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NBS: Nigeria’s inflation rate hits 21.91 in February 2023; Food inflation higher by 7.24%

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FCT residents decry steady rise in food prices amidst fuel, Naira crises

With a devastating scarcity of fuel, Naira and food, the nation’s inflation rate increased to 21.91 percent on a year-on-year basis in February 2023. It was 21.82 percent in January.

The National Bureau of Statistics (NBS) disclosed this in Abuja on Wednesday, in its Consumer Price Index (CPI) and Inflation Report for February 2023.

According to the report, the figure is 6.21 percent points higher compared to the 15.70 percent recorded in February 2022.

It said on a month-on-month basis, the Headline inflation rate in February 2023 was 0.09 percent higher than the rate recorded in January 2023 at 21.82 percent.

The report said the increase in the inflation rate was largely attributed to the rise in Bread and Cereal at 21.67 percent.

“Actual and Imputed Rent at 7.74 percent, potatoes, yam and other tubers at 6.06 percent, vegetables at 5.44 percent, and meat at 4.78 percent.’’

The percentage change in the All-Items Index in February 2023 was 1.71 percent on a month-on-month basis.

“This indicates a 0.16 percent decrease compared to the 1.87 percent recorded in January 2023.

”This means that in February 2023, on average, the general price level was 0.16 percent lower relative to January 2023.”

It said the percentage change in the average CPI for the 12 months ending February 2023 over the average of the CPI for the previous 12 months period was 19.87 percent.

“This indicates a 3.15per cent increase compared to the 16.73 percent recorded in February 2022.’’

It said increases were recorded in all Classification of Individual Consumption by Purpose (COICOP) divisions that yielded the headline index.

The report said the food inflation rate in February 2023 was 24.35 percent on a year-on-year basis, which was 7.24 percent higher compared to the rate recorded in February 2022 at 17.11 percent.

“The rise in food inflation is caused by increases in prices of bread and cereals, potatoes, yams and other tubers, and oil and fat, fish, vegetable, fruits, meat, and food products .’’

It said on a month-on-month basis, the food inflation rate in February was 1.90 percent, which was a 0.18 percent drop compared to the rate recorded in January 2023 at 2.08 percent.

The report said the “All items less farm produce’’ or Core inflation, which excludes the prices of volatile agricultural produce stood at 18.84 percent in February 2023 on a year-on-year basis.

“This increased by 4.83 percent compared to 14.01 percent recorded in February 2022.’’

On a month-on-month basis, the core inflation rate was 1.06 percent in February 2023, which was a 0.76 percent drop compared to what it stood at in January 2023 at 1.82 percent.

According to the report, the highest increases were recorded in prices of gas, passenger transport by Air, liquid fuel, fuels, and lubricants for Personal transport equipment, vehicle spare parts, and solid fuel, among others.

“The average 12-month annual inflation rate was 16.92 percent for the 12 months ending February 2023, this was 3.46 percent points higher than the 13.46 percent recorded in February 2022.”

The report said on a year-on-year basis in February 2023, that the urban inflation rate was 22.78 percent, which was 6.53 percent higher compared to the 16.25 percent recorded in February 2022.

“On a month-on-month basis, the urban inflation rate was 1.85 percent in February 2023, representing a 0.13 percent decrease compared to January 2023 at 1.98 percent.’’

It said the corresponding 12-month average for the urban inflation rate was 20.45 percent in February 2023.

“This was 3.16 percent higher compared to the 17.29 percent reported in February 2022.’’

The report said on a year-on-year basis in February 2023, the rural inflation rate was 21.10 percent, which was 5.92 percent higher compared to the 15.18 percent recorded in February 2022.

“On a month-on-month basis, the rural inflation rate in February 2023 was 1.58 percent, which decreased by 0.19 percent compared to January 2023 at 1.77 percent.’’

It said the corresponding 12-month average for the rural inflation rate in February 2023 was 19.33 percent, which was 3.15 percent higher compared to the 16.18 percent recorded in February 2022.

On states’ profile analysis, the report showed in February 2023, all items’ inflation rate on a year-on-year basis was highest in Bauchi at 24.59 percent, followed by Rivers at 24.40 percent, and Ondo at 24.27 percent.

