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FOOD INFLATION ESCALATES WITH PRICES SURGING BY 99.22% IN THREE YEARS

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Despite the Central Bank of Nigeria’s (CBN) recent increase in monetary policy rates, the steady rise in the inflation rate persists, particularly impacting rural areas where the price of foodstuff has nearly doubled over the past three years. The latest Consumer Price Index (CPI) report for April 2024, published by the National Bureau of Statistics (NBS), revealed that the Rural CPI for food almost doubled compared to figures from the past three years.

Despite the CBN’s efforts to tighten liquidity by increasing monetary policy rates by 400 and 200 basis points in February and March, respectively, inflationary pressures continue unabated.

According to analysts at Nairametrics, the average food prices for rural Nigerians increased by 99.22% from April 2021 to April 2024.

The CPI, as defined in the report, measures the average change in the cost of goods and services consumed by people over time, with a base year of November 2009 (100).

An analysis of the data showed a significant increase in rural food CPI from March 2021 to April 2024. In March 2021, the food CPI stood at 419.7, marginally increasing to 423.7 in April 2021.

Subsequently, the food CPI rose to 488.4 by March 2022, further climbing to 497.9 in April 2022, indicating a year-on-year (Y-O-Y) inflation of 17.50% and a month-on-month (M-O-M) inflation of 1.94%.

The inflationary trend continued as the rural food CPI surged to 601.4 in March 2023 and reached 613.2 in April 2023, with Y-O-Y inflation at 23.17% and M-O-M inflation at 1.97%.

In April 2024, the food inflation rate reached 40.53% on a year-on-year basis, marking a 15.92% increase compared to April 2023 (24.61%).

Further analysis of the data revealed food inflation figures across several Nigerian states. Kogi state reported the highest food inflation value on a year-on-year basis at 48.62% in April 2024, followed by Kwara (46.73%) and Ondo (45.87%). Meanwhile, Adamawa (33.61%), Bauchi (33.85%), and Nasarawa (34.03%) recorded the slowest rise in food inflation on a year-on-year basis.

On a month-on-month basis, Lagos recorded the highest food inflation at 4.74% in April 2024, followed by Edo (4.06%) and Yobe (3.99%). Conversely, Kano (0.47%), Adamawa (0.98%), and Zamfara (1.50%) reported the slowest rise in food inflation.

YEMI ALADE ERRONEOUSLY ENGAGES WITH A FALSE WIZKID ACCOUNT; FANS RESPOND

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Yemi Alade caused a stir online when she mistakenly interacted with a fake Wizkid page on X, a social media platform. The incident occurred after the verified Wizkid fan account, affiliated with the “Wizkid FC” group, replied to one of Yemi Alade’s posts with a cryptic message about the star’s plans for the next day.

Believing it was Wizkid’s genuine page, Yemi Alade promptly responded, sparking reactions and discussions among fans and followers.

See the post below:

 

BURNA BOY ENTERS NOLLYWOOD

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Grammy-winning singer, Damini Ogulu, known as Burna Boy, is stepping into the world of Nollywood as an executive producer. The ‘African Giant’ crooner is set to produce his first Nollywood movie, ‘3 Cold Dishes,’ marking his debut in the film industry.

Burna Boy will serve as an executive producer for ‘3 Cold Dishes,’ a project under Black Mic Mac production. The movie will be produced through Spaceship Films, a company co-founded by Burna Boy and his mother, Bose Ogulu.

Co-produced by Black Mic Mac, Ifind, Alma Prods, Asurf Films, and Martian Network, ‘3 Cold Dishes’ is directed by Asurf Oluseyi and written by Tomi Adesina. The story unfolds across Nigeria, the Republic of Benin, and Côte d’Ivoire, exploring themes of strength and resilience.

Asurf Oluseyi, the director, expressed his dedication to bringing the story to life, emphasizing the challenges and efforts behind the film’s creation. The movie features a star-studded cast including Osas Ighodaro, Femi Jacobs, Wale Ojo, Ruby Akubueze, Brutus Richards, alongside actors from Ivory Coast and Senegal.

