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Nairaland Forum / Nairaland / General / Politics / Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal (10448 Views)
CBN Raises Interest Rate (MPR) To 22.75% / Timipre Sylva: Petrol Subsidy Will Soon Be Removed / Kyari: FG Will Divert ₦457 Billion Petrol Subsidy To Other Sectors (2) (3) (4)
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Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by chisomkachy: 12:41pm On Jun 15, 2023 |
The consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to 22.41 percent in May 2023, up from 22.22 percent in the previous month. https://www.thecable.ng/breaking-nigerias-inflation-rate-rises-to-22-41-amid-petrol-subsidy-removal/amp 2 Likes
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Re: Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by amerengues(m): 12:50pm On Jun 15, 2023 |
Interesting! By God's grace, it will come down gradually. Consequent upon subsidy removal, an attendant soaring prices of commodities is expected as fuel appears to be the fulcrum of many production and services in Nigeria. A teeming population of this country may not fancy BAT owing to the attendant controversies glued to the mention of his name, however, a very objective and unbiased mind, he has truly hit the ground running. At this stage, please bury your hate and anger and let's work together to the betterment of the country. If he fumbles, the citizenry have every right to demand accountability, good governance and transparency as it's our right. May God strengthen our leaders with good intentions. 27 Likes 1 Share |
Re: Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by felong(m): 12:50pm On Jun 15, 2023 |
49 Likes 2 Shares
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Re: Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by AutoConsult: 12:51pm On Jun 15, 2023 |
No surprise there. In a couple of months, maybe more than a year, we'll begin to see significant changes. 9 Likes 2 Shares |
Re: Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by Dididrumz(m): 12:51pm On Jun 15, 2023 |
Is expected. 5 Likes 1 Share |
Re: Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by Nobody: 12:51pm On Jun 15, 2023 |
bobo Chicago is coming 14 Likes 1 Share |
Re: Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by hazel01(f): 12:51pm On Jun 15, 2023 |
Baba is working…. |
Re: Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by samtinx(m): 12:51pm On Jun 15, 2023 |
meanwhile 2% inflation for US person,want die what if them Nigeria own 8 Likes |
Re: Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by Niyonice(m): 12:51pm On Jun 15, 2023 |
Hmmm... Check Stat for works |
Re: Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by chukiz(m): 12:52pm On Jun 15, 2023 |
Lies and propaganda 1 Like |
Re: Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by AmadeGTG: 12:52pm On Jun 15, 2023 |
Omo this inflation thing no Dey affect those that earn in dollar o. Let me teach you how to make money on YouTube by re uploading football videos. I can teach you everything you need to know. I charge 1kay naira. See my bio for contacts. 1 Like |
Re: Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by Finestgurlie(f): 12:52pm On Jun 15, 2023 |
Tinubu is a criminal 17 Likes 1 Share |
Re: Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by Postinor: 12:53pm On Jun 15, 2023 |
On jagaban mandate Nigerians stand |
Re: Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by tiamiyukunle69(m): 12:53pm On Jun 15, 2023 |
It's normal. When energy cost increased in Europe...there was massive inflation 1 Like 1 Share |
Re: Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by cutedharmee: 12:53pm On Jun 15, 2023 |
Ok |
Re: Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by N2B2: 12:53pm On Jun 15, 2023 |
On his inflation they shall stand. 14 Likes |
Re: Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by Flets: 12:53pm On Jun 15, 2023 |
This is what you get inflicting people-unfriendly policies without solid plans. Tinubu’s policies are utterly reckless. Mumu Nigerians hail textbook policies that don’t apply directly. The negative impacts are not short term either cos there are no plans to cushion them. With limited supply of FX, floating the exchange rate means banks and speculators will determine the rates while CBN plays catch up. I project USD will hit 1000 naira in one month. Fuel subsidy removal only frees up money for looting by the political vultures. Tinubu cannot stop the criminals that supported him to power. If in doubt, point me to the savings from diesel and kerosene subsidy stoppage. Besides no plans to manage accompanying inflation. As for stopping the funding for tertiary institutions and instituting student loans, it only means the poor cannot access tertiary education again. Forget the loan, the bureaucratic bottlenecks will ensure the average youth cannot access i 37 Likes 3 Shares |
