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JUST IN: Nigeria’s Inflation Hits 33.69%

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Nigeria’s headline inflation rate has increased to 33.69 per cent in April 2024 up from 33.20 per cent recorded in March 2024, the National Bureau of Statistics has said.

This represents a month-over-month increase of 0.49 per cent points in the headline inflation rate, according to the Consumer Price Index report, the NBS stated in a report on Wednesday.

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Comparing year-on-year data, the inflation rate in April 2024 was 11.47 percentage points higher than in April 2023, where it stood at 22.22 per cent. This indicates that the headline inflation rate has risen significantly over the past year.

READ ALSO: JUST IN: Nigeria’s Inflation Hit 31.70% In February – NBS

Additionally, on a month-to-month basis, the inflation rate for April 2024 was 2.29 per cent, which is 0.73 per cent lower than the 3.02 per cent recorded in March 2024. This suggests that the rate at which prices increased in April 2024 was slower than the rate in March 2024.

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The report read, “In April 2024, the headline inflation rate increased to 33.69% relative to the March 2024 headline inflation rate which was 33.20 per cent. Looking at the movement, the April 2024 headline inflation rate showed an increase of 0.49% points when compared to the March 2024 headline inflation rate.

“On a year-on-year basis, the headline inflation rate was 11.47 per cent points higher compared to the rate recorded in April 2023, which was 22.22 per cent. This shows that the headline inflation rate (year-on-year basis) increased in April 2024 when compared to the same month in the preceding year (i.e., April 2023).

READ ALSO: Approach Zimbabwe For Solution To Inflation, Obasanjo Tells FG

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“Furthermore, on a month-on-month basis, the headline inflation rate in April 2024 was 2.29 per cent, which was 0.73 per cent lower than the rate recorded in March 2024 (3.02 per cent). This means that in April 2024, the rate of increase in the average price level is less than the rate of increase in the average price level in March 2024.”

Food inflation however reduced by 1.11 per cent caused by a fall in the rate of increase in the average prices of basic food commodities.

On a month-on-month basis, the Food inflation rate in April 2024 was 2.50% which shows a 1.11 per cent decrease compared to the rate recorded in March 2024 (3.62 per cent). The fall in Food inflation on a Month-on-Month basis was caused by a fall in the rate of increase in the average prices.”

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DSS Issues Warning, Arrests Man For Circulating Fake Recruitment Materials

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The Department of State Services (DSS) has disclosed the arrest of one Mr. Eze Ezenwa Benard, who was recently apprehended for circulating fake DSS recruitment past questions and answers on Facebook.

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The agency, while warning the public in a statement on Saturday, said the suspect operated through a page known as “Jobs and Education”, where he advertised the fraudulent materials and charged unsuspecting members of the public one thousand naira (N1,000) for access.

The public is hereby cautioned to disregard any materials, as the DSS does not sell or distribute recruitment questions, answers, or examination guides through private individuals or social media pages. Recruitment into the Service, when necessary, follows specialised procedure in accordance with extant laws and due process,” the statement reads.

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Continuing, DSS said Ezenwa’s arrest underscores the Service’s determination to safeguard Nigerians from the fraudulent schemes of unpatriotic elements. “Citizens are therefore encouraged to remain vigilant, verify information from official sources and report suspicious recruitment adverts or individuals attempting to extort money under false pretense.”

The agency assured that it will continue to protect the integrity of its recruitment process while ensuring that perpetrators of fraud face the full weight of the law.

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‘Na Only People You Gave Work Love You,’ Singer Speed Darlington Tells Tinubu

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Singer Speed Darlington has told President Bola Tinubu that public admiration cannot be bought, warning that only those who received appointments or jobs from the government truly support him.

In a video posted on Saturday, August 23, the singer said, “Everything isn’t about the economy! There is more to leadership than the economy. See as everybody dey call your name, dey complain. Nobody loves you. Na only the ones you gave work, na them love you. Even your own tribe dey complain about you.”

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READ ALSO:Before You Leave Office, Reform The Police — Speed Darlington Urges Tinubu

Darlington, an Igbo man, urged Tinubu to focus on police reform and respect for human rights. “The Nigerian police is an oppressive agency rooted in human rights violation. As a matter of fact, if they do not violate you, it’s as if they are not even doing their job.

“The idea of arrest before investigation is a pure human rights violation. You arrest and hold a person before you dey investigate. Please, before you leave office, please speak to your Yoruba brother IGP man,” he added.

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Before You Leave Office, Reform The Police — Speed Darlington Urges Tinubu

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Popular controversial singer Speed Darlington has called on President Bola Tinubu to reform the Nigerian Police Force, urging the government to prioritise citizens’ rights alongside economic growth.

In a video posted on Saturday, the entertainer criticised what he described as the police’s systemic human rights violations and oppressive practices.

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Mr President, before you leave office, whether you secure a second term or not, try your best to improve Nigeria. Everything isn’t about the economy!

“There is more to leadership than the economy. See as everybody dey call your name, dey complain. Nobody loves you. Na only the ones you gave work, na them love you. Even your own tribe dey complain about you,” he said.

READ ALSO:Obi Blames Tinubu For 70% Investment Crash

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The singer, who identifies as Igbo, urged Tinubu to engage with the Inspector-General of Police and implement reforms.

As an Igbo man, the advice I can give you so people will know your name and remember you for something good is to reform the police. Reform the police.

“The Nigerian police is an oppressive agency rooted in human rights violation. As a matter of fact, if they do not violate you, it’s as if they are not even doing their job.

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“The idea of arrest before investigation is a pure human rights violation. You arrest and hold a person before you dey investigate,” he added.

READ ALSO:Tinubu Subsidises Kidney Dialysis Cost By 76% In Federal Hospitals

Darlington also recounted his personal ordeal with law enforcement, highlighting the system’s abuse of power.

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I was held for two months after the judge had ordered my release. FID held me for two months. According to my lawyer, the Nigerian law gives only 28 days for investigation.

“They held me for two months. What is the extra month for? Because they can. If you give them money, they oppress your enemy. I have experienced it,” he said.

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