Tag: NATIONAL BUREAU OF STATISTICS
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Food Inflation: Nigerians spend over half their earnings on food – Survey
A recent analysis of global consumer spending patterns across countries has revealed that Nigerians allocate a substantial portion of their earnings to food, surpassing many other nations in grocery spending. Despite gaining the status of a lower-middle income economy in 2014, Africa’s biggest economy with an estimated gross domestic product (GDP) of $441 billion and…
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2023: I’ll lift 130 million Nigerians out of poverty – Peter Obi
The presidential candidate of Labour Party, Mr Peter Obi, has promised to lift 130 million people out of poverty should he get the mandate to lead Nigeria in next year’s [residential election in the country. Obi made this comment while speaking at the NKST Synod in Mkar, Gboko Local Government Area (LGA) of Benue State.
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Only Kogi, Lagos, two others attracted investment in Q2 2022 – NBS
Out of the 36 states if Nigeria and the Federal Capital Territory FCT), only Kogi, Lagos, Abuja, Anambra, and Ekiti States recorded capital inflows in the second quarter of 2022. This is contained in a Foreign Direct Investment data released by Nigeria’s National Bureau of Statistics, NBS on Wednesday, a copy of which was made…
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Inflation rate in Nigeria hits 15.92%
Urban inflation rate increased to 16.44 percent year-on-year in March 2022
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Kerosene, cooking gas prices increase in August – NBS
The National Bureau of Statistics (NBS) says the average price per litre paid by consumers for household kerosene increased to N400.01 in August from N397.34 in July. A report obtained from the NBS’s website on Friday, said the kerosene price increased by 0.67 per cent month-on-month and by 15.43 per cent year-on-year in the period…
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Nigeria’s unemployment rate increases to 27.1% -NBS
The National Bureau of Statistics has released statistics on the country’s unemployment rate. The bureau of statistics noted that after a 20-month interval, the unemployment rate rose to 27.1 per cent in the second quarter of 2020 from the 23.1 per cent recorded in Q3 2018. The NBS made this known via its ‘Labor…