Nation
NBS: ‘Inflation Rate Increases To 20.77% In Sept’
The National Bureau of Statistics (NBS) has said that Nigeria’s headline inflation rate increased to 20.77per cent on a year-on-year basis in September 2022.
This was contained in the Consumer Price Index (CPI) and Inflation Report for September and issued, last Monday by the Statistician-General of the Federation and NBS Chief Executive Officer, SemiuAdeniran.
Adeniran stated that the figure was 4.14per cent points higher compared to the 16.63per cent recorded in September 2021, saying: “This indicates that in September 2022, the general price level was 4.14per cent higher relative to September 2021.”
He said factors responsible for the increase in the annual inflation rate include interruption in the supply of food products, increase in import cost due to the persistent currency depreciation, and a general increase in the cost of production.
Adeniran said on a month-on-month basis, the headline inflation rate in September was 1.36per cent, which was 0.41per cent lower than the rate recorded in August 2022 at 1.77per cent.
“This means that in September 2022, the headline inflation rate on a month–on–month basis declined by 0.41per cent, relative to August 2022,” he noted
The NBS boss stated that the factor responsible for the decline in the monthly inflation rate in the last two months was a decline in the changes in the food index.
According to him, this is relative to the reference month index, which is due to the present harvest season.
Adeniran said the percentage change in the average CPI for all items index for the 12 months ending September 2022 over the average of the CPI for the previous 12-month period was 17.43per cent, noting: “This is showing a 0.60per cent increase compared to 16.83per cent recorded in September 2021.”
The statistician-general said increases were recorded in all Classification of Individual Consumption by Purpose (COICOP), divisions that yielded the Headline index.
He said the food sub-index increased by 23.34per cent on a year-on-year basis in September 2022, adding that the inflation was 3.77per cent higher compared to the rate recorded in September 2021 at 19.57per cent.
“This rise in food inflation was caused by increases in prices of bread and cereals, food products, potatoes, yam, and other tubers, oil, and fat,” the NBS boss stated.
The statistician-general noted that on a month-on-month basis, the food inflation rate in September was 1.43per cent, adding that this was a 0.54per cent decline compared to the rate recorded in August 2022 at 1.98per cent.
According to him, this decline is attributed to a reduction in prices of some food items like tubers, palm oil, maize, beans, and vegetables.
Adeniran said the average annual rate of food inflation for the 12 months ending September 2022 over the previous 12-month average was 19.36per cent.
“This was a decline of 1.35per cent points from the average annual rate of change recorded in September 2021 at 20.71per cent,” he stated.
He said in September 2022, consumer price index for urban consumers rose by 4.06per cent on a year-on-year basis.
The NBS boss stated: “That is in September 2022, the urban inflation rate was 21.25per cent higher compared to the 17.19per cent recorded in September 2021.
“On a month-on-month basis, the urban inflation rate was 1.46per cent in September 2022, this was a 0.34per cent decline compared to August 2022 at 1.79per cent.”
Adeniran said the corresponding 12-month average for the urban inflation rate was 17.94per cent in September 2022, showing a 0.53per cent increase compared to the 17.41per cent reported in September 2021.
He said the inflation rate for rural consumers in September 2022 was 20.32per cent on a year-on-year basis, which was 4.24per cent higher compared to 16.08per cent recorded in September 2021.
“On a month-on-month basis, the rural inflation rate in September 2022 was 1.27per cent, this is a 0.48per cent decline compared to August 2022 at 1.75per cent,” the statistician-general noted.
Adeniran said the corresponding 12-month average for the rural inflation rate in September 2022 was 16.94per cent, showing a 0.68per cent increase compared to the 16.26per cent recorded in September 2021
On the states’ profiles, he said all items inflation rate for September 2022 on a year-on-year basis was highest in Kogi State at 23.82per cent, followed by Rivers at 23.49per cent, and Benue at 22.78per cent.
“While the states with the slowest rise were Abuja with 17.87per cent followed by Borno with 18.12per cent, and Adamawa with 18.42per cent,” he said.
The statistician-general said on a month-on-month basis, the state all items index for September 2022 recorded the highest rate in Jigawa State at 2.58per cent, followed by Yobe State at 2.22per cent and Benue at 2.05per cent.
“The states with the slowest rise were Abuja at -0.72, followed by Sokoto with -0.19per cent and Adamawa with 0.25per cent,” the NBS boss stated.
The Nigeria Union of Journalists (NUJ) Lagos State Council has thrown its weight behind the proposed industrial action by the Lagos State-owned media organisations.
The proposed industrial action is set to begin on Monday, Jan. 13.