It, however, said the slowest rise in headline year-on-year inflation was recorded in Sokoto at 18.90 percent, followed by Borno at 18.94 percent, and Cross River at 19.62 percent.

The report, however, said in February 2023, all items inflation rate on a month-on-month basis was highest in Edo at 2.76 percent, Ogun at 2.64 percent and Yobe at 2.36 percent.

“Bayelsa at 0.74 percent followed by Borno at 0.95 percent and Taraba at 1.03 percent recorded the slowest rise in month-on-month inflation.”

The report said food inflation in February 2023, on a year-on-year basis, was highest in Kwara at 29.51 percent, followed by Imo at 27.47 percent, and Lagos at 27.42 percent.

“Sokoto at 18.54 percent, followed by Jigawa at 19.67 percent and Yobe at 21.89 percent recorded the slowest rise on year-on-year food inflation.’’

The report, however, said on a month-on-month basis, in February 2023 food inflation was highest in Yobe at 3.15 percent, followed by Edo at 3.03 percent, and Ogun at 2.90 percent.

“With Rivers at 0.75 percent, followed by Sokoto at 0.89 percent and Nasarawa at 0.90 percent recorded the slowest rise on month-on-month inflation.’’ 

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MARITIME SAFETY: NIMASA, NCC Close Ranks On Submarine Cable Regulation In Nigeria

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MARITIME SAFETY: NIMASA, NCC Close Ranks On Submarine Cable Regulation In Nigeria

…Jamoh reiterates  commitment to Ease of Doing Business 

The Nigerian Maritime Administration and Safety Agency, NIMASA, and the Nigerian Communications Commission (NCC) have agreed to work closely with relevant stakeholders as the Agency inches closer to developing a regulatory framework to provide operational guidelines for Submarine Cable and Pipeline Operators in Nigeria. 

Officials of both organs of Government in Lagos reached this agreement at a pre Audit meeting on submarine cable regulation.

The Director General of NIMASA Dr. Bashir Jamoh, OFR, who chaired the meeting, which also had the Director General of Bureau of Public Service Reforms (BPSR) Mr. Dasuki Arabi in attendance, noted that the Agency is committed to the Ease of doing Business while implementing International Conventions which Nigeria has ratified and domesticated. 

He noted that with Nigeria now a destination for global communication players, the time has come to prevent unregulated underwater cable laying, which might become hazardous to shipping.

According to him, “It is worthy to note that marine cable laying has been ongoing for over two decades in Nigerian waters. Our focus is to ensure safety of navigation of shipping in Nigerian waters with all these underwater cables being laid.

NIMASA is actually developing the guidelines to regulate submarine cable operators in line with the provisions of the United Nations Convention on the Law of the Sea, UNCLOS; which we have ratified and NIMASA is the Agency of Government in Nigeria responsible for its implementation. We do not just implement laws; we consult. Where the responsibility of an Agency stops, that is where the responsibilities of another Agency start. Collaboration is a key component of ease of doing business in the best interest of the country and we will work closely with the NCC to achieve this”.

On his part, the Executive Vice Chairman of the NCC, Professor Umar Garba Danbatta who was represented by the Director, Compliance Monitoring and Enforcement, Efosa Idehen noted that the stakeholders’ dialogue strategy adopted by NIMASA in developing the guidelines would ensure a win-win situation urging NIMASA management to include the Ministry of Justice, a request NIMASA DG immediately granted.

Also speaking at the meeting was the Director General of the Bureau of Public Service Reforms Mr. Dasuki Arabi, who commended NIMASA and NCC for adopting effective Inter-Agency collaboration to avert a potential challenge for the country in the future.

NIMASA had notified submarine and cable operators in Nigeria of a soon-to-be-implemented regulatory guideline for submarine cables and pipelines in Nigeria, in line with the provisions of UNCLOS. NIMASA and the NCC agreed to identify and resolve areas of likely regulatory overlaps, ensuring a regulatory framework based on consultation to engender the attainment of Nigeria’s digital economy transformation.

Officials of the Federal Ministry of Environment and representatives of Submarine Cable operators in Nigeria were also at the meeting.

