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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…

Nigeria�s inflation rate soars to 32.70%, as hardship worsens

October 16, 2024October 16, 2024 Aminu Imam

Nigeria�s headline inflation rose to 32.70 percent in September 2024, according to the National Bureau of Statistics, (NBS). The development is contained in NBS’s ‘Consumer Price Index and Inflation� report for September 2024. According to the report, the September 2024 headline inflation rate saw an increase of 0.55%, when compared to the August 2024 headline inflation rate. The rise in the inflation rate from 32.15% recorded in August is coming amid the hike in the pump price of petrol which has further aggravated the cost of living crisis. Similarly, food…

Nigeria imported 20.30bn litres of petrol in 2023 � NBS

October 2, 2024October 2, 2024 Aminu Imam

The National Bureau of Statistics, (NBS), has said 20.30 billion litres of Premium Motor Spirit, also known as petrol, was imported in 2023. The NBS, which stated this in its ‘Petroleum Products Distribution Statistics for 2023’, released in Abuja yesterday, said the figure of 20.30 billion litres of PMS reported in 2023 amounted to a decrease of 13.77- compared to the 23.54 billion litres recorded in 2022. For Automotive Gas Oil also known as diesel, the report said that 4.94bn litres were imported in 2023. �This indicated a 23. 66…

‘More Nigerians embrace rail transport, as revenue rise by 53% to ?1.69bn in Q-2’ – NBS

September 21, 2024September 21, 2024 Aminu Imam

More Nigerians are beginning to embrace the rail transportation system as revenue rose to ?1.69bn in the second quarter of 2024, reflecting a 53.14% increase compared to the ?1.10bn recorded in the same period of 2023. This data was disclosed by the National Bureau of Statistics, (NBS), in its report released on Thursday. According to the report, in 2023, the Nigerian Railway Corporation (NRC) generated ?1.07bn as revenue from passengers. It said a total of 689,263 passengers travelled by rail in Q-2, representing a growth rate of 45.38% compared to 474,117…

Inflation rate eases to 33.4% in July – NBS

August 16, 2024August 16, 2024 Aminu Imam

Nigeria’s inflation rate decreased by 0.79 percentage points to 33.4% in July, down from a 28-year high of 34.19% in June, according to the National Bureau of Statistics, (NBS). The Consumer Price Index (CPI) report for July 2024 reveals a slowdown in food inflation as well, which fell to 39.5% from 40.8% in June. The NBS stated: �In July 2024, the headline inflation rate eased to 33.40%, compared to 34.19% in June 2024. This represents a decrease of 0.8 percentage points. Year-on-year, the headline inflation rate was 9.32 percentage points…

States spend N139.92bn servicing external debt in first half of 2024 – NBS

August 13, 2024August 13, 2024 Aminu Imam

The 36 States of the country have collectively spent about N139.92 billion on servicing external debt in the first half of 2024. This is according to an analysis of Federal Account Allocation Committee (FAAC) data from the National Bureau of Statistics, (NBS). The amount spent is an increase of 122% from the N63.06 billion spent in the same period last year. The data shows that States have moved from spending around N9 billion to over N20 billion monthly, which is more than doubled debt service cost likely due to the naira…

Public officials received N721bn as bribes in 2023 – NBS�

July 13, 2024July 13, 2024 Aminu Imam

No fewer than N721billion was received as bribe by Nigerian public officials in 2023, a new report by the National Bureau of Statistics, (NBS), has revealed. The report released on Thursday titled: �Corruption in Nigeria: Patterns and Trends�, said the N721bn paid in bribes amounts to about 0.35% of Nigeria�s Gross Domestic Product, (GDP). The result was based on a survey conducted with the United Nations (UN) Office on Drugs and Crime. According to the survey, the average cash bribe was N8,284, an increase from an average of N5,754 in…

State Govts. spend 123% more on servicing external debt in four months – NBS

July 3, 2024July 3, 2024 Aminu Imam

The various State governments have witnessed a significant surge in their external debt servicing obligations, marking a 123% increase in the first four months of 2024 compared to the same period in 2023. According to an analysis of Federal Account Allocation Committee (FAAC) data from the National Bureau of Statistics (NBS), total external debt service payments for January to April 2024 reached N96.52 billion, a substantial rise from N43.31 billion in the corresponding period of the previous year. In 2023, external debt servicing costs amounted to N120.01 billion, reflecting a…

Rice, garri, tomatoes prices rise 141% in one year � NBS

June 4, 2024June 4, 2024 Aminu Imam

The average price of rice, garri and tomatoes rose 141 percent in one year, the highest yearly increase for the period, according to the National Bureau of Statistics, (NBS). The data from the selected food prices shows that the average price of rice rose 156 percent to N1,399 in 2024 from N547 in the same period of 2023. Also, the average price of garri � a major consumed staple by low and middle income surged 135 per cent from N363 in April 2023 to N852 in the corresponding period in…