased 24 times in two years to 27.33 per cent in October, propelled by food inflation, which soared to 31.52 per cent in October 2023 from 30.64 per cent in September 2023.

Food items, accommodation, clothing, electricity, education fees and other prices have all hit the rooftop.

The Central Bank of Nigeria, CBN, quickly insisted that its recent monetary policy has started yielding results despite not holding the Monetary Policy Committee’s meeting since September.

But, a recent market survey showed that food prices have recently skyrocketed by at least 20 per cent.

For instance, a mudu of rice had moved to N1,700 from N1,500, beans (Red) to N1100 from N800, 1.4-litre of groundnut oil to N3,000 from N2500, a loaf of bread N1100 from N700, eggs to N3000 from N2700 for a crate, garri (Red) N700 from N500 a mudu.

Chinedu Odah, an Abuja resident explaining the impact of inflation on him, said, “Through the past months, I have been on a daily survival mode because of hikes in the price of goods and services.

“At the same time, there is also an upsurge in the cost of education, so I am not only struggling to cater to feed my family but I am also met with the battle to keep them in their various schools regardless of the increment.

“So, truthfully, I derive my strength from a saying: when it gets overwhelming, remember God is too big to owe you.

“Huge sacrifices are being made on my end, given my position and responsibility in the home, just to try and keep up with the running costs.

“Months back, we budgeted and spent N10,000 to provide basic needs for the family in a week. Currently, N20,000 is barely enough to cover the same costs.

“Months ago, I spent N1,000 for daily transportation to work in the Central Area and back home. Currently, I spend N2,500 from my house to the same Central Area and back home.”

Odah is not alone, Amina Zakaria, a resident of Kaduna, said her household is living from hand-to-mouth due to the hike in food prices.

“We no longer eat three square meals, sometimes one, at other times it is two, walahi Nigeria hard for my family”, she said.

Nkechi Nwankwo, a resident of Port Harcourt Rivers State, said, “The prices of food items are increasing daily, the worst thing is that my income has remained the same. Money has value, too. One can’t buy things in the market.”

This is the lamentation on the lips of many Nigerians, whether in the North or South.

According to the World Bank, in the five months of 2023, accelerating inflation pushed four million Nigerians into poverty.

The Washington-based development bank’s data came months after the multidimensional poverty index released in November last year said 133 million people in Nigeria live below the poverty line.

But upon the emergence of President Tinubu, he vowed to take Nigeria’s economy out of the woods with his renewed hope mantra, but months down the line, Nigerians are yet to have the feelgood factor.

Since June this year, the fuel subsidy removal and foreign market liberalisation have negatively impacted the nation’s economy.

Though the government said that after subsidy removal, its revenue jumped from an average of N650 million monthly to over N1 trillion in the last four months, the impact on the well-being of Nigerians is yet to be felt.

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Kogi State Government Creates New Traditional Stools, Reinstates Suspended Monarch, Moves to Resolve Bagana Crisis

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In a significant move aimed at strengthening traditional institutions and fostering peace, the Kogi State Government has approved the creation of several new traditional stools across the state. The decision was announced following a State Executive Council meeting held in Lokoja.

Commissioner for Local Government and Chieftaincy Affairs, Barr. Salami Ozigi Deedat, disclosed the development, stating that the newly established stools include the Ohiekura of Osara, the Ohireba Anebira of Lokoja, and the Ohi of Eganyi — now renamed the Ohi of Ajaokuta. The latter will also serve as Chairman of the Ajaokuta Local Government Traditional Council.

In a bid to address ongoing tensions in Bagana, Omala Local Government Area, the Council also approved the creation of a distinct traditional stool for the community. According to Deedat, the move is a strategic step toward resolving the protracted crisis in the area and fostering lasting peace.

In a related development, the state government has lifted the suspension of the Onu Ife of Omala, His Royal Highness Boniface Musa, who also chairs the Omala Local Government Traditional Council. The reinstatement, according to the Commissioner, comes after the monarch showed “remorse and regret” over actions that previously led to his suspension.

Barr. Deedat reiterated the Ododo administration’s commitment to preserving the state’s cultural heritage, empowering traditional leadership, and promoting peace, unity, and development at the grassroots level.

These developments are part of broader efforts by the state government to enhance local governance and maintain stability across Kogi State.

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JUST IN: Ex-minister, Audu Ogbe Dies at 78

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Chief Audu Ogbeh, a respected statesman, writer, and former Minister of Agriculture and Rural Development, has died at the age of 78. His death was confirmed by his family in a statement released on Saturday.

“It is with deep sadness that we announce the passing of our beloved husband, father, and grandfather, Chief Audu Ogbeh,” the statement read. “He passed away peacefully, leaving behind a legacy of integrity, service, and dedication to our nation and community.”

The family expressed appreciation for the outpouring of support and condolences from the public, while requesting privacy as they grieve. Funeral arrangements, they said, will be announced at a later date.

Born on July 28, 1947, in Efugo-Otukpa, Ogbadibo Local Government Area of Benue State, Ogbeh led a distinguished career that spanned politics, agriculture, and the arts. He served as Nigeria’s Minister of Agriculture and Rural Development from 2015 to 2019, where he was known for championing food security and rural development initiatives.

Ogbeh’s political journey also saw him serve as Minister of Communications in the early 1980s during Nigeria’s Second Republic. From 2001 to 2005, he held the position of National Chairman of the Peoples Democratic Party (PDP), playing a significant role in shaping the country’s democratic landscape.

In addition to his public service, Ogbeh was a prominent literary figure, having authored several plays that remain influential in Nigerian literature.

Chief Ogbeh is remembered not only for his contributions to governance and the arts but also for his deep commitment to community and national development. He is survived by his wife, children, grandchildren, and a nation that mourns his loss.

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First Lady Oluremi Tinubu visits Former Lady Aisha Buhari in Kaduna

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The First Lady of the Federal Republic of Nigeria, Senator Oluremi Tinubu has led a delegation of wives of National Assembly members and some wives of State Governors on a condolence visit to the Kaduna residence of the late President Muhammadu Buhari.

In a press statement signed by Busola Kukoyi, SSA Media to the First Lady of the Federal Republic of Nigeria on Friday 8th August, 2025, Senator Tinubu was warmly received by the Former First Lady of Nigeria, Dr Aisha Buhari, with whom she shared a heartfelt embrace, reflecting the deep mutual respect and friendship between them.

The visit was marked by moments of comfort and solidarity, as the delegation expressed their sympathy to Dr Aisha Buhari and her family over the passing of the late President.

The Wife of the Vice President, Hajia Nana Shettima, alongside the Wife of the Speaker of the House of Representatives, Hajia Fatima Tajudeen Abass, and other dignitaries including the Wife of the Kwara State Governor, Amb. Dr Olufolake Abdulrasaq, and the Wife of the Kaduna State Governor, Hajia Hafsat Uba Sanni, joined in offering condolences.

The visit served as a testament to the unity and shared compassion among Nigeria’s leaders and their spouses at all times.

The First Lady had paid a similar visit to the Daura home of the Late National Leader on July 19, leading a delegation made up of Governors and Ministers Wives, as well as Spouses of Service Chiefs.

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