₦airaland Forum

this are the kind of words a leader that is not desperate for power speaks, and when we look at it critically its a message of hope to our lose faith on the electoral Process of our country..and a clear message of the president body language on how the 2019 general election will go....free and fair ..

Like i have always said before ,,ability for APC to show internal democracy in their affairs will go a long way to determine the 2019 general election as the ruling party can not stand divided in the general elections...

Cant wait for this to come to pass..how can a nation like Nigeria dont have a national carrier, its really embarrassing , and am suprise that people are so blind by ethnicity that they can not see the good forth-sight of such news...pitiable the same party they are all rooting for right now held sway for 16 years and could not revive the Nigeria Airways..

three:
Depends on where you're going

So you not going where we Nigerians are going to....

ABUJA—THE Presidency said, Thursday, that the nation’s economy was on the right track with steady growth under the present administration
Special Adviser to the President on Media and Publicity, Mr Femi Adesina, in a statement in Abuja, said though the opposition elements might not see the positive growth in the economy, the report of the National Bureau of Statistics, NBS, was the evidence that the economy was in safe hands under President Muhammadu Buhari’s government. He said: “Some people have made it a pastime to talk as if there is no silver lining in the sky as far as the Nigerian economy is concerned. They carry on as if it is doom and gloom all the way, a thoroughfare of woes. This they do, to hoodwink the public and, peradventure, gain political advantage for themselves or their principals.

But facts are stubborn things. Those arrayed against facts may abhor and deride them, but there they are, staring them starkly in the face. Here are some current facts about the Nigerian economy, which naysayers may not be able to do anything about: “According to the National Bureau of Statistics, NBS, the economy has recovered from the slow-down and eventual recession, which started in 2014. There has been improvement with stronger growth for three successive quarters. From contracting by 0.91 per cent in Q1 2017, the economy has grown by 0.72 per cent in Q2 2017, to 1.17 per cent in Q3 2017, and 2.11 per cent in Q4 2017. “The Q1 2018 GDP shows that the economy has recorded a GDP growth of 1.95 per cent, compared to a contraction of 0.91 per cent in Q1 2017. “The growth is driven by agriculture and industry, which shows that finally, after more than 50 years of lip service, the Nigerian economy is on the road to diversification. The oil sector’s contribution to GDP is 9.61 per cent, while non-oil sector’s share is 90.39 per cent. “One of the factors responsible for the positive performance of the economy in Q1 2018 was the spending of about N1.5 trillion on infrastructure projects in 2017. “For the past 15 months, inflation has declined consistently from 18.72 per cent to 12.48 per cent. The country is steadily on the road to single digit inflation rate. “The first quarter of 2018 saw a continuous growth in total capital importation into the country, the fourth consecutive quarterly increase since Q2 2017. The total value of capital imported is $6,303.63 million, a 17.11 per cent growth over the figure reported in the previous quarter. “Foreign reserves stand at $47.79 billion, compared to $29.6billion inherited in May 2015, after about six years boom in oil prices in the international market. The increase came at a time of modest oil prices, showing transparency and accountability by government.” “Nigeria’s Stock Market ended 2017 as one of the best-performing in the world, with returns of about 40 percent. “Tax revenue increased to N1.17 trillion, in Q1 2018, a 51% increase on the Q1 2017 figure. “Milled rice production has increased from 2.5MT to 4MT, and rice imports have dropped from 580,000MT in 2015 to 58,000MT in 2016. Millions of dollars have been saved.” he said According to him, those are just little among the good things happening to the Nigerian economy. He said that only the willfully blind would not see it, noting that would not stop the good work. On exiting recession last year, he said President Muhammadu Buhari had said he would not consider the job done, until the ordinary man feels the impact of the rebounding economy on his life and pocket. “We are inexorably on that road, no matter what scoffers may say.” he stated.

Read more at: https://www.vanguardngr.com/2018/05/nigerias-economy-right-track-presidency/

Olalekan Adetayo, Abuja

The Head of the Civil Service of the Federation, Mrs. Winifred Oyo-Ita, on Wednesday announced plan to ensure that the nation’s civil service was efficient, productive, incorruptible and citizen-centred.

Oyo-Ita unfolded the strategy at a sensitisation workshop on the 2017-2020 Federal Civil Service Strategy and Implementation Plan organised for civil servants in the directorate level in Abuja.

