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

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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.

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“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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Pastor sentenced to life imprisonment for raping church member’s daughter

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An Ikeja Sexual Offences and Domestic Violence Court on Thursday sentenced a 63-year-old pastor, Chris Mcdouglas to life imprisonment for raping his 18-year-old church member’s daughter, (name withheld).

Justice Rahman Oshodi sentenced Mcdouglas, a pastor at the Peculiar Generation Assembly Church, Lagos, to life imprisonment after he found him guilty of rape.

The judge, however, discharged him of six-count-charge out of the nine-count-charge, bothering on defilement, sexual assault, indecent treatment of a child brought against him by the Lagos State Government.

Oshodi, in his judgment on Thursday, held that the prosecution had successfully proved the charge of rape against the pastor.

Oshodi described the offence as a grave betrayal of trust that left the survivor with lasting psychological trauma.

The court found that the cleric, regarded within his congregation as a “spiritual father” exploited his position of authority to sexually abuse the survivor.

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According to the court, the abuse is not an isolated incident but part of a pattern of manipulation and coercion.

Evidence before the court showed that the survivor reported the incident to the police shortly after it occurred, leading to an investigation and eventual prosecution.

“The impact on the victim has been devastating, particularly given the trust reposed in you as a religious leader.

“This court reject any suggestion that the relationship was consensual as the victim was a minor at the time the incident happened and she cannot give valid consent.

“Testimony also revealed that the victim’s mother confronted the cleric at the church after learning of the abuse, further underscoring the breach of moral and spiritual responsibility,” Oshodi said.

During the trial, the court heard evidence of the devastating impact the abuse had on the victim.

She reportedly suffered depression and experienced recurring suicidal thoughts, pointing to the lasting emotional damage caused by the incident.

The court scrutinised testimonial, medical and electronic evidence presented by the prosecution, alongside objections raised by the defence under the Evidence Act 2011.

The defence had urged the court to reject a medical report and related police referral documents, arguing non-compliance with statutory provisions.

The court agreed in part, holding that certain documents were improperly admitted and should be discountenanced.

However, it ruled that the oral testimony of the medical expert remained admissible and could stand independently.

Citing precedent, the judge held that expert testimony may still carry weight even where accompanying documentation is flawed.

The court found credible and corroborated evidence supporting allegations of abuse at a family residence and a hotel between September and December 2017.

“The victim gave a detailed account of an initial incident in September 2017, describing how she was a drugged and raped by the defendant and her testimony was corroborated with her mother’s, who observed physical distress shortly after the incident.

“The defendant also confirmed to the court that he took the survivor to hotels on several occasions,” Oshodi said.

The court consequently convicted the pastor on the charge of rape and sentenced him to life imprisonment.

The court also ordered that the convict’s name should be written in Lagos State Sexual Offences Register.

The News Agency of Nigeria (NAN) reports that the prosecution, led by the Director of Public Prosecution (DPP), Dr Babajide Martins, called five witnesses while Defence Counsel, Mr Yusuf Nurudeen also called five witnesses during trial. (NAN)

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Gov Mbah Bags Medical and Health Workers Union’s Award for Giant Strides in Healthcare

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…Mbah: Why we allocated 50% of Enugu budgets to health and education in 3 years

The Medical and Health Workers’ Union of Nigeria (MHWUN) has presented an Award of Distinguished Leadership and Outstanding Contributions to Healthcare Delivery to Enugu State Governor, Dr. Peter Mbah, describing him as a leader who has made “a real and measurable difference in the lives of health workers and the citizens of Enugu State.”

The award was presented to the Governor by the National President of MHWUN on behalf of the Enugu State Council of MHWUN and union representatives at Government House, Enugu, on Wednesday evening.

The Union predicated the award on what it described as massive infrastructural transformation in the health sector, including the construction of 260 Type 2 Primary Healthcare Centres across the 260 political wards of the state, the nearly completed 300-bed ultramodern Enugu International Hospital, and the revamping of secondary healthcare facilities.

They also hailed the governor for extensive reforms in the health sector and the turnaround in the welfare of health workers in the state.

“In the area of health workers’ welfare, which is of direct and critical interest to our union, Your Excellency approved the full, 100 per cent, implementation of the Consolidated Health Salary Structure (CONHESS) for medical and health workers, a long overdue step that has brought relief and dignity to our workers.

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“Your government also approved a consequential adjustment for Enugu State workers, a gesture that has given our members the encouragement to be more productive and dedicated to their work.

“You recruited 2,500 health workers to address identified personnel deficits and have sustained training and capacity building programmes to sharpen the competences of existing staff.

“Equally noteworthy is the prompt and consistent payment of salaries, an act that may seem routine in an ideal world, but which, in the Nigerian reality, represents exceptional governance and compassion,” the Union stated.

