ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE   ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL President Bola Ahmed Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).   The requests followed the resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC. Both officials were appointed in 2021 by former President Buhari to lead the two regulatory agencies created by the Petroleum Industry Act (PIA).   To fill these positions, President Tinubu has written to the Senate, requesting expedited confirmation of Oritsemeyiwa Amanorisewo Eyesan as CEO of NUPRC and Engineer Saidu Aliyu Mohammed as CEO of NMDPRA.   The two nominees are seasoned professionals in the oil and gas industry.   Eyesan, a graduate of Economics f...
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KOGI, LAGOS, RIVERS MOST EXPENSIVE STATES IN NIGERIA- NBS.(PHOTO).

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 Kogi, Lagos, