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

Published

1 month ago

October 24, 2024

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)

Related Topics:bread egg Featured inflation

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200,000 repentant terrorists surrender, drop arms in North East – CDS

Published

4 hours ago

November 26, 2024

Trends Admin

Chief of Defence Staff, General Christopher Musa

200,000 repentant terrorists surrender, drop arms in North East – CDS

The Chief of Defence Staff, General Christopher Musa, has disclosed that about 200,000 repentant terrorists have so far dropped their arms and surrendered to troops in the North East, noting that the twin strategy of kinetic and non-kinetic operations was responsible for this achievement.

The CDS made this known at the Security and Justice Symposium organised by the Office of the National Security Adviser (ONSA) in collaboration with the British High Commission, which began at the National Counterterrorism Centre in Abuja on Tuesday.

He disclosed that the theme of the symposium, ”Securing Peace, Ensuring Justice, Protection, Conduct, and Accountability,” speaks volumes about the deluge of security challenges the armed forces and security agencies are facing.

His words, “All the challenges we are facing today have to do with fairness, equity, justice, and accountability.

“There will not be peace without justice, equity, fairness, and accountability. In our operations, we are conducting both kinetic and non-kinetic strategies, which have to a large extent yielded significant successes, and we want to particularly thank the National Security Adviser for his great support in this regard.

“Nigeria is going through so many challenges, and we feel we’re able to address this, and everybody has a sense of belonging. A lot of the security challenges we are having, we are sure, will go down. I want to thank the National Security Advisor for all the support he’s given us, both the kinetic and the non-kinetic.

“We have said it; the kinetic aspect is just less than 30%. The non-kinetic has a lot to play. The non-kinetic, because when you have democracy, people must have the evidence of democracy. As long as it tells people to sleep well and be peaceful, and they are hungry, their children cannot eat, and all this creates more problems.

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“The issue of informants. We have to look at how we tackle this issue of informants. Because these are the people who have created the issue.

“Those supporting the terrorists by giving them logistics, we have to look for the oxygen. Where is the funding coming from? How are they getting the logistics across?

For us in the Armed Forces during our operations, one of the challenges is IEDs. IEDs have been the major challenge since the beginning of the insurgency. So we are looking at aspects of how we handle this, what solutions, and what new things we can do.

“Because you have to be creative. To fight this insurgency, you have to be creative and innovative every day. Because they are not relenting.

“As the theatre commander in the Northeast, we found out that if we are able to deny them this logistics, this oxygen, they will not survive. We did that, and that’s why you have almost 200,000 that have surrendered.

“But through enhanced communications and non-kinetic activities, many of the terrorists are realising the fruitlessness of what they are doing and retracing their steps.

“I’ve observed that with the asymmetrical challenges we are facing if you don’t communicate, you might be doing the right thing, but the perception might be different. And the enemy is working on that. So it’s important that we get that part right.

“And then you cannot work in isolation as a country. We need our international partners working together with us. Our neighbours are very, very relevant to us. Nigeria, as we are all aware, is surrounded by Francophone countries. And so the challenges are there.

In his remarks, the National Security Adviser, Mallam Nuhu Ribadu, said, “The objective of the Security and Justice Symposium, a vital platform for dialogue and collaboration among our security and justice institutions, is clearly to delve into the successes, challenges, and opportunities for growth within the realms of security and justice.

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“As we embark on this journey of critical analysis and discussion, let us keep in mind the noble goals set before us, from analysing and strengthening the intricate relationship between military operations and law enforcement, to enhancing the protection of civilians, very important, and fostering a culture of justice and accountability, to promoting a unified approach in countering improvised explosive devices.

“Each objective is poised to make a significant impact. Our intended achievements are ambitious, of course, yet entirely within our reach.

“As we review and map existing frameworks, evaluate institutional practices, and establish collaborative mechanisms, our collective efforts will chart a course towards a safer and more just society for all.

