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BREAKING: Nigeria’s Inflation Hits 13.22%, Posts Biggest Monthly Increase

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The nation’s inflation rate has recorded its biggest increase so far this year, rising to 13.22 percent in August, the National Bureau of Statistics said on Tuesday.

The 13.22 percent inflation rate is the highest since April 2018, the NBS data showed.

The NBS, in its latest consumer price index report, said, “The consumer price index, which measures inflation increased by 13.22 percent (year-on-year) in August 2020. This is 0.40 percent points higher than the rate recorded in July 2020 (12.82 percent).

“On a month-on-month basis, the headline index increased by 1.34 percent in August 2020. This is 0.09 percent higher than the rate recorded in July 2020 (1.25 percent).”

The composite food index rose by 16 percent in August, compared to 15.48 percent in July, according to the statistics office.

“This rise in the food index was caused by increases in prices of bread and cereals, potatoes, yam, and other tubers, meat, fish, fruits, oils and fats and vegetables,” it added.

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NAFDAC Shuts Down N50 Million Worth Counterfeit Cosmetics Manufacturing Facility In Lagos

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The National Agency for Food and Drug Administration and Control (NAFDAC) has successfully shut down an illegal cosmetics manufacturing facility located at Benue Plaza, Trade Fair Complex, Lagos State.

This significant enforcement operation targeted counterfeit products.

In a post shared on X (formerly Twitter), NAFDAC revealed that its officers discovered large quantities of unregistered chemicals, expired products, and packaging materials intended for the production of fake cosmetics during the raid.

The operation resulted in the seizure of over 1,200 cartons of counterfeit goods from the location. Alarmingly, expired cosmetics were being revalidated for sale, raising serious concerns about consumer safety.

The agency also confiscated equipment used in the illicit manufacturing process, such as mini-mixing containers, unlabelled chemicals, batch coding materials, and thinners.

These materials were transported to NAFDAC’s office for further investigation. The agency estimates the street value of the confiscated goods at approximately N50 million.

NAFDAC has reiterated its commitment to protecting public health by clamping down on illegal and unregulated products in the Nigerian market.

In a statement, the agency urged consumers to exercise caution when purchasing cosmetics, particularly from unverified sources, and to report any suspicious products to NAFDAC for further action.

This operation underscores NAFDAC’s ongoing efforts to combat the production and distribution of counterfeit goods, which pose significant risks to public health and safety.

The agency has emphasized that such enforcement actions are part of a broader strategy to ensure that only regulated and certified products reach consumers, safeguarding the integrity of Nigeria’s cosmetics market.

In a related development, about 5 months ago NAFDAC sealed several unregistered bakeries and water-packaging companies operating without the agency’s approval in Plateau State.

According to Mr. Shaba Mohammed, Director of NAFDAC’s North Central Zone, the closure followed inspections that revealed substandard Good Manufacturing Practices (GMP) in the water-packaging firms.

As a result, these companies were shut down to prevent the circulation of potentially unsafe products.

In addition to this, numerous patent medicine stores were sealed for selling expired and unregistered medical products.

The raid, part of NAFDAC’s routine inspections in local government areas such as Dengi, Wase, Yelwa Shendam, and Namu, was aimed at enforcing compliance with safety standards and protecting public health.

Mr. Mohammed emphasized that NAFDAC remains committed to ensuring only certified and safe products are available to Nigerian consumers.

He urged the public to be vigilant, choosing only NAFDAC-registered goods, and to report any suspicious or expired products.

He also reiterated that businesses found violating the agency’s regulations would face appropriate sanctions, while advising aspiring entrepreneurs to seek guidance on product registration to avoid penalties.

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Crisis In PDP Is Creation Of APC, They Want Us To Be In Disarray — Bauchi Governor Bala Mohammed

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Bauchi State Governor, Bala Mohammed, has attributed the crisis within the Peoples Democratic Party (PDP) to interference by the All Progressives Congress (APC).

He made this assertion while receiving members of the PDP Board of Trustees at the Government House in Bauchi.

“Any challenge is not insurmountable, it is insurmountable by the grace of God and we will find a solution to that,” he stated.

“It is only PDP with the experience of governance that is being challenged.”

“You will notice that this is the creation of the other side. They want us to be in disarray, it is the creation of APC. They always want to have moles within us, they want to have knowledge of what is going on.”

“Even the Wike that is in APC is in PDP, he is performing very well. They don’t have people that will perform like our members and that is why they chose to pick him and gave him a state-like structure to run.”

“To us, it is a commendation. The press will see that at least irrespective of the bizarre situation, it is a recognition that PDP has the human capital to deliver Nigeria.”

Gov Mohammed also acknowledged the challenge posed by Wike’s dual role and attributed the party’s crises to opposition from the APC but assured that they have a strategy to navigate the situation.

To him, the PDP’s primary focus was on unifying the party to take over leadership in 2027 and ensure effective governance.

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IGP Appoints Tunji Disu As FCT CP, Redeploys Two Others

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Inspector-General of Police Kayode Egbetokun has reassigned Police Commissioner Tunji Disu from the Rivers State Police Command to lead the Federal Capital Territory (FCT) Command.

As part of the redeployment, Abaniwonda Olufemi, formerly Delta State’s Commissioner of Police, will now head the Rivers State Police Command, while Peter Opara, the previous FCT CP, will take over the Delta State Police Command.

In a statement on Thursday, Force spokesman Muyiwa Adejobi said the redeployment was “to strategically emplace a Police Force well efficient for effective policing”.

Also, following the approval of the Police Service Commission, the IGP deployed four CPs as Commissioners of Police for Abia, Lagos, Ebonyi, and Akwa-Ibom State Commands.

“The deployment includes the posting of CP Danladi Nda to Abia State Command; CP Olanrewaju Ishola Olawale to Lagos State Command; CP Anthonia Adaku Uche-Anya, fdc to Ebonyi State Command and CP Festus Eribo to Akwa-Ibom State Command.

“The posting of these strategic managers reflects the mission of the Inspector-General of Police to strategically reposition the Police Force and ensure maximum utilization of human resources available to the Force.

“The IGP has, however, urged the new CPs of State Commands to ensure diligence in the discharge of their lawful duties and adopt innovations that could mitigate security challenges in their respective areas of responsibility,” the statement read.

He further encouraged them to key into the police reform plans, which will help the progress of the Nigeria Police Force and the growth of the country in general.

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