Oyo-Ita said the strategy, which has been approved by the Federal Executive Council, had eight priority areas selected based on their potential for impact in the short-term and their relevance to the ERGP implementation roles.

She identified salary review as the first step towards enhancing civil servants’ values.

“We need to launch a salary review of the civil service as a first step to enhance the value proposition of civil servants.

“I am for salary review. We must increase salary. I am not saying this as a union leader but because I am aware of what workers go through,” she said.

She said the plan would also seek to re-design three core-training modules, including Leadership Enhancement and Development Programme as a top talent programme and identify a ‘LEAD-P Presidential Cohort’ to cultivate as next generation of leaders in service.

According to her, the plan will also launch a strategic sourcing of identified skills to bring in external talent at senior levels to drive high-level impact; institutionalise performance management by finalising the performance management system, piloting tools and introducing non-monetary recognition; drive innovation in service by establishing public service innovation unit within the OHCSF and launching an innovation challenge towards reducing cost of governance and increasing revenue generation.

Others, she said, included the launch of an EPIC culture transformation of the civil service; accelerate roll-out of the full implementation of Integrated Personnel and Pay Roll Information System Human Resource module, and the establishment of an enterprise content management solution to digitise content.



By 2020, Oyo-Ita said the plan was expected to have delivered outcomes that include N60n-120bn savings from cleaning HR data on IPPIS; N2.5bn annual savings from digitising content; 25,000 civil servants trained through revamped core modules; and 200 future leaders cultivated through LEAD-P, among others.

She added, “The implementation of this strategy will not succeed without the support of the directorate level officers who are critical stakeholders in the service.

“It is evident that stakeholders’ buy-in and ownership by the top management staff is crucial for successful delivery of the strategy.

“You are, therefore, expected to assume the responsibility of ensuring that the medium and junior level officers are carried along in the implementation of the strategy.”

She described online records update as a key requirement for the implementation of the HR module of IPPIS, saying it must be completed by every employee of the Federal Government to maintain their records on the IPPIS platform.

“The future of the Nigerian civil service is in our hands. It is therefore imperative for us to work collectively towards making the service function better in order to guarantee a sustainable socio-economic development of Nigeria,” she said.

Copyright PUNCH.
http://punchng.com/hos-plans-salary-increase-others-to-boost-civil-service/

StaffofOrayan:
Check out Trumps achievements in such a short time
That is a man that is delivering his campaign promise
Mention ONE campaign promise Buhari has delivered

[color=#000099][/col

Normally, the US and Nigeria IS not comparable..but since you want to know... let me list the ones i know of...

SIP programmes.
Custom remitting over a trillion naira.
implementation of TSA ....

“It is sad that this administration cannot point to any major project initiated, started and completed in the three years they have been in power except the Daura helipad.[color=#006600][/color]

So every administration should come and start its own project and stop an existing project ...HABA Mr Common sense revolution, you pass this level of myopic reasoning....

Edu3Again:
They refused he should go for treatment , Becos he is igbo.

You hate us igbos with a passion, yet you dare to come and canvass for our votes!

Let us go in peace u refuse!

Before anybody says its Becos of the war,
Watch their leader openly say they dislike igbos before the war.



https://www.youtube.com/watch?v=_WSosECbcmM

Oga stop seeing everything as an ethnic fight...Is Dasuki Igbo?

By Ikechukwu Nnochiri ABUJA – Justice Okon Abang of the Federal High Court in Abuja has granted leave to the Economic and Financial Crimes Commission, EFCC, to try the embattled former National Publicity Secretary of the Peoples Democratic Party, PDP, Chief Olisa Metuh, in absentia. METUH The court said it was satisfied that Metuh has jumped bail, saying there was no reasonable explanation to justify his absence for continuation of trial. Justice Abang agreed with EFCC that Metuh had on Monday, engaged in gross misconduct when he disobediently attempted to enter the dock after the court had permitted him to remain where he was initially seated.
He noted that Metuh subsequently fell down on his own and disrupted proceedings by whispering loundly in the open court and groaning intermittently, “giving the impression that he was in serious pain”. “The 1st defendant has no right to hold this court to ransom by doing things or taking steps deliberately intended to scuttle his trial. “The 1st defendant has repeatedly made the court of law look like an accident scene. This conduct should not be allowed in the temple of justice”, Justice Abang held. He said Metuh had since April 2016 when EFCC closed its case, repeatedly “erected several road blocks aimed at frustrating this trial”. “In a bid to dismantle those road blocks, the court was accused of being biased and conducting unfair trial. However, this court will stand its ground and always do what is right”, Justice Abang added. He said Metuh “ignored a humane disposition of the court” by insisting on entering the dock, saying his action amounted to gross misconduct and wilful disobedience to the authority of the court. While invoking the provision of section 266 of the Administration of Criminal Justice Act, 2015, Justice Abang said: “I do not think that further hearing of this case in the absence of 1st defendant will in any way affect his right to fair hearing under section 36 of the 1999 Constitution”. Before adjourning the case till Thursday for continuation of the trial in Metuh’s absence, Justice Abang summoned the General Manager of Channels TV and the anchor of Sunrise Today, Maukpe Ogun Yusuf, to appear before him on Friday to show cause why an order should not be made to compel them to produce an unedited video recording of May 22 edition of the program where prejudicial comments were made concerning the court proceeding. Metuh is answering to a seven-count charge alongside his firm, Destra Investment Ltd. EFCC alleged that he received N400million from the Office of the National Security Adviser, ONSA, prior to the 2015 presidential election, without executing any contract. More details later.

