Household Goods
Nigeria’s inflation drops to 17.93 percent
The Consumer Price Index (CPI) which measures inflation dropped to 17.93 per cent (year-on-year) in May compared to 18.12 per cent in the preceding month, according to the National Bureau of Statistics (NBS). The 0.19 per cent decline in the headline index, makes it the second consecutive month that the rate had sustained its downward trajectory after 18 months of inflationary pressures on the economy. According to the CPI figures for May which was released by the statistical agency Tuesday, food inflation dropped to 22.28 per cent from 22.72 per cent in April. Price moderation was recorded in bread, cereals, milk, cheese, eggs, fish, soft drinks, coffee, tea and cocoa, fruits, meat, oils and fats and vegetables. On month-on-month basis, the food sub-index declined to 1.05 per cent in May ...
Nigerian government seeks to harness $6 billion global coconut market
The Minister of State for Industry, Trade and Investment, Mrs. Mariam Katagum, has said the federal government is committed to supporting current efforts aimed at harnessing the immense potentials of the coconut commodity whose global market worth is estimated at over $6 billion. She said the commodity has lot of economic, medicinal and nutritional value and enjoys huge market in the country. The minister, at the inauguration of the 2021 coconut planting season in Abuja, however, expressed concern that despite its economic benefits, the current local supply could only meet about 20 per cent of demand. She said there was the need to urgently address the supply side constraints to boost the economy. She further explained that it was in a bid to reposition the coconut segment and address the ...
Platform Simplifies Access to COVID-19 Interventions in Nigeria
Sourced from Mail & Guardian. Beating Corona Nigeria, the country’s leading virtual intervention database has restructured its model to help disadvantaged Nigerians in need of interventions connect with the relevant non-profits. The platform itself kicked off last month, 9 April, and has recorded a massive amount of data. It continues to actively connect interveners to the people who need access to interventions. After recommendations to resolve the platform’s challenges with making interventions accessible, the database was pivoted towards a new model. With this pivot, the intervention database properly complements the core of the platform’s mission. Some of the major updates on the platform now allows for a search bar that can enable interventions to be easily found, a breakdown of a...
