₦airaland Forum

nwasinachi:
Babaric! this has to stop. Vote Ngozi Okonjo Iweala for president 2019

The general rise in prices of goods and
services in Nigeria hit an all time high of 18.3 per cent in October. This means that the prices of food items and other consumables have gone up considerably making it difficult for the average person to eat three square meals a day.

Inflation has been on the rise for 12 months.
The general rise in prices is attributable to exchange-rate pressures that have persisted on its impact on the prices of goods and services, complicating the central bank’s task of supporting an economy in recession.

In the market place prices of various food items such as yams, garri, palm oil, fruits and vegetables, housing, water, electricity, gas and other fuels as well as, fuels and lubricants for personal transport equipment and education increased considerably in the last three months. In fact pure water which is the common man’s water on the go has gone up from N5 per sachet to N10 in major cities across the country.

A medium-sized basket of fresh pepper now sells for N10,000.00, from N5, 000, while a basket of chili pepper goes for N13, 000.00, as against the N5, 500.00 it sold for previously. A jute bag of onions goes for N12, 500.00 from N11, 000.00, while a 20-litre keg of vegetable oil goes for N6, 100 as against N6, 000 previously.

A four-litre paint measurement of garri that sold for N300 is now N650. At the Daleko Market, Isolo, the prices of the various brands of a 50-kilogramme bag of rice ranges from N17, 000 to N25,000. A bag of lower grades of rice which sold for N9, 000 in December 2015, sold for N13 000 in April this year is now about N20, 000. A five litre of groundnut
oil which was selling for N1, 700 before, is now selling for N2, 200, while its 3.8ltr now sells for N2, 000, as against the former price of N1, 600. A 4 litre keg of groundnut oil previously selling for N1,800 now goes for N3,500, just as a big keg which formerly sold for N6, 500, now stands at N10, 500.
At the aforementioned markets, a 20- litre keg of palm oil that sold for N6, 000 is now selling for N15, 500, while a bottle which was selling at N200 before, now sells at N450.

Also a big basin of garri which had sold for N1, 500 now sells for N9,000 while one paint bucket of it which was selling for N200 now sells for N700. A five kilogram and 10 Kilogram of semovita which was selling for N1,800 and N3,000 before, now sells for N4,000 and N6,500, respectively, even as the price of a five kilogramme bail of wheat which
previously sold for N900 now goes for N1,000. A 120 kilogramme bag of beans costs N24, 500.00, up from the N22, 000 it sold for.

The rate of price increases rose to 18.3
per cent, the highest in 11 years, from 17.9 per cent in September, the National Bureau of Statistics said in a report released yesterday on its website. Prices of goods and service rose generally by 0.8 percent from the previous month.
The Consumer Price Index (CPI) which measures the rate of price increase, inflation increased by 18.3 percent (year-on-year) in October 2016, 0.48 per cent points higher from the rate recorded in September (17.9 percent).

According to National Bureau of Statistics NBS, “increases were recorded across almost all major divisions which contribute to the headline index.
Communication and Restaurants and Hotels recorded the slowest pace of growth in October, growing at 5.7 percent and 9.4 per cent year-on-year respectively.


“The Food Index”, which shows the rate of increases in food prices, “rose by 17.1 per cent (year-on-year) in October, up by 0.47 percent points from 16.6 per cent recorded in September. During the month, all major food groups which contribute to the Food sub-index increased with fruits recording the slowest pace of increase at 11.5 percent.

“Price movements recorded by the All Items less farm produce or core sub-index rose by 18.1 per cent (year-on-year) in October, up by 0.4 per cent points from rates recorded in September, 17.7 percent. During the month, the highest increases were seen in housing, water, electricity, gas and other fuels as well as, fuels and lubricants for personal transport equipment and education.

“Significant price movement under the core sub-index was also recorded for clothing and footwear, which recorded an increase of 17.8 percent year on year. The groups with least growth pace recorded in October were Communication 5.7 percent, restaurants and hotels (9.4 percent) and recreation and culture (10.3 percent). On a month-on-month basis, the headline index rose by 0.83 percent in October, higher from the rate recorded in September (0.81 percent).

“The Urban index rose by 19.9 percent (year-on-year) in October from 19.5 percent recorded in September, and the Rural index increased by 16.95 percent in October from 16.4 percent in September. On month-on-month basis, the urban index rose by 0.81 percent in October from 0.79 percent recorded in September, while the rural index rose by 0.84 percent in October from 0.83 percent in September. The percentage change in the average composite CPI for the twelve-month period ending in October 2016 over the average of the CPI for the previous twelve-month period was 14.2 percent, higher from 13.5 percent recorded in September. The corresponding twelve-month year-on-year average percentage change for the urban index increased from 14.4 percent in September to 15.3 percent in October, while the corresponding rural index also increased from 12.6 percent in September to 13.3 percent in October. The

Composite Food Index rose by 17.1 percent in October 2016. The rise in the index was caused by increase in prices of bread and cereal, fish, and meat.