Read more at: https://www.vanguardngr.com/2018/05/breaking-court-grants-efccs-request-try-metuh-absentia/

Read more at: https://www.vanguardngr.com/2018/05/breaking-court-grants-efccs-request-try-metuh-absentia/

Ratello:
The Mumu government of Buhari ought to have sealed this deal since 2015 but rather let it lie fallow only to wake up now that election is drawing nearer in order to score some cheap points but now this is too late. I think the strengthening of the Naira aspect and not making Nogeria a dumping ground for unnecessary Chinese goods should be applauded but the big question is, with a weak economy that still consumes more than what it produces and also with a very low output in capital projects I don't see how Nigeria will still not be a dumping ground under this crises-ridden government of mumuhary. Yeye thing

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Stop being a hater bro..and applaud the Government for this policy!!!!

FFK always looking for relevance....with his stomach infrastructure kind of politics.....

By Soni Daniel
Sokoto: The Economic and Financial Crimes Commission has arraigned a former Minister of Water Resources Mukhtar Shehu Shagari alongside four others before Justice Idrissa Kolo of the Federal High Court Sokoto on a five-count charge of Conspiracy and Money Laundering to the tune of N500 million. Charged along with the former minister are Senator Abdullahi Mohammmed Wali, Ibrahim Gidado, Nasiru Dalhatu Bafarawa and Ibrahim Milgoma. Trouble started for the defendants after EFCC got information that the accused person received various sums from the $115m allegedly disbursed by a former Minister of Petroleum Resources, Deizani Allison Madueke to senior members of the Peoples Democratic Party and officials of the Independent National Electoral Commission, INEC, to influence the outcome of the 2015 presidential election. According to the anti-graft agency, the defendants allegedly benefited from the slush cash which was not distributed through any financial institution in flagrant violation of provisions of the Money Laundering Prohibition Act. One of the charges preferred against Shagari reads, “You Mukhtar Shehu Shagari, Ibrahim Gidado and Ibrahim Milgoma sometime in March 2015, within the justification of this honourable court did conspire among yourselves to receive cash payment of the sum of N500 million from one Abdulrahaman Ibrahim without transacting through a financial institution and thereby committed an offence contrary to Section 18(a) of the Money Laundering Prohibition Act, 2011 as amended and punishable under section 16(2) of the same Act”. All the defendants however pleaded not guilty to the charge when it was read to them. Prosecution counsel Johnson Ojogbane requested a date for trial in view of the plea of the defendants and also asked that the defendants be remanded in prison custody. Counsel representing the 1st,3rd and 4th defendants, Ibrahim Abdulaziz, as well as counsel for the 2nd and 5th defendants Ibrahim Idris, and L.A Abdulkadir, respectively applied for bail of their clients pending the determination of the case. Responding, Ojogbane confirmed that he was served with the various bail applications by the applicants but also reminded the court that he was only served yesterday (May 21 ) and therefore needed time to respond. Justice Idrissa after listening to the arguments exchanged between the parties remanded the defendants in police custody till Thursday, 24th May, 2018 for the hearing and determination of bail.

Read more at: https://www.vanguardngr.com/2018/05/shagari-4-others-remanded-police-custody-n23-b-diezani-poll-bribe-cash/

God bless Nigeria!!!!
God bless NAF!!!
God bless NA!!!!!
God bless NN!!!
let haters continue to hate unnecessarily..because they can sleep with there two eyes close in thier house due to effort of the military they so much hate with disdain......

