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
Instagram drops end-to-end encryption for private messages
With E2EE removed, Instagram will now be able to access the contents of direct messages, including text, images, videos, and voice notes.
Users of Instagram will no longer be able to send ultra-private direct messages, after parent company Meta switched off end-to-end encryption (E2EE) for the platform’s messaging service worldwide.
The move marks a major reversal for Meta, which had previously positioned E2EE as the “gold standard” for user privacy.
E2EE ensures that only the sender and recipient can read messages, but it has long been criticised by child safety campaigners who argue it can make it harder to detect abuse and illegal content.
As a result, the decision has been welcomed by child protection groups but strongly criticised by privacy advocates.
With E2EE removed, Instagram will now be able to access the contents of direct messages, including text, images, videos, and voice notes.
News
Kogi Road Crash: 16 People Feared Dead in Ghastly Accident
No fewer than 16 people have been confirmed dead after an 18-seater passenger bus plunged off a bridge in a horrific accident along the Okene-Osara-Lokoja Road in Kogi State.
The tragic incident occurred in the early hours of Friday in Osara, Adavi Local Government Area.
According to the Kogi State Sector Commander of the Federal Road Safety Corps (FRSC), Lawal Fagge, two passengers survived the crash but sustained severe injuries and are currently receiving treatment at a nearby hospital.
Fagge, who confirmed the details in a telephone interview with Arise News, attributed the accident to excessive speeding by the driver.
He commended officers from the Zariagi Unit of the FRSC for their swift response, as they promptly rescued the survivors and evacuated the injured to medical facilities.
The bodies of the deceased victims have been recovered and deposited at a morgue in Lokoja.
The latest road tragedy has once again sparked concerns over the rising cases of reckless driving and over-speeding on Nigeria’s major highways.
Road safety authorities are urging motorists to observe speed limits and adhere strictly to traffic regulations to avoid preventable loss of lives.
News
NECO Expands Global Reach as FG Moves to Computer-Based Exams by 2027.
The Registrar and Chief Executive of the National Examinations Council, Professor Dantani Ibrahim Wushishi, says the council has transformed from a struggling institution battling public distrust and infrastructure challenges into an internationally recognised examination body noted for professionalism and integrity.
Prof. Wushishi disclosed this during NECO’s 25th anniversary celebration in Abuja.
Professor Wushishi revealed that NECO now conducts examinations in eight countries, a development which reflects the growing global acceptance of the council’s certificates and standards.
According to him, the examination body has earned international recognition for promoting educational integrity and supporting academic mobility.
Highlighting recent milestones, the NECO Registrar said that the council had embarked on office construction projects in 10 states while introducing several digital innovations, including e-verification of results, digital certificates, and a data analysis studio.
He also assured that NECO would continue to intensify measures against examination malpractice, expand digital services, and strengthen collaborations with international examination bodies in line with global best practices.
Meanwhile, the Minister of Education, Maruf Tunji Alausa, announced that Nigeria will fully transition major secondary school examinations to Computer-Based Testing by 2027.
The reform, which will affect examinations conducted by both NECO and the West African Examinations Council, is aimed at curbing examination malpractice and modernising the nation’s assessment system.
The minister explained that implementation of the computer-based examination system will begin this year, with nationwide adoption expected by 2027.
He noted that the digital platform would feature real-time monitoring, digital tracking, and enhanced security measures to detect suspicious activities, while also improving transparency, efficiency, and faster processing of examination results across the country.
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