TIMINI DISCUSSES MARRIAGE, SHARES INTENTIONS OF TYING THE KNOT SOON (VIDEO)

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Timini Egbuson recently opened up about his relationship status and expressed his openness to settling down soon.

During his appearance on the latest episode of ‘Who’s In My House,’ hosted by Hawa Magaji, the 36-year-old actor shared his thoughts on marriage.

In a candid moment, Egbuson revealed his biggest regret, expressing that he wished he had tied the knot earlier in life. He mentioned that he could have had a teenage child by now if he had settled down sooner.

Speaking further on his relationship status, Egbuson disclosed his preferred love languages, citing acts of service and words of affection. He expressed his desire to be more present for his partner in the upcoming year.

“My strongest love language is acts of service, and also words of affection because I am a good talker. For me, because I am very busy, it’s not very realistic for me to focus on quality time and I feel like that’s something I am working on. Like I said, this year I want to be a little bit more available so that I can spend quality time with my partner.”

HILDA BACI AND HER PRODUCER BOYFRIEND ALLEGEDLY SET TO MARRY

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Hilda has been proudly showcasing her relationship with her boyfriend on her Instagram page lately.

According to Nigerian gossip blogger, Cutie Juls, Hilda Baci, the renowned Nigerian chef and Guinness World Record holder, is said to have recently become engaged to her boyfriend.

Cutie Juls posted multiple photos of the couple on Instagram along with a teasing caption.

“I have some juicy gossip, but I won’t spill unless you all chip in and buy me a refreshing chilled Fanta and some biscuits.

Once you’ve indulged me, I might just share the news that Hilda and Dapper are now engaged.

The engagement news was apparently kept quite hush-hush 👩‍💻

Shhhhhhh… let’s keep this between us, okay? Don’t tell a soul.”

According to the blogger, Hilda’s partner is Damilola Akinwunmi, also known as Dapper, a music executive.

The post featured four lovely pictures of Hilda dressed in a sheer white outfit, posing with Dapper, who sweetly kissed her arm from behind.

“I HAVE TRANSFORMED INTO AN EVANGELIST” – DOYIN OKUPE DECLARES HIS EVANGELICAL MISSION FOLLOWING TWO BATTLES WITH CANCER

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Doyin Okupe, a former campaign director for the Labour Party during the 2023 presidential election, has revealed his new calling as an evangelist of Jesus Christ following his second battle with cancer.

In an interview on Channels Television’s programme Political Paradigm, Okupe shared his remarkable journey of transformation, including significant weight loss, and detailed the challenges he faced with cancer.

Having battled prostate cancer 16 years ago and recently undergoing treatment for cancer in the soft tissues of his right shoulder, Okupe emphasized the pivotal role of medical treatment and divine intervention in his recovery.

Reflecting on his experience, Okupe explained how chemotherapy affected his appetite and caused fluctuations in his weight, dropping from 127kg to 97kg during treatment and eventually stabilizing at 103kg afterward.

Through his health struggles, Okupe’s faith in God has deepened, leading him to declare his newfound calling as an evangelist for Christ.

“I bear witness to God and Jesus Christ, I’m a testimony to the fact that there is nothing the Lord God Jehovah can’t do,” Okupe affirmed. “From now on, I have become an evangelist and a witness for Christ.”

JUNIOR POPE: CHARLES OGBU BELIEVES YUL EDOCHIE SHOULD BE RECOGNIZED AS THE MOST INSENSITIVE INDIVIDUAL

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Charles Ogbu, a prominent activist and critic, has strongly criticized Nollywood actor Yul Edochie for his recent statements regarding his late colleague, Junior Pope.

Ogbu slammed Yul, labeling him as the most insensitive person between 2023 and 2024. His condemnation came in response to Yul’s post alleging betrayal by Junior Pope, despite Yul’s support during difficult times.

Yul had stated that he refrained from commenting until after Junior Pope’s burial, intending to reveal details of the alleged betrayal afterward. However, Ogbu found Yul’s remarks nonsensical and insensitive, expressing his disapproval on Facebook.

He emphasized that Yul’s comments were unwarranted, especially considering the recent passing of Junior Pope and the grief surrounding his funeral. Ogbu’s criticism underscores the need for sensitivity and respect when discussing sensitive topics, particularly in the wake of a tragic loss.

