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Annual Rice Price Per Kg, Up By 81% In 2023 – NBS

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Kogi, Ogun, Cross River Propel Mining Sector’s 17.95% Growth – NBS

The average price of 1kg of local rice increased by 81.35 percent on a year-on-year basis to N917.93 in December 2023.

This was revealed by the National Bureau of Statistics (NBS) in a report on Wednesday, which indicated that the price of rice, a staple food item in Nigeria, has increased by N411.76 when compared to the corresponding price of N506.17 recorded in December 2022.

Titled, ‘the Selected Food Price Watch report for December 2023’, it shared year-on-year prices of different staple food items across Nigeria from December 2022 to December 2023.

An extract from the report stated, “Selected Food Price Watch for December 2023 shows that the average price of 1kg Rice local sold loose stood at N917.93.

“This indicates a rise of 81.35 percent in price on a year-on-year basis from N506.17 recorded in December 2022 and 5.85% rise in price on a month-on-month basis from N867.18 in November 2023.”

Similarly, the NBS reported that the average price of 1kg of Tomato rose by 77.60% on a YoY basis from N458.42 in December 2022 to N814.16 in December 2023.

“On a month-on-month basis, it increased by 7.32% from N758.65 in November 2023 to N814.16 in December 2023,” the NBS stated.

It added that the average price of 1kg of beans brown (sold loose) went up by 48.54% on a YoY basis from N586.14 in December 2022 to N870.67 in December 2023.

The report read, “On a month-on-month basis, it increased by 3.79% from N838.85 in November 2023.”

More so, the average price of 1kg of Beef boneless increased by 32.38% on a year-on-year basis from N2,377.29 in December of last year (2022) to N3,146.94 in December 2023.

On a MoM basis, the average price of this item increased by 3.88% from N3,029.50 in November 2023.

“Similarly, the average price of 1kg onion bulb rose by 122.94% on a year-on-year basis from N435.93 in December 2022 to N971.86 in December 2023, while there was an increase of 42.13% on a month-on-month basis,” the report noted.

The report showed that the Federal Capital Territory (FCT) had the highest price of N1,250, while Zamfara State had the lowest price of N696.55 per kg of rice.

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Maiduguri Blasts: Atiku Warns of Terror Resurgence, Slams Govt Response

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Former Vice President, Atiku Abubakar, has raised fresh concerns over Nigeria’s security situation following deadly bomb attacks in Maiduguri, warning that terrorism is making a dangerous comeback.

In a statement released on Tuesday, Atiku condemned the coordinated explosions that rocked parts of the city, describing them as a troubling sign of renewed insurgent activities.

He noted that the return of suicide bombings, once believed to have been largely defeated, poses a serious threat to national stability.

SEE MORE: ‘Insults Against Obi Only Help APC Stay in Power – Atiku

23 killed, 108 injured in Maiduguri bomb blasts

The attacks, which occurred on Monday night, targeted the Maiduguri Monday Market, a post office, and an area near the University of Maiduguri Teaching Hospital.

At least 23 people were confirmed dead, while over 100 others sustained injuries, leaving families in anguish as they search for missing loved ones.

Reacting to the development, Atiku warned that the resurgence of terrorism could erode public confidence in the government’s ability to protect its citizens.

He stressed that Nigerians are more interested in concrete results than official condemnations of attacks.

While acknowledging the sacrifices of security operatives, the former vice president urged the administration of President Bola Ahmed Tinubu to urgently review its security strategies to address the growing threats.

He also criticised the government’s handling of insecurity, alleging that more attention appears to be given to political matters than to tackling the worsening security challenges across the country.

Atiku further cautioned against politicising national security, noting that terrorism affects all Nigerians regardless of political affiliation.

He called for unity, decisive action, and a renewed commitment to safeguarding lives and property.

Meanwhile, security agencies have confirmed the incidents and launched investigations into the coordinated attacks as efforts continue to restore calm in the affected areas.

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NCDMB Sponsored Oracle Primavera P6 Training Underway In Rivers State

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NCDMB Emerges Best MDA In Ease Of Doing Business Ranking

The Nigerian Content Development and Monitoring Board (NCDMB) has launched a 5-day Hands-on Oracle Primavera P6 Training in Rivers State, targeting 50 participants.

The training, being executed by Mathnebi Nig. Ltd, commenced today, March 16th and will run until Friday, March 20th.
The intensive hands-on program aims to equip participants with practical skills in project management using Oracle Primavera P6, enhancing their capabilities in the energy and construction sectors.

The NCDMB’s sponsorship of the training underscores its commitment to boosting local capacity and driving Nigeria’s economic growth through skills development.

ALSO READ: Senate Approves Abe as Chairman, NUPRC Board

The training is expected to benefit participants and contribute to the development of Nigeria’s project management landscape.

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Tinubu Swears in Taiwo Oyedele as Finance Minister

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President Bola Ahmed Tinubu has sworn in Mr. Taiwo Oyedele as Nigeria’s new Minister of State for Finance at the Aso Rock Presidential Villa.

The swearing-in ceremony took place shortly after the Senate confirmed Oyedele’s nomination last Wednesday.

Oyedele, 50, from Ikaram, Akoko in Ondo State, brings over two decades of experience in fiscal policy and tax administration.

ALSO READ: SERAP Asks Tinubu To Probe N5.9bn Spent On NNPC Rebranding

He previously chaired the Presidential Committee on Fiscal Policy and Tax Reforms, which overhauled Nigeria’s tax system, introducing zero income tax for Nigerians earning N800,000 or less and exemptions for small businesses with turnovers below N50 million.

During his Senate screening, Oyedele described his appointment as “a call to serve at a critical time when Nigeria faces significant fiscal challenges and remarkable opportunities.”

He replaces Dr. Doris Uzoka-Anite, who has been redeployed to the Ministry of Budget and National Planning.

Oyedele also spent 22 years at PricewaterhouseCoopers, held executive programs at top global institutions including the London School of Economics and Harvard Kennedy School, and currently serves as a professor at Babcock University.

The minister’s appointment signals a continued focus on implementing the Tax Reform Acts, which took effect on January 1, 2026, and aim to simplify Nigeria’s tax system while boosting economic growth.

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