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Nigerian inflation rises to 11.85% in November

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By Emmanuel Elebeke

The consumer price index, which measures inflation increased by 11.85 per cent in November 2019. The figure is 0.24 per cent points higher than (11.61) per cent, the rate recorded in October 2019.

According to the National Bureau of Statistics report published on its website on Tuesday, increases were recorded in all Classification of Individual Consumption by Purpose (COICOP) divisions that yielded the Headline index.

According to the report, the Headline index increased by 1.02 per cent in November 2019, On a month-on-month basis, indicating 0.05 per cent rate lower than the rate recorded in October 2019 (1.07) per cent.

The percentage change in the average composite CPI for the twelve months period ending November 2019 over the average of the CPI for the previous twelve months period was 11.35 per cent, representing a 0.05 per cent point from 11.30 per cent recorded in October 2019.

Also, the urban inflation rate increased within the month under review by 12.47 per cent (year-on-year) in November 2019 from 12.20 per cent recorded in October 2019, while the rural inflation rate increased by 11.30 per cent in November 2019 from 11.07 per cent in October 2019.

On a month-on-month basis, the urban index rose by 1.07 per cent in November 2019, down by 0.08 from 1.15 per cent recorded in October 2019, while the rural index also rose by 0.98 0 per cent in November 2019, down by 0.01 from the rate recorded in October 2019 (0.99) per cent.

The bureau noted that the corresponding twelve-month year-on-year average percentage change for the urban index is 11.75 per cent in November 2019. This is higher than 11.68 per cent reported in October 2019, while the corresponding rural inflation rate in November 2019 is 10.98 per cent compared to 10.95 per cent recorded in October 2019.

The composite food index rose by 14.48 per cent in November 2019 compared to 14.09 per cent in October 2019. This rise in the food index, NBS said was caused by increases in prices of Bread, Cereals, Oils and fats, Meat, Potatoes, yam and other tubers, and Fish.

On a month-on-month basis, the food sub-index increased by 1.25 per cent in November 2019, down by 0.08 per cent points from 1.33 per cent recorded in October 2019. However, the average annual rate of change of the Food sub-index for the twelve-month period ending November 2019 over the previous twelve-month average was 13.65 per cent, 0.11 per cent points from the average annual rate of change recorded in October 2019 (13.54) per cent.

Sourced From: Vanguard News

Tribune

Nigeria records 1,031 new COVID-19 cases as total rises to 87,510

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Tribune Online
Nigeria records 1,031 new COVID-19 cases as total rises to 87,510

The Nigeria Centre for Disease Control (NCDC) has recorded 1,031 new cases of COVID-19, bringing the total number of infections in the country to 87,510. The NCDC disclosed this on its official Twitter handle on Thursday. “On the 31st of December 2020, 1031 new confirmed cases and 11 deaths were recorded in Nigeria. “Till date, […]

Nigeria records 1,031 new COVID-19 cases as total rises to 87,510
Tribune Online

Sourced From: Tribune Online

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The Nation

Power should shift to Southeast, says Ufomba

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By Emmanuel Olades, Deputy Editor

 

The clamour for power shift to the Southeast geo-political zone is being intensified by politicians from the zone.

How realistic is the agenda? A prominent Igbo politician and former governorship contender, Chief Reagan Ufomba, said there is justification for the agitation.

“Where there is inequality, there will be no justice;  there will be no unity,” he told reporters in Lagos.

The Peoples Democratic Party (PDP) chieftain said there are many Nigerians from the Southeast who are eminently qualified to succeed President Muhammadu Buhari in 2023.

He described Igbo as good managers, saying: “Anything you give to an Igboman, he turns into gold. Give Nigeria to an Igbo to run, and all will be well.”

Ufomba said there are agitations in the Southeast, owing to persistent feeling of exclusion from federal power. “There are poverty, unemployment, hunger. So, there is agitation,” he stressed.

Ufomba maintained that Igbo presidency is not debatable in 2023. He said it is either Igbo president or nothing.

“In 1999, Obasanjo came from the Southwest. In 2007, Yar’Adua came from the Northwest; a fantastic president who admited that the poll that brought him was flawed.

“Jonathan came from the Southsouth. In 2015, Buhari came from the Northwest. It should be the turn of the Southeast in 2023,” he stressed.

Ufomba has other priorities. For 12 years, he has been gazing at the Abia Government House. “To govern Abia remains my vision,” he said without much elaboration. “I will take that decision in 2022,” he added.

Abia is another mini-Nigeria as the various ethnic groups struggle for the front seat. To foster unity, the Abia Charter of Equity was agreed upon by the founding fathers of the state. Thus, Orji Kalu from Abia North became governor in 1999. His successor, Theodore Orji, is from Centeal. In 2015, Okezie Ikpeazu from South became governor.

