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Breaking:Inflation in Nigeria Hits 20-Year High at 28.2% in November.

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President Bola Ahmad Tinubu

 

Nigeria’s headline inflation has risen to a 20-year high of 28.2 percent in November, the National Bureau of Statistics NBS, has disclosed.

The NBS in a report released on Friday said the headline inflation rate increased to 28.20 percent relative to October 2023 headline inflation rate which was 27.33 percent.

Reports indicate that the figure is the highest record from data obtained on the website of the Central Bank of Nigeria, CBN.

The bank’s data started from 2023.

The NBS said Food inflation rate also increased to 32.84 percent on a year-on-year basis, which was 8.72 percent points higher compared to the rate recorded in November 2022 (24.13 percent).

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“The rise in food inflation on a year-on-year basis was caused by increases in prices of bread and cereals, oil and fat, potatoes, yam and other tubers, fish, fruit, meat, vegetables and coffee, tea and cocoa,” it said.

On a month-on-month basis, the food inflation rate in November 2023 was 2.42 percent, 0.51 percent higher compared to the rate recorded in October 2023 (1.91 percent).

said the rise was caused by the increase in the average prices of bread and cereals, oil and fat, meat, coffee, tea and cocoa, potatoes, yam & other tubers.

Also, the “all items less farm produces and energy” or core inflation, which excludes the prices of volatile agricultural produces and energy stood at 22.38 percent on a year-on year basis.

“This is up by 4.39 percent when compared to the 17.99 percent recorded in November 2022. The highest increases were recorded in prices of passenger transport by road, medical services, passenger transport by air, actual and imputed rentals for housing, pharmaceutical products, accommodation service etc,” the report added.

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Governor Abba Kabir Yusuf Holds Exclusive Prerogative to Choose Deputy – Malam Inuwa Waya

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Malam Inuwa Waya, a chieftain of the All Progressives Congress (APC) in Kano, has reaffirmed that the constitutional prerogative to appoint a new Deputy Governor rests solely with His Excellency, Governor Abba Kabir Yusuf.

Speaking to journalists in Kano, Malam Waya cautioned against undue interference from individuals on social media who have been attempting to dictate the Governor’s choice following the resignation of the former Deputy Governor, Comrade Aminu Abdulsalam.

“It is only Governor Abba Kabir Yusuf who has the prerogative to choose his deputy. People should stop coming to social media to tell him who to appoint. The constitution does not mandate him to select from any particular zone; it is entirely his decision,” Malam Waya stated.

He further explained that while political balancing may encourage consideration of candidates from Kano North or South since the Governor hails from Kano Central, such arrangements remain political strategies rather than constitutional requirements.

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Malam Waya also commended Governor Yusuf’s infrastructural strides, noting that within two years, the administration has revived water projects, advanced public-private partnerships in power, and accelerated development across education, agriculture, and investment.

“The Governor has revived the glory of Kano. With the infrastructure projects ongoing, it will be an easy sail for all of us as we prepare for 2027. He has put Kano first, and that is what matters,” he said.

On the issue of inclusivity, Malam Waya emphasized that all stakeholders, including former APC members, are being carried along in governance. He urged the people of Kano to unite behind the Governor’s vision.

“We, the old APC members, have no problem with Governor Yusuf. We are knit together in Kano, and our priority is Kano first, not any individual. The Governor knows who he will pick as his deputy, and we trust his judgment,” he concluded.

Malam Waya also extended prayers for the acceptance of Ramadan fasting and congratulated the Muslim Ummah in Kano for celebrating Sallah peacefully.

 

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ADC Reports Surge in Membership Following Kwankwaso’s Defection, Calls Him ‘Game Changer’

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By Yusuf Danjuma Yunusa

The African Democratic Congress (ADC) has officially welcomed former Kano State Governor and 2023 presidential candidate Senator Rabiu Musa Kwankwaso into its fold, touting his defection as a pivotal move that strengthens a growing coalition for political realignment in Nigeria.

In a statement released for immediate effect, the party described Kwankwaso as a “game-changer,” announcing that he has directed his network of supporters nationwide to join the ADC. According to the party, this call has already triggered a significant uptick in registrations on its online platform over the past 24 hours.

The ADC’s National Publicity Secretary, Mallam Bolaji Abdullahi, framed the defection as part of a broader recognition among Nigerians of the need for a credible political alternative. The statement emphasized Kwankwaso’s experience in governance, grassroots influence, and capacity to unify as assets to the party’s ambition to “rebuild Nigeria.”

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Notably, the ADC highlighted the presence of several high-profile leaders at the defection event, including the party’s National Chairman, Senator David Mark; National Secretary, Ogbeni Rauf Aregbesola; and leading presidential aspirants such as former Vice President Atiku Abubakar, Mr. Peter Obi, and Rt. Hon. Rotimi Amaechi. Their attendance, the party stated, reflects a united front and growing momentum.

The party characterized the surge in online registrations as evidence that Nigerians are aligning with what it called a “different path forward.” In its appeal to Kwankwaso’s supporters and the broader public, the ADC positioned itself as a vehicle for restoring dignity, opportunity, and public trust in governance.

“Change does not happen by chance,” the statement concluded. “It happens when people come together with purpose.”

The development marks a significant realignment in Nigeria’s opposition political landscape, with the ADC seeking to position itself as a converging point for influential politicians and their followings ahead of future elections.

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Foreign Affairs Minister Resigns to Pursue Bauchi Governorship Election

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By Yusuf Danjuma Yunusa

The Minister of Foreign Affairs, Yusuf Maitama Tuggar, has resigned from his position in the administration of President Bola Ahmed Tinubu to pursue the governorship of Bauchi State in the 2027 election.

Tuggar submitted his resignation on Monday, in compliance with a presidential directive requiring all political appointees with electoral ambitions to vacate their posts by the March 31, 2026, deadline.

The directive, issued through the office of the Secretary to the Government of the Federation, George Akume, aligns with Section 88(1) of the Electoral Act, 2026, and the timetable released by the Independent National Electoral Commission (INEC). It affects ministers, advisers, and heads of federal agencies intending to contest in the 2027 general elections.

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Reports have it that his resignation positions him to seek the ticket of the All Progressives Congress (APC) for the Bauchi State gubernatorial race.

Tuggar’s entry is expected to significantly reshape the state’s political landscape, intensifying an already competitive contest for the APC nomination. His background as a career diplomat and serving minister is seen by political observers as a potential advantage, offering national visibility and extensive political networks.

With less than 24 hours remaining before the deadline, additional resignations from the Federal Executive Council are anticipated as other appointees move to formalize their electoral ambitions.

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