Tag: Nigeria Bureau of Statistics (NBS)

  • Average price for petrol drops, kerosene increases – NBS

    Average price for petrol drops, kerosene increases – NBS

    The average price paid by consumers for Premium Motor Spirit (petrol) dropped by 1.2 per cent year-on-year, the Nigeria Bureau of Statistics ( NBS ), has said.

    According to a report on the NBS website, the Bureau also listed states with the highest and lowest average price of petrol in comparison with the approved government price of N145.

    “The average price paid by consumers for PMS decreased by 1.2 per cent year-on-year and increased by 0.1 per cent month-on-month to N144.5 in September 2017 from N144.4 in August 2017.

    “States with the highest average price of PMS were Yobe N149.7, Bayelsa N147.1 and Taraba N146.1, while states with the lowest average price of petrol were Abuja N142, Osun N142.8 and Ondo N142.9,’’ the NBS said.

    On Dual Purpose Kerosene (DPK), the Bureau said the “average price per litre paid by consumers for kerosene increased by 17.28 per cent month-on-month.

    “It decreased by -8.38 per cent year-on-year to N264.48 in September, 2017 from N225.52 in August, 2017.

    “States with the highest average price per litre of kerosene were Plateau N316.67, Yobe N294.44 and Kaduna N294.12.

    “States with the lowest average price per litre of kerosene were Abia N240.56, Edo N240.00 and Ekiti N233.33,’’ the NBS said.

    NAN

  • PDP: Makarfi warns against dragging party to court

    PDP: Makarfi warns against dragging party to court

    Sen. Ahmed Makarfi, Chairman, National Caretaker Committee of the Peoples Democratic Party (PDP), has warned PDP members against dragging the party to court.

    Makarfi, who gave the warning on Wednesday in Abuja, while inaugurating caretaker committees for Adamawa and Osun States chapters of the party, declared that members with grievances must exhaust internal mechanisms.

    “It is unfortunate that some people still think that going to court is the best way out, even after the Supreme Court’s judgement on the party’s leadership tussle.

    “The party will take a very hard stand on any member who is in a hurry to go to court without exhausting the avenues available in the party for grievances to be heard and be addressed accordingly.

    “We cannot deny people their fundamental human rights, but the party constitution says that members must exhaust the internal mechanism before seeking external solutions.

    “If you are quick in seeking external solutions, the party will not take it kindly,” Makarfi warned.

    He commended PDP members, especially where caretaker committees were inaugurated, for their “give and take” posture and sacrifice, and assured party faithfuls that their interests would be accommodated at various levels.

    Makarfi advised the newly inaugurated caretaker committees members to carry everybody along, pointing out that PDP was one family.

    “At this stage, it is not one side versus the other side.

    “The only side that is against us is anybody that takes us to court; it is that person or group that is clearly against us,” he said.

    Makarfi, in an interview with newsmen after the inauguration ceremony, decried the politicisation of reports that Nigeria was out of recession.

    “The issue should not be politicised; getting out of recession is when people feel secured and can feed and find jobs.

    “We can only say we are out of recession when there is adequate infrastructure and students do not find it difficult to pay tuition fees.

    “The reality is that, all these complaints are still there. Life is still tough for the poor man. So why should we be  clapping and claiming that we are out of recession?

    “It is not time to clap. We have nothing to clap for. We have a lot to do. That is what PDP intends to correct when we come to power.

    “What we are doing now is to partner with those in power to make sure that the conditions of every Nigerian, especially the ordinary person, is better. We won’t politicise that.”

    The News Agency of Nigeria (NAN) quotes the Nigeria Bureau of Statistics (NBS) second quarter Gross Domestic Product (GDP) report as indicating that the country was out of recession.

    On the strike embarked upon by the Academic Staff Union of Universities (ASUU), Makarfi called on both parties to make peace and specifically advised the Federal Government to do the needful.

    Similarly, the PDP National Publicity Secretary, Mr Dayo Adeyeye, in a statement, said that the figures of growth rate released by NBS, when compared with inflation rate and population growth, showed that there was nothing to celebrate.

    “The report indicated that while the inflation rate was 16.05 per cent, the annual population growth rate was approximately 2.67 per cent per year.

    “With such statistics, it is impossible to escape the conclusion that the recovery of the Nigerian economy is weak, feeble and insufficient to herald the sort of celebration we want to indulge in,” he said.

    Adeyeye reiterated that the nation was at risk of falling into a more protracted recession if strong and bold monetary and fiscal policies were not activated immediately, to sustain the exit from recession.

    He added that there was nothing to celebrate until such economic growth improves the harsh living conditions of ordinary Nigerians.

  • Nigeria accounts for less than 3% of tourist-receipts in Africa – FTAN president

    Nigeria accounts for less than 3% of tourist-receipts in Africa – FTAN president

    The Federation of Tourism Association of Nigeria (FTAN) says that less than three per cent of tourists visiting Africa annually choose Nigeria as their tourism destinations.