Ufomba is from Central. Therefore, what is the chance of assuming the reins? He said his chance is bright. “Power walks. It doesn’t fly. It will walk through Abia Central,” he said.

The PDP chieftain hailed the idea behind the charter of equity. “What is fair to all is good. The charter defines the best principles and strategies for sharing and distribution of power. I support it,” he added.

However, Ufomba said the discussion on succession should not take the front burner now so that the governor will not be distracted.

He commended the governor for fighting the infrastructure battle in the state by constructing the roads, building hospitals, sponsoring human capacity development and sending artisans abroad for skill acquisition training.

Ufomba said: “We will assess him(governor)in 2022. He is on the right course. He has paid the backlog of salaries. He has done over 100 roads in Abia. When I joined the party in 2017, I discovered that the governor was being sabotaged. The federal roads he was constructing were stopped. The design of the bridge at Osisioma was not released. Over nine federal roads in Abia are being rebuilt. He has been doing that, whether he will get refund or not.”

In his view, Abia is work in progress. For the state, life is full of ups and downs. The state is surrounded by seven states-Imo, Anambra, Akwa Ibom, Rivers, Enugu, Ebonyi-all of them linked by federal roads. Yet, these federal roads are abandoned.

Ufomba said the distant Federal Government can hardly cope with the items on the Exclusive List in the constitution. Lending his voice to the call for the devolution of power, he said:”Until the nation is restructured to give room for states to manage certain infrastructure in these states, there will always be abandonment.

“Most of the federal roads should be handed over to states. Why should the Federal Government should be coming to Abia to repair roads?”

Ufomba also assessed the Buhari administration, saying much still needed to be accomplished. He noted that the policies of the government favoured. But, he lamented that young people now find it difficult to farm.

On security, he said: “No foreign investment can come when there is no security. Insecurity makes the environment to be hostile. Politics is the only industry that works.

The PDP chieftain said security ought to have improved because the president is a General who understands the terrain. He observed that the first constitutional priority of government is security. He called for the change of service chiefs, an end to banditry and misbehaviour of herdsmen.

On economy, Ufomba said: “Inflation is an indication that the economy is bad. The economy is in shambles.  People now say that Jonathan was better.”

But, he said on anti-corruption fight, “Buhari has done a little well. “The complaint, he said, revolves around the methods for fighting graft.

“People are concerned about modus operandi. Let there be due process and transparency. EFCC has become a debt collector,” he added.

 

Sourced From: Latest Nigeria News, Nigerian Newspapers, Politics

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This Day

Stakeholders Chart Course for Sustenance of Igbo Language

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By David-Chyddy Eleke

Stakeholders in the South-east region yesterday came together to harp on the need to keep the Igbo language alive, decrying the nonchalant attitude about Igbo people on the fast disappearance of their language.

At a colloquium held in Enugwu-Ukwu Civic Centre in Njikoka Local Government Area of Anambra State, several personalities gave ideas as to how to keep the language from going into extinction, enjoining all to ensure they always speak the Igbo language.

President-General of Ohanaeze Ndigbo in Anambra State, Damian Okeke, who was also at the event, called for a law that would compel the Igbo people to speak the language and also dress in its cultural attires as a way of encouraging the customs and traditions of the people.

“We can start with the Enugwu-Ukwu which has held a yearly colloquium on this topic by asking that the traditional ruler of Enugwu-Ukwu, Ralph Ekpeh, makes a law that would encourage all members of the community to speak Igbo language.

The lead speaker at the event, a Professor of African and Contemporary studies at the Chukwuemeka Odumegwu Ojukwu University, Igbariam, Prof Ngozi Chuma-Udeh, spoke on the theme: ‘Community-based approach to promoting and sustaining Igbo Language’.

She queried Nigeria’s colonial masters for their disregard for Igbo language as well as the imposition of the English language on the people.

“The white man did well by coming to give us civilisation, but in teaching us what they know and what they want us to learn, they should have looked well to see what we have that is worthy of preservation.

“Our language is our pride. Our people must learn to speak our language so that the prediction of UNESCO that Igbo language is among those that will go extinct in 2050 does not come to pass,” she said.

Sourced From: THISDAYLIVE

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Premium Times

Powerful explosion hits Aden airport on new govt arrival

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The blast took place shortly after a plane carrying members of the government landed at the Aden airport.

The post Powerful explosion hits Aden airport on new govt arrival appeared first on Premium Times Nigeria.

Sourced From: Premium Times Nigeria

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