Junior Pope tragically lost his life in April alongside three others in a boating accident in Anambra State while returning from a film location. He was laid to rest in his hometown of Ukehe, Igbo Etiti Local Government Area of Enugu State last week.

JUNIOR POPE: SARAH MARTINS CRITICIZES YUL EDOCHIE, SAYING “YOU SHOULD FEEL ASHAMED OF YOUR FINANCIALLY STRUGGLING SELF”

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Sarah took to her Instagram page to express her discontent with fellow actress Yul Edochie’s recent post regarding the late Jnr Pope. Yul had shared insights into his strained relationship with a prominent actor who had recently passed away and his absence from the actor’s burial.

In response, Sarah accused Yul of exploiting the situation to gain attention and profit on Facebook, insinuating that he intended to capitalize on the late Jnr Pope’s name for personal gain. She questioned Yul’s motives and suggested that his second wife, Judy Austin, was behind the social media post.

Sarah’s remarks shed light on the controversy surrounding Yul’s statements and raised questions about his intentions and sincerity in addressing the matter.

She wrote, “Yul Edochie!!! So like this na you wan use the late Junior Pope trend and make money on Facebook huh??? You should be ashamed of your broke self! Hungry Odiegwu!!!.

“I’m 100% sure say an Judy dey push you to dey type that nonsese you typed. So who wan come defend am now wey he don kpai??? Make una try dey get consciense. Very anyhow person.”

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KENNETH OKONKWO PARTS WAYS WITH ABURE-LED LABOUR PARTY

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Nollywood actor and politician Kenneth Okonkwo has declared the suspension of his association with the Julius Abure-led National Working Committee of the Labour Party (LP). His decision stems from his commitment to prioritizing a new Nigeria, even if it means sacrificing victory for integrity.

Okonkwo, who served as the spokesperson for the Labour Party Obi-Datti Presidential Campaign Council in the 2023 elections, voiced his discontent via his X account on Tuesday. He likened the current leadership under Abure to the same incompetence and corruption he sought to distance himself from when he left the All Progressives Congress (APC).

In his post, he denounced the recent national convention organized by Abure as rife with criminality and corruption. His statement underscored a firm stance on upholding ethical standards, stating, “I prefer to lose doing the right thing than win doing the wrong thing.”

Okonkwo emphasized his disillusionment by highlighting his departure from the ruling APC due to perceived incompetence and dishonesty, only to encounter similar shortcomings within the current Abure-led National Working Committee of the Labour Party.

TAIWO AWONIYI TEASES ABOUT HIS FUTURE IN THE PREMIER LEAGUE

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Taiwo Awoniyi, the Super Eagles of Nigeria striker, has hinted at the possibility of remaining in the Premier League next season following Nottingham Forest’s successful bid to avoid relegation. Having joined Nottingham Forest from Union Berlin for a transfer fee of 20.50 million euros on July 1, 2022, Awoniyi has been a pivotal figure for the team despite facing various injury challenges.

In the recently concluded 2023-2024 Premier League season, the 26-year-old Nigerian international showcased his talent by scoring 6 goals and providing 3 assists in 20 league appearances.

Despite his significant contributions to Nottingham Forest, there have been rumors suggesting that Awoniyi might be offloaded this summer. Nottingham’s owner, Evangelos Marinakis, is reportedly considering selling some of the club’s key players to avoid breaching the Premier League’s financial fair play regulations.

However, Awoniyi’s recent Facebook post implies his intention to stay at Nottingham Forest beyond this season. “After all is said and done. I’m who I am because of you (God). See you next season @premierleague,” he wrote, indicating his readiness to continue with the club.

He further expressed gratitude to Nottingham Forest supporters, stating, “Another year to remember again. You deserve it, Nottingham Forest. Thanks for your support always and for helping us to push through. You truly the best, You RED.”

It’s noteworthy that Awoniyi’s contract with Nottingham Forest is set to expire on June 30, 2027.

“Doyin Okupe Recounts Battle with Cancer, Declares: ‘I’m Now an Evangelist for Jesus Christ'”

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“A former Labour Party (LP) presidential spokesperson, Doyin Okupe, has embraced a new identity as an evangelist of Jesus Christ, attributing his transformation to God’s intervention in his battle with cancer and weight loss journey.

