• About Us
  • Contact Us
  • Privacy & Policy
Friday, July 11, 2025
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
Advertisement
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
No Result
View All Result

Minister of Information Confirms New UAE Conditions for Nigerians

Vincent Amadi by Vincent Amadi
March 14, 2025
in Economy
Reading Time: 2 mins read
A A
0
Minister of Information Confirms New UAE Conditions for Nigerians
Share on FacebookShare on TwitterShare on WhatsappShare on EmailShare on Telegram


Tougher times lie ahead for Nigerians as inflation has risen from 33.95% in May 2024 to 34.19% in June.
This increase of 0.24 percentage points highlights the persistent inflationary trend that has emerged since last year.
The National Bureau of Statistics (NBS), which released the statistics on Monday, said the increase was mainly due to the sharp increase in food prices, which rose to 40.87% year-on-year in June 2024, a massive increase of 15.62 percentage points.


The rise in food inflation was due to significant price increases in various categories such as cereals, tubers, oils, and fish products. Food inflation month-on-month stood at 2.55% in June 2024 compared to 2.28% in May 2024, an increase of 0.26 percentage points.
The increase is due to the continued rise in prices of staple foods such as oils, tubers, and fish. Food inflation averaged 35.35% for the year to June 2024, up 11.31 percentage points from 24.03% in June 2023.
This reflects the continued pressure on food prices over the past year. At the same time, overall year-on-year inflation was significantly higher at 34.19% in June 2024 than 22.79% in June 2023, up 11.40 percentage points.
On a monthly basis, overall inflation also increased slightly, declining to 2.31% in June 2024 compared to 2.14% in May 2024. This represents an increase of 0.17 percentage points in the average price level for the month.
In summary, the latest data from the NBS indicates that inflationary pressures, particularly in food prices, continue to weigh on the Nigerian economy, affecting private consumption and overall economic stability.


Meanwhile, the government assured Nigerians that food shortages are being addressed and prices of inputs will come down soon.
Minister of Agriculture, Aliyu Abdullahi, who made the revelation on television yesterday, admitted that “over the past few years we have not been taking our dry season agriculture seriously,” but noted that the ministry is acting on it.
He said prices of inputs would be brought down through some federal government programmes.
“You will see a lot of programmes trying to dampen [reduce prices] the situation,” he revealed.
“Agriculture has a time scheme. There’s a lot of production going on right now. It’s the rainy season now, and if you look at the fields you see a lot of cultivation going on. These crops are not food. In three months they will become food. So until then, this story you are talking about will continue
“We realized over the past few years that we have not been taking our dry season agriculture seriously,” he declared.
According to the NBS, food inflation has hit over 40 percent in the past few months, putting staple food prices out of reach for millions of Nigerians, while overall inflation stood at 34.19 percent as of June 2024.

Tags: businessnigeria
Vincent Amadi

Vincent Amadi

Related Posts

Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion
Economy

Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion

2 weeks ago
IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s
Economy

IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s

3 weeks ago
Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments
Economy

Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments

3 weeks ago
PETROAN kicks against Dangote’s petrol distribution strategy
Economy

PETROAN kicks against Dangote’s petrol distribution strategy

3 weeks ago

Leave a Reply Cancel reply

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

I agree to the Terms & Conditions and Privacy Policy.

NATIONS NEWS

Edo election: I can’t pretend what Supreme Court delivered is justice — Ighodalo
National

Edo election: I can’t pretend what Supreme Court delivered is justice — Ighodalo

9 hours ago
Ukraine’s drone strike hits Russian airbase targets
National

Security operatives neutralise 30 bandits in Katsina counter-attack

18 hours ago
Constituency Allowance: Legislative Member Rekindles Debate,  Admits Senators, House Members Receives N2b, N1b
National

Senate to criminalise electricity infrastructure vandalism and curb sabotage

18 hours ago
Ribadu Warns of Money Laundering, Drug Trafficking via Illegal Charter Operators
National

Nigeria is safer, better under Tinubu administration — NSA Ribadu

18 hours ago
Oyo Approves ₦7.7 Billion for Aircraft to Combat Banditry and Kidnapping
National

Oyo Approves ₦7.7 Billion for Aircraft to Combat Banditry and Kidnapping

1 day ago
FG to provide electricity to 300 million unserved people  — Adelabu
National

FG to provide electricity to 300 million unserved people  — Adelabu

2 days ago

POLITICS

ADC, APC woo Kwankwaso  ahead of 2027 elections

ADC, APC woo Kwankwaso  ahead of 2027 elections

2 days ago
Coalition’s ADC will collapse in 6 months — Daniel Bwala

Coalition’s ADC will collapse in 6 months — Daniel Bwala

2 days ago
Will the opposition coalition bring back fuel subsidy?  — Katsina Governor Radda