    Mr Karim Rabo, the FTAN president, told the News Agency of Nigeria (NAN) in Lagos on Sunday that the figure was low compared to other African countries that usually recorded huge patronage of international tourists.

    He attributed the low patronage to poor attitudes usually exhibited by Nigerian tour operators and travel agencies.

    He also said that Nigerian tour operators and travel agencies were more interested in packaging Nigerian tourists wishing to travel abroad rather than packaging international tourists to Nigeria.

    “Nigerian tour operators and travel agents promote more of outbound tourism than inbound which is not encouraging.

    “ We need to get it right by promoting more of domestic tourism asset/potential to the outside world than promoting outbound tourism,” he said.

    Rabo said that there was a dearth of data about tourism consumptions and market patterns.

    “Both the Federal and state government have no data that show the impact of tourism receipts on Nigeria economy, “he said.

    He said that FTAN would partner multinational organisations and the Nigeria Bureau of Statistics (NBS) to set up structures that would be collating tourists’ data at all leading tourists’ destinations in Nigeria.

    Rabo said that these would enable the government to know the impacts and contributions of tourism sector to the Nigerian economy.

    The president said that the association was the biggest investor in Nigerian tourism industry.

    “It has been contributing enormously to Nigeria’s Gross Domestic Product (GDP), and employs thousands of Nigerians across the country,” he said.

    Rabo said that the association members include: hoteliers; travel agencies, tour operators, tourism academia, travel journalists and cultural artisans.

  • Reps bemoan economic situation 

    Reps bemoan economic situation 

    The House of Representatives has said the prevailing economic situation is unacceptable and has given a three-month deadline for a reversal of the situation.

    As a consequence, the House has mandated an ad hoc Committee to interact with relevant stakeholders in public and private sectors to ensure a reversal of the prevailing recession within three months.

    The lawmakers however absolved themselves of blames on the economic crisis confronting the country, notwithstanding that the legislature is part of government.

    While inaugurating the Wole Ayorinde-led tactical committee on economic recession Tuesday, Speaker Yakubu Dogara said the House could no longer stand aloof and watch the situation gets worse considering the report of the Nigeria Bureau of Statistics (NBS) that stated that economic recession is already with the country.

    “The double quarters of negative growth, High levels of inflation, worsening purchasing power of the Naira and the increasing levels of unemployment are all strong indicators that all is not well.

    “Today, some of our people can no longer afford to feed. Some School children are dropping out of school due to inability of parents to pay school fees. Transportation, power, healthcare are difficult for the ordinary citizen. There is general anguish on the faces of Nigerians due to poverty and hunger.

    “We cannot however, continue to lament. The problems are well known. At this point in time, it is the solutions that matters more and that is what should engage our attention. As a parliament, we are committed to ensuring that the sufferings experienced by ordinary Nigerians are alleviated.

    “These challenges may appear too difficult to surmount but the good news is that they are surmountable. Other nations have surmounted greater economic challenges in the past and Nigeria’s case cannot be different”.

    Chairman of the 16-member committee, Wole Ayorinde (APC, Ondo) however said the impact of the committee will be felt immediately by Nigerians

    According to him; the recommendations of the committee would be implemented by relevant stakeholders immediately interactions are concluded with the Committee.

    He said: “This is not a talk shop, we will look into the free fall of naira and in the next three months, we shall see whether how much we can go with our interaction with relevant agencies to ensure that the current foreign exchange will not fall beyond that but improve before the end of the tenure of our committee. That is what we are going to work towards.

    “The outcome of the activities of this Committee will be implemented as we are working. If we interact with the Nigerian Customs Service (NCS) for instance and we agreed on certain things within the constitutional mandates of the Customs, as we are leaving they are implementing because they will want to be seen to be jointly working together to rescue the economy.

    “They won’t wait for the report of the Committee; we will start feeling the impact of the committee as we swing into action.

    “If we have interaction with the governor of Central Bank of Nigeria ( CBN ) and we agreed on certain measures to arrest the free fall of the naira before we leave that place, the CBN governor would start to implement our recommendations.

    “This not a talk shop, this Committee is not a study group but to join hands with relevant agencies to put in place policies that will quickly return our economy to the path of stability, growth and development”.

    When asked if the setting of the committee was not an apology and an admittance of failure of the National Assembly to properly oversight Ministries, Departments and Agencies (MDA) before the country went into recession, Ayorinde said the legislators cannot be blamed.

    “We are not apologising because we have not done anything wrong.

    “In the exercise of our mandate in the House, we have done that which the constitution provided for the House to do.

    “We are also not apportioning blame, what we have done as a responsive and responsible House is to feel the pain of Nigerians and rise to the occasion to join hands with the executive so as to quickly bring back smiles into the faces of Nigerians,” he said.