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Nigeria’s inflation rate rises to 19.6%, highest in 17 years

Published

4 years ago

August 16, 2022

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Nigeria’s inflation has increased to 19.64 per cent in July, bringing the country’s inflation figure to the highest recorded since 2005, the National Bureau of Statistics (NBS) has disclosed.

Prince Semiu Adeniran, the Statistician-General of the Federation and Chief Executive Officer, of NBS stated this in the Consumer Price Index (CPI) for July 2022 released by the bureau in Abuja on Monday.

Giving a breakdown of the report in a statement, Adeniran said that the CPI measures the average change over time in the prices of goods and services consumed by people for day-to-day living.

According to him, it is a core macroeconomic indicator used in the derivation of the inflation rate for policy, planning, and monitoring of an economy.

Adeniran said the report showed that in July 2022, on a year–on–year basis, the headline inflation rate was 19.64 per cent.

“This is 2.27 per cent points higher compared to the rate recorded in July 2021, which was 17.38 per cent.

“This shows that the headline inflation rate increased in July 2022 when compared to the same month in the previous year of July 2021.

“This means that in July 2022, the general price level was 2.26 per cent higher than in July 2021.’’

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

Adeniran said the increase in inflation was caused by an increase in the food index attributed to the disruption in the supply of food products.

The statistician-general also said the increase in inflation was caused by an increase in the cost of transportation arising from the higher cost of energy.

According to him, the increase in the inflation rate was also due to an increase in import costs as a result of currency depreciation, as well as a general increase in the cost of production.

He said on a month-on-month basis, the headline inflation rate in July 2022 was 1.817 per cent, which was higher than the rate recorded in June 2022 at 1.816 per cent.

“The percentage change in the average CPI for the twelve months ending July 2022 over the average of the CPI for the previous twelve months period was 16.75 per cent.

“This is showing a 0.46 per cent increase compared to 16.30 per cent recorded in July 2021.’’

Adeniran said the composite food index on a year-on-year basis was 22.02 per cent in July 2022, showing a rise compared to 21.03 per cent in July 2021.

He said the rise in the food index was caused by increases in prices of Bread and cereals, Food products, potatoes, yam, and other tubers, meat, fish, oil, and fat.

The statistician-general said on a month-on-month basis, the food sub-index in July 2022 was 2.04 per cent lower than the 2.05 per cent recorded in June 2022.

“The index for all items less farm produce (Core inflation), which excludes the prices of volatile agricultural produce stood at 16.26 per cent in July 2022 on a year-on-year basis.

“This was higher when compared to 13.72 per cent recorded in July 2021. On a month-on-month basis, the core sub-index was 1.75 per cent in July 2022 higher when compared to 1.56 per cent recorded in June 2022.

He said the highest increases were recorded in prices of gas, liquid fuel, solid fuel, passenger transport by road, passenger transport by air, garments, cleaning, repair and hire of clothing.

Adeniran said on a year-on-year basis, in July 2022, the urban inflation rate was 20.09 per cent, 2.08 per cent higher compared to 18.01 per cent recorded in July 2021.

He said on a month-on-month basis the urban inflation rate was 1.82 per cent in July 2022, showing a decline compared to June 2022 at 1.82 per cent.

Adeniran said the rural inflation rate in July 2022 was 19.22 per cent on a year-on-year basis, which was 2.47 per cent higher compared to the 16.75 per cent recorded in July 2021.

“On a month-on-month basis, the rural inflation rate in July 2022 was 1.811 per cent, which was higher compared to June 2022 at 1.809 per cent.’’

Adeniran said all Items Inflation for the states in July 2022 on a year-on-year basis was highest in Akwa Ibom with 22.88 per cent, followed by Ebonyi with 22.51 per cent, and Kogi with 22.08 per cent.

The statistician-general said the slowest rise was recorded in Jigawa with 16.62 per cent, followed by Kaduna State with 17.04 per cent and Borno with 18.04 per cent.

Adeniran said on a month-on-month basis, July 2022 recorded the highest increase in Adamawa with 2.87 per cent, followed by Abuja with 2.84 per cent, and Oyo State with 2.77 per cent.

