Nigeria’s Inflation drops to 23.18% in February 2025
The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate eased to 23.18 per cent in February 2025. The drop, according to NBS, was due to the drop in the prices of some food items, including beans, maize, cassava, among others. In its Consumer Price Index (CPI) and Inflation Report for February 2025, which […]
President Dr Julius Bio Decries $50 billion on Annual Food Importation
The President of Sierra-Leone, Dr Julius Bio, has decried the sum of 50 billion US dollars being expended on food importation annually by African countries. Bio, while speaking at the International Institute of Tropical Agriculture (IITA) on Day 3 of his visit to Nigeria, said food items being imported by these countries could be grown […]
FG orders NCS to return confiscated food items to owners
President Bola Tinubu has directed the Nigeria Customs Service (NCS) to return food items that were confiscated at border communities to their owners on the condition that they would be sold in the Nigerian markets to boost food sufficiency. Comptroller General of the NCS, Adewale Adeniyi, who disclosed this during an interface with residents of […]
FG uncovers 32 routes through which food items are smuggled out of the country
The Federal Government says it has uncovered 32 routes through which food items are smuggled out of the Country. Addressing a conference on Public Wealth Management held in Abuja yesterday, President Bola Tinubu represented by Vice President Kashim Shettima, said on the midnight of Sunday, 45 trucks loaded with maize were intercepted while making their […]