“I am honoured to see such an esteemed gathering of key stakeholders from various sectors, including representatives from the military, law enforcement agencies, legal authorities, human rights organisations, and civil society groups. Your presence here today underscores the importance of our shared commitment to security, justice, and the well-being of our communities.

On his part, the British High Commissioner to Nigeria, Mr Richard Montgomery, said, “Both Nigeria and Britain have had a good dialogue on the fact that we all face really complex security challenges in many parts of the world, certainly in the West Africa region and even in Nigeria itself, and these complex challenges require a multifaceted approach.

Expressing delight that the CDS, General Musa, talked about the nexus between civil and military collaboration, between kinetic and non-kinetic action, he said this is an area where we’ve seen some really important lessons for us emerging from the Nigerian security architecture.

“At the heart of all this is a recognition of the importance of upholding the rule of law, human rights, humanitarian law, and international humanitarian law. The importance of these principles for the way in which we tackle security challenges, and our lawyers keep telling us, and we have lawyers in the British High Commission as well as the Nigerian government.

“We need to consider the different legal principles and frameworks that apply to criminal violence or to violent conflicts and how we deal with them in protracted conflict zones, and I think that there’s already been a productive dialogue in our security defence partnership.

“The UK knows only too well from our own experience, our own involvement in armed conflict, that incorporating human rights doctrine is quite challenging. The strategies needed are not without complexity, but we do. The UK strongly believes that our commitment to these legal principles and doctrines is because of the experience we’ve had.”

200,000 repentant terrorists surrender, drop arms in North East – CDS

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Robbers kill two members in shoot-out with Delta police

Published

5 hours ago

November 26, 2024

Trends Admin

Robbers kill two members in shoot-out with Delta police

The spokesperson for the police in Delta State, SP Bright Edafe, has confirmed the death of two robbery suspects in the state.

Mr Edafe, who disclosed this to journalists on Tuesday in Warri, said that the deceased were killed from the bullets shot by their gang members.

According to him, the incident occurred on Wednesday at Effurun, Uvwie Local Government Area of the state.

Mr Edafe explained that the deceased were leading the police surveillance team attached to the Ekpan Division to their hideout when they were caught during a shoot-out.

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“The suspects were arrested at Effurun roundabout with a bag containing 57 live cartridges and other items. They were leading the surveillance team to their hideout at Warri/Sapele road when their gang members, on sighting the vehicle of the police team, engaged them in a shootout.During the gun duel, the arrested suspects that were leading the police team were fatally wounded by the gun shot of their colleagues. The two injured suspects were taken to the hospital and later died while receiving treatment,” he said.

Mr Edafe said that items recovered from the hoodlums hideout included: one English pump action gun, one locally made cut-to-size gun and eight live cartridges.

Others were: six iPhones, Smart phones and a Rolex wrist watch.

He said that the command had intensified manhunt on the fleeing members of the gang.

Robbers kill two members in shoot-out with Delta police

(NAN)

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Akwa Ibom businessman abducted, driver killed, police orderly injured

Published

5 hours ago

November 26, 2024

Trends Admin

Dr. Samuel Ekerenam

Akwa Ibom businessman abducted, driver killed, police orderly injured

Gunmen kidnapped a prominent businessman, Dr. Samuel Ekerenam and k!lled his driver in Eket town, the headquarter of Eket Local Government Area of Akwa Ibom State.

Ekerena, the owner of Hephzibah Mall, was abducted about 10:00pm on Saturday, 23 November, 2024.

It was gathered that the gunmen trailed the victim to the shopping complex, shooting sporadically to scare the passers-by away before whisking him away to an unknown destination.

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The body of Ekerenam’s driver was discovered in the pool of his blood, while his police orderly was severely wounded in the gun attack.

The spokesperson of the State Police Command, ASP Timfon John, who confirmed the incident on Monday, November 25, said the Commissioner of Police, CP Joseph Eribo has deployed tactical operatives to comb for the abducted businessman.

The PPRO added that the police were on top of the game and very soon the kidnap victim would be rescued and the perpetrators made to face the full weight of the law.