Headlines
Nigeria’s inflation rate hits 27.33% in October– NBS
Nigeria’s inflation rate hits 27.33% in October– NBS
The National Bureau of Statistics (NBS) said Nigeria’s headline inflation rate increased to 27.33 per cent in October 2023.
The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for October, which was released in Abuja on Wednesday.
According to the report, the figure, which is 0.61 per cent points higher compared to 26.72 per cent recorded in September 2023.
It said on a year-on-year basis, the headline inflation rate in October was 6.24 per cent higher than the rate recorded in October 2022 at 21.09 per cent.
The report said the increase in the headline index for October 2023 on a year-on-year basis was attributed to the increase in some items in the basket of goods and services at the divisional level.
It said these increases were observed in food and non-alcoholic beverages at 14.16 per cent and housing, water, electricity, gas, and other fuel at 4.57 per cent.
Others were clothing and footwear at 2.09 per cent; transport at 1.78 per cent; furnishings, household equipment and maintenance at 1.37 per cent, education at 1.08 per cent, and health at 0.82 per cent.
It added, “Miscellaneous goods and services at 0.45 per cent; restaurant and hotels at 0.33 per cent; alcoholic beverage, tobacco and kola at 0.30 per cent; recreation and culture at 0.19 per cent, and communication at 0.19 per cent.”
In addition, the report said, on a month-on-month basis, the headline inflation rate in October 2023 was 1.73 per cent, which was 0.37 per cent lower than the rate recorded in September 2023 at 2.10 per cent.
This means that in October 2023, the rate of increase in the average price level is less than the rate of increase in the average price level in September 2023.
It said the percentage change in the average CPI for the 12 months ending October 2023 over the average of the CPI for the previous corresponding 12-month period was 23.44 per cent.
“This indicates a 5.57 per cent increase compared to 17.86 per cent recorded in October 2022.”
The report said the food inflation rate in October increased to 31.52 per cent on a year-on-year basis, which was 7.80 per cent higher compared to the rate recorded in October 2022 at 23.72 per cent.
It added, “The rise in food inflation on a year-on-year basis is caused by increases in prices of oil and fats, bread and cereals, fish, potatoes, yams and other tubers, fruits, meat, vegetable, milk, cheese and eggs.”
Nigeria’s inflation rate hits 27.33% in October– NBS
Headlines
Kano inaugurates 14-member committee to review education policies
The Kano State Government has inaugurated a 14-member committee tasked with reviewing existing education policies in the state.
Inaugurating the committee on Thursday in Kano, the Commissioner for Education, Dr Ali Makoda, said that the committee was constituted by the Kano State Executive Council to assess the state’s education policies.
“This committee was originally scheduled to be inaugurated by the governor, but due to prior engagements, he has delegated the responsibility to me so that we can begin our work immediately,” Makoda stated.
The Commissioner outlined the committee’s terms of reference, which include reviewing the four existing education policies in the state to assess whether they align with the cultural and religious beliefs of the people.
“Evaluating the feasibility of implementing the policies, and making recommendations to strengthen the state’s education system.”
He noted that the four policies to be reviewed include the Kano State Girls’ Education Policy, Kano State Gender Equity and Social Inclusion Policy, Kano State Non-State School Policy, and Kano State Teacher Development Policy.
Makoda announced that the committee has been given three weeks to submit its report, and urged the members to leverage their expertise to produce recommendations that would enhance the state’s education sector.
In his response, the committee chairman, Malam Abdullahi Dutse, assured the commissioner of the committee’s commitment to work collaboratively to meet the expectations placed on them.
“Considering the diverse expertise of the committee members, I believe the government has selected individuals with the right skills to address the challenges facing education in the state. We will work diligently to provide the necessary report,” he said.
The committee’s members include Malam Abdullahi Dutse (Chairman), Prof Abdallah Uba -Adamu, Habibu Dan Almajiri, Alhaji Danlami Garba, Kano State Commissioner for Women, Children, and Disabled Affairs Hajiya Amina Abdullahi, and Isa Ahmad.
Other members are Prof Tijjani Naniya, Malam Kabiru Hanga, Munzali Mustapha, Prof Auwal Halliru Arzai, and Dr Bashir Aliyu -Umar.
The remaining include the representatives of the Emirate Council and Civil Society Organizations, and Ibrahim Bawa, Director of Archives and Publications, who will serve as Secretary of the committee.
Headlines
U.S commends Nigeria over Galactica funds repatriation efforts
The U.S. Deputy-Secretary of State, Kurt Campbell, has extolled Nigeria’s partnership in the successful repatriation of funds linked to forfeited luxury real estate and Galactica Star Superyacht. (more…)
Headlines
Tinubu congratulates Nigerian scientists, engineers on making Biden’s honour list
President Bola Tinubu has congratulated six Nigerians named by President Joe Biden among the 400 recipients of the Presidential Early Career Award for Scientists and Engineers (PECASE) in the United States.
This recognition, established by former President Bill Clinton in 1996, is the highest honour bestowed by the United States government on outstanding scientists and engineers in the early stages of their careers.
This year’s awardees, announced by Biden on Jan. 14, are employed or funded by 14 participating United States government agencies, Mr Bayo Onanuga, the President’s Spokesman, said in a statement on Thursday in Abuja.
The Nigerian honourees include Azeez Butali, Gilbert Lilly Endowed Professor of Diagnostic Sciences, College of Dentistry, University of Iowa; and Ijeoma Opara, Associate Professor of Public Health (Social and Behavioral Sciences), Yale School of Public Health, Yale University.
Others are: Oluwatomi Akindele, Postdoctoral researcher at Lawrence Livermore National Laboratory; and Eno Ebong, Associate Professor of Chemical Engineering, Bioengineering, and Biology at Northeastern University;
The rest are: Oluwasanmi Koyejo, Assistant Professor of Computer Science at Stanford University; and Abidemi Ajiboye, Executive vice Chair of the Case School of Engineering, Department of Biomedical Engineering, and Case Western Reserve University.
Tinubu commended the awardees for their achievements in science, technology and engineering.
He noted that recognising the talents of the awardees underscored Nigerians’ vast potential to excel both at home and on the global stage.
Tinubu looked forward to the honourees sharing their multidisciplinary expertise to benefit Nigeria’s development efforts under the Renewed Hope Agenda. (more…)
-
Business3 years ago
Facebook, Instagram Temporarily Allow Posts on Ukraine War Calling for Violence Against Invading Russians or Putin’s Death
-
Headlines3 years ago
Nigeria, Other West African Countries Facing Worst Food Crisis in 10 Years, Aid Groups Say
-
Foreign3 years ago
New York Consulate installs machines for 10-year passport
-
Technology4 months ago
Zero Trust Architecture in a Remote World: Securing the New Normal
-
Entertainment2 years ago
Phyna emerges winner of Big Brother Naija Season 7
-
Business8 months ago
Nigeria Customs modernisation project to check extortion of traders
-
Business10 months ago
We generated N30.2 bn revenue in three months – Kano NCS Comptroller
-
Headlines7 months ago
Philippines’ Vice President Sara Duterte resigns from Cabinet