Nigerians
say VP Yemi Osinbajo performed well as acting president. The result is out to
prove that he indeed did his best for the period that Osinbajo was in charge of
the
country as acting president.
The National
Bureau of Statistics (NBS) on Tuesday released the Consumer Price Index which
measures inflation rate with the index dropping from 18.72 per cent in January
to 17.78 per cent in February.
The drop in
the inflation rate by 0.94 percentage points according to the NBS report is the
first time in 15 months that the country would see a reduction in inflation
rate.
The report
said the drop was attributed to slow increase recorded in food prices and other
divisions.
“On a
Headline basis, the Consumer Price Index (CPI) which measures inflation
increased by 17.78 percent (year-on-year) albeit at a slower pace in February
2017, 0.94 percent points lower from the rate recorded in January (18.72)
percent,” NBS said on Tuesday.
Since after
Olusegun Obasanjo left government in 2017, inflation has been going up
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