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Nigerians Still Struggling Amid High Food Costs Despite Inflation Drop
The National Bureau of Statistics (NBS) recently announced that Nigeria’s inflation rate dropped to 23.18% in February 2025 from 23.51% in the previous month. While government officials and supporters welcomed the news as a sign of economic recovery, many Nigerians continue to face high food prices and increasing transportation costs, making basic necessities challenging to afford.....KINDLY READ THE FULL STORY HERE▶
In his Ramadan message, President Bola Tinubu expressed optimism, stating that his administration’s policies are yielding positive results, with a gradual stabilization of the foreign exchange rate and a reduction in food prices. However, Naija News investigations reveal that, although some food items are now cheaper than in December 2024 and January 2025, prices remain significantly higher compared to when President Tinubu assumed office.
Food Price Comparison:
- A bag of rice: ₦70,000 – ₦75,000 (previously ₦82,000 – ₦85,000)
- A bag of beans: ₦80,000 – ₦85,000 (previously ₦102,000)
- A tuber of yam: ₦3,000 (previously ₦4,000 – ₦5,000)
- A bag of garri: ₦38,000 – ₦40,000 (previously ₦48,000)
- 25 liters of palm oil: ₦48,000 (previously ₦60,000)
- 25 liters of groundnut oil: ₦60,000 (previously ₦90,000 – ₦100,000)
Despite the slight reduction in prices, many commodities remain unaffordable, leading to skepticism regarding the official inflation data, as it does not translate into noticeable economic relief.
Reasons for Persistently High Food Prices Speaking to Naija News, Global Affairs Analyst Gbenga Onifade explained that, despite the decline in inflation, the cost of food remains high due to market dynamics and economic uncertainty. Onifade noted that traders often maintain high prices as they anticipate potential future increases. Furthermore, Nigeria’s persistent security challenges and supply chain disruptions contribute to the price stagnation.
Addressing the Root Causes of Inflation Onifade emphasized the need for long-term solutions, including policy reforms and investment in agriculture. He acknowledged recent government palliatives but stressed that short-term financial aid alone would not resolve underlying economic issues. Strengthening infrastructure and providing farmers with financial support are crucial steps toward stabilizing food prices.
While the NBS data indicates economic improvement, most Nigerians are yet to experience meaningful relief. Addressing the root causes of inflation remains essential to bridging the gap between official statistics and everyday realities.
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“THE REBELLION IS ON: Man City Declares Total War On Premier League Chiefs Over Landmark Decision!”
The Appeal: Manchester City has officially filed a comprehensive appeal challenging the findings of the Premier League Commission following its recent disciplinary decision.....KINDLY READ THE FULL STORY HERE▶
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Filing Timeline and Claims: The club confirmed submitting the appeal at 7:00 PM on Thursday, October 1, 2026, describing the commission’s opinion as unsafe and containing clear material errors of law, principle, and fact while maintaining its complete innocence.
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The Verdict Details: The independent commission previously found City guilty of financial breaches between the 2009-10 and 2017-18 seasons—including arranging sham contracts to disguise over 830 million pounds in secret funding—as well as failing to fully cooperate with the investigation.
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Club and Leadership Response: City expressed surprise and disappointment at the verdict, insisting that comprehensive evidence supports their defense, though public comments remain limited due to ongoing proceedings. Chairman Khaldoon Al Mubarak and CEO Ferran Soriano expressed confidence in proving the club’s innocence.
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Pep Guardiola’s Support: Former manager Pep Guardiola reaffirmed his unwavering backing for the club, ownership, staff, and supporters in a social media statement, declaring that they will get through the challenge together.
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3. “Donald Duke is Better Than All Of Them”: Baba-Ahmed Explains Why PRP Is Shaking Up The 2027 Race!
The National Chairman of the People’s Redemption Party (PRP), Dr. Hakeem Baba-Ahmed, has asserted that the party is exceptionally fortunate to feature former Cross River State Governor, Donald Duke, as its presidential candidate for the upcoming 2027 general elections.....KINDLY READ THE FULL STORY HERE▶
A Strong Endorsement for Donald Duke
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Surpassing Competitors: Speaking during an interview, Baba-Ahmed confidently stated that, candidate for candidate, Donald Duke outperforms all other presidential contenders currently in the political space.
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Integrity and Capability: He described Duke as part of a visionary leadership blueprint aimed at thinking critically, restoring national dignity, exhibiting true integrity, and offering young Nigerians a leadership style they can genuinely look up to.
The Strategic Push for an Opposition Coalition
Despite possessing what he considers the superior candidate, Baba-Ahmed explained why the party is actively championing a broader political alliance:
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Consensus Over Ego: The PRP chairman emphasized that the party’s push for a mega-coalition is driven by consensus and constitutional processes rather than forcing Duke’s candidacy through on profile strength alone.
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Defeating Fault Lines: Framing the 2027 election as a critical turning point for the nation, Baba-Ahmed noted that the stakes go far beyond individual party ambitions. The coalition aims to unite likeminded opposition forces to rescue Nigeria from its current trajectory and bridge its deep fault lines.
Norway national team manager Ståle Solbakken has firmly denied allegations that Manchester City pressured him to shield star striker Erling Haaland from questions concerning the club’s financial breach case during international duty.....KINDLY READ THE FULL STORY HERE▶
Media reports had previously claimed that club officials intervened behind the scenes to restrict Haaland’s media exposure. However, speaking to TribalFootball, Solbakken rejected these accusations entirely, emphasizing that Manchester City had no influence over his handling of media duties. He noted that the last time he ever discussed media matters with the club was during Haaland’s transition from Borussia Dortmund to Manchester City.
Key Highlights from Solbakken’s Statement
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Solbakken labeled the rumors a “lie,” stating that such claims compromise his personal integrity and his commitment to honesty with the national team.
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The manager clarified that the choice to exempt Haaland from specific media obligations was entirely his own decision, made without informing or consulting either Haaland or Manchester City.
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Expressing frustration over persistent club-level controversies overshadowing international windows, Solbakken urged journalists to focus on Haaland’s athletic performance on the pitch rather than fabricated cover-up stories.
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