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Top Seven States In Nigeria with Highest Inflation

The persistent rise was primarily driven by steep increases in food and transportation costs following the removal of fuel subsidies and continued naira depreciation, compounded by insecurity and flooding in the agricultural belt of the nation.

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The National Bureau of Statistics (nbs) says that food inflation on a Year-on-Year basis was highest in Sokoto (52.18%), Edo (46.55%), Borno (45.85%).

The nbs disclosed this in its October 2024 Consumer Price Index (CPI), released today on its website. In the state by state comparison, the inflation rate in Bauchi was 46.68%, Kebbi 40.02% ; Kwara (31.68%), Kogi (33.30%), and Rivers (33.87%).

The persistent rise was primarily driven by steep increases in food and transportation costs following the removal of fuel subsidies and continued naira depreciation, compounded by insecurity and flooding in the agricultural belt of the nation.

Said the report: ” In October 2024, the Headline inflation rate was 33.88% relative to the September 2024 headline inflation rate of 32.70%.

Looking at the movement, the October 2024 Headline inflation rate increased by 1.18% points compared to the September 2024 Headline inflation rate. On a year-on-year basis, the Headline inflation rate was 6.55% points higher than the rate recorded in October 2023 (27.33%).

This shows that the Headline inflation rate (year-on-year basis) increased in October 2024 when compared to the same month in the preceding year (i.e., October 2023).

Furthermore, on a month-on-month basis, the Headline inflation rate in October 2024 was 2.64%, which was 0.12% higher than the rate recorded in September 2024 (2.52%).

This means that in October 2024, the rate of increase in the average price level was higher than the rate of increase in the average price level in September 2024. 

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JUST IN: Oluremi Tinubu Donates 1 Billion naira to victims of Yelwata attack

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The Wife of the President Oluremi Remi Tinubu has donated the sum of one billion naira to victims of the horrific Yelwata attack in Benue State.

Oluremi Tinubu who announced the donation during her condolence visit to the state, described the killings as very unnecessary.

About 6 weeks after the heart wretching attack on Yelwata community of Guma local council of Benue State State Wife of the President Oluremi Tinubu visits to pay her condolence.

She proceeds to the new banquet hall of the Government house Makurdi where she meets with relevant stakeholders and makes a significant donation on behalf of council of the renewed hope agenda initiative.

Earlier State Governor Hyacinth Alia while appreciating the show of sympathy by the first family renewed his call for the establishment of State police.

Chairman State Council Of Chiefs the Tor Tiv Orchivirigh James Ayatse wants the killer terrorists flushed out of the State and neighbouring Nassarawa State.

He equally called for compensation for victims to rebuild their lives and return back to their ancestral homes.

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Lekki Airport: Residents Call for Compensation Ahead of Demolition

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Residents of the Ajiwe community in Ajah, Lagos State, have appealed to Governor Babajide Sanwo-Olu to suspend the planned demolition of their homes for infrastructure projects until they receive adequate compensation.

The affected landlords and tenants claim their properties have been marked for demolition to make way for the Gas Link pipeline and Green Line Rail projects—key components of the new Lagos Airport under construction in Ibeju-Lekki.

Over the weekend, the residents staged a protest along the Abraham Adesanya Expressway, carrying placards with messages such as: “No Demolition Without Compensation,” “We Say No to Gas Link and Rail Project Demolitions Without Compensation,” and “Compensate Us First.”

Kehinde Alakoso, who spoke on behalf of the protesters, acknowledged the public importance of the projects but emphasized the need to account for the human impact.

“These projects may serve the greater good, but the government must also fulfill its legal and moral obligation to compensate displaced residents,” he said.

Alakoso added that formal letters had been submitted to Governor Sanwo-Olu, the Commissioner for Physical Planning and Urban Development, Dr. Oluyinka Olumide, and other relevant authorities in the state.

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Flood Death Toll in Adamawa Rises to 23, Governor Fintiri Visits Affected Communities

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Adamawa State Governor, Ahmadu Fintiri, on Monday confirmed that the death toll from Sunday’s devastating flood in Yola has climbed to 23, with many more still missing.

Upon arriving at Yola International Airport at 1:45 p.m., the governor proceeded directly to affected communities in Yola South Local Government Area, where he offered condolences to victims and assessed the damage.

At a temporary displacement camp set up at Yelewa Primary School, Fintiri met with displaced families, expressed his grief, and reassured them of the government’s commitment to providing immediate relief materials.

He announced the formation of a technical committee, in collaboration with the Adamawa State Emergency Management Agency (ADSEMA) and the National Emergency Management Agency (NEMA), to carry out a comprehensive assessment of the destruction.

“We will constitute a technical committee to carry out a thorough assessment. Based on their findings, we will take concrete steps to assist affected residents,” the governor stated.

Fintiri also condemned attempts by some individuals to politicize the tragedy, warning against the spread of misinformation.

“This is not a time for politics or finger-pointing. It’s a time for unity and action,” he said.

He attributed the flooding to a combination of heavy rainfall and poor drainage caused by blocked water channels, emphasizing the need to address structural deficiencies to prevent future disasters.

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