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Osinbajo mourns Diya, as Gov. Abiodun takes over burial arrangements

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Osinbajo mourns Diya, as Gov. Abiodun takes over burial arrangements

 Vice President Yemi Osinbajo has described the late retired Lt.-Gen. Oladipo Diya, as a patriot who showed deep love and commitment to Nigeria during and after his service to the military and the nation.

The vice president in a statement he personally signed on Monday in Abuja,  expressed grief over the death of the former Chief of General Staff.

 “I received with sadness, the news of the passing of Diya, the former Chief of General Staff and number two official in the administration of the Federal Military Government of the late Gen. Sani Abacha.

“Diya was not only a distinguished Nigerian patriot, and an illustrious son of Odogbolu in Ogun, he was also a statesman who showed deep love and commitment to our country even after his illustrious service to the nation.

“Gen. Diya, GCON, LLB, BL, PSC, FSS, MNI, was a forthright, brilliant officer and a devoted family man,” he added.

Osinbajo said that Diya’s death was a loss to the people of Ogun and Nigeria.

He prayed to God to comfort the family, friends, associates and the people of Ogun State.

“May his memory always be blessed,” he said.

Diya died on Sunday at the age of 79. 

In a related development, the Governor of Ogun State, Mr Dapo Abiodun, on Monday said that the state would take over the burial of Lt.-Gen. Oladipo Diya, to give him a befitting farewell.

Osinbajo mourns Diya, as Gov. Abiodun takes over burial arrangements
Gov. Abiodun during his condolence visit to the family of late Diya.

Abiodun said this during his condolence visit to the family at the late Diya’s residence at 31 Adekunle Fajuyi St., GRA, Ikeja, Lagos State.

 Lt.-Gen. Diya died on Sunday, March 26, at the age of 79.

The governor said that Diya was a former governor of Ogun State in 1984 and was an illustrious son of the state, with whom they were specially very pleased.

“His contribution to the state will be remembered for many years to come.

“The least we can do to honour him and support the family is to take over and give him a befitting farewell and that is what we are going to do.

“A committee will be set up that will comprise members of our cabinet and members of the family, to ensure that we give our departed son a befitting burial,” he said.

Abiodun said that one of the lessons that could be learnt from the life and times of Diya was to absolutely put your trust and faith in God.

“I learnt that when God is with you, and when your trust and faith is in God, man can sentence you but God will uphold you.

“A sentence was pronounced on Diya’s life but God upheld him and he lived for many more years after that sentence.

“So, for me, that is one of the takeaways that I will remember from the life and times of Lt.-Gen. Diya, who we are going to immensely miss,” he said.

The governor said that Diya was a soldier, a lawyer and a gentleman, who rose to the peak of his career by becoming the Chief of Staff at the Supreme Headquarters.

“He also became the General Officer Commanding (GOC) 82 Div, he was the Commandant of the Nigerian War College, after which he became the defacto vice president of Nigeria.

“His philanthropic intelligence and community involvement are such that we can not write the history of Ogun State without remembering him particularly or where he comes from, which is Odogbolu LGA.

“All of us in Ogun State will forever be grateful for the impactful life that he has lived,” Abiodun said.

He offered his deep condolences to Diya’s family on behalf of the entire people and government of Ogun State.

“Our prayer to the almighty God is to forgive his sins and grant recourse of his soul.

“We pray that the Almighty God will give his wife, Mrs Josephine Diya, the children and entire members of the family the heart to bear the loss,” Abiodun said.

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CUSTOMS: Nnadi Mourns DCG Sanusi, Describes him as Compassionate, Humble, Detribalized Officer

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CUSTOMS: Nnadi Mourns DCG Sanusi, Describes him as Compassionate, Humble, Detribalized Officer

The Area Controller of Seme Command of the Nigeria Customs Service, Compt. Dera Nnadi has expressed a deep sense of loss and grief over the death of DCG  Umar Sanusi (rtd).

The retired Customs officer died in the early hours of Sunday 26th, March 2023,  at a private hospital in Abuja and was buried according to Islamic rites the same day after Muslim prayer in the Abuja Central Mosque.

