Tag: REPORT

Lagos, P’Harcourt, Maiduguri, Nigeria’s most dangerous cities  – Report 

Aminu Imam
SBM Intel report

Lagos, Port Harcourt, and Maiduguri have been identified as dangerous hotspots across Nigeria’s major cities and highways, amid rising insecurity according to a new report. SBM Intel, in its report, titled: ‘Roads To Nowhere – A Bumpy Ride Through Nigeria’s Road’, engaged 245 drivers across eight major commercial hubs: Abuja, Calabar, Jos, Kano, Lagos, Maiduguri, Onitsha, and Port-Harcourt, to shed light on their realities. The respondents identified dangerous hotspots across key urban centers and highways, highlighting cities like Lagos, Port Harcourt, and Maiduguri as particularly vulnerable. These cities, crucial for…

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‘NNPCL illegally deducted ₦426bn under Buhari’s watch as Petroleum minister’ – Report

Aminu Imam
Report on NNPCL illegally deduction

The Nigerian National Petroleum Corporation Limited, (NNPCL), allegedly made unauthorised deductions amounting to ₦426 billion from the federation’s revenue in a single year under former President Muhammadu Buhari, who at that time also served as Minister of Petroleum Resources. This revelation comes from a report by the Foundation for Investigative Journalism (FIJ), which cited a 2021 audit conducted by the Office of the Auditor-General of the Federation (AuGF), published in November 2024, that reviewed NNPCL’s operations between 2020 and 2021. The audit identified significant financial irregularities, with the NNPCL reportedly…

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Economic challenges: Nigeria moves on Risk Index, from ‘stability’ to ‘vulnerability’ – Report

Aminu Imam

Nigeria has been classified as “vulnerable” to instability in 2024, according to the latest SBM ‘Intelligence Africa Country Instability Risk’ index. According to the report, this marks a downgrade from its “stable” status in 2023, driven by economic challenges linked to Government policies. Recall that Nigeria dropped 6 points this year, scoring 45, when compared with 39 in 2023. According to SBM Intelligence, a higher score in the risk index means a higher level of political risk to business. Other African nations sharing this risk status include Ethiopia, Comoros, Côte…

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“Tinubu’s policy, poor economy to blame for skyrocketing air fares” – Report

Aminu Imam
SBM Intelligence report

A recent report by SBM Intelligence, titled: “Moving out of Reach”, has revealed that the devaluation of the naira is the primary driver behind the surge in airfare costs in Nigeria. The report highlights that transportation costs have skyrocketed in the country, making travel increasingly unaffordable for many citizens. According to the report, as of 2017, Nigeria’s exchange rate stood at N395.42, however the exchange rate jumped to N1518 in 2024. According to the report, air travel costs have decreased in dollar terms, from $82.82 in 2017 to $82.14 in…

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Hardship: Nigerian children face malnutrition, as food costs skyrocket

Aminu Imam
Hardship on children

Soaring food prices in Nigeria are forcing families to make difficult decisions, with severe consequences for nutrition and health. As food inflation reached a staggering 37.77% in September 2024, up from 30.64% the previous year, staple protein sources have become luxuries for many households. Items like a crate of eggs now cost around N6,000, while a kilogram of fish is N5,500 and beef ranges between N6,500 and N7,000. This makes providing balanced meals an uphill struggle for millions of Nigerian families. The impact is especially severe on children’s nutrition. Protein-rich…

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‘33m Nigerians may face food crisis in 2025’ – Report

Aminu Imam
Report on food crisis

Nigeria faces one of its worst hunger crises with more than 30 million people expected to be food insecure next year, a one-third jump from this year due to economic hardship, a joint report by the Government and United Nations (UN) said on Friday. The analysis conducted twice a year in 26 States and the federal capital, (FCT), projected that 33.1 million people would be food insecure by August next year. That compares with 24.8 million by the end of this year. “Several factors are driving this trend, but most…

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Security Crisis: Over 55 thousand Nigerians killed, 21,621 abducted in 4yrs – Investigation

Aminu Imam
Soldier with machine gun with national flag of Nigeria

A new investigative report has revealed the killing of 55,910 people in 9,970 attacks, while 21,621 people were abducted in 2,705 in four years acrossNigeria, as it continues to face a multi-faceted security crisis marked by widespread violence, particularly against religious communities. According to the new investigative report, released on Thursday by ‘The Observatory of Religious Freedom in Africa’, the data presented in the report covered four years from 1 October 2019 to 30 September 2023, and provided critical insights into the patterns and dynamics of the violent attacks. A…

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‘Kidnapping, Nigeria’s most-reported crime case under Tinubu’ – Report 

Aminu Imam
Kidnapping report

Kidnapping for ransom has ranked as Nigeria’s most-reported crime case under President Bola Ahmed Tinubu’s administration. StatiSense, quoting 2023 data from Nigeria’s Ministry of Police Affairs, disclosed this on Thursday, through its X account. According to the data, kidnapping cases have outperformed murder, banditry, terrorism, and armed robbery in terms of reports in Nigeria. In a zonal analysis, kidnapping crimes are ranked as the most reported in the North-Central (38.51%), North-East (42.11%), North-West (49.71%), South-East (30.61%), and South-South (36.73%), except in the South-West. Meanwhile, the report indicated that murder crime…

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‘NNPCL spent N7.3bn on entertainment in 16 months’ – Report

Aminu Imam
NNPCL Towers

The Nigerian National Petroleum Company Limited, (NNPCL) Group’s share of profit for West Africa LPG stood at N807 million, while as of June 2022, the accumulated loss stood at N1 billion. A review of financial statements of the NNPCL has shown that its subsidiaries posted short-term debts to the tune of N83 billion in 2022. According to the financial statements of the NNPCL for December 2022, Nikorma transport Trade and other payables (debts) stood at N4.5 billion, West Africa LPG Limited trade payable figure stood at N79.2 billion, while that…

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Tinubu’s govt. spent N14.77bn on presidential jets in 11 months — Report

Aminu Imam
presidential jets

President Bola Tinubu’s administration has spent a total of N14.77bn on the repair and maintenance of the presidential air fleet over the past 11 months, as revealed by a published  report yesterday. According to reports, the expenditure, which was disbursed in 11 payments from July 16, 2023, to May 25, 2024, was managed through the State House’s Presidential Air Fleet Transit Funds account. The significant spending comes amid plans by the National Assembly to authorise the purchase of two new aircraft. This decision follows the discovery that the President’s 19-year-old…

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