• About
  • Advertise
  • Contact
Wednesday, September 17, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Economy

CPI Rebasing : Drop In Headline Inflation, Signs Of Better Things For Nigeria – TMSG

Vital News by Vital News
February 22, 2025
in Economy, News
0
Share on FacebookShare on Twitter

The Tinubu Media Support Group (TMSG) says the drop in headline inflation in Nigeria after the rebasing of the Consumer Price Index (CPI) is a sign of better things to come.

The group stated this in a statement signed by its Chairman Emeka Nwankpa and Secretary Dapo Okubanjo.

TMSG expressed optimism that the inflation rate which dropped to 24.48 per cent in January from the December figure of 34.80 per cent would dip further, in response to the economic reforms of President Bola Tinubu’s administration.

The statement said : ” With the rebasing of the Consumer Price Index (CPI) by the National Bureau of Statistics (NBS), Nigeria’s headline inflation for January now stands at 24. 68 per cent.

“This is a 10.4 per cent drop from the December inflation figure.

RelatedStories

President Tinubu Returns To Abuja

Anti-graft Group, YPU, Decries Disrepair State Of Hospitals, Roads In Yobe In spite Alleged Release Of N1 trillion

President Tinubu Cuts Short Vacation Trip To France, Returns To Abuja Tomorrow, September 16

FG Approves Establishment Of Appeal Court In Abeokuta, Abiodun Assures Judicial Officers Of Support

“This for us is a true reflection of the consumption pattern especially as the base year used by NBS is 2024, unlike the 2009 base that had been in use before now.

“It is instructive that the Statistician General of the Federation, Mr. Adeyemi Adeniran was emphatic that the rebased inflation figure does not mean a general decline in price level but we invite Nigerians to note that, in the last few weeks, there has indeed been a drop in food prices in many parts of the country.

“There are clear indications of this in several states including Kano, where market leaders are reporting that prices of essential commodities like rice, flour, milk, beans, and spaghetti have crashed by over 40 per cent as a result of Federal Government’s intervention.

“What many people do not realize is that the 150-day, duty-free food import window approved by President Tinubu has just begun with Nigeria receiving the first shipment of 32,000 tons of brown rice from Thailand in January.

“The shipment which is the first of its kind in a decade is in the aftermath of the country’s decision to implement a zero-duty regime on wheat, corn, rice, and other food crops last year as part of an interim plan to curb rising food inflation.

“We also need to add that the food imports are to be subjected to what the authorities have described as Recommended Retail Price (RRP).

“TMSG is also convinced that ongoing government policies will lead to a further dip in the inflation rate in the coming months.

“We are encouraged that the naira has been stable in recent months as a result of tighter monetary policies aside from the increase in oil production.

“Our optimism is further buoyed by the projection of various rating agencies and analysts including Agusto & Co and PWC which, even before the CPI rebasing, had envisaged a significant decline in headline inflation in 2025 as a result of sustained government reforms which are yielding fruits,” it added. (vitalnewsngr.com)

Tags: declinefoodheadlineinflationPrices
Previous Post

Pioneer Director-General Of NBC, Dr Tom Adaba Dies At 84

Next Post

Oluyin Of Iyin Ekiti Thanks President Bola Tinubu For University Establishment

Vital News

Vital News

RelatedStories

President Tinubu  Returns To Abuja
National

President Tinubu Returns To Abuja

September 16, 2025
Anti-graft Group, YPU, Decries Disrepair State Of Hospitals, Roads In Yobe In spite Alleged Release Of N1 trillion
Crime

Anti-graft Group, YPU, Decries Disrepair State Of Hospitals, Roads In Yobe In spite Alleged Release Of N1 trillion

September 16, 2025
President Tinubu Cuts Short Vacation Trip To France, Returns To Abuja Tomorrow, September 16
National

President Tinubu Cuts Short Vacation Trip To France, Returns To Abuja Tomorrow, September 16

