Food inflation persists as prices of bread, others increase - NBS report – Newstrends
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Food inflation persists as prices of bread, others increase – NBS report

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Food inflation persists as prices of bread, others increase – NBS report

The National Bureau of Statistics (NBS) reports that prices of essential food items, including beans, eggs, bread, rice, and tomatoes, experienced significant increases in September 2024.

The NBS said this in its Selected Food Prices Watch report for September 2024 released in Abuja on Wednesday.

The report said that the average price of 1kg of brown beans increased by 281.97 per cent from N716.97 recorded in September 2023 to N2,738.59 in September 2024.

“On a month-on-month basis, 1kg of brown beans increased by 6.37 per cent in September from the N2,574.63 recorded in August 2024.”

It said that the average price of medium-sized agric eggs (12 pieces) increased by 137.43 per cent on a year-on-year basis from N1,047.47 recorded in September 2023 to N2,487.04 in September 2024.

“On a month-on-month basis, the eggs increased by 8.46 per cent from the N2,289.19 recorded in August 2024.”

The report said that the average price of sliced bread increased by 115.74 per cent on a year-on-year basis from N708.36 in September 2023 to N1,528.19 in September 2024.

“On a month-on-month basis, the price increased by 4.68 per cent from the N1,459.85 recorded in August 2024.”

In addition, the average price of 1kg of local rice rose by 152.92 per cent on a year-on-year basis from N757.06 in September 2023 to N1,914.77 in September 2024.

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“On a month-on-month basis, it increased by 4.57 per cent from N1,831.05 recorded in August 2024.”

Also, the report said that the average price of 1kg of boneless beef increased by 99.99 per cent on a year-on-year basis from N2,816.91 in September 2023 to N5,633.60 in September 2024.

“However, on a month-on-month basis, the price decreased by 1.44 per cent from the N5,553.80 recorded in August 2024.”

The NBS said the average price of 1kg of tomato also increased on a year-on-year basis by 152.94 per cent from N 565.69 recorded in September 2023 to N1,430.87 in September 2024.

“However, on a month-on-month basis, the average price of 1kg of tomato declined by 5.01 per cent from N1,506.35 in August 2024 to N1,430.87 in September 2024.”

In addition, the average price of 1kg of local rice rose by 152.92 per cent on a year-on-year basis from N757.06 in September 2023 to N1,914.77 in September 2024.

On state profile analysis, the report showed that in September 2024, the highest average price of 1kg of brown beans was recorded in Bauchi at N3,450.04, while the lowest was recorded in Adamawa at N 1,800.

It said that Niger recorded the highest average price of medium size agric eggs (12 pieces) at N3,000.84, while the lowest was in Borno at N2,075.58.

The NBS said that the highest average price of sliced bread was recorded in Rivers at N1,852, while the lowest price was recorded in Yobe at N982.79.

According to the report, Kogi recorded the highest average price of 1kg local rice (sold loose) at N2,688.04, while the lowest was reported in Benue at N1,229.14.

The report said the highest price of 1kg of tomato was recorded in Abuja at N2,212.61, while the lowest price was recorded in Kano at N656.21.

Analysis by zone showed that the average price of 1kg of brown beans was highest in the South-South at N3,241.46, followed by the North-Central at N2,935.96.

“The lowest price was recorded in the North-West at N2,316.42.”

The North-Central and North-East recorded the highest average price of medium-sized agricultural eggs (12 pieces) at N2,833.42 and N2,501.79, respectively, while the lowest price was in the North-West at N2,249.65.

The report said that the South-South recorded the highest average price of sliced bread at N1,812.08, followed by the South-East at N1,655.80, while the North-East recorded the lowest price at N1,351.92.

The NBS said also that the North-East and the South-East recorded the highest average price of 1kg of local rice (sold loose) at N2,031.96 and N2,015.92, respectively.

“The North-West recorded the lowest price of 1kg of local rice (sold loose) at N1,714.31.”

In July, the federal government, in a bid to address the incessant increase in food prices and ensure food security, granted a 150-day duty-free import window for some food commodities.

The suspended duty tariffs and taxes will be on the importation of certain food items across the land and sea borders which include maize, cowpeas, wheat, and husked brown rice.

However, experts have suggested more sustainable measures such as addressing the issue of insecurity, foreign exchange and transportation costs to address the soaring food prices and ensure food security.

Food inflation persists as prices of bread, others increase – NBS report

(NAN)

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Suspected IPOB members kill two soldiers in Imo

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Nigerian Military Troop

Suspected IPOB members kill two soldiers in Imo

The Nigerian Army has confirmed the death of two soldiers and the theft of their weapons by operatives of the Eastern Security Network (ESN), the militant arm of the Indigenous People of Biafra (IPOB).

IPOB is a separatist group advocating for the creation of the Republic of Biafra, citing longstanding grievances over the marginalization of Nigeria’s South-East region since the Biafra-Nigeria civil war.

In a statement released on Saturday, the Nigerian Army explained that the incident occurred in Osina, Ideator North Local Government Area of Imo State, when troops from the 34 Artillery Brigade, returning from a routine patrol, responded to an emergency call about an attack on Osina Community by IPOB/ESN forces.

