Browsing Tag
Inflation
17 posts
Atiku Criticizes Tinubu Economic Strategy, Citing Import Reliance as Job-Killer
Atiku Abubakar has blamed the current economic distress in Nigeria on an over-reliance on imports and taxes, advocating for a shift toward local manufacturing and domestic food production.
The misconception that Nigerian states are becoming wealthier
Despite receiving higher monthly allocations, Nigerian states are not becoming richer as inflation and rising operational costs erode their purchasing power.
Experts Warn Inflation and Policy Shifts Threaten Economic Gains
Financial analysts report that while Nigeria's stock market is poised for growth in late 2026, rising inflation and inconsistent policies remain significant threats to ongoing economic reforms.
Dele Sobowale: The Myth of Wealthier States Under Current Revenue Allocations
Dele Sobowale argues that higher FAAC allocations do not equate to wealthier states, as runaway inflation and economic mismanagement by the Federal Government have eroded the purchasing power of all government tiers.
Finance Minister Oyedele Announces New Metrics to Gauge Reform Impact on Nigerian Households
Minister Taiwo Oyedele states that the government will track poverty, income, and inequality metrics to demonstrate the real-world impact of economic reforms on Nigerian families.
Food Prices Climb Despite Overall Inflation Slowdown
Although headline inflation saw a marginal decline in June 2026, the cost of food items continued to climb across various regions, driven by higher prices for essential produce and grains.
IMF Warns Increasing Costs Will Worsen Poverty Levels in Nigeria
The IMF reports that rising costs for essential goods will continue to drive poverty in Nigeria, even as the nation maintains steady economic growth forecasts.
Nigeria sees decline in cooking gas costs
Cooking gas prices across Nigeria have begun to stabilize and drop as supply constraints ease in the nation's capital.
Domestic Flight Costs Jump Over 20 Percent in May
New data from the National Bureau of Statistics shows that domestic airfares increased by 20.8 percent in May 2026, alongside sharp price hikes across bus, motorcycle, and water transport sectors.
Healthy Food Daily Cost Climbs to N1,589
The National Bureau of Statistics reported a 3.12 percent rise in the daily cost of a healthy diet to N1,589 in April 2026, driven by widespread food price increases.