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Nigeria: NBS report indicates food prices rose significantly in October

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A report released by the National Bureau of Statistics (NBS) has revealed that prices of basic food items like beans, eggs, bread, rice, and other essentials witnessed significant increases in Nigeria in October.

In its “Selected Food Prices Watch” released in Abuja on Tuesday noted that its month to month monitoring showed a steep rise in food prices with many Nigerians unable to buy simple food items for their families and households in the out gone month.

The report said that the average price of 1 kg of brown beans increased by 254.23 per cent from N790.01 recorded in October 2023 to N2,798.50 in October 2024.

“On a month-on-month basis, 1 kg of brown beans increased by 2.19 per cent in October from the N2,738.59 recorded in September 2024,” the report said.

“The average price of medium-sized Agric eggs (12 pieces) increased by 140.21 per cent on a year-on-year basis from N1,112.22 in October 2023 to N2,671.60 in October 2024.

“On a month-on-month basis, the eggs increased by 7.42 per cent from the N2, 487.04 recorded in September 2024.”

The report also stated that the average price of sliced bread increased by 103.76 per cent on a year-on-year basis from N760.82 in October 2023 to N1,550.24 in October 2024.

“On a month-on-month basis, the price increased by 1.44 per cent from the N1,528.19 recorded in September 2024.

“In addition, the average price of 1 kg of local rice rose by 137.32 per cent on a year-on-year basis from N819.42 recorded in October 2023 to N1,944.64 in October 2024.

“On a month-on-month basis, it increased by 1.56 per cent from N1,194.77 recorded in September 2024.”

The report further said that the average price of 1kg of boneless beef increased by 98.73 per cent on a year-on-year basis from N2,948.03 in October 2023 to N5,858.58 in October 2024.

“On a month-on-month basis, the price increased by 3.99 per cent from the N5,633.60 recorded in September 2024.”

Giving a detailed state by state breakdown, the report showed that in October 2024, the highest average price of 1 kg of brown beans was recorded in Bauchi at N3,750.00, while the lowest was recorded in Yobe at N1,749.52.

“Niger State recorded the highest average price of medium-size Agric eggs (12 pieces) at N3,450.00, while the lowest was in Adamawa at N2,050.00.

“The highest average price of sliced bread was recorded in Rivers at N1,867.14, while the lowest price was recorded in Yobe at N960.07.

“Kogi recorded the highest average price of 1 kg of local rice (sold loose) at N2,693.41, while the lowest was reported in Benue at N1,267.25.

“Analysis by zone showed that the average price of 1 kg of brown beans was highest in the South-South at N3,274.39, followed by the North-Central at N2,990.02. The lowest price was recorded in the North-East at N2,294.29.

“The North-Central and South-East recorded the highest average price of medium-size agric eggs (12 pieces) at N2,915.58 and N2,879.24, respectively, while the lowest price was in the South-West at N2,472.94.

“The South-South recorded the highest average price of sliced bread at N1,829.25, followed by the South-East at N1,665.56, while the North-East recorded the lowest price at N1,360.85, while the South-East and the South-West recorded the highest average price of 1 kg of local rice (sold loose) at N2,146.08 and N2,011.05, respectively.

“The North-West recorded the lowest price of 1 kg of local rice (sold loose) at N1,763.62,” the report said.

Metro

Zambian NGOs rate President Hichilema’s reforms as not far-reaching

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Two Non-Governmental Organizations (NGOs) in Zambia, the Transparency International-Zambia (TI-Z) and the Continental Leadership Research Institute (CLRI), have rated the government of President Hakainde Hichilema’s interventions and reforms as below average while calling on the government to urgently implement the Public Audit Act of 2016 and the State Audit Commission Act of 2016.

TI-Z President, Priscilla Chansa, in an interview with Zambia Monitor, underscored the importance of the laws in ensuring the administrative and financial independence of the Office of the Auditor General, describing it as a cornerstone of public accountability.

