₦airaland Forum

iwaeda:
Cardoso must be Mutairu

Creamcrest:
Thats true.

Gas I buy for 1300 per kg now 1150.

Nigeria’s monthly inflation rate has slowed for the third consecutive month, indicating the effectiveness of the Central Bank of Nigeria’s monetary policy tightening measures.

The CBN highlighted this in a statement shared with Journalists on Saturday.

According to the National Bureau of Statistics, the headline month-on-month inflation rate decreased to 2.14 per cent in May, down from 2.29 per cent in April and 3.02 per cent in March. Food inflation also fell for the third consecutive month to 2.28 per cent in May.

The Deputy Governor of the Economic Policy Directorate at the CBN, Muhammad Abdullahi stated, “Slowly but surely, the inflation tide is turning. We will continue to work diligently with coordinated policy measures to ensure that the worst of the inflationary cycle is behind us in the nearest future.”

The CBN’s efforts to combat inflation have been ongoing since February, and the monthly numbers indicate a positive trend. While year-on-year inflation continues to rise, the monthly rates show a slowdown in price increases for essential goods.

The CBN Governor, Olayemi Cardoso has made tackling inflation a top priority to achieve sustainable economic growth and improve the standard of living for Nigerians.

The decline in inflation rates is a nationwide trend, with 13 states, including Abuja, Akwa Ibom, and Rivers, experiencing a slowdown in year-on-year inflation in May.

Abdullahi noted that, “This development is a promising sign that the CBN’s policies are having the desired effect, and Nigerians may soon experience relief from the high cost of living that has persisted since the COVID-19 pandemic.”

babasolution:
Tell me how the igbos are marginalised?
Because they haven't become president since the fourth Republic?

They had vp in Alex ekuweme with shagari,they held head of state under ironsi,if he wasn't killed he might have held that post for a long time like Gowon.

Igbos are accommodated in every nook n cranny of Nigeria.

The igbos have held senate presidency the longest in Nigeria.

They have had powerful ministers,they have held head of military outfits.

Their businesses are patronised by governments n private citizens.

This constant cry of marginalisation of the Igbo ,what is is about?

It's totally unfounded and untrue.

They complain of FG not siting projects in their region or maintaining mainly the LAGOS seaports,is that enough reason to cry marginalisation?

What of others middlebelt states were FG never those projects in their state like kogi for example.

The Igbo needs Nigeria more than Nigeria needs them.

The war to bring them back into Nigeria was fought mainly because if the igbos had succeeded to seceed it will encourage other regions to seek seccessation too which the central government feared, not because they were particularly needed.

nairaman66:
Lagos is dirty sha. Some parts are nice, while some just an eyesore!!

NairalandForumo:
I hope we get our own prepaid meter this time free of charge

So 21 billion could solve prepaid meter issues nationwide and yet they used 21 billion to renovate Shettima's house

ekhai:
THE JUNTA HAS TESTED POWER. TO LEAVE SEAT OF POWER IS NOT EASY.