In an emotion-laden tribute to the late Customs chief, Compt. Nnadi grieved the death of Sanusi whom he said he admired and revered as a Customs officer.

Recounting his various encounters with the deceased, Nnadi disclosed that the late Sanusi came across to him as a fine, diligent, compassionate, thorough, and core professional officer who was humane, humble, and highly detribalized, the attributes which Comptroller Nnadi said had a deep impression on him.

“It is with a heavy heart that I received the news of the death of DCG Rtd Umar Sanusi.  A gentleman officer and an erudite Nigerian.

“My first encounter with the senior officer was in 2003 or so at the  CGC conference in Calabar Cross River State, where, as an Assistant Comptroller of Customs, he presented a report as the  APM Apapa Command.

“It was not common then to present papers and reports in PowerPoint, but he did. This was not the only remarkable thing he did at the conference.

“The then AC Sanusi was detailed in his report, which was a departure from what others presented.

“He was factual and honest and admitted it where things were wrong in NCS operations at Apapa Command and highlighted them in writing during his presentation.

“This was shocking to the entire audience as it was rare then for officers to admit that their acts while discharging their duties, were not optimal.

“Some attempt by the moderator to stop him was rebuffed by a lone voice.

“One man and indeed the Boss was that voice. The then  CGC now Gbon Gwom Jos Da Elder Jacob Gyang Buba overruled everybody and urged him to continue and to even say more if he has facts.

“He gave him more time than the allotted 30 minutes. There was a pin-drop silence.

“AC Sanusi earned a place in the Service after that encounter. He also earned my admiration as a young Deputy Superintendent of Customs.

“Our path was to cross again when I was posted to Apapa prior to the commencement of the second phase of the NCS and  NPA port reforms, which coincided in 2006.

”AC Sanusi was the APM and  I was the PRO of the Command.

“The NCS reforms included migration from basic  ASYCUDA to ASYCUDA 2.0, the use of the precursor to PAAR called Risk Assessment Report RAR, the introduction of e- Payment regime and the introduction of Non-Intrusive Cargo examination- Scanners all with Apapa Port as the pilot Command.

“On the other hand and going on simultaneously was the port concession which saw NPA handing over to private sector owners of the port facilities.

“The challenges then were enormous, but we survived all through DCG Sanusi’s diligence with the then Comptroller Rasheed Owolabi Taiwo.

“It was a milestone for me and indeed for the senior officers then as through AC Sanusi. I learnt a lot from him.

“Yet another remarkable encounter with DCG Sanusi was at the NCS Headquarters when he was appointed ACG Headquarters.

“I had gone to greet him and pay homage when he did the “unthinkable” at least in my little understanding of life then.

“After taking my compliments, he offered me a seat and of course, I refused to seat in his presence as an Assistant Comptroller out of courtesy.

“He said ‘Nnadi, I have observed that we are not close anymore and I think this is an opportunity for me to address it’. I was shocked and said it wasn’t so.

“What he said next shocked me. He said ” I know I offended you but I  want to use this opportunity to apologise and request that you work closely with me. As ACG HQ, I will need you around me since you are in SR&P”.

“I  responded that I did not know that he offended me being his junior who respect and admire him. He said I should never mind.

“He offered me a gift, stepped out, shook my hands and gave me a hug.

“I left his office confused, overwhelmed with emotions and thereafter held in greater esteem and awe. His loss is a personal one to me.

“Farewell DCG Umar Sanusi. NCS and indeed Nigeria lost a gem,” Nnadi sobbed.

The deceased, Sanusi, who retired in 2019 as DCG, Human Resources Department, died after a brief illness in the early hours of Sunday, 26th March 2023.

Sanusi was earlier appointed Assistant Comptroller General Customs (ACG), Headquarters by Col. Hameed Ali (rtd), in 2015 before he was promoted to DCG in 2018.

Announcing his death, the Public Relations Officer, PTML command of the Service, SC Yakubu Muhammed said:

“With heavy heart, I notify us of the demise of DCG AU Sanusi (Rtd).

“He passed on about an hour ago at a private hospital in Abuja. The Janaza prayers hold after the Zuhr prayers (1 pm) at the National Mosque, Abuja In Shaa Allah,”

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