News
Why Nigerians Are Not Feeling Inflation Drop – Economists

Despite Nigeria recording its seventh consecutive month of disinflation, economists and financial analysts have raised concerns that the easing inflation trend has brought little or no relief to Nigerians and households already overwhelmed by high living costs and economic hardship.
The National Bureau of Statistics (NBS) reported that headline inflation slowed to 16.05 per cent in October 2025, down from 18.02 per cent in September, one of the strongest single-month declines this year.
Food inflation also moderated to 13.12 per cent, compared to 16.9 per cent in the previous month.
But economists and analysts insist the improved figures do not reflect the economic reality facing millions of Nigerians.
The Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, said the gains from the latest figures have not translated into real cost-of-living relief because price pressures remain elevated across essential sectors.
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“Inflationary pressures remain elevated in critical household sectors—including food, transportation, housing, utilities, education, and health—which jointly account for 84 percent of inflation,” Yusuf noted.
He attributed the limited impact of disinflation to persistent structural challenges such as high logistics costs, energy constraints, insecurity in food-producing regions and climate-related disruptions that continue to suppress supply.
According to him, “the full welfare benefits are yet to be sufficiently felt by households due to persistent structural constraints.”
Yusuf advised that deeper and sustained reforms across key sectors—supported by coordinated monetary, fiscal and structural policies—are necessary to turn statistical improvements into real economic progress.
‘NBS Inflation Figures Are Flawed’ — Former CIBN President, Okechukwu
In an interview with DAILY POST, Mazi Okechukwu Unegbu, former President of the Chartered Institute of Bankers of Nigeria (CIBN), said the October inflation report is detached from the real-life experience of Nigerians.
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Unegbu insisted the country’s true inflation rate is significantly higher than official figures suggest.
“The inflation figure by the National Bureau of Statistics is flawed because it does not reflect reality. In real terms, the country’s inflation is as high as 29 percent,” he said.
He argued that the persistent rise in the cost of food, rent, transportation, fuel, and other essentials shows that the declining inflation rate “does not make sense” to the average Nigerian.
Why Nigerians Still Feel No Relief — Oyedokun
An economist and a university don, Prof Godwin Oyedokun, said most Nigerians feel no impact from the inflation slowdown because the structural drivers of the cost-of-living crisis remain intact.
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He outlined six reasons why Nigerians are yet to feel the impact of inflation: “Prices are still rising— just more slowly- A drop in inflation does not mean prices are falling. Nigerians are still paying historically high amounts for food, transport, energy and rent.
“Incomes remain stagnant- Wages, pensions and SME earnings have failed to keep up with inflation for two years, weakening purchasing power.
“Key cost drivers remain unresolved- Exchange-rate volatility, high energy costs, logistics inefficiencies, insecurity in food belts and elevated interest rates continue to fuel price increases.
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Inflation expectations are still high- Businesses expect prices to rise further and therefore adjust prices upward in advance.
“State-to-state variations distort relief- Some states still record much higher food and transportation inflation than the national average.
“Poverty levels overshadow economic data- With high unemployment and widespread poverty, even a slowdown in inflation does little to improve household welfare.”
Prof. Oyedokun concluded that “Nigerians have yet to feel any relief because the level of prices— not just the rate of change— remains painfully high, and the structural conditions driving hardship persist.”
News
Trump’s Military Threat: ‘Poor Man Is Already A Sinner’ – Shehu Sani