On a month-on-month basis, the Food sub-index increase by 0.86 percent in October from 0.81 percent recorded in September. The average annual rate of change of the Food sub-index for the twelve-month period ending in October 2016 over the previous twelve-month average was 13.82 percent, 0.58 percent points from the average annual rate of change recorded in September 13.24 percent”.

onatisi:
Immediately the girls were released ,boko haram became deadlier and the dullard plus his fellow fools keep telling Nigerians that no money or boko haram commanders were used as exchange!!!
I have said it that this will be the worst government in the history of Nigeria ,ppl didn't believe me then

edoyad:
El Rufai , El Rufai , El Rufai

https://www.youtube.com/watch?v=7Ngk_ZBKM-A

Allsouls:
And some people are trying to deceive them self's and not Igbo's by igbo president, so that they will frustrate the person with herdsmen and bokoharam like Jonathan.

How many Fulani's was arrested for agatu massacre or are they ghost.

It pains that people always leave the source of the problem and beat about the bush even when you tells them the truth they will rather believe the lies because is what they want to hear.

jesse8048:
And the killing and sacking continues. Human lives are now worthless to my country men.

dunkem21:
Please think before you comment..

Thank you.

Ganiyat72:
^^^
It is pathetic and sad that this thing was once a moderator in this forum. It is quite obviours that most of the mods in this site are brain dead and hence deserved a room at yaba left.

:
One of Alhaji Aliko Dangote’s firms is currently downsizing her workforce.
No thanks to the biting economic recession.

Some employees at Dansa Foods Nig. Ltd, located off Lagos-Badagry expressway, has revealed that they are yet to be paid salaries.

The employees has lamented the inability of the company’s management to pay them for the past six months.

The company which produces Dansa juice and other goods has reportedly laid off more than half of the workforce.

Company sources have cited dwindling sales and high cost of production caused by high exchangerate of the Naira.

The company has suspended the production of Dansa juice and other products.
One employee reported that “We are only producing Mowa bottle water now.
“We are being owed six months. The company has refused to pay us so we are embarking on strike,” the worker added.

But the workers are not taking it kindly with the management of the company and have insisted that they must get their six months unpaid salaries.

To this end, the workers have embarked on strike to press home their demand. One of the workers who did not want his name mentioned said he and his colleagues decided to go on strike to force the management to pay their salaries.

Efforts to speak with the management of the company proved unsuccessful as one of the managers refused to pick his phone calls.

Bloomberg in its latest Billionaire Index reports revealed that Africa’s richest man, Aliko Dangote, lost $5.4 billion in his fortune this year.
The loss was occasioned by the massive fall of the Naira as the Central Bank of Nigeria rations the dollar to stem huge capital outflow in the wake of Nigeria’s worst economic crisis.

https://vanguardnigeria.org/dangote-unable-pay-workers-salaries/

newguy1:
I hate say. Dis but wailers stop wailing n state give productive or meaning solutions. We the bencher are tired of both wailers n buhariate.#Give us a better naija#

mrvitalis:
As far as the people being prosecuted are corrupt. . Who cares if he is partial or not.. . As far as no innocent person is victimised

Yes Buhari is only fighting corruption in people outside APC ... but the truth is he is fighting corruption atleast if all the corrupt people outside APC are jailed we would have less corrupt persons

This man has no shame at all

richidinho:
Sorry, you are the one that has no shame

eboigbe22:
anything wey go bring kworupt judges to order, is welcomed

EMMAUGOH:
SERIOUSLY TODAY THAT GUY LOST EVERY RESPECT I HAVE FOR HIM...

HungerBAD:
Very interesting.

The DSS will not move against these Judge's,if there are no proof of them collecting bribes.

These are Judges,and not ordinary Nigerians. So for the Security men to publicly move against them this way,would show they have gathered tangible evidences.

The Judiciary is the most protected Arm of any Government,and I hope to God the DSS are sure of what they are doing.

If these Judges have been compromised,then the National Judicial Council should not only Debar them,but they should be jailed for a long time for bringing the legal system to a disrepute.

I stand with the fight against corrupt Judges.

Aufbauh:
And as usual the ekpas are masturbating on this thread with their low analytical skills & hypocritical mindset.

You've not heard from the second party, the SGF office and you've concluded with those acclaimed corrupt representatives who are on the look to drag the executives into their toga stream.

where did the wailers kept their media persecution and propaganda narrative?

yaki84:
badt guyz. See reply na.

cbrass:
So if I steal money and we spend it together when you your self knows that the money was stolen, what does that make you?

mrvitalis:
Sir if u had paid back ur 11bn the bank could use it to give 2200 people loan of 5 Million each and they inturn can employ 10 people each.. So u my friend used moneu that could have created job for 22,000 people to create job for 500 people and u still have the mouth to talk...

Bro i are a hypocrit..

The question is who earns 18,000

How much will a government worker with ssce earn

If u are 30 without skills and earning 18000 who should u blame? ?

Enough of all this. . Some people who complain have staffs they pay less than 18k and yet dont even pay them regularly... Hypocrisy is Nigerian greatest problem

omojoshy:
Let it fall to 1000/1dollar. Na una sabi. We want it that Way. Those who carried their children abroad should as well relocate there. We don't need any import. Let's sit here and create all that we need, and shelve appetite for foreign goods. If Nigeria is not OK for you, leave through the closest border.

I don't understand why people will take their pregnancy and go and give birth to their children abroad. ITS SICKENING. Wastefull. When we have doctors here. Millions are born here daily. Let me see if they will not sleep with their wife again when dollar gets to N1000.

mrvitalis:
That I finished school in 2014

mrvitalis:
I dare u to show prove of that or for ever remain dumb