NBS

Retail Price For Petrol Jumps To ₦172.61 In April – NBS

May 18, 2022 1:32 pm

Reports by the National Bureau of Statistics (NBS) have forcasted that the average retail price which is being remitted by consumers for Premium Motor Spirit (Petrol) has jumped to N172.61 as of April 2022.

This information was contained in the NBS Premium Motor Spirit (Petrol) Price Watch for April 2022 and made available in Abuja on Tuesday.

Read Also: How Nigeria’s GDP Grew By 3.98% In 2021 Q4 – NBS

It said that the increase indicates a 3.74 percent increase when compared to the value recorded in April 2021 at ₦166.38.

“Likewise, on a month-on-month basis, the average retail price

…

40% Of Nigerian Youths Jobless; Restless Angry — Adesina

March 1, 2022 4:45 am

The President of African Development Bank, AfDB, Dr. Akinwumi Adesina, has decried the high rate of joblessness among Nigerians at the moment, asserting that about 40 per cent of youths were unemployed.

Adesina, who made this disclosure on Monday at a lecture in Lagos, pointed out that the youths were discouraged, angry and restless, as they look at a future that does not give them hope.

In the lecture, titled, ‘Nigeria – A Country of Many Nations: A Quest for National Integration‘, Dr. Adesina , however, said all hope was not lost as youths have a vital …

How Nigeria’s GDP Grew By 3.98% In 2021 Q4 – NBS

February 17, 2022 3:00 pm

The National Bureau of Statistics (NBS) on Thursday revealed that Nigeria’s GDP grew by 3.98% in Q4 2021, sustaining a positive trajectory over the period.

A report by the NBS which was obtained by Africa Daily News, New York on Thursday read; ‘Nigeria Gross Domestic Product (GDP) grew by 3.98%(year-on-year) in real terms in the fourth quarter of 2021, showing a sustained positive growth for the fifth quarter since the recession witnessed in 2020 when output contracted by -6.10% and -3.62% in Q2 and Q3 of 2020 under the COVID pandemic. The fourth-quarter growth indicates a steady economic recovery accounting …

More Trouble For Nigeria As Inflation Rate Hits 18.17%

April 15, 2021 11:54 pm

Nigeria’s economic woes are far from over as the National Bureau of Statistics (NBS), yesterday announced that the inflation rate has risen to 18.17 percent in March 2021.

The new rate is 0.82 percent higher than the 17.33 per rate it was as at February 2021.

Its data titled: ‘Consumer Price Index March 2021(Base Period December 2009=100)’.

According to the document said: ‘The consumer price index, (CPI) which measures inflation increased by18.17percent (year-on-year) in March 2021.

‘This is 0.82 percent points higher than the rate recorded in …

Comments On Unemployment: Presidency Attacks Atiku

March 29, 2021 12:49 am

Former Nigerian Vice President Atiku Abubakar, was on Sunday attacked by the Presidency over his comments on the unemployment situation in the country which statistics have shown was the worst in the world.

The presidency reacting to those comments made by Atiku declared that he is part of the rot the nation has become.

The Presidency frowned at Atiku’s stance that Nigeria’s unemployment figures were huge and for saying that Nigeria is fast degenerating to a failed state.

According to Atiku, ‘I have never felt so bad at being proven right, as I am by the report from Bloomberg Business

…

Over 82 Million Nigerians Are Poor – NBS Reports

May 4, 2020 1:14 pm

The National Bureau of Statistics (NBS) has said that more than 82.9 million Nigerians are poor by national standards.

NBS made this known in its report on Poverty and Inequality in Nigeria 2019, released on Monday.

It explained that the figure showed that 40.1 percent of total population were classified as poor, adding that in other words, an average four out of 10 individuals in Nigeria had real per capita expenditures below ₦137,430.00 per year.

This means monthly income of an individual in this category is less than ₦11,500 while income per day is ₦38.00