No fewer than 15,000 Youth Service Corps (NYSC) members will participate in the forthcoming July 14 governorship election in Ekiti State.
The Independent National Electoral Commission (INEC) National Commissioner, Prince Adedeji Soyebi, disclosed this on Monday while featuring on Ekiti State Television (EKTV) programme, Daybreak Nigeria, monitored by newsmen.

Soyebi explained that the deployment of the corps members was one of the measures to ensure fairness to all parties and the credibility of the exercise.
He also stressed that the electoral agency was collaborating with security agencies to ensure safety of officials, voters and electoral materials to be used for the poll.

The INEC chief assured political parties and voters that the electoral umpire would be fair to all parties and would deliver an election in line with global best electoral practices.
He urged political parties taking part in the poll to submit the list of their agents in line with the time allowed by law.

Any party that fails to submit the names of its agents on time, according to him, would lose the privilege of being represented at the poll.

Speaking on possibility of electronic voting in Nigeria, Soyebi said,”We are not definitely going to have it 2019 but we will get there very soon.”

Responding to a question, Soyebi said it was possible to conduct all elections in a single day rather than having a staggered process for general elections.
His words, “It is doable but we need to increase our level of voter education and awareness. We can have different colours of ballot papers for each of the election. “It will save the country of lots of expenses, time, money and manpower.
“
It is the law that determines the sequence of elections and not INEC.”
for more https://www.today.ng/news/politics/ekiti-guber-inec-engage-15000-corps-members-poll-116294

Trexnemesis:
Lies full everywhere! Show the pictures and identity of those captured.
Adonbivit!

Now all of u are saying u dont believe it...how will the personnels moral be boasted if the populace they are fighting for refuse to believe them...

vorigan:
Election season is upon us, suddenly the army is now killing herdsmen! But my worry is the codeine and Tramadol taking Buhari supporters who have been w$#nking on social media saying 'Benue People' are killing themselves, seems the army didn't get that script else they who have said "Troops kill 36 Benue Militia"

lalasticlala

The army just started a full scale operation code name whirl stroke in that region..definitely you will hear of such killings and destruction of armed herdsmen....

and we should know that there is a different between an army operation and an army exercise...

up Eagles....we winning this with 2 goals to one...

The January 15 1966 Military coup detat

make them take em easy oh.....

gradually we are getting there....

By Modupe Gbadeyanka

The National Bureau of Statistics (NBS) has disclosed that Nigeria recorded 1.95 percent year-on-year growth in her Gross Domestic Product (GDP) in the first quarter of 2018.

According to the data released by the stats office on Monday may 21st, the Q1 2018 figure showed a stronger growth when compared with the first quarter of 2017 which recorded a growth of -0.91 percent, indicating an increase of 2.87 percent points.

However, when compared quarter-on-quarter, the nation’s GDP decline by 0.16 percent points from 2.11 percent recorded in Q4 2017.
The NBS said quarter-on-quarter, the real GDP growth was -13.40 percent.
In its report today, the stats office said in Q1 2018, the aggregate GDP stood at N28,464,322.01 million in nominal terms.

This performance is higher when compared to the first quarter of 2017 which recorded a nominal GDP aggregate of N26,028,356.03 million thus, presenting a positive year-on-year nominal growth rate of 9.36 percent.
“This rate of growth is however lower relative to growth recorded in Q1 2017 by -7.70 percent points at 17.06 percent but higher than the preceding quarter by 2.14 percent points at 7.22 percent,” the report said, It was disclosed that in the period under review, the nation recorded an average daily oil production of 2.0 million barrels per day (mbpd), higher than the daily average production recorded in the fourth quarter of 2017 by 0.05 mbpd.
Furthermore, real growth of the oil sector was 14.77 percent year-on-year in Q1 2018, representing an increase of 30.37 percent points relative to rate recorded in the corresponding quarter of 2017. Quarter-on-Quarter, the oil sector grew by 13.24 percent in Q1 2018 with the sector contributing 9.61 percent to total real GDP in Q1 2018, up from 8.53 percent and 7.35 percent recorded in the Q1 2017 and Q4 2017, respectively.