In a letter jointly signed by the Lagos State NUJ Chairman, Mr Adeleye Ajayi, and the Secretary, Mr Tunde Olalere, on Thursday, the union expressed its support for the strike.
The letter, dated Jan. 9, was addressed to the General Manager of Lagos Television, Agidingbi, Ikeja.
The NUJ, along with the Radio, Television, Theatre and Arts Worker’s Union (RATTAWU) of the Lagos State Broadcasting Corporations, including Lagos Television, Radio Lagos/EKO FM, and Lagos Traffic Radio, had announced the proposed strike.
They said this was in response to the non-payment of the minimum wage and integration into the Oracle database by the state government.
The union leadership stated that it was fully aware of the several discussions, congresses, and notices given to the state government regarding the need for state-owned media house workers to be integrated into the Oracle database.
“You will agree with the union that these were enough notices given to address the issues at stake,” the letter read in part.
The leaders recalled that an initial 10-day ultimatum was issued, followed by a 21-day ultimatum, and finally, a seven-day final ultimatum.
“It is imperative that our members working in the state-owned media organisations should also enjoy the new minimum wage like other workers of the state,” the NUJ stated.
The union further noted that the revenue generated by state-owned media organisations could no longer sustain the payment of workers’ salaries and benefits, highlighting the urgent need for the state government to intervene for their survival.
“The welfare of our dear members is paramount and this is why the union deems it fit to support and pledge solidarity with our members going on strike,” the union stated.
The union also acknowledged the commitment and dedication of protesting workers to their duties in propagating state government policies and activities, stating that such dedication should be rewarded by the state government.
“The union, therefore, advises that only an amicable resolution and approval of the demands of our members can stop the industrial action,” the union stated.
The new Rivers state commissioner of police ,CP Olugbenga Adepoju has assured that his administration will remain apolitical in the discharge of his duties in the state.
Adepoju who officially assumed office last Friday as the 47th police commissioner of police stated this during his median press briefing held at state police command over the weekend in Port Harcourt.
He assured that under his watch as the police helmsman in the state his administration will ensure protection of human rights and warn that any police officer who violate the rights of people will be sanctioned in accordance with the police act and
urged Rivers people to hold the Police accountable, share view of people with police.
“We are committed to transparency.
My priority is to ensure safety, security and welfare of all residents in the state.
Being an economic hub of the country,the state faces challenges of crisis from political interest, economic sabotage illegal oil bunkering.
“I will ensure Rivers people sleep with their two eyes close. I have what it takes to keep the command safe.We do Intelligence gathering work with community and public engagement to proactively prevent crime.We have meetings and seminars with members of the public.”
“We will enforce discipline and ensure zero tolerance for corruption.I have my team.I will put them to work.There will be improvement on the part of my officers.
“We will Combat youth restiveness and cultism, oil theft, environmental crime. we will work with other agencies to ensure is reduce to the barest minimum.
“We will enhance response time and police visibility. We do all we can for our men to respond to distress call in time. We will deploy more men in metro. More visibility policing.
“We will address land grabbing issues.We will work with our legal team. If we have to partake in any execution order, we will look at it critically.
“We will enforce all vehicle regulations with human face. Especially tinted glasses. We may excuse those that have it from the factory. Either the vehicle will be impounded, the tinted glass removed or they are charged to court.
“Our men will not violate rights of citizens. If there is any violation of rights, it should be reported to the police for necessary actions. Our men will be more professional and polite to the people “he stated
CP Adepoju however urged residents of the state,the media and all necessary stakeholders to give the Police the relevant cooperation and support for effective policing of the society.
Akujobi amadi
The Rivers State Police Command says it has acknowledged a social media report on alleged assault of a lady by police officers along Evo Road, Port Harcourt.
A statement signed by the police public Relations Officer (PPRO),SP Grace Iringe Koko in Port Harcourt, yesterday said the police acknowledged the report of such alleged assault and invite the lady involved to visit the command so as to enable the command to commence investigation with a view to apprehend the officers involved.
“We urge the lady involved to visit the Police Headquarters to enable a thorough investigation into the matter. This step will assist us in identifying the officers involved and ensuring that appropriate actions are taken.”
“The Command appeals to members of the public to cooperate with police officers during stop-and-search operations, as these measures are essential in combating crime and maintaining security.”
“We also encourage residents to report any misconduct by police officers through the following channels:
• PPRO: 0816 135 5218
• Control Room: 08032003514, 08098880134
• Complaint Response Unit (CRU): 07057605256, 08120822987, 07072323049, 07057605209”
“Your cooperation is vital in helping us maintain accountability and professionalism within the Rivers State Police Command.
Thank you.”
Akujobi Amadi
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