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Nigeria’s Inflation Drops To 15.06% As Price Pressures Ease.
Nigeria’s headline inflation rate declined slightly to 15.06 per cent in February 2026, according to the latest Consumer Price Index report released by the National Bureau of Statistics.....KINDLY READ THE FULL STORY HERE▶
According to Nivo News, the new figure represents a marginal decrease of 0.04 percentage points compared to the 15.10 per cent recorded in January 2026. The report indicates that while inflation eased marginally on a year-on-year basis, the cost of goods and services rose more rapidly when measured month-to-month.
Data from the statistics agency also revealed that the current inflation figure is significantly lower than the rate recorded in the same period last year. The February 2026 rate stands 11.21 percentage points below the 26.27 per cent posted in February 2025, suggesting a gradual moderation in inflationary pressures compared to the sharp spike experienced in the previous year.
However, the report noted that price increases accelerated on a monthly basis. Headline inflation for February stood at 2.01 per cent month-on-month, marking a 4.89 percentage-point rise from the –2.88 per cent recorded in January 2026. This indicates that the pace at which average prices increased in February was higher than the rate observed the previous month.
The report further showed that food inflation declined year-on-year, dropping to 12.12 per cent in February 2026, a 14.86 percentage-point reduction from the 26.98 per cent recorded in February 2025.
Despite the yearly drop, food prices experienced a sharp increase on a month-to-month basis. Food inflation rose to 4.69 per cent in February 2026, representing a 10.70 percentage-point increase compared to –6.02 per cent recorded in January 2026.
The agency attributed the rise in monthly food inflation to increased prices of several commodities, including beans, carrots, okazi leaves, cassava tubers, crayfish, millet flour, yam flour, snails, dried ogbono, and cowpeas.
The statistics body also disclosed that the average annual rate of food inflation for the 12 months ending February 2026 stood at 19.08 per cent, reflecting a decline of 18.31 percentage points from the 37.40 per cent recorded in February 2025. The development indicates a gradual easing in food price pressures over the past year, even though short-term fluctuations continue to influence the cost of staple food items across the country.
Kaduna State Governor, Uba Sani, says the state has mapped out 22,435 hectares of degraded land for restoration under the Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) project using modern geospatial mapping technology.....KINDLY READ THE FULL STORY HERE▶
He said the initiative is part of efforts to strengthen climate resilience, tackle environmental degradation, and promote sustainable land use in the state.
Speaking at the ACReSAL mid-term review meeting in Kaduna through the Commissioner for Environment and Natural Resources, Abubakar Buba, the governor explained that the use of geospatial tools has made it possible to accurately identify affected areas for targeted intervention.
He added that the project is not only focused on land recovery but also on boosting agricultural output and improving livelihoods in affected communities.
Sani also noted that the state is supporting the programme with empowerment initiatives, including training over 500 women, youths, and school feeding vendors in biomass briquette production.
According to him, the effort is already helping to reduce dependence on firewood while creating alternative sources of income for beneficiaries.
President Tinubu has given full backing for the implementation of the ₦68.32 trillion 2026 budget after signing the Appropriation Bill passed by the National Assembly into law.....KINDLY READ THE FULL STORY HERE▶
He also approved an amendment extending the lifespan of the 2025 budget from March 31 to June 30, 2026, to ensure completion of ongoing capital projects nationwide.
Under the 2026 fiscal plan, ₦4.799 trillion is set aside for statutory transfers, ₦15.8 trillion for debt servicing, ₦15.4 trillion for recurrent spending, while ₦32.2 trillion goes to capital projects—about half of the total budget.
The focus, according to the administration, is on infrastructure development, security, and growth-driven investments aimed at improving living standards.
Speaking on the development, presidential aide Bayo Onanuga said the extension of the 2025 budget will help ensure full use of allocated funds, especially for major ongoing projects.
Tinubu directed all ministries, departments, and agencies to ensure transparency, discipline, and value-for-money in implementing the budget, while praising the National Assembly for its swift passage of the bill.
He also reaffirmed his administration’s commitment to economic reforms, revenue growth, job creation, and social welfare improvements.
The Peoples Democratic Party (PDP) in Kwara State has described moves to prosecute former Senate President Bukola Saraki and former Governor Abdulfatah Ahmed over alleged culpable homicide as an attempt to reopen the 2018 Offa robbery tragedy for political purposes.....KINDLY READ THE FULL STORY HERE▶
In a statement on Friday, the party’s spokesperson, Olusegun Adewara, said the development is a disturbing and dangerous politicisation of a case they claim has already been addressed through judicial processes.
He warned against dragging the state into fresh tension, accusing the state government of attempting to revive old allegations for political advantage.
Adewara said the PDP would not remain silent while what he called “political narratives” are used to influence public perception around a tragic incident that claimed multiple lives in Offa in 2018.
He also urged residents, especially affected families, not to allow their pain to be used for political gains, insisting it is unjust to associate Saraki with the crime.
The party further alleged that the move is aimed at distracting attention from governance challenges in the state.
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