Okupe shared his testimony while appearing on Channels Television’s programme, Political Paradigm. When asked about his weight loss journey, he explained that his significant weight loss was primarily due to undergoing chemotherapy for cancer treatment, which often leads to loss of appetite and nausea. He recounted his journey from weighing 127kg before chemotherapy to reaching 97kg during treatment and then regaining weight after chemotherapy ended.

Additionally, Okupe revealed that he battled cancer twice, first 16 years ago with prostate cancer and recently with soft tissue cancer in his right shoulder. He credited his survival and recovery to the intervention of God and Jesus Christ, declaring himself as a testimony to God’s power and a witness for Christ.

In light of his experience, Okupe expressed his newfound role as an evangelist for Jesus Christ, emphasizing his belief in the limitless power of God.”

“New Pro-Fubara Commissioners Sworn-in for Rivers State”

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“Rivers State House of Assembly, under the leadership of Victor Oko-Jumbo, has successfully screened and confirmed eight commissioner-designates nominated by Governor Siminalayi Fubara. These appointments aim to fill the vacancies left by the former pro-Wike commissioners who resigned recently.

The confirmed nominees are Prince Charles Bekee, Collins Onunwo, Solomon Eke, Basoene Benibo, Peter Medee, Tasie Amadi, Tambari Sydney Gbara, and Ovy Orluideye Chukwuma.

During the screening process, the commissioner-designates expressed their dedication to utilizing their expertise to advance Governor Fubara’s administration. Sokari Goodboy Sokari, the Leader of the Oko-Jumbo-led Rivers State Assembly, highlighted the nominees’ extensive service in various capacities within the state during the debate on their screening. He urged the House to confirm them, which was seconded by Adolphus Orubienimigha, leading to unanimous confirmation by the members.

Speaker Oko-Jumbo seized the opportunity to commend Governor Fubara for his remarkable achievements, emphasizing the impactful projects implemented across the state. He reassured the governor of the assembly’s steadfast support and urged him to remain focused on delivering the dividends of democracy to the people.”

“Family of Benue Girl Found Dead in Abuja Believes Margaret Oyibo Committed Suicide Due to Failed Marriage”

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“The family of Margaret Oyibo Atayi, a young woman from Benue State found dead in Abuja, believes she took her own life due to depression stemming from her troubled marriage. Margaret, who hailed from Ugbokolo in Okpokwu LGA of Benue State, was last seen near City College of Education, Abacha Road, Mararaba, Abuja, at around 3 am on Friday, May 17.

Confirming her death, her father Mr. Atayi revealed that Margaret, a mother of two, had been grappling with depression due to mistreatment by her husband. He recounted that she left home without informing anyone and her body was discovered on Monday, with evidence suggesting suicide.

Announcing her death on Facebook, Margaret’s sister Stella Ameh expressed gratitude for the support received during the search efforts. She lamented that while Margaret was found, she had already passed away.

Responding to inquiries, Stella disclosed that Margaret’s depression was exacerbated by mistreatment from her husband, whom she married after the death of his first wife. The husband, originally from Orokam in Ogbadibo LGA of Benue State, allegedly relocated Margaret and their children to Nigeria before abandoning them.

Further investigation revealed that Margaret had confided in friends about her struggles and expressed feelings of helplessness, stating that suicide seemed like the only option as she could no longer care for her children.”

“Peter Obi Reverses Position, Endorses Julius Abure-led NWC Amidst LP Crisis”

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“Former Anambra State governor and 2023 Labour Party (LP) presidential candidate, Peter Obi, has made a significant shift in his stance by endorsing the party’s national chairman, Julius Abure. Obi’s endorsement came during his visit to the LP’s national headquarters in Abuja, where he was warmly received by Abure and other party leaders.

This marks a notable change of heart for Obi, who had previously abstained from the party’s controversial national convention, held in his home state, amidst a leadership crisis within the party. During his visit, Obi not only expressed support for Abure but also endorsed the newly elected National Working Committee (NWC) led by Abure.

