The World Bank on Tuesday advised the Nigerian government to adopt holistic structural reforms in its national development drive as a strategic option of lifting millions of Nigerians out of the poverty line and guaranteeing sustainable, people-oriented development in the country in the years ahead. The World Bank, in its just published report titled ‘A […]
Apparently impressed by the improvements recorded by the National Bureau of Statistics (NBS)in Nigeria’s national statistical system in recent years, the Federal Government and the National Assembly have promised to continue to support the agency with more funds and other needs to sustain the standardization trajectory of the nation’s statistical data production and dissemination in […]
Nigeria’s Consumer Price Index (CPI), which measures the inflation rate in the economy, decelerated for the seventh consecutive month in October 2021, sliding to 15.99 percent from the16.63 percent rate recorded in the preceding month. Briefing the media on the latest inflation figures on Monday in Abuja, Statistician General of the Federation and Chief Executive […]
The National Bureau of Statistics (NBS) has reported that Nigerians’ household expenditures rose to N54.84 trillion in nominal terms in the first half of 2021, representing a 13.7% increase when compared to N48.22 trillion recorded in the corresponding period of 2020. The agency, in its latest ‘Expenditure and Income GDP report, however, disclosed that the […]
The Centre for the Study of Economies of Africa (CSEA), a leading research think-tank on economic development trends in Africa, has advised the Federal Government to encourage public-private investments in the nation’s rail transportation system through appropriate policies to grow the economy. The research firm, in its latest Nigeria Economic Update Issue No 37 sourced […]
The National Bureau of Statistics (NBS) on Wednesday reported that Nigeria’s All- products terms of trade (TOT) index decreased by 0.35 per in the second quarter (Q2) of the year. The official statistics producing agency attributed the marginally decline to drops in the prices of live animals, animal products, wood and articles of wood; wood […]
A new report by the United Nations Development Programme (UNDP) Nigeria and the National Bureau of Statistics (NBS), released this Tuesday indicated that 20 percent of Nigeria’s full-time workforce lost employment during the COVID-19 pandemic in 2020. The report, which assesses the impact of COVID-19 on business enterprises in Nigeria, is based on in-depth interviews […]
Nigeria’s Consumer Price Index (CPI), which measures inflation rate dropped to 17.01 percent in August, representing the fifth consecutive month of sliding trend in the general price level of the economy. The National Bureau of Statistics (NBS), the nation’s official statistics producing and reporting agency, in its report titled, ‘Consumer Price Index Report for August’, […]