News
Kogi, Ekiti, Kwara states lead with highest food price inflation – report
By Kayode Sanni-Arewa
Nigeria’s food inflation rate continues to climb year-on-year in May according to data obtained from the National Bureau of Statistics (NBS).
NBS said the food inflation rate reached 40.66 percent in May, compared to the 24.82 percent reported in the same month in 2023.
This represents a jump of 15.84 percentage points.
In May, Kogi, Ekiti, and Kwara states experienced the highest rise in food inflation rate year-on-year, reaching 46.32 percent, 44.94 percent, and 44.66 percent, respectively.
Conversely, Adamawa, Bauchi, and Borno states saw the slowest increase in the food inflation rate, with 31.72 percent, 34.35 percent, and 34.74 percent, respectively.
The bureau said foodstuffs like semovita, oat flakes, yam flour prepackage, garri, and beans contributed to the year-on-year increase in the food inflation rate.
Other contributors are Irish potatoes, yam, water yam, palm oil, vegetable oil, stockfish, mudfish, crayfish, beef head, live chicken, pork head, bush meat, etc.
This rising food inflation rate has continued to cause significant concern across the country.
It is one of the factors that led to the two-day strike by organised labour on June 3, demanding an increase in the national minimum wage as Nigerians struggle to afford basic food items.
TheCable Index analysis of the report highlights disparities in food inflation rates across states and the federal capital territory (FCT).
LIST OF FOOD INFLATION RATES ACROSS STATES, FCT IN MAY
Kogi: 46.32%
Ekiti: 44.94%
Kwara: 44.66%
Osun: 44.57%
Edo: 44.46%
Enugu: 44.42%
Imo: 44.32%
Cross River: 44.24%
Abia: 44.02%
Akwa Ibom: 43.83%
Gombe: 43.73%
Oyo: 43.26%
Ebonyi: 43.23%
Lagos: 43.02%
Jigawa: 42.56%
Bayelsa: 42.29%
Sokoto: 41.69%
Rivers: 41.61%
Ondo: 41.30%
Ogun: 41.26%
Kaduna: 41.00%
Kano: 39.96%
Niger: 39.92%
Delta: 39.35%
Plateau: 39.16%
Anambra: 38.96%
Zamfara: 38.93%
Kebbi: 38.51%
Abuja: 38.38%
Nassarawa: 37.70%
Benue: 37.64%
Katsina: 37.54%
Yobe: 37.44%
Taraba: 36.06%
Borno: 34.74%
Bauchi: 34.35%
Adamawa: 31.72%
{The Cable News}
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Tinubu Leaves For Saudi Arabia Tomorrow For Arab-Islamic Summit
By Kayode Sanni-Arewa
Nigerian president, Bola Tinubu, will be departing the country Abuja on Sunday for Riyadh, Saudi Arabia, to attend the Joint Arab-Islamic Summit, which will focus on the current situation in the Middle-East.
Naijablitznews reports this was contained in a statement by presidential aide, Bayo Onanuga, on Saturday said the Summit will commence on Monday, November 11, 2024.
“It is being held at the invitation of King Salman and Crown Prince Mohammed bin Salman and follows last year’s summit in the same Saudi city.
“During the summit, President Tinubu is expected to address the ongoing Israel-Palestinian conflict, emphasising Nigeria’s strong call for an immediate ceasefire and the urgent need for a peaceful resolution.
“Nigeria will also advocate for renewed efforts to revive the two-state solution as a pathway to lasting peace in the region,” he said.
He noted that key officials including the minister of foreign affairs, Ambassador Yusuf Tuggar, would accompany the President.
Other members of the entourage are the National Security Adviser, Mallam Nuhu Ribadu; Minister of Information and National Orientation, Alhaji Mohammed Idris; and the Director General of the National Intelligence Agency (NIA), Amb. Mohammed Mohammed.
He noted that after the conclusion of the summit, President Tinubu would return to Abuja.
It could be recalled that Tinubu had departed Nigeria on Wednesday, October 2, for a two-week working vacation in the UK as part of his annual leave.
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