In his address, Obi urged aggrieved party members to prioritize the welfare of Nigerians and the nation above personal interests. He emphasized the importance of unity within the party and pledged to work towards reconciling all factions involved in the party crisis.

Speaking in response, Abure expressed gratitude for the visit and emphasized the need for all dissenting voices to set aside personal interests and collaborate for the betterment of the party. He called for unity and cooperation in building a stronger LP that would effectively participate in the upcoming election season and contribute to the realization of a better Nigeria.

Abure’s remarks underscored the importance of putting aside personal differences in pursuit of a common goal—a sentiment echoed by Obi’s call for unity and focus on national development.”

“Banex Plaza Attack: Army Condemns Assault on Soldiers, Breaks Silence”

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“The Nigerian Army has issued a strong condemnation of the attack on its personnel at Banex Plaza, Abuja, over the weekend. Maj-Gen Onyema Nwachukwu, the Director of Army Public Relations, conveyed this stance in a statement released on Tuesday in Abuja.

Following the assault on soldiers, the Nigerian Army took swift action, collaborating with policemen on internal security duties to rescue the attacked personnel from being lynched by the assailants. Nwachukwu emphasized that the soldiers were unarmed, non-aggressive, and posed no threat to anyone, making the violence against them unjustifiable.

In response to the incident, a meeting was held with the management of Banex Plaza to identify and apprehend the perpetrators, leading to the temporary shutdown of activities in the plaza. This measure aimed to ensure that those who have been using the Banex neighborhood as a base to pose security threats are apprehended.

The army spokesperson stressed the importance of conducting a thorough investigation to understand the immediate and underlying causes of the attack. Such investigations are crucial for maintaining security in the Federal Capital Territory and preventing similar incidents in the future.

Nwachukwu underscored that violence against security personnel is reprehensible and could escalate into a broader breakdown of law and order, endangering national security. He urged the public to exercise caution and report grievances or misconduct by personnel through established channels, rather than resorting to violence.”

“UNODC Warns That Capital Punishment for Drug Offenders May Not Decrease Crime Levels”

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“The United Nations Office on Drugs and Crime (UNODC) has cautioned that the Nigerian Senate’s proposal to impose capital punishment on drug trafficking offenders may not significantly reduce the prevalence of such crimes. Oliver Stolpe, the Country Representative of UNODC, delivered this assessment during a two-day media personnel training session on anti-corruption, police accountability, wildlife crime, and sensitization on drugs prevention, treatment, and care (DPTC), organized by UNODC, the National Drug Law Enforcement Agency (NDLEA), and other partners in Abuja.

Stolpe emphasized that the deterrent effect of the death penalty has not been convincingly proven and reiterated the UN’s stance against capital punishment. He underscored the need for a clear distinction between drug trafficking offenses and drug use, asserting that drug addiction should be treated as a health issue rather than a criminal one.

Regarding the outdated drug data in Nigeria, Stolpe highlighted the necessity for updated surveys, noting that the most recent national drug survey was conducted in 2018 and may not accurately reflect the current drug usage trends in the country.

Brigadier General Buba Marwa (retired), Chairman and Chief Executive Officer of NDLEA, emphasized the crucial role of the media in Nigeria’s fight against drug abuse and trafficking. Marwa, represented by NDLEA Secretary Shedrach Haruna, recognized the media as a vital partner in promoting transparency, accountability, and awareness in law enforcement efforts.”

“Benue Assembly Advances Civil Protection Guards Bill to Second Reading”

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“Benue Assembly Advances Bill for Establishment of Civil Protection Guards to Second Reading”

The Benue State House of Assembly has progressed a bill for the establishment of Benue Civil Protection Guards to its second reading. Leading the debate on the bill, House Majority Leader Mr. Saater Tiseer highlighted the susceptibility of Benue to attacks by various militias. Tiseer emphasized that the swift passage of the bill would empower the state to take charge of its security and protection.

Seconding the motion for the bill’s second reading, House Minority Leader Mr. Michael Audu underscored the lawmakers’ commitment to the security of their constituents and urged members to support the bill. The house unanimously agreed to proceed with the second reading of the bill.