The NBS also said the non-oil sector grew by 0.76 percent in real terms during the reference quarter, higher by 0.04 percent point compared with the rate recorded same quarter of 2017 and 0.70 percent point lower than the fourth quarter of 2017.
This sector was driven mainly by Agriculture (Crop production); other drivers were financial institutions and insurance, Manufacturing, Transportation and Storage and Information and Communication.TO give clearer depiction the bureau said the Nigeria economy has been classified broadly into the oil and non oil sectors. In real terms, the Non-Oil sector contributed 90.39 percent to the nation’s GDP, lower than 91.47 percent recorded in the first quarter of 2017 and 92.65 percent recorded in the fourth quarter of 2017. and its imperative to point out that the Nigerian economy rallied back into growth after suffering contraction for five consecutive quarters, with the results of NBS showing that the economy grew at 0.55 percent in the second quarters(Q2) of 2017, Effectively removing Nigeria out of recession..we recalled that the world most populous black nation,officially exited recession on Tuesday September 5th 2017....

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eagleeye2:
APC, campaign slogan was CHANGE. Not, BLAME.
Go and figure it out.

And change is a gradual process, and not something achievable in three years(3)..stop hating!!!!

SalamRushdie:
Buhari has spent more in 3 years than the PDP spent in 10 years so this wrong analysis of Buhari lacking funds does not hold water

Oga stop lying....bring your facts to the table not just say what u dont know....

LadyExcellency:
Sharrap there. Where did you get your information from? Nothing related to 2014.

Definitely not from the publication.

read for your self ....


The report was prepared by KPMG, and audited 18 Agencies including NNPC, FIRS, Nigeria Customs Services (NCS), NIMASA, NPA, NCC, CBN, DPR, NPDC and many others. The report covered period January 2010 to June 2015. http://shipsandports.com.ng/fg-committee-indicts-npa-customs-nimasa-fund-remittance/

Next time quote me with facts not shambles....

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bjayx:
Underground corruption

Been uncovered right? Before this Government all this revenue generation agencies of government have not been remitting the required amount of money to Government, Hence the need for such drastic measures..

[color=#006600][/color]

Paperwhite:
So the TSA have been useless as long as remittance of revenue into government coffers is concerned Still affirming that the level of ongoing corruption in this APC government is monumental.

You not be sincere with yourself saying TSA has been useless all along..this remittances are not just for the duration of APC government, but PDP government inclusive..infact majority of the remittances are during the last administration...

Eighteen Federal Government’s revenue generating agencies failed to remit N526bn and $21bn into the Federation Account between 2010 and June 2015, an audit commissioned by the National Economic Council has revealed.*****



NNPC, NPA, FIRS, others failed to remit N526bn, $21bn –NEC [ audit firm, KPMG ]

Olalekan Adetayo, Abuja

Eighteen Federal Government’s revenue generating agencies failed to remit N526bn and $21bn into the Federation Account between 2010 and June 2015, an audit commissioned by the National Economic Council has revealed.

The Minister of Finance, Kemi Adeosun, has therefore recommended that the affected agencies be made to refund the money.

Gombe State Governor, Ibrahim Dankwambo, disclosed this to State House correspondents at the end of a meeting of the NEC presided over by Vice-President Yemi Osinbajo at the Presidential Villa, Abuja on Wednesday.

The council chaired by the Vice-President has all state governors, Governor of the Central Bank of Nigeria and relevant ministers as members.

Dankwambo explained that the shortchanging by the agencies was detected by an audit firm, KPMG, which was contracted by the NEC to carry out a forensic audit of revenue remittances to the Federation Accounts by the NEC.

The governor listed the government agencies indicted of underpayment by the audit report to include the Nigerian National Petroleum Corporation, Federal Inland Revenue Service, Nigeria Customs Service, Nigerian Ports Authority, Nigerian Maritime Administration and Safety Agency and the Nigerian Communications Commission.

Others are the Central Bank of Nigeria, the Department of Petroleum Resources and the Nigerian Petroleum Development Company, among others.

Apart from refunding the money, Dankwambo said a sub-committee would be set up to look into the details of the infringement.

He said those found to be criminal in nature would be handed over to the Attorney General of the Federation for action.

The governor said, “KPMG presented the report of the technical audit of RGAs, concluding that a total sum of N526bn and $21 bn was underpaid to the Federation Account.

“NEC’s Ad-hoc Committee which I head with members including governors of Edo, Kaduna, Akwa Ibom, Lagos states and the finance minister recommended refund of the amounts underpaid.