Re: Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by DannyWalker: 12:54pm On Jun 15, 2023 |
... It’s a shame that despite how many years of suffering many Nigerians are still blind to this political games. Somebody like Tinubu is doing what he is doing today not because he cares about you people but because he wants to use these small small signing of electricity, student loans and the likes to make you think that Peter Obi case in court is silly and no longer worth it, hence the reason why the blind people amongst you are quick to say that Peter Obi should forget about the case and let Tinubu rule. It's a political strategy I am not a fan of Obi or anyone else but what I know is that, it doesn’t matter how good your plans are for Nigeria, if the process that got you into power is unclean then you do not deserve that position. The world saw the bullshit Tinubu did to gain power. If Obi wins the case tomorrow Tinubu will have to leave, it doesn’t matter whether he had good plans or not. A man who has good plans for a nation will never force his way or cheat his way to that position of power. For Tinubu, it was never about you, it was always about him and his greedy goals that is the reason he kept his hand in the Lagos government over the years. For him it was always about control and be the head. Everything he has done so far are very simple things that Buhari could have signed and done but why didn't that happen? Because APC has an agenda. They create problems and then Tinubu wants to be the Messiah by bringing solutions to the same problems they created. I have always asked, the money agberos collect in Lagos that runs into billions, what does that money do in Lagos state? Over the years Yoruba people keep praising Tinubu for the small achievements of the likes of Fashola, Ambode and Sanwo olu. You are blind and Ignorant and it’s a shame that you think an Igbo man is your enemy when your enemy is the person you call your godfather, the one you worship foolishly. Only God can save you people. If you can't read between the lines of Nigerian politics, you will never be able to understand anything. 31 Likes 1 Share |
Re: Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by damble: 12:54pm On Jun 15, 2023 |
I see the inflation coming down soon |
Re: Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by emerged01(m): 12:54pm On Jun 15, 2023 |
Expected! There is no way there will be removal of fuel subsidy that will not lead to inflation in short run. 1 Like |
Re: Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by Vision101(m): 12:54pm On Jun 15, 2023 |
Marginal increase..... not bad. |
Re: Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by allanphash7(m): 12:55pm On Jun 15, 2023 |
Lol 😂😂😂 Some people are damn funny on this forum Imagine some set of people that will be happier than ever whenever they hear not suitable news about our dear Nation Anyway it's expected We trust the process Suru to l'ojo ni Igba die l'oku The job is already in the hand of the man wey SABi |
Re: Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by slawomir: 12:55pm On Jun 15, 2023 |
Damnnn niggarrrr Hahah It is about to get worse I told ya all Tinubu is just a disaster 22 Likes 1 Share |
Re: Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by directonpc(m): 12:55pm On Jun 15, 2023 |
BAT is working |
Re: Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by dyera(m): 12:55pm On Jun 15, 2023 |
Good to see the inflation rate did not increase to 25% because of the removal of petrol subsidy. 2 Likes |
Re: Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by INTEGRITYA1(m): 12:55pm On Jun 15, 2023 |
The effect is much lower than expected looking at 100% increase in the price of fuel after subsidy removal. We will definitely attain stability in our Economy in no distance time. God Bless Nigeria. 2 Likes |
Re: Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by Ofunaofu: 12:55pm On Jun 15, 2023 |
This has further confirmed that more Nigerians have been moved into multidimensional poverty Last time, it was 130 million Nigerians, but now it has moved to 180 million Nigerians in multidimensional poverty in just two weeks of Bulaba government 8 Likes |
Re: Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by obembet(f): 12:55pm On Jun 15, 2023 |
We will overcome it. Asiwaju is working on it |
Re: Nigeria’s Inflation Rate Rises To 22.41% Amid Petrol Subsidy Removal by MorataFC: 12:56pm On Jun 15, 2023 |
Ok |
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