“While Bauchi recorded the slowest rise on month-on-month inflation with 0.82 per cent, followed by Kano State with 0.83 per cent and Niger State with 1.03 per cent.’’

He said Food Sub-index Inflation for the states in July 2022 on a year-on-year basis was highest in Kwara with 29.28 per cent, followed by Akwa Ibom with 27.22 per cent, and Kogi with 26.08 per cent.

The statistician-general said Kaduna State recorded the slowest rise in food inflation year-on-year with 17.16 per cent, followed by Jigawa with 17.46 per cent and Anambra with 19.25 per cent.

Adeniran said on a month-on-month basis, the food inflation sub-index was highest in Kwara with 3.90 per cent, followed by Delta with 3.61 per cent, and Benue with 2.94 per cent.

While he said Taraba, Gombe, and Niger recorded the slowest rise on month-on-month inflation with 0.14 per cent, 0.94 per cent, and 1.13 per cent respectively. (NAN)

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2027: Atiku raises concern over outdated BVAS

Published

5 hours ago

August 11, 2026

Advocate News Nigeria

Former Vice President Atiku Abubakar

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Former Vice President Atiku Abubakar has raised concerns over the alleged use of an outdated operating system on the Bimodal Voter Accreditation System (BVAS), warning that it could pose cybersecurity and operational risks ahead of the 2027 general elections.

Paul Ibe disclosed this on his Facebook handle on Tuesday.

Atiku, the presidential candidate of the African Democratic Congress (ADC), raised the concerns following the reported failures recorded during the Osun State mock accreditation exercise on August 1, 2026, and comments by the Independent National Electoral Commission (INEC) Director of ICT, Dr Lawrence Bayode.Bayode, while speaking on Arise TV on Monday, reportedly said the BVAS, introduced into Nigeria’s electoral process in 2021, currently runs on Android version 10.

In a statement issued by his Media Office in Abuja on Tuesday, Atiku said Android version 10 had reached end-of-life status in 2023 and no longer receives regular updates or security patches.

He argued that running an election technology platform such as BVAS on an outdated operating system could expose the electoral process to cybersecurity and operational vulnerabilities.

Atiku questioned why INEC, with what he described as its substantial budget, had not upgraded the BVAS software ahead of the 2027 general elections or used forthcoming off-cycle elections, including the Osun governorship election, to test an updated version.

He described what he called INEC’s handling of the BVAS issue as “suspicious” and alleged that it could undermine the integrity of the country’s elections.

According to him, vulnerabilities in an outdated operating system could potentially be exploited by cybercriminals to gain unauthorised access to devices and tamper with stored voter accreditation or polling unit result data before transmission.

He also raised concerns about the transmission of polling unit results over public telecommunications networks to the INEC Result Viewing (IReV) portal.

Atiku said outdated security and cryptographic components could increase exposure to cyber threats, including attempts to intercept, block or manipulate data transmitted between polling units and the result-viewing platform.

The former Vice President further expressed concern about the biometric functions of BVAS, which uses fingerprint and facial recognition for voter accreditation.

He argued that an outdated biometric framework could affect the system’s accuracy and resilience against attempts to circumvent its verification processes.

Atiku also warned that software defects associated with legacy systems could lead to application crashes, particularly during periods of heavy usage, potentially causing delays in voter accreditation.

He said he supported calls by cybersecurity experts for an independent and comprehensive audit of the BVAS hardware and software ahead of the 2027 elections.

According to him, running critical national infrastructure on an end-of-life operating system could create an expanded attack surface and expose the electoral system to avoidable risks.

The statement was signed by the Atiku Media Office, Abuja, on August 11, 2026.

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Gov Mbah hails security forces over arrest of Affa Church kidnappers

Published

13 hours ago

August 11, 2026

Advocate News Nigeria

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Four AK-47 rifles, ammunition recovered

Governor Peter Mbah of Enugu State has commended intelligence and security agencies in the state for nabbing three members of a notorious kidnap gang responsible for the August 2, 2026 attack on St. Joseph’s Catholic Church, Inoyi-Affa, in Udi LGA of the state.

