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Rising inflation pushes more Nigerians into poverty under Tinubu govt

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.
News
Governor Soludo Mourns Pope Francis, consoles Catholic Faithful

Anambra State Governor, Professor Chukwuma Charles Soludo, CFR, has expressed deep sadness at the passing of His Holiness, Pope Francis, who departed peacefully on Easter Monday, April 21, 2025, at the age of 88.
In his condolence message, Governor Soludo extends his solemn condolences to the Catholic Church in Anambra State, Nigeria, the Vatican, and the global Christian community.
He said the loss of Pope Francis, a globally respected icon of faith, humility, and compassion, has indeed grieved the hearts of Catholics and all humanity as his lifelong dedication to championing the cause of the poor, fostering interfaith unity, and advocating for peace and justice has left the world a better place.
Governor Soludo further remarked that “Pope Francis was a shepherd whose legacy transcended borders” .
“His teachings on love, mercy, and solidarity touched base with the people of Anambra, inspiring the government to build a society rooted in dignity and hope” .
“Indeed, the Holy Father’s passing on Easter Monday, a day symbolising Christ’s triumph over death, is deeply instructive and a reflection on the enduring power of resurrection and hope” .
Governor Soludo however stands in solidarity with the global Catholic community during this period of mourning, celebrating a life extraordinarily lived in service to God and humanity, and praying for the soul of Pope Francis to find repose in the comforting grace of the Almighty God.
News
BREAKING: Pope Francis dies at 88

Pope Francis has died at the age of 88.
The Vatican confirmed that the pontiff passed away on Easter Monday at his residence in the Casa Santa Marta within Vatican City.
Camerlengo of the Apostolic Chamber, Cardinal Kevin Farrell, announced the death of Pope Francis from the Casa Santa Marta on Monday morning.
Farrel said the Pope died at exactly 7.35am.
His death comes hours after he greeted Catholic faithful who were at the Vatican on Sunday for the Easter mass.
The announcement by Cardinal Farrel read, “Dearest brothers and sisters, with deep sorrow, I must announce the death of our Holy Father Francis.
“At 7:35 this morning, the Bishop of Rome, Francis, returned to the house of the Father.
“His entire life was dedicated to the service of the Lord and of His Church. He taught us to live the values of the Gospel with fidelity, courage, and universal love, especially in favour of the poorest and most marginalised.
“With immense gratitude for his example as a true disciple of the Lord Jesus, we commend the soul of Pope Francis to the infinite merciful love of the One and Triune God.
”It would be recalled that Pope has been undergoing recovery after he was discharged from the Agostino Gemelli Polyclinic Hospital.
After 38 days in hospital, the late Pope returned to his Vatican residence at the Casa Santa Marta to continue his recovery.
The Pope was admitted on Friday, February 14, 2025, after suffering from a bout of bronchitis for several days.
Pope Francis’ clinical situation gradually worsened, and his doctors diagnosed bilateral pneumonia on Tuesday, February 18.
In 1957, in his early 20s, Jorge Mario Bergoglio underwent surgery in his native Argentina to remove a portion of his lung that had been affected by a severe respiratory infection.
As he aged, Pope Francis frequently suffered bouts of respiratory illnesses, even cancelling a planned visit to the United Arab Emirates in November 2023 due to influenza and lung inflammation.
In April 2024, the late Pope Francis approved an updated edition of the liturgical book for papal funeral rites, which will guide the funeral Mass, which has yet to be announced.
The second edition of the Ordo Exsequiarum Romani Pontificis introduces several new elements, including how the Pope’s mortal remains are to be handled after death.
The ascertainment of death takes place in the chapel, rather than in the room where he died, and his body is immediately placed inside the coffin.
According to Archbishop Diego Ravelli, Master of Apostolic Ceremonies, the late Pope Francis had requested that the funeral rites be simplified and focused on expressing the faith of the Church in the Risen Body of Christ.
“The renewed rite,” said Archbishop Ravelli, “seeks to emphasise even more that the funeral of the Roman Pontiff is that of a pastor and disciple of Christ and not of a powerful person of this world.”
News
JUST IN: Senate shifts resumption to May 6

The leadership of the 10th Senate has announced a shift in the date of its resumption.
The earlier date for resumption was fixed for April 29, 2025.
However, the new date has been adjusted to May 6.
The announcement was contained in an internal memo dated April 20, 2025, addressed to all senators and signed by the Senate Clerk, Andrew Ogbonna Nwoba.
The postponement was hinged on the International Workers’ Day public holiday, which is celebrated on May 1 and for the lawmakers to take their time to attend to key constituency engagements.
The circular reads, “Distinguished Senators, I am directed to inform you that the resumption of plenary sittings of the Senate, earlier scheduled for Monday, 29th April 2025, has been rescheduled to Tuesday, 6th May 2025.
“This postponement is made to allow Distinguished Senators to stay with their constituents during the International Workers’ Day public holiday in the first week of May and to further enhance constituency engagements.
“Distinguished Senators are kindly requested to take note of this postponement while regretting any inconvenience the change might have caused.”
Recall that the Senate had on March 27 adjourned the plenary to allow lawmakers to observe the Easter and Eid-El-Fitr holidays.
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