Chansa stressed that strengthening the Auditor General’s Office was not just a constitutional requirement but a critical step toward safeguarding public resources and improving governance.

“Several promises of governance reforms made by the UPND administration remain largely unfulfilled, despite repeated commitments at various international and local platforms,” Chansa said.

She pointed out stalled constitutional reforms, which was a key pledge in the 8th National Development Plan, and criticised the lack of transparency surrounding the government’s roadmap, which she said had deepened public skepticism.

“This opacity has left stakeholders in the dark and raises doubts about the sincerity of the government’s commitment to such a critical undertaking,” she stated, while urging the government to provide a clear roadmap for the constitutional reform process and, if deemed a lower priority, engage the Zambian public in an open conversation to dispel speculation.

The TI-Z President also criticised the administration’s failure to implement asset declarations and lifestyle audits, calling it a missed opportunity to enhance transparency and accountability.

“We reiterate our call for the enactment of a comprehensive asset and liability declaration law to address this critical area,” she appealed.

Also speaking in a separate interview, the CLRI Executive Director, Mundia Hakoola, called attention to unresolved governance issues in Zambia, warning that delays and inefficiencies continue to undermine efforts to strengthen accountability, transparency, and inclusivity.

Hakoola warned that the absence of a clear and inclusive roadmap for the process risks eroding public trust.

“CLRI urges the government to prioritize this issue, ensuring the process is consultative, transparent, and reflective of the will of the Zambian people,” he said.

He also criticised the delay in appointing the Anti-Corruption Commission (ACC) Board, noting that it undermines Zambia’s anti-corruption efforts and economic stability.

“Corruption erodes public trust, hampers development, and exacerbates inequality. The government must expedite the appointment of a competent and independent board to strengthen the fight against corruption,” Hakoola added.

Addressing youth and women’s underrepresentation in decision-making, Hakoola emphasized the need for deliberate measures to boost inclusivity.

“A governance system reflecting Zambia’s diversity requires active participation from youth and women in public office and policymaking,” he said.

The CLRI also expressed alarm over restrictions on fundamental freedoms, including freedom of expression, assembly, and the press.

“A democratic society thrives when these rights are protected. The government must ensure that citizens can participate freely in governance without fear of repression,” Hakoola stated.

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Nigeria’s future is very bright, we’ll overcome challenges, VP Shettima says

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Nigeria’s Vice President, Kashim Shettima, has expressed his belief and optimism that the future of the country is very bright despite a myriad of economic and security challenges facing the nation.

Shettima, who expressed his hopes in a Christmas message, reaffirmed the commitment of the President Bola Tinubu-led administration to economic transformation, national security, and the overall well-being of all citizens.

Shettima assured Nigerians that Tinubu was resolute and was working assiduously to tackle critical issues such as security and economic challenges, as the country prepares for the coming year.

“As we approach a new year, I want to reassure you that President Tinubu’s administration remains fully dedicated to improving the lives of all Nigerians,” the VP said.

“We are committed to tackling economic transformation and enhancing the welfare of every citizen,” he added, while emphasizing that Nigeria’s diversity as a strength, and called on Nigerians to use the festive period to strengthen unity across all regions and faiths, fostering a spirit of togetherness.

“Our nation’s greatest strength lies in its diversity. This holiday season offers us the perfect opportunity to strengthen the bonds of brotherhood that unite us,” he stated.

Shettima reiterated that the present administration will continue to prioritize national security and assured Nigerians of the continued vigilance of the country’s security forces, emphasising that security personnel would remain on high alert during the holiday period to ensure safety.

“Our brave security personnel will continue to work tirelessly to protect us. Enhanced security measures are in place to safeguard citizens during the festive season,” he said.

“I am filled with hope and optimism about Nigeria’s future. Together, we will build a more prosperous and united nation.

“To our young people, you are the backbone of our nation. The Renewed Hope administration is rolling out various initiatives to empower you, enabling you to thrive and contribute to Nigeria’s growth,” Shettima added.

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