₦airaland Forum

UPDATE 1-Nigerian inflation rises to 18.3 percent in October
By Alexis Akwagyiram

Nov 14 (Reuters) - Annual inflation in Nigeria accelerated in October to 18.3 percent, the National Bureau of Statistics said on Monday, its highest in more than 11 years and the ninth straight monthly rise, in another sign of the crisis in Africa's biggest economy.

The rise from 17.9 percent in September reflected higher prices for electricity, clothing and food, a separate index for which rose to 17.1 percent from September's 16.6 percent, the statistics office said.

"During the month, the highest increases were seen in housing, water, electricity, gas and other fuels," the statistics bureau said in a statement.
Nigeria, an OPEC member and Africa's most populous nation, has seen its economy fall into recession for the first time in 25 years.
In October, the statistics office revised its forecast for year-end inflation, estimating that the index would end at 17.1 percent to 18 percent, up from its forecast of 9 percent at the start of the year.

TonyeBarcanista:
Wrong Move! They will use it to prosecute 2019 election

The Federal Government is on the verge of refunding at least N20 billion to each of the 36 states for infrastructural development.

gameboyo:
Yet u saw 12 new federal varsities
Yet u saw 100s of new school built for almajiri in d North.
Yet u witnessed the coming back of rail transportation
Yet our economy was the third fastest growing economy in d world.
Yet nysc members received a record pay rise of about 120%
Yet ebola was anihiliated.
Yet agricultural sector was booming.
Automobile sector became the then latest gold mine.
Yet fuel was sold at 87 to 90 naira.
Yet a dollar to naira was 1 dollar to 187 as compared to what I bought last week(467).

Is this d change u voted for?

Inova:
Dont worry. He's planing to send it to your account.

SillyeRabbit:
Several, several billions of dollars was looted under Jonathan. Which way forward ?

abduljabbar4:
And some fools were saying he was sent by God. How can a pervet like that be sent by God? In fact just look at his wife. Nigerian christians think white people care about religion so much like they do. Lalasticlala

kedeojo:
he has to mention his name cos you people always want to tarnish is image, just because he was among those gladiators that chase the corrupt regime under Godluck out of Aso rock. Kudos to him cos for the time I was in PH during his tenure I witness development. No govt primary or secondary is as beautiful and equiped as the one he built in many village, town and Ph can compare to in entire southern region cos I have gone all the states, so don't argue wit me about that.

Daboomb:
..and they all came back having learnt how to bomb NNPC facilities!

Now, that cant be clueless, abi wetin Avengers think?

olawalepopoola:
Eyin ti Trump e je ka ro wo yin! You never see anything! His own go worse pass Obama own self! I pity America and I pity the world inhabitants. One of the sacred seven seals revealed in the book of Revelation is about to be released

Alexk2:
I said it, they didn't believe me.. .i said the man is only lying and talking about what people want to hear.

The revelation just start; more are still coming.

They even said he's a Christian and will restore morality back in US; hmmmm ...we'll all see

MalcoImX:
Anybody with a sense of history knows Trump's not someone to rely on. Even Silvio Berlusconi, a man who by all means shared many of Trump's attributes has distanced himself from him. He just said, unlike Trump he has never advocated for isolationism and protectionism. But where's Omokri and his talk about Trump being the one to protect Christian values?

TrapSoul:
Before nko? You must be fine with it

otukpo:
Trump, i am not fine with it.

uwagimboo:
Then they re certainly gay..

uwagimboo:
I can't believe someone said she is not a lesbian nd multitude liked the post...

For God sake, how many guys would accept one million naira here to act gay porn

Catastrophe1:
CHIDINMA YOU'RE NOT THE FIRST TO BE CROWNED MISS ANAMBRA SO STOP LIEING.

ShaqFu:
Thanks a lot.

WomanOfRace:
so she can live on drugs if she finally contacts it?

ShaqFu:
Hey you. Been a while. How did you go about publishing it on Amazon?

BeeBeeOoh:
Adanne! What happened to our beautiful story over there nah