Author

Khadijat Kareem

Economy

#ChartoftheDay: Nigeria’s Inflationary Trend Movement (2020-2021)

Nigeria’s inflation rate continues to decline according to the CBN inflation data. The headline inflation rate as of October 2021 stands at 15.99%, maintaining a steady decline from March 2021 when it was 18.17%. The food inflation rate and core inflation rate stand at 18.34% and 13.24% respectively of October 2021.

Latest Reports

#ChartoftheDay: Nigeria’s Debt Burden

Nigeria presently owes a total of N35.5 trillion according to the report published by the Debt Management Office (DMO) as of June 2021. Of this sum, N13.7 trillion is the total external debt and N21.8 trillion is the total domestic debt.

Latest Reports

#ChartoftheDay: Top 10 States with the Poorest People

According to the National Bureau of statistics’ Poverty and inequality report of 2019, these 10 states have the highest number of poor people in Nigeria, ranked according to the poverty headcount rate. The poverty headcount rate is the percentage of the population living below the poverty line according to national standards.