NBS Archives - Voice of Liberty NG

‘Lagos tops, as national debt climbs to ₦152.39tr’ -NBS

December 3, 2025December 3, 2025 Aminu Imam

Nigeria’s total public debt climbed to ₦152.39 trillion in the second quarter of 2025, with Lagos once again emerging as the most indebted state, according to new figures released by National Bureau of Statistics, (NBS). The latest debt profile, which captures both external and domestic obligations of the federal and state governments, reflects a 2.01 per cent increase from the ₦149.38 trillion recorded in the first quarter of the year. The rise underscores the country’s continued reliance on borrowing to stabilise public finances amid revenue constraints and mounting developmental needs.…

“Nigeria has 2nd-highest number of poor people globally” – Former NBS boss, Yemi Kale

October 3, 2025October 3, 2025 Aminu Imam

Former Statistician-General of the National Bureau of Statistics (NBS), Yemi Kale, says approximately 89 million people, or 40% of Nigeria’s population, now live below the poverty line. Kale, currently the group’s Chief Economist and Managing Director of research and trade intelligence at Afreximbank, spoke at ‘The Platform’ Nigeria’s Independence Day event, themed: ‘Rebuilding Our Nation’. According to the economist, Nigeria is the country with the second-highest number of poor people globally after India. “To grasp the magnitude of this number, we can consider that fewer than 20 of the world’s…

‘Firewood exports hit ₦65.85bn’ – NBS

June 16, 2025June 16, 2025 Aminu Imam

Amid growing demand for biomass energy sources across West Africa, Nigeria exported energy goods valued at ₦65.85bn in the first quarter of 2025, the National Bureau of Statistics (NBS) has revealed in its latest report. The report, titled: ‘Foreign Trade in Goods Statistics’, showed that the vast majority of the exports ₦65.65bn were sent to other African countries. According to the report, the Economic Community of West African States (ECOWAS) nations account for ₦49.15bn, or over 74 percent of the amount. The energy goods, categorised by the NBS as “fuel…

Nigeria’s inflation rate rises to 34.80%

January 16, 2025January 16, 2025 Aminu Imam

Latest data by the National Bureau of Statistics, (NBS), has shown that headline inflation rose to 34.80% in December 2024, relative to the November 2024 headline inflation rate of 34.60%. The food inflation rate in December 2024 was 39.84% on a year-on-year basis, a 5.91% percentage points higher when compared to the rate recorded in December 2023 (33.93%). The NBS said the rise in food inflation on a year-on-year basis was caused by increases in prices of some food items, including yam, sweet potatoes and beer. The December 2024 inflation…

?Nigerians paid N2.3tr as ransom in 1yr � NBS

December 19, 2024December 19, 2024 Aminu Imam

…51.9m crime incidences recorded Nigerians paid a staggering N2.3 trillion in ransom over a 12-month period, according to a report released by the National Bureau of Statistics (NBS) on Tuesday. The figure, drawn from the 2024 Crime Experience and Security Perception Survey (CESPS), underscores the financial toll of crimes in the country. The survey, covering May 2023 to April 2024, revealed that 65 percent of households impacted by kidnappings paid ransoms, averaging N2.67 million per incident. During this period, an estimated 51.9 million crime incidences were recorded nationwide. The North-West…

�25m phones stolen in 12 months in Nigeria� – NBS

December 19, 2024December 19, 2024 Aminu Imam

The National Bureau of Statistics, (NBS), has reported over 25 million phone thefts between March 2023 and April 2024, according to its �Crime Experience and Security Perception Survey 2024�. The NBS report, titled: ‘Crime Experience and Security Perception Survey 2024’, indicated that an estimated 17,965,741 people had their phones stolen during the reference period. Phone theft, which is a common individual crime in the country, shows that seven out of every 10 stolen phones happened at home or public places, with a mere 11.7% of people who reported to the…

Food inflation jumps 39.93% in November – NBS

December 17, 2024December 17, 2024 Aminu Imam

…North records highest Nigeria�s food inflation rate surged to 39.93% in November 2024 on year-on-year, a 7.08 percentage point increase, from the 32.84% recorded in November 2023, according to data from the National Bureau of Statistics, (NBS). The spike in food inflation was driven by significant price increases across various food categories such as tubers (yam, water yam, and coco yam); bread and cereals (guinea corn, maize, and rice); oils and fats (palm oil and vegetable oil), and tobacco (beer and pinto). On a month-on-month basis, the national food inflation…

’32 Nigerian States record zero foreign investments in 2024′ – NBS

December 8, 2024December 8, 2024 Aminu Imam

A whopping 32 States out of 37 states in Nigeria attracted zero capital importation (foreign investments) in the first 9 months of 2024, up from 27 States in the whole of 2023. This is a according to the latest Capital Importation data from the National Bureau of Statistics (NBS) for the third quarter of 2024. According to the data, Nigeria attracted $1.2 billion in the third quarter of 2024, when compared to $2.6bn and $3.3bn in the second and first quarter of the year respectively. Total capital importation in the…

Food Insecurity: ‘65.8% of Nigerians go hungry, now borrow, skip meals for days’ � NBS

November 23, 2024November 23, 2024 Aminu Imam

The National Bureau of Statistics (NBS) have disclosed that 65 percent (two-third) of Nigerian households go hungry over dwindling food security. This was contained in the report of the General-Household Surgery released by NBS, on Thursday. According to the survey on consumption , food security, and shock, two out of three households (65.8 percent) indicated being unable to eat healthy, nutritious or preferred foods because of lack of money in the last 30 days. The NBS, however, recorded most of the food security incidents in households in the southern zones…

Hardship: ‘Nigeria�s inflation rate worsened to 33.88% in October’� – NBS

November 16, 2024November 16, 2024 Aminu Imam

The National Bureau of Statistics, (NBS) says Nigeria�s headline inflation rate increased by 33.88 percent in October 2024. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for October 2024, which was released in Abuja, yesterday. According to the report, the figure is 1.18% points higher compared to the 32.70 % recorded in September 2024. It said that, on a year-on-year basis, the headline inflation rate in October 2024 was 6.55% higher than the rate recorded in October 2023, at 27.33 percent. In addition, the report…