Subsequently, Speaker Mr. Hyacinth Dajoh invited the Clerk, Mr. Bernard Nuleto, to read the bill for the second time before referring it to the Rules and Business Committee for further legislative scrutiny.

In another development, a bill aimed at providing for retirement age and improving the remuneration of magistrates also passed its second reading on the house floor. During the lead debate, the Majority Leader expressed concerns over the lack of accommodation, protection, and official vehicles for magistrates in the state. He stressed the importance of respecting and protecting magistrates to ensure their motivation and efficiency in carrying out their duties.

The motion for the bill’s second reading was supported by Audu, and the house agreed to proceed with it. Speaker Dajoh referred the bill to the Rules and Business Committee for further examination.

“Sri Lankan Government Plans to Introduce Two Bills to Strengthen Economy”

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“The Sri Lankan government is poised to present two significant bills aimed at fortifying the nation’s economy to parliament on Wednesday, as announced by Minister of State for Finance, Shehan Semasinghe, during a press briefing on Monday.

The proposed ‘Economic Transformation Bill’ and ‘Public Financial Management Bill’ are tailored to bolster public finance management and safeguard against potential economic downturns. Semasinghe emphasized the importance of maintaining optimal levels of public financial management to prevent future economic crises, noting that these bills align with recommendations stemming from collaborative efforts with the International Monetary Fund (IMF).

The legislation encompasses reforms essential for international trade, trade agreements, and initiatives related to climate change mitigation. Semasinghe highlighted that in 2022, Sri Lanka’s public debt ratio stood at 128%, with plans to reduce it to below 95% by 2032. Similarly, the fiscal requirement, which accounted for 34.6% of gross domestic product (GDP) in 2022, is targeted to be lowered to below 13% by 2032.”

“NECA to Launch Mentorship and Employability Programs in Six Universities”

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“The Nigeria Employers Consultative Association (NECA) is gearing up to launch mentorship and employability programs in six universities nationwide, spanning across the six geopolitical zones of the country. Director-General Adewale-Smatt Oyerinde revealed this plan during an interview in Abuja on Tuesday, emphasizing the necessity of addressing Nigeria’s high unemployment rate.

Oyerinde stated that the initiative aims to enhance the employability potential of Nigerian youth, enabling them to compete effectively both locally and globally. Scheduled to commence toward the end of this year or early next year, the programs seek to equip participants with the necessary skills and opportunities for career advancement.

NECA also intends to develop credible policy recommendations for the government to consider in tackling youth unemployment. The organization recently hosted the 2024 Job Fair in Lagos as part of its employability scheme, focusing on green jobs and renewable energy to tap into the vast untapped potential in these sectors.

Oyerinde highlighted the International Labour Organisation’s estimation of over 20 million job opportunities in the green economy and renewable energy, underscoring the importance of exposing Nigerian youths to these opportunities. NECA’s efforts are aimed at collaborating with various stakeholders to address the country’s persistent unemployment challenges.”

VICTOR OSIMHEN COULD CONCLUDE HIS NAPOLI TENURE WITH THE LAST MATCH ON MAY 26

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Victor Osimhen, the Super Eagles of Nigeria striker, is poised to play his final match for Napoli on Sunday, May 26, against Leece. Having joined Napoli from Lille on September 1, 2020, for a substantial transfer fee of €77.50 million, Osimhen has consistently delivered double-digit goal tallies each season.

Despite grappling with injuries this season, the 25-year-old Nigerian international has impressively netted 17 goals and provided four assists in 31 appearances across all competitions.

Amid reports of muscle fatigue, Osimhen sat out Napoli’s recent league fixture, a 2-2 draw against Fiorentina. However, there are indications from Il Corriere dello Sport that he may be fit to feature in his farewell league match for Napoli this weekend.

Furthermore, the Italian publication suggests that several top European clubs, including Manchester United, Chelsea, and Paris Saint Germain, are keenly interested in securing Osimhen’s services this summer. These clubs are reportedly prepared to meet his €130 million release clause to finalize a deal.

With the likelihood of Osimhen departing Napoli next season, the former Italian champions have already identified potential replacements, including Lille and Canada striker Jonathan David, and Girona’s Artem Dovbyk.

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