BREAKING: Nigeria’s inflation rate slows for second consecutive month to 32.15% - NBS - Newstrends
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BREAKING: Nigeria’s inflation rate slows for second consecutive month to 32.15% – NBS

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BREAKING: Nigeria’s inflation rate slows for second consecutive month to 32.15% – NBS

Nigeria’s headline inflation rate eased to 32.15% in August 2024 down from the 33.40% recorded in July 2024, reflecting a decrease of 1.25 percentage points.

This represents the second consecutive monthly slowdown in inflation after easing in the previous month.

This is according to the Consumer Price Index (CPI) report published by the National Bureau of Statistics (NBS).

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However, on a year-on-year basis, the August 2024 inflation rate was 6.35 percentage points higher than the 25.80% rate recorded in August 2023, indicating a significant increase over the past year.

On a month-on-month basis, the inflation rate in August 2024 stood at 2.22%, slightly lower than July’s rate of 2.28%, signaling a slower pace in the increase of the average price level compared to the previous month.

BREAKING: Nigeria’s inflation rate slows for second consecutive month to 32.15% – NBS

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FG Targets 95% NIN Coverage by December 2026

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FG Targets 95% NIN Coverage by December 2026

The Federal Government is targeting 95 per cent National Identification Number (NIN) coverage nationwide by December 2026 as it expands Nigeria’s digital identity system.

President Bola Tinubu announced the target during the 2026 National Identity Day celebration in Abuja, where he was represented by Chief of Staff Femi Gbajabiamila.

The President said NIN enrolment had risen to about 142 million, up from more than 80 million recorded when his administration came into office.

To reach the new target, the government plans to expand registration through ward-level enrolment, mobile registration initiatives and licensed agents. Reports from the event said free enrolment is being extended to all 8,809 wards across the country.

Identity System for Digital Economy

Tinubu said the government wants to build an identity infrastructure that can support Nigeria’s growing digital economy.

He said a secure national identity could make it easier to access services while supporting areas such as digital banking, healthcare, transportation and government programmes.

The President also said the expansion must go hand in hand with safeguards for citizens’ privacy and dignity.

Beyond enrolment numbers, he said the government was working towards a more connected digital public system, including electronic health records, e-transport services and a more coordinated national data architecture.

The NIMC’s ongoing expansion therefore aims not only to register more Nigerians and legal residents, but also to make the identity system a key part of how people access digital and public services.

FG Targets 95% NIN Coverage by December 2026

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Education

25 Universities, Teaching Hospitals Get Solar Power Under REA Programme

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25 Universities, Teaching Hospitals Get Solar Power Under REA Programme

Twenty-five federal tertiary institutions have been connected to solar electricity under the Rural Electrification Agency’s (REA) Energizing Education Programme.

The REA Managing Director, Abba Aliyu, disclosed this during the commissioning of a 3MW captive solar hybrid power project at Yakubu Gowon University, Abuja.

According to Aliyu, the programme covers 22 federal universities and three affiliated teaching hospitals and has deployed more than 100MW of clean energy.

He said the initiative now benefits over 300,000 students and 50,000 academic and administrative staff.

Aliyu added that the new 3MW facility would power key university facilities, including lecture halls, laboratories, ICT systems, administrative buildings and campus lighting.

Meanwhile, Minister of Power Joseph O. Tegbe said reliable electricity was essential to supporting teaching, research, healthcare and digital services in universities.

He stressed that the long-term performance of the solar projects would be more important than their commissioning.

Vice-Chancellor of Yakubu Gowon University, Prof. Hakeem Babatunde Fawehinmi, also said dependable electricity was critical to the institution’s academic and research activities.

25 Universities, Teaching Hospitals Get Solar Power Under REA Programme

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OAU Investigates Death of Final-Year Student as Police Begin Probe

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OAU Investigates Death of Final-Year Student as Police Begin Probe
OAU Investigates Death of Final-Year Student as Police Begin Probe

Obafemi Awolowo University (OAU), Ile-Ife, Osun State, is investigating the death of a final-year student of the institution.

The student, Oluwole Oluwosegun, was studying Materials Science and Engineering at the university.

According to the university’s Public Relations Officer, Olarewaju Abiodun, the incident occurred on Tuesday afternoon at the student’s off-campus residence around the Damico area of Ooni Layout, Ile-Ife.

After receiving the report, the university’s Quick Response and Security (QRS) Team went to the location. The team also contacted the Nigeria Police, after which officers from the ‘A’ Division in Moore, Ile-Ife, joined them at the scene.

The university later took the student to its Health Centre, where a medical doctor confirmed his death.

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Police Begin Investigation

Following the incident, university authorities handed relevant information and items recovered from the scene to the police to support their investigation.

The police have since begun inquiries into the circumstances surrounding the student’s death.

Meanwhile, the university said it had informed the appropriate student affairs authorities to provide necessary follow-up, particularly regarding the welfare and emotional support of students affected by the incident.

Vice-Chancellor Professor Simeon Bamire also expressed condolences to the student’s family, friends, classmates and colleagues.

The university further encouraged students facing severe emotional distress, relationship difficulties, financial pressure or other personal challenges to seek help from trusted people and available university support services.

Professor Bamire reaffirmed the institution’s commitment to the welfare of its students and staff, stressing that no student should feel they must face overwhelming difficulties alone.

OAU Investigates Death of Final-Year Student as Police Begin Probe

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