A joint operation by the Department of State Services (DSS), the Army, Police, Enugu State Forest Guard, and others, led to a gun battle with the suspected kidnappers.

One suspected member of the kidnapping gang was neutralized, while the security team recovered four AK-47 rifles and a cache of ammunition.

The governor made the commendation on Monday night after visiting the state DSS headquarters to see the arrested suspected kidnappers.

The governor, who was represented by Secretary to the State Government, Prof. Chidiebere Onyia, disclosed that two of the three kidnapped victims of the August 2 attack, Seminarian Lawrence Igbo and Mr. Emmanuel Onwudi, had regained their freedom.

The victims, stated the SSG, had fully identified the apprehended men as their abductors.
On behalf of the governor, the SSG assured the people of Enugu State that the Mbah administration would continue to prioritise and invest in the security of their lives and properties.

“There was one fatality in this process. It was one of the criminals that died in the process of apprehending them. Usually, criminal elements will not want to be apprehended easily without a fight, but our people were ready, and we have one fatality, while the others are here now as you can see; and they will face the full wrath of the law,” he declared.

“We made it very clear that if criminality becomes your venture, Enugu State is not the location to do that business; that we will pursue you, we will make sure we bring you to justice, and that was why we put the robust security architecture across the state, working in collaboration with the security forces to ensure that Enugu is uncomfortable for anybody that plans criminality, and you’re seeing that very clearly.

“We are intentional in investing in and organising our security architecture to prevent crime. But if there is a breach, you can run, but cannot hide for long. We must get you. You can’t commit these crimes in Enugu State and get away with it. No way,” he said.

He warned citizens against colluding with criminal elements or serve as their informants, vowing to come after them.

“We will find you also, just as we have found these people, and we will prosecute you as part of this evil operation and this evil syndicate.

“Wherever you are, know that investigation is ongoing and that this government will track you down, and you will pay for your crimes in planning havoc on our citizens. So wherever you are, we are still coming for you,” he stressed.

He showered encomium on the security forces for their cooperation and gallantry.

“We also want to very highly commend all the security agencies: the DSS, Nigerian Army, the Nigerian Police, the Enugu State Forest Guard, the military services, others for being very instrumental in some of the work that was done, and continue to do in Enugu State,” the SSG declared.

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Enugu Church Kidnap: Seminarian, other victims rescued, three kidnappers arrested, one killed

Published

1 day ago

August 10, 2026

Advocate News Nigeria

Three kidnappers arrested

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…Ransoms, 4 AK-47 rifles and ammunition recovered

…Gov Mbah: You can’t get away with your crimes in Enugu

Security forces in Enugu State have successfully apprehended three perpetrators of the August 2, 2026 kidnap attack on St. Joseph’s Catholic Church, Inoyi-Affa, Udi LGA, Enugu State, and also recovered ransoms during the operations.

This was even as one of the kidnap suspects was neutralised in a gun duel during the joint operation of the Department of State Services (DSS), the Army, Police, Enugu State Forest Guard, and others, which also saw to the recovery of four AK-47 rifles, seven magazines and 133 rounds of ammunition from the hideouts of the kidnapping syndicate.

Fielding questions from newsmen during the parade of the criminals at the state headquarters of the DSS in Enugu Monday evening, Governor Peter Mbah, who was represented by the Secretary to the State Government, Prof. Chidiebere Onyia, added that the remaining two of the three victims of the August 2 attack, Seminarian Lawrence Igbo and Mr. Emmanuel Onwudi, had also regained their freedom.

Ransom recovered from the kidnappers

Mbah also revealed that ransom deployed as a strategy was fully recovered, noting that security agents tracked down the criminals by deploying the state’s hi-tech security assets.

He hailed the DSS, Army, Police, Forest Guards and other security agencies in the state, adding that the victims had equally identified the apprehended criminals as their abductors.

The governor assured the people that his administration would continue to prioritise and invest in the security of their lives and properties.

A member of the kidnap gang neutralized

“There was one fatality in this process. It was one of the criminals that died in the process of apprehending them. Usually, criminal elements will not want to be apprehended easily without a fight, but our people were ready, and we have one fatality, while the others are here now as you could see; and they will face the full wrath of the law.