“Council adopted the presentations and reports of the KPMG and the recommendations of its Ad-hoc Committee including a resolution to identify instances where there appears to have been criminal infringements and forward such to the Attorney General of the Federation and the Legal Committee of the National Economic Council for further action.

“Council resolved to pursue the strengthening of the NNPC’s governance structure to prevent further recurrence of such gross underpayment by the NNPC and other RGAs.”

The governor said it was resolved that the audit period be extended to June 2017.

“One of the resolutions of NEC is to extend the audit to June 2017. So the audit will continue for the remaining agencies.

“It is NNOC, NPDC, DPR, Customs, Federal Internal Revenue Services, NPA, Maritime Authorities, all the revenue generating agencies and the details of the infringement are contained in the report. It is a voluminous report; there are a lot of items that are there.

“The most important decision that was taken is that a sub-committee will be set up which will be an arm of the legal committee of NEC that will look into the details of these kinds of infringements and make sure that those issues that are criminal and require prosecution will be handled by the office of the Attorney General of the Federation.”

Zamfara State Governor, Abdulaziz Yari, said the issue of whether states should henceforth determine how much is paid as fuel subsidy and not NNPC came up at the meeting.

He, however, said a final decision on the matter would be taken at the next meeting.

He said, “We are doing the nitty-gritty with the NNPC in terms of remittances. Don’t forget that the reason we got it right in 2016 on the NNPC side was that the oil prices were too low. It was easy for everyone to get fuel into the country and then make their profit.

“So, when the price started jacking up, then marketers started adjusting back because they needed to have a template of cost recovery and how they are going to make up the difference from the pump price to the landing cost of what they are importing.

“Our problem is the volume, the quantity of consumption which is not acceptable. Working with the governors, so many decisions were taken but by next month, we are going to adopt that position either for the governors to take responsibility for the subsidy in their states based on the consumption or we look at other ways.

“For instance, if you say we paid N800bn subsidy, you will ask who are we paying the subsidy to? And if you look at the infrastructure development and capital programme of the Federal Government, it is about N1.1trn, almost 70 per cent of what you are spending on developing the economy.

“If there is no infrastructure development, then you cannot talk about the development of the economy. N800bn is a huge amount that we must look at it, who is benefiting from it.

“So, we are coming up with a strategy; we are going to meet in the months of May and June. By next meeting, we will definitely come up with a position of the government at both the level of volume of what is being brought into the country and what the state and federal governments collaborate to check.”

Adeosun reported to the council that the balance in the Excess Crude Account as of May 14, 2018, stood at $1, 830, 682, 945.30.

She also reported to Council that the current balance in the Stabilisation Account as of the same day stood at N15, 725,456,963.83.

She put the balance in the Natural Resources Development Fund at N116, 104,644,763.39.

The Minister of Budget and National Planning, Udo Udoma, gave an update to council on the just-concluded Economic Recovery Growth Plan Focus Labs.

Udoma told members that the Labs identified 164 projects spread across the six geopolitical zones of the country.

He said the outcome indicated that over 500,000 jobs were likely to be created by 2020 and that more labs would be conducted in due course for other sectors.

http://punchng.com/nnpc-npa-firs-others-failed-to-remit-n526bn-21bn-nec/

mrdashing10:
He's a member of PDP, that's why he's corrupt
Clueless government, Sentimental EFCC

[color=#006600][/color]
Be it any party what is bad is bad...we should just frown at corruption in all ramification...

Government take proactive measures to curb arm bandit, kidnapping, terrorism and other violent criminal activities around Taraba state and it's environs...
https://harobedtales..com/2018/05/something-new.html

� *NJ1*: *Inflation dropped to 12.48% in April –NBS*

The National Bureau of Statistics on Tuesday released the Consumer Price Index which measures inflation, with the index dropping from 13.34 per cent in March to 12.48 per cent in April. The bureau said this in the CPI report, made available to our correspondent in Abuja. The bureau, in the report, said this was the 15th consecutive months that the inflation rate would be experiencing continuous decline.

The report reads in part, “The Consumer Price Index which measures inflation increased by 12.48 per cent (year-on-year) in April 2018. “This is 0.86 per cent points less than the rate recorded in March 2018 (13.34) per cent and represents the fifteenth consecutive disinflation since January 2017.

“On a month-on-month basis, the Headline index increased by 0.83 per cent in April 2018, up by 0.01 per cent points from the rate recorded in March.”

To read full article -
http://punchng.com/inflation-dropped-to-12-48-in-april-nbs/