NIGERIA’S INFLATION RATE RISES FOR THIRD CONSECUTIVE MONTH. (PHOTO).

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 Nigeria’s inflation rate rises for third consecutive month Nigeria’s inflation rose for the third consecutive month to 15.93 percent in May 2026 from 15.69 percent recorded in April. The National Bureau of Statistics disclosed this in its Consumer Price Index and inflation data released on Monday. This means that in May, the country’s inflation rose on a month-on-month basis by 1.75 percent. Also, the report showed that food inflation also skyrocketed to 16.96 percent in May, up from 16.06 percent recorded the previous month. “In May 2026, the headline inflation rate on a month-on-month basis was 1.75 percent, which was 0.39 percent lower than the rate recorded in April 2026 (2.13 percent). On a year-on-year basis, the headline inflation rate rose to 15.93 percent, up from 15.69 percent in April 2026 and down from 26.06 percent in the same month of the preceding year (May 2025). “The Food inflation rate in May 2026 on a month-on-month basis was 2.98 percent, down by 0.65 percentag...

WE WILL NOT BE DISTRACTED BY FRIVOLOUS ALLEGATIONS-FG.{PHOTO}.#PRESS RELEASE TODAY.


     The Minister of Information and Culture, Alhaji Lai Mohammed, has said the Buhari Administration will not be distracted by frivolous allegations from any quarter, especially those cleverly choreographed to divert attention from a widely-acclaimed presidential proclamation and to shore up support for a waning and egotistical cause.
In a statement issued in Lagos on Friday, the Minister said the administration is too busy trying to clear the mess of 16 years and build on its unprecedented achievements over the past three years to waste its energy and time on framing up anyone or dwelling on issues that are not grounded in fact.
He said while those who have skeletons in their wardrobes should be afraid, even of their own shadows, innocent persons need not worry about any investigation, whether real or imagined.
”This administration will never engage in a frame-up of innocent citizens. That is neither in the character of President Muhammadu Buhari nor in that of his administration. Only the guilty should be worried. To paraphrase an African proverb, a man who has no wife cannot lose an inlaw to the cold hands of death.
”The administration is also strongly committed to the tenets of democracy, including freedom of speech and the right to dissent. But we understand that those who, in their time, were untethered to those principles would find it hard to believe,” Alhaji Mohammed said.
The Minister said it was curious that the frame-up and witch-hunt allegations came a day after a major presidential proclamation reversing some past acts of injustice was made, to the relief and acclamation of a long-expectant nation.
”Apparently, the impact of this proclamation was too much to bear by those who, through acts of omission or commission, helped to deepen the wounds inflicted by the blow of injustice that followed an election that was widely acclaimed to be free, fair and credible, hence they felt the need for a red herring that will distract the nation.
”Added to that is the frustration brought about by the fact that the contraption they have so much hyped as a freeway to power has failed to gain traction. Faced with this double tragedy, even the strongest of men may begin to succumb to a figment of their imagination. They may start crying wolf where there is none,” he said.
Alhaji Mohammed said the unprecedented achievements of the Buhari Administration are also enough to cause sleepless nights, with the attendant symptoms that include phantasm, for those who had better opportunities to make the country great but floundered on the altar of narcissism.
Segun Adeyemi
SA To Hon Minister of Information and Culture
Lagos  
8 June 2018

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