An Accounting and Financial Development don at Lead City University, Ibadan, Prof Godwin Oyedokun said the Nigeria’s 0.13 per cent December inflation figure decline is not worth celebrating.
According to the National Bureau of Statistics, NBS, Consumer Price Index Report on Monday, December inflation slightly declined from 21.47% in November 2022 to 21.34% in December 2022.“In December 2022, the headline inflation rate eased to 21.34% compared to November 2022 headline inflation rate which was 21.47%”, NBS said.
But, Prof Oyedokun reacting to the development disclosed that there is nothing to celebrate about in the recent CPI data. “The percentage decline in the recent inflation figure is not worth celebrating, but it is ok. It is a right step forward. Though at times inflation may have such behavior because of the reverse in end of year demand hike; we hope to see more decline this January because everybody is getting wiser on what to buy and not to buy. We pray this decline is sustained going forward”.
Source: Education Headlines (educationheadlines.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why Nigeria has become ungovernable, by Anglican Primate | The Guardian Nigeria News - Nigeria and World NewsThe Primate, Church of Nigeria (Anglican Communion), Most Revd Henry C. Ndukuba, yesterday, said that Nigeria has become ungovernable because its political leaders have compromised their responsibilities...
Source: GuardianNigeria - 🏆 1. / 94 Read more »
No plan to exit Nigeria, says Chevron | The Guardian Nigeria News - Nigeria and World NewsChevron Nigeria Limited (CNL) has debunked the report alleging that it plans to exit Nigeria. The General Manager, Policy, Government and Public Affairs, Chevron Nigeria Limited, Esimaje Brikinn,...
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Tackling the enemies of Nigeria’s democracy | The Guardian Nigeria News - Nigeria and World NewsUnlike millions of eligible Nigerian voters, who troop out daily to campaign grounds to clap and dance themselves dizzy for those who have brought us collectively to this current sordid, socio-economic and political mess The main enemies of democracy in Nigeria are politicians,. We're under civilian rule but not democracy, When the time comes the true democrats will appear and push aside all looters out of the government offices,
Source: GuardianNigeria - 🏆 1. / 94 Read more »
The pillars of Nigeria’s systemic corruption | The Guardian Nigeria News - Nigeria and World NewsMost people in the world would seem to me to know it, or at least to believe it, that the whole world, indeed the whole universe, was created by a living and all-knowing and all-powerful God.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Ekungba appointed Baba Adini of Owo Kingdom | The Guardian Nigeria News - Nigeria and World NewsThe National Coordinator of Bola Ahmed Tinubu (BAT) Ambassadors for Nigeria’s Greatness (BANG), Chief Jamiu Ekungba has been appointed the Baba Adini of Owo Kingdom, Ondo State.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Yakubu records double at African Junior Tennis challenge | The Guardian Nigeria News - Nigeria and World NewsTeenage sensation, Ohunene Comfort Yakubu, won dual titles in the U-16 singles and doubles events at the African Junior Tennis Championship held in Togo.
Source: GuardianNigeria - 🏆 1. / 94 Read more »