Make Good Money With E-Boss...

March 14, 2017

First Time in 15 Months, Inflation Rate Drops to 17.78% in Nigeria

Nigerians say VP Yemi Osinbajo performed well as acting president. The result is out to prove that he indeed did his best for the period that Osinbajo was in charge of the country as acting president.

The National Bureau of Statistics (NBS) on Tuesday released the Consumer Price Index which measures inflation rate with the index dropping from 18.72 per cent in January to 17.78 per cent in February.

The drop in the inflation rate by 0.94 percentage points according to the NBS report is the first time in 15 months that the country would see a reduction in inflation rate.

The report said the drop was attributed to slow increase recorded in food prices and other divisions.

“On a Headline basis, the Consumer Price Index (CPI) which measures inflation increased by 17.78 percent (year-on-year) albeit at a slower pace in February 2017, 0.94 percent points lower from the rate recorded in January (18.72) percent,” NBS said on Tuesday.

Since after Olusegun Obasanjo left government in 2017, inflation has been going up.

18 comments:

okorochas justin said...

Better Nigeria I pray...

Nasiru Adoke said...

a good news atleast for the 1st time in a long time..we hope to see and hear more good news,thanks to osinbanjo for a job welldone

Rosemary Ezeji said...

Welldone Osibanjo

Rasheed Lawal said...

Good News, but I think I there is mistake in this information at the end conclusion line

inumidun said...

Gud 2 know..

Sunshow said...

Great news. Hardwork paying off.

Anonymous said...

That's the work of the holyspirit! Pastor Oshibajo ruled in those 50 days prayerfully. He is a man of God. Very intelligent lecturer. I knew him since my university says at the faculty of law lasu.

Hassan Aderemi said...

Thank God PYO is part of PMB led government, we hope they work together to further drop inflation rate in the country.

abdulrasaq abdulrafii said...

Kudos VP you really try

Ademola Adunola said...

Thank God we are getting there

Austine Gabriel said...

Good job

Queen Abiodun Ogunnika said...

This is great

godwin progragrammer said...

he did very well o.

I. C Bruno said...

I pray for deflation

Emitee said...

Kudos to the prof

Harbolarkale Niyi said...

It's well

Oladimeji Seun said...

Thank God, reflection of good work from the VP.

Olisayemk said...

Thumps up to our hard working VP

10% Discount if You Book A Hotel on Jumia Travel. PROMO Code = Olufamous10