Will the opposition coalition bring back fuel subsidy?  — Katsina Governor Radda

2 days ago
PDP BoT member, Waziri, former Katsina PDP chairman, Uli, joins coalition’s ADC

PDP BoT member, Waziri, former Katsina PDP chairman, Uli, joins coalition’s ADC

3 days ago
Coalition’s ADC takes over of PDP structures in North East

2027 election: Presidency scheming to destroy our party — ADC alarms

3 days ago
Keyamo Praises Governor Mbah, Urges Professionalism in Enugu Air Launch

Keyamo Praises Governor Mbah, Urges Professionalism in Enugu Air Launch

3 days ago

YOUR ECONOMY

Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion
Economy

Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion

2 weeks ago
IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s
Economy

IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s

3 weeks ago
Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments
Economy

Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments

3 weeks ago
PETROAN kicks against Dangote’s petrol distribution strategy
Economy

PETROAN kicks against Dangote’s petrol distribution strategy

3 weeks ago
Dangote Refinery Begins Distribution of Petrol Nationwide
Economy

Dangote Refinery Begins Distribution of Petrol Nationwide

4 weeks ago
Nigeria Stock Exchange to Partner with Hong Kong’s Stock market
Economy

Nigeria Stock Exchange to Partner with Hong Kong’s Stock market

4 weeks ago

E & P

Napoli rejects Galatasaray €75m offer for Osimhen
Sports

Napoli rejects Galatasaray €75m offer for Osimhen

by Steven Atogi
9 hours ago
0

Super Eagles striker Victor Osimhen transfer drama has taken a new turn, as Napoli rejected a third bid from Turkish...

Oliseh Warns Osimhen Against Galatasaray Return, Urges Premier League Move

Oliseh Warns Osimhen Against Galatasaray Return, Urges Premier League Move

1 day ago
Just In: Osimhen agrees on personal terms with Galatasaray, rejects Al Hilal €75m bid

Just In: Osimhen agrees on personal terms with Galatasaray, rejects Al Hilal €75m bid

3 days ago
Breaking: Galatasaray submits €50m bid for Victor Osimhen

Breaking: Galatasaray submits €50m bid for Victor Osimhen

3 days ago
Chelsea Target Arsenal’s Ethan Nwaneri Amid Contract Talks

Chelsea Target Arsenal’s Ethan Nwaneri Amid Contract Talks

5 days ago
Arsenal Close In on Madueke Transfer After Agreeing Personal Terms

Arsenal Close In on Madueke Transfer After Agreeing Personal Terms

5 days ago

YOUR THOUGHT & HISTORY

El-Rufai Plans New Party as ADC Backup Against APC Interference
Columns

The Shadow Strategist: El-Rufai, the Illusion of Power, and 2027’s Looming Reckoning

by Odini Brains
4 days ago
Columns

Kidnapped, Silenced, Vindicated: The Full Impact of Kanu’s Judgment

by Odini Brains
2 weeks ago
The Emerging Kogi: Economic Growth Impact Transforming Better Reality
Columns

The Emerging Kogi: Economic Growth Impact Transforming Better Reality

by Kiikpoye Karibo
2 weeks ago
ON THE PUBLIC NUISANCE CALLED SOWORE
Opinion

ON THE PUBLIC NUISANCE CALLED SOWORE

by Kiikpoye Karibo
5 months ago
Data Visualizations
Columns

Five Key Considerations for Creating Effective Data Visualizations

by Blessing Chinyere Daniel
6 months ago

Who we are

Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history

Welcome to Umpire News, your go-to online newspaper dedicated to broadening perspectives and expanding the horizons of our numerous readers. Read more

Browse by Category

  • Columns
  • Economy
  • Editorial
  • Entertainment
  • International
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Trends

Recent News

Edo election: I can’t pretend what Supreme Court delivered is justice — Ighodalo

Edo election: I can’t pretend what Supreme Court delivered is justice — Ighodalo

July 10, 2025
Napoli rejects Galatasaray €75m offer for Osimhen

Napoli rejects Galatasaray €75m offer for Osimhen

July 10, 2025
  • About Us
  • Contact Us
  • Privacy & Policy

© 2024 Copyright Umpirenews. All rights reserved

No Result
View All Result
  • Home
  • National
  • Economy
  • Politics
  • Sports
  • Entertainment
  • Editorial
  • Opinion
  • Columns

© 2024 Copyright Umpirenews. All rights reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
🤑Join & Get Our Easter Gifts 🤑

Enter your NAME & Email NOW!!

Be among the 1st 100 lucky WINNERS to win our Amazing GIFTs this Easter Period as you READ our Daily hot NEWs & make meaningful comments and follow us on our social media handles.

Name
Enter your email address