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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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South African kills Nigerian bar worker

Olaleye was allegedly shot by a South African national following an argument over whether a drinking glass should be taken outside the bar.

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• South African police

The Nigerian Union in South Africa (NUSA) says Olatunde Olaleye, a 40-year-old father of two, has been shot dead in the country.

According to NAN, NUSA said Olaleye,‌‌⁠⁠‍⁠⁠‌⁠‌⁠‍‍‌ an indigene of Ikere-Ekiti, was killed on September 21 while working at Spanata Bar and Grills in Mamelodi, Pretoria.

Smart Nwobi, NUSA president-general, in a statement on Thursday, said Olaleye was a husband and father of two children, adding that his death has left his family devastated.

He said the union is concerned by reports that Olaleye was allegedly shot by a South African national following an argument over whether a drinking glass should be taken outside the bar.

According to him, there were also reports that the suspect returned to the premises to threaten the bar’s management, with a promise that members of his crew would return.

Nwobi called for a thorough, transparent and impartial investigation into the circumstances surrounding the incident.

“We cannot continue to lose Nigerians under circumstances that leave families devastated and communities traumatised,” he said.

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Nigerian Editors Brace for Democracy Protection Ahead of 2027 Elections

“As editors, we must remain above board in an increasingly polarised environment. We must not become agents of disorder. Neither should we display contradictory tendencies that cause the citizenry to question our credibility,” Anaba said.

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Enugu|•L-R Prof Pat Utomi; Prof Chinyere Okunna and Eze Anaba President Nigerian Guild of Editors at the 22nd All Nigerian Editors Conference in Enugu. Photo. Nwankpa Chijioke


Nigerian editors have been urged to protect the credibility of the ballot and help safeguard democracy as the country prepares for the 2027 general elections.

The call was made by Eze Anaba, President of the Nigerian Guild of Editors (NGE) and Editor of Vanguard Newspaper, in his welcome address at the 22nd Annual All Nigerian Editors Conference, which opened today in Enugu.
The conference is themed, “The Ballot, the Media and the Task of Keeping Democracy Alive.”
Anaba said the media, alongside other critical institutions, had a responsibility to nurture democracy by ensuring that voters were adequately informed and that electoral outcomes reflected the choices of the people.

According to him, the ballot can only fulfil its democratic purpose when voters have access to credible information and are able to make their choices freely, without intimidation or undue influence.

He urged editors and journalists to uphold verification, independence, accuracy, fairness, accountability and courage, particularly in an era of social media, artificial intelligence, deepfakes and the rapid spread of misinformation.

“As editors, we must remain above board in an increasingly polarised environment. We must not become agents of disorder. Neither should we display contradictory tendencies that cause the citizenry to question our credibility,” Anaba said.

He stressed that the media’s overarching responsibility was to serve the public good and help ensure that government derived its legitimacy from the consent of the people.

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Works Minister Orders Tinubu’s Pictures On First Niger Bridge

“The President has worked so hard and we need to reward his hard work by decorating this bridge with his pictures.”

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Minister of Works, David Umahi, has ordered the removal of illegal advertisements from the rehabilitated First Niger Bridge and their replacement with pictures of President Bola Tinubu, saying the display would recognise the President’s work on infrastructure.

Umahi gave the directive during an inspection of ongoing rehabilitation works on the bridge linking Anambra and Delta states.

He said the bridge was expected to reopen to motorists next week, subject to the completion of critical structural work.

“Once we are done with work on this bridge, I want all the illegal adverts on this bridge removed. Anyone who wants to advertise should apply to the Ministry of Works. For now, the bridge will be decorated with the pictures of President Tinubu,” Umahi said.

“The President has worked so hard and we need to reward his hard work by decorating this bridge with his pictures.”

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