The Biggest Black Nation on Earth: Nigeria’s Inflation Hits 27.33% As Food Prices Rise
(005875.811-:E-000062.43:N-AC:R-SU:C-30:V)
Food inflation rate quickened to 31.52% in October, the NBS said.
Nigeria’s annual inflation rate rose to 27.33 per cent in October from 26.72 per cent in the previous month, the National Bureau of Statistics (NBS) said Wednesday.
The statistics office said the October 2023 headline inflation rate showed an increase of 0.61 per cent points when compared to the September 2023 headline inflation rate.
The NBS said on a year-on-year basis, the headline inflation rate was 6.24 per cent points higher compared to the rate recorded in October 2022, which was (21.09 per cent).
"This shows that the headline inflation rate (year-on-year basis) increased in October 2023 when compared to the same month in the preceding year (i.e., October 2022)," it said.
According to the report, the food inflation rate in October quickened to 31.52 per cent on a year-on-year basis, which was 7.80 per cent points higher compared to the rate recorded in October 2022 (23.72 per cent).
In recent years, food prices have been on the rise across Nigeria. The situation deteriorated due to the impact of government policies such as the removal of subsidies on petrol, among others.
President Bola Tinubu on 29 May during his inauguration, announced the removal of subsidy on petrol. This development has caused hardship for many Nigerians with its attendant increase in the prices of goods and services.
Over the past months, the naira has depreciated by over 50 per cent at both the authorised and unauthorised market segments, after the Central Bank of Nigeria (CBN) announced in June that it had collapsed all forex windows into the Investors and exporters (I&E) window.
Inflation has remained high in Africa’s largest economy, prompting the apex bank to hike interest rates to their highest levels in nearly two decades.
In July, Mr Tinubu declared an immediate State of Emergency on food insecurity to tackle the increase in food prices.
He also directed that "all matters pertaining to food & water availability and affordability, as essential livelihood items, be included within the purview of the National Security Council."
Source: https://allafrica.com/stories/202311150415.html
Video: More scientific proof that IQ is in hereditary - Jews lie for their Survival
I look at recent scientific evidence to see what scientists know about IQ. The Liberals/Jews and other scum like to pretend that IQ is NOT hereditary. They try by any means to misdirect whites away from this direction. But what does Science say exactly? Scientists have suspected for long that IQ is mainly hereditary. But if you believe things are hereditary, then you‘re heading down the path of ‘Scientific Racism‘ which is something Liberal/Jews do NOT like!
Video & Audio: What are the biggest FAULTS and WEAKNESSES of the Race?
After a LOT of thought, for a long period of time, these are my thoughts on our biggest faults and weaknesses as a race. As far back as 2022, I was giving this a lot of thought for a video. You might be surprised by my conclusions.
Video: IMPORTANT: Trump did something AMAZING! The Role of Israel in the assassination of JFK
This is incredible. I can hardly believe this. This is astounding.
