National Bureau
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 determined to eradicate poverty, unemployment – minister
The federal government has reiterated its determination to eradicate poverty as well as tackling unemployment in the country to the barest minimum, saying its many programmes designed to tackle the issues have had tremendous success. The government said the alarming rate of out-of-school children witnessed some years ago had considerably reduced due mainly to some of its initiatives, among which it said, was the National Home Grown School Feeding Programme. The government’s position came as it inaugurated an expanded committee on National Home Grown School Feeding Programme with a task on members to make meaningful contributions to stamp the problems out of the country. Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, speaking at the event i...
Cross River agency chief calls for legislation to back labour migration
The director-general, Cross River Migration Control Agency, Prince Michael Nku Abuo, has called for enactment of a legislation to back labour migration in order to engender national development. Abuo made the call at the Cross River State Migration Summit held in Calabar, the state capital on Saturday. The DG, who also represented the state governor, Prof. Ben Ayade, at the summit, pointed out that several solutions by both federal and state governments have been given to address the issue of unemployment in order to curb the challenge, but the way forward is to tackle the menace was through labour migration. According to him, Cross River Migration Control Agency was exploring and advancing for opportunities for citizens of the State who are at home and in the Diaspora under a work study p...
Minister: Nigerian government worried about rising unemployment rate
Minister of Interior, Ogbeni Rauf Aregbesola, has said the federal government is worried over the rising unemployment rate in the country. Speaking at the 2nd Shakeholders’ Meeting on Expatriate Quota Administration organized by the Citizenship and Business Department of the Ministry of Interior, the Minister said: “Anyone that is not worried about the unemployment rate in the country is not a patriot.” He lamented that the unemployment rate of 33 per cent released by the National Bureau of Statistics was indeed worrisome and a wake up call that something urgently needed to be done to keep Nigerians employed and drastically reduce the unemployment rate. The Minister, who called on all stakeholders at the meeting to ensure quality inputs were brought to the table that will lead to the produ...
NBS: Nigerian government, states’ debt profile rise to N32.92 trillion
Nigeria’s total public debt portfolio as at December 31, 2020, stood at N32.92 trillion, the National Bureau of Statistics (NBS) reveals. It made the revelation in its Nigerian Domestic and Foreign Debt report for Quarter Four, 2020, obtained from its website on Monday in Abuja. It added that the debt profile was for the States and the Federal Government. According to the bureau, Nigeria’s total public debt showed that N12.71 trillion or 38.60 per cent of the debt was external, while N20.21 trillion or 61.40 per cent of the debt was domestic. “Further disaggregation of Nigeria’s foreign debt showed that 17.93 billion dollars of the debt was multilateral, 4.06 billion dollars was bilateral from the African Development Bank (AfDB), Exim Bank of China, Japan International Cooperation Agency (...
Presidency: Atiku Abubakar can’t extricate himself from Nigeria’s rot
The Presidency has attacked former Vice President Atiku Abubakar for his comment on the Bloomberg report that Nigeria may emerge the country with the highest unemployment rate in the world. The position of the Presidency was stated by the Special Adviser to President Muhammadu Buhari on Media and Publicity, Femi Adesina, on a Channels Television programme: Sunday Politics, on Sunday. Adesina said the recent report released by the National Bureau of Statistics that 23.2 million Nigerians are unemployed was not new. He said: “You will recall that in the build-up to the 2015 elections, when the APC (All Progressives Congress) was campaigning, the figure that was used by then candidate Buhari was that a minimum of 30 million Nigerians were unemployed, particularly youths, and that his governme...
Recession: The worse may be possibly over – Lagos chamber
The Lagos Chamber of Commerce and Industry (LCCI) says the nation’s economic contraction of 3.62 per cent of the third quarter against the 6.1 per cent of the second quarter of the year may indicate that the worst is over. The post Recession: The worse may be possibly over – Lagos chamber appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Lagos chamber advises central bank on tackling inflation
The Lagos Chamber of Commerce and Industry (LCCI) has urged the Central Bank of Nigeria (CBN) to address the supply side variables impacting domestic prices. The post Lagos chamber advises central bank on tackling inflation appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