The statement revealed that upon arrival, the troops engaged the “terrorists” with overwhelming firepower, resulting in casualties among the attackers. However, the Army did not provide specific numbers, only noting that the “dissidents” eventually withdrew in disarray.

“Unfortunately, two security agents had been killed in action and one other missing in action, with their weapons—a AK-47 rifle and a tear gas launcher—being seized by the terrorists,” the statement said.

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The Army confirmed that the bodies of the fallen soldiers had been recovered, and the troops pursued the fleeing militants.

“Contact was again made with the criminal IPOB/ESN elements at Nkwachi Community, and in the firefight that ensued, one of the dissidents was neutralized while others, unable to withstand the troop’s firepower, retreated into the nearby forest. One AK-47 rifle with a fully loaded magazine was recovered, ” the statement said, adding that the troops continued their pursuit into Umalouma forest, where another intense exchange of fire took place.

“The dissidents eventually abandoned their weapons due to the troops’ superior firepower and scattered into the dense forest with severe gunshot wounds. An additional four AK-47 rifles, one Fabrique Nationale rifle, and two magazines were recovered,” the statement added.

The Army assured the public that operations would continue, with efforts to track down and eliminate the remaining criminals. “Further exploitation is ongoing as troops continue to track down the injured terrorists and flush them out of their hideouts and treatment locations,” the statement stated. “We urge all IPOB/ESN elements and other criminals hiding in the bushes to surrender to the nearest troops or face defeat, as the Brigade will ensure that the people of Imo celebrate the Yuletide season in peace, free from fear or intimidation.”

The Nigerian Army also called on the people of Imo State to continue providing timely intelligence to assist in the fight against criminal elements and help rid the state of lawlessness.

 

Suspected IPOB members kill two soldiers in Imo

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13 passengers burnt to death in Ondo auto crash

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An accident scene File photo

13 passengers burnt to death in Ondo auto crash

The Federal Road Safety Corps, Ondo State Sector Command, says no fewer than 13 people were burnt to death along Ikare-Akoko/ Owo Road on Saturday in the state.

Dr Samuel Ibitoye, FRSC State Sector Commander made this known in a statement made available to the News Agency of Nigeria on Saturday in Akure.

“FRSC regrets to inform the public about a road traffic crash that occurred today 28 December, 2024 at Abule Panu before Ose Bridge, on Owo-Ikare highway, Ondo State.

“The fatal crash which occurred at about 10:14 AM claimed 13 lives of commuters in two buses.

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“A total of 14 people were involved, out of which 13 were burnt beyond recognition, while only one was rescued alive with serious injuries.

“Eyewitness account indicates that the bus coming from Ikare axis had a tyre burst which led to loss of control.

“This was resultant in a head-on collision with the bus loaded with fabric coming from Owo axis.

“Immediately after the collision, the two buses went up in flames. The men of FRSC, Police and Fire Service were swiftly at the crash scene for rescue,” he said.

The FRSC boss said that the injured victim was taken to Federal Medical Centre, Owo, while the deceased were deposited at the morgue of the same hospital.

He, therefore, advised drivers to exercise patience on the roads and passionately maintain their vehicles.

“Passengers are also encouraged to speak out against dangerous driving because road safety is a concern of all,” Ibitoye said.

13 passengers burnt to death in Ondo auto crash
NAN

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NDDC empowers Niger Delta young entrepreneurs with N30bn

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NDDC empowers Niger Delta young entrepreneurs with N30bn

The Niger Delta Development Commission (NDDC) has pledged to galvanise the Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) by releasing N30 billion counterpart fund for the development of young entrepreneurs.

The NDDC Managing Director, Dr Samuel Ogbuku who disclosed this in Port Harcourt, restated the Commission’s commitment to empowering the people of the region through economic programmes. 

He highlighted the NDCCITMA’s role in training youths, supporting SMEs, and designing industry-friendly skill development programmes.

Ogbuku said the NDDC was supporting the NDCCITMA to drive economic growth and development in the Niger Delta region by providing financial support, training and networking opportunities for businesses and entrepreneurs.

He said,  “We are providing N30 billion to fund projects and support businesses to ensure the sustainability of our youth development initiatives.

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“We will release the matching funds so the entrepreneurs can access them to boost their businesses. In our 2024 budget, we have provision for N30 billion which we are to use as matching funds for the chamber of commerce. We are working towards releasing this fund so that the chamber of commerce can start work in earnest.

“The Niger Delta Chamber of Commerce will strengthen young entrepreneurs in the region. It is no longer acceptable for our youths to be contented with receiving stipends while at home doing nothing.
Ogbuku remarked that the Commission was collaborating with the Bank of Industry, BOI, to ensure the success of NDDC’s youth development programmes.

“The current NDDC Board and Management choose to look at sustainable options in designing youth programmes. In the past, we did a lot in supporting entrepreneurs in the Niger Delta but these activities were not properly documented and backed with verifiable data.

“Our new strategy is to support genuine entrepreneurs rather than people who are just portfolio entrepreneurs because we know that the government alone cannot employ everybody. Many university graduates are coming out, and the government cannot employ all of them. However, we can empower them by creating an environment where they can engage other persons to expand their businesses.”

 

NDDC empowers Niger Delta young entrepreneurs with N30bn

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