News
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
LASG reopens Abbatoir at Oko-Oba
The announcement was made by the State Commissioner for the Environment and Water Resources, Mr Tokunbo Wahab in a statement he personally signed.
image credit : arisetv
Lagos State Government on Friday night directed the immediate re-opening of the Abbatoir at Oko-Oba following the fulflment of sanitation and hygienic prescriptions by the operators.
The announcement was made by the State Commissioner for the Environment and Water Resources, Mr Tokunbo Wahab in a statement he personally signed.
Mr Wahab said that the operators have substantially complied with the minimum benchmark for the operations of abbatoirs in the state which was flagrantly flouted necessitating the closure.
He informed that part of the conditions for the reopening is that on a monthly basis, the ministry of the Environment and Water Resources officials will conduct a periodic inspection of the facilities at the Abbatoir.
He urged the operators to avoid unsanitary activities, waste mismanagement and unhygienic handling of animal products as they conduct their businesses.
It will be recalled that the Oko-Oba Abbatoir was shut by the State Government on June 20 following an inspection by top State officials which discovered a flagrant disregard of the laws guiding safe operations of abbatoirs in the state.
SignedKunle AdeshinaDirector (Public Affairs)June 27, 2025
News
Again, Vanguard’s Editor, Eze Anaba Emerges NGE President
The Managing Director of The Sun newspaper, Onuoha Ukoh, clinched the position of General -Secretary .
Anaba, who was the incumbent, was returned unopposed, a development attributed to his widely acknowledged record of administrative excellence.
THE Nigerian Guild of Editors (NGE) on Friday reelected Mr Eze Anaba – the Editor of the Vanguard newspaper, as the President, during their ongoing Biennial National Convention in Enugu.
Anaba, who was the incumbent, was returned unopposed, a development attributed to his widely acknowledged record of administrative excellence.
The Managing Director of The Sun newspaper, Onuoha Ukoh, clinched the position of General -Secretary .
Other elected officers include:
Deputy President: Sabastine Abu
Vice President, West: Karbi Alabi
Vice Presidents: Hamza Idris and Sheddy Ozoene
Treasurer: Iyobosa Uwugiaren
Assistant Secretary: Gabriel Fulajimi Akinadewo
Publicity Secretary: Charles Kanu
Earlier , the Chairman of Channels Media Group, Dr. John Momoh had said that there can be no security without justice, and no unity without progress.
Momoh, who was Chairman of the Convention said that there can be no progress within inclusion.
He pointed out that insecurity has reared its head in many of Nigeria’s regions, while the country had witnessed divisions across ethnic and religious limes, while economic hardship and rising frustrations have made the citizens ask tough questions about Nigeria’s future.
Momoh enjoined the media not only to report conflict, but to also spotlight solutions. “Let’s promote understanding. Let’s be bridge-builders’, he said.
Abdullahi Umar Ganduje has resigned as the National Chairman of the All Progressives Congress (APC), with immediate effect.
Ganduje, who previously served as the Governor of Kano State from 2015 to 2023, cited health reasons for his resignation, stating the need to focus on his personal well-being.
His tenure as APC chairman, which began in August 2023, was riddled with internal party crises, legal disputes, and allegations of financial misconduct.
While his resignation letter attributed the move solely to health concerns, party insiders suggest rising political tension and internal opposition may have influenced his decision.
There have also been reports linking his exit to accusations of financial impropriety.
Some party members allegedly protested against what they described as “excessive financial demands” from his office—particularly over complaints by aspirants for FCT area council positions about the high fees required to secure party tickets.
Ganduje’s leadership faced multiple legal challenges. In April 2024, a Kano State High Court issued an ex parte order barring him from identifying as a party member, following a suit filed by some APC officials.
Although a separate suit filed by the APC North Central Forum seeking his removal was later dismissed by a Federal High Court in Abuja, his position remained contentious.
As the APC is yet to issue an official statement, speculation continues to mount over the true circumstances of Ganduje’s departure and its potential implications for the party’s future direction.
LASG reopens Abbatoir at Oko-Oba
Again, Vanguard’s Editor, Eze Anaba Emerges NGE President
BREAKING: Ganduje Resigns as APC National Chairman with immediate effect
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