September 15, 2025
FG Approves Establishment Of Appeal Court In Abeokuta,  Abiodun Assures Judicial Officers Of Support
Judiciary

FG Approves Establishment Of Appeal Court In Abeokuta, Abiodun Assures Judicial Officers Of Support

September 15, 2025
How Our Refinery Ended 50 Years Of Fuel Queues In Nigeria – Dangote
Economy

How Our Refinery Ended 50 Years Of Fuel Queues In Nigeria – Dangote

September 15, 2025
Next Post
Oluyin Of Iyin Ekiti Thanks President Bola Tinubu For University Establishment

Oluyin Of Iyin Ekiti Thanks President Bola Tinubu For University Establishment

NDLEA Arrests Thai Lady While Attempting To Smuggle 46.60kg Illicit Drugs Into Nigeria

NDLEA Arrests Thai Lady While Attempting To Smuggle 46.60kg Illicit Drugs Into Nigeria

Pioneer Director-General Of NBC, Dr Tom Adaba Dies At 84

Governor Ododo Mourns Passing Of Dr Tom Adaba, Pioneer DG Of NBC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

2023 Elections : Nigerians cannot afford to get it wrong – Dino Melaye

3 years ago
Abuja Chief Pharmacist Sentenced To Life Imprisonment For Rape/Sodomy, NAPTIP Lauds Judiciary

Lagos Man To Die By Hanging For Killing 7 DSS Officers

2 years ago
Go After Terrorists, Restructure Nigeria Now – Afenifere Urges Tinubu

President Tinubu Appeals To Sponsors Of Protest To Shelve Plan

1 year ago
Abia State Records First Case Of Monkeypox

Stakeholders Pledge $1bln To Combat Mpox — CDC Says

12 months ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

NNPCL GCEO, Ojulari Calls For Stronger African Collaboration To Achieve Energy Security

President Tinubu Cuts Short Vacation Trip To France, Returns To Abuja Tomorrow, September 16

FG Approves Establishment Of Appeal Court In Abeokuta, Abiodun Assures Judicial Officers Of Support

How Our Refinery Ended 50 Years Of Fuel Queues In Nigeria – Dangote

Dangote Industries Ltd. Expresses Readiness To Sponsor 2025 Abuja Trade Fair

Kogi, Hunan Partnership Agreement Implementation Commences With Agric Exchange Programme

Trending

President Tinubu  Returns To Abuja
National

President Tinubu Returns To Abuja

by Vital News
September 16, 2025
0

President Bola Ahmed Tinubu on Tuesday evening arrived Abuja from Paris, ending his working vacation. He was...

Anti-graft Group, YPU, Decries Disrepair State Of Hospitals, Roads In Yobe In spite Alleged Release Of N1 trillion

Anti-graft Group, YPU, Decries Disrepair State Of Hospitals, Roads In Yobe In spite Alleged Release Of N1 trillion

September 16, 2025
Dangote Denies Ownership Of Truck Involved In Enugu Accident

Your Allegation Of Cheaper Petrol Sales In Togo Misleading, Inaccurate – Dangote Refinery To DAPPMAN

September 16, 2025
NNPCL GCEO, Ojulari Calls For Stronger African Collaboration To Achieve Energy Security

NNPCL GCEO, Ojulari Calls For Stronger African Collaboration To Achieve Energy Security

September 16, 2025
President Tinubu Cuts Short Vacation Trip To France, Returns To Abuja Tomorrow, September 16

President Tinubu Cuts Short Vacation Trip To France, Returns To Abuja Tomorrow, September 16

September 15, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • President Tinubu Returns To Abuja September 16, 2025
  • Anti-graft Group, YPU, Decries Disrepair State Of Hospitals, Roads In Yobe In spite Alleged Release Of N1 trillion September 16, 2025
  • Your Allegation Of Cheaper Petrol Sales In Togo Misleading, Inaccurate – Dangote Refinery To DAPPMAN September 16, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In