According to the report, Nigeria’s inflation rate dropped by 0.19 per cent to 17.93 per cent in May from 18.12 per cent in April. This was contained in the Consumer Price Index report of the NBS.
Core inflation or ‘all items less farm produce’’ which excludes the prices of volatile agricultural produce stood at 13.15 per cent in May 2021, up by 0.41 per cent when compared with 12.74 per cent recorded in April 2021. Others included motor cars, hospital services, fuels and lubricants for personal transport equipment, cleaning, repair and hire of clothing, other services in respect of personal transport equipment, gas, household textile and non-durable household goods.
All items inflation on year-on-year basis was highest in Kogi , Bauchi and Sokoto , while Katsina , Imo and Delta recorded the slowest rise in headline year-on-year inflation. Mustapha spoke while delivering the keynote address at the opening of the exhibition of Made-in-Nigeria products in Abuja.He said, “The intervention of the Federal Government of Nigeria in developing local industries has resulted in a boom in the growth of local businesses.
Why shouldn't it be like that. Farmers are killed in their thousands in food producing belts by Fulani herdsmen. Farms are ravaged by the same Fed Govt protected herders. Every action has consequences.
Always blaming and no tangible solution
Omo naija get money o 😨
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