The workers commended Governor Mbah for strengthening immunisation programmes, expanding antenatal and family planning services for women, and introducing free daily balanced meals for 300,000 schoolchildren in the Smart Green Schools.

They noted that Mbah’s “uncommon transformation” in the health and education sectors has attracted the partnership of the World Health Organisation (WHO), both of whom have publicly commended his commitment to health sector reform and investments.

“These are not merely domestic accolades; they are global endorsements of your leadership,” the Union added.

The State Chairman of the Enugu State chapter of MHWUN, Dr. Nnenna Oraedu, pledged the health workers’ continued partnership and cooperation with the Mbah administration in pursuit of a healthier, more prosperous Enugu State.

Speaking, Governor Mbah said his administration was well aware of the central place of a healthy population and workforce in his drive to grow Enugu State’s economy from $4.4 billion to $30 billion.

Consequently, he said the administration had budgeted/spent over 50 per cent of the state’s total budget in three budgetary cycles on education and health.

“We looked at our maternal mortality, infant mortality and under-five mortality rates, we knew immediately that we needed to address the preventive medical subsector aggressively, which was why we constructed 260 Type 2 Primary Healthcare Centres across the 260 wards.

“Just this morning, we approved a sum of about N4 billion to equip an additional 100 primary healthcare centres. We are going to add an additional 100 to what is currently operational, taking the number to about 200 fully operational primary healthcare centres. We hope that before the end of May, the 260 Type-2 Primary Healthcare Centres will be fully operational,” he stated.

He said that his administration was spending heavily on transforming the Enugu State University Teaching Hospital, Park Lane, the State University of Medical and Applied Sciences, the Colleges of Nursing, and the construction of the 300-bed Enugu International Hospital, because health is wealth.

“We are now attending to 54 general and cottage hospitals. We are upgrading some of the cottage hospitals to general hospitals,” he stated.

Mbah accepted the award with gratitude, dedicating it to his team, saying, “we are nothing without our team.”

“I want to, on behalf of my team, also assure you that this award will not make us rest on our laurels; it will rather spur us to work harder.”

Also, reacting to some of the major challenges listed by MHWUN Enugu State, Mbah donated an operational bus to the Union.

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Billionaire trader Habby Forex hospitalized in Canada, undergoes surgery

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Award-winning Nigerian forex trader, Damilare Ogundare, has been hospitalized in Canada after a sudden medical emergency.

The trader, widely regarded as one of the highest-earning figures in Africa’s forex space, had reportedly left Nigeria just days earlier in good health before the unexpected incident occurred.

Sharing an update via his Instagram page on April 16, 2026, 25-year-old Habby Forex disclosed that he was feeling fine and active upon arriving in Canada when he suddenly developed complications that led to his admission into the emergency unit.

According to him, the situation escalated quickly, requiring urgent surgical intervention to save his life.

He revealed that he was taken into the surgical ward shortly after arriving at the hospital, where doctors carried out the necessary procedure.

Despite the scare, the forex trader expressed gratitude to God for his survival and also appreciated the Canadian healthcare team for their swift response and professionalism in handling the emergency.

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HabbyForex informed his fans that he will be trading in Canada for a while now till he fully recovers.

He wrote; “I was fine and active as usual… suddenly in the ER needing emergency surgery to save my life ,Still unbelievable. I survived this , Thank you GOD & Thank you to the Canadian healthcare team 🇨🇦. Everything in life is a risk , trading from here for now stay active on telegram 📈🔐. Thanks to everyone checking up on me , ❤️❤️🙏.”

See the post below;

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A post shared by Damilare Ogundare (@habbyforex_)

His post has since drawn reactions from fans and celebrities, many of whom have taken to social media to wish him a speedy recovery.

Reacting, Don Jazzy wrote, “Ahh get well soon bro.”

goldtradernoelreys commented, “Thank you God, get well soon Ogo ❤️💪 You’re healed 🙏🏽.”

smart_money_rich shared, “God is GOOD. Your recovery is swift 💜💜.”

pickpipsfx shared, “The Lord Almighty is the strength of your life, @habbyfx_academy … Quick recovery Boss 💪💪.”

ganajoshua_danlami uttered, “By his stripes you are healed Brody 🙏🏽❤️ Thank God for life 🙏🏽.”

blaqmayor_ shared, “Quickest recovery biggest na star you be dem Dey shine forever 🙏🏽🙏🏽 God is the greatest.”

thetdo reacted, “God of mercy. Get well soon Fx prof.”

In similar news, A debate has erupted online after award-winning Nigerian forex trader, Habby Forex boasted about having more expensive wristwatches in Nigeria.

Don Jazzy challenged the claim and urged the trader to rank Afrobeats superstars Burna Boy and Davido ahead of him in terms of expensive wrist watches.

Don Jazzy’s reaction has since sparked widespread reactions, with many netizens echoing his stance and questioning the trader’s comparison, particularly highlighting Burna Boy’s global success and financial strength.

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