Former lawmaker, Shehu Sani, has criticised United States President Donald Trump’s approach to global relations, alleging a double standard in the way he engages with different regions of the world.
In a statement posted on X on Wednesday, Sani said Trump had secured a trillion-dollar deal from Saudi Crown Prince Mohammed bin Salman and consistently defended the kingdom, while raising issues of human rights, terrorism and religious persecution only when dealing with African leaders.
According to him, no African, European or Latin American nation could offer Trump the kind of financial leverage that oil-rich Arab states provide.
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Sani’s remarks come amid Trump’s recent threat of military action in Nigeria over allegations of Christian genocide.
The former lawmaker argued that in a materially driven world, “a poor man is already a sinner,” suggesting that economic power continues to shape international attitudes and interventions.
He wrote: “Mr Trump got a deal of a trillion dollar from Bin Salman and defended everything about Saudi Arabia. No African, European or Latin American country can give him that.
“When they are talking with oil rich Arab countries, issues of human rights, executions, terrorism and religion doesn’t come up, until they meet with African leaders and start asking them where they learned ‘how to speak English’. In a material World, a poor man is already a sinner.”
News
Chief Of Army Staff, Shaibu Announces Recruitment Of 24,000 Soldiers

The Chief of Army Staff, COAS, Lieutenant General Waidi Shaibu, has announced plans to recruit and train 24,000 soldiers to boost the operational strength of the Nigerian Army amid rising security challenges.
This was made known in a post on X Wednesday by Zagazola Makama, a counter-insurgency security expert.
According to the report, Shaibu revealed the plan on Wednesday during an operational visit to the 1 Division of the Nigerian Army in Kaduna, where he addressed officers ranging from second lieutenants to lieutenant colonels.
He said the initiative is part of the Army’s strategy to enhance its readiness and expand manpower for deployments across the country.
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According to him, three new training facilities approved by President Bola Ahmed Tinubu will train 12,000 soldiers within six months, with the capacity to double the figure to 24,000 if two streams are run simultaneously.
Shaibu noted that the facilities are strategically located to produce recruits equipped with modern warfare skills, tactical knowledge, and improved weapon handling.
He said the focus is not only on increasing troop numbers but also on ensuring high-quality training.
He added that the recruits will be trained in basic tactics, combat operations, and leadership principles to strengthen the Army’s professional standards.
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The COAS reiterated the Army’s commitment to the “Soldier First” concept, promising improved welfare and support systems for both new and existing personnel. He urged senior officers to mentor incoming recruits to sustain discipline, core values, and operational excellence.
The recruitment drive is expected to significantly boost manpower, strengthen troop deployment in critical areas, and enhance the Army’s capacity to respond to threats nationwide.
During his visit, Shaibu also held discussions with officers on operational logistics, welfare initiatives, and ongoing efforts to improve the Army’s capabilities in the North West and other theatres of operation.
News
Court Jails Two Men 26 Months For N8.5b Fraud

LJustice Rahman Oshodi of Lagos Special Offences Court sitting in Ikeja has convicted and sentenced two men, Hamza Zakaria and Nurudeen Ibrahim, to 26 months’ imprisonment each for N8.56 billion fraud.
Zakaria and Ibrahim were convicted and sentenced after the court found them guilty of unauthorised access to a new generation bank’s computer systems. They were formerly arraigned on May 2, 2025, alongside other defendants, on four counts by the Economic and Financial Crimes Commission (EFCC).
Their offences bordered on conspiracy, stealing and unauthorised access to a computer system, contrary to Sections 409 and 331 of the Criminal Law of Lagos State, 2011. They had pleaded not guilty at the time.
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The defendants, however, changed their plea following the presentation of amended charges, prompting the court to convict and sentence them accordingly.
During the review of the facts, prosecution counsel, Muhammad Bashir, called a witness, Airende Monday, an operative of the EFCC, who tendered documents that were admitted as exhibits.
While delivering judgement, Justice Oshodi stated: “I find the defendants guilty in the two-count amended information, and I convict them accordingly. This is the judgement of the court.”
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The court jailed them eight months on count one and one year and six months on count two. Both sentences are to run concurrently, with an option of a N50,000 fine.
The EFCC alleged that the defendants and other persons at large, sometime in January 2025 in Lagos, within the court’s jurisdiction, conspired to transfer and retain criminal proceeds from unauthorised access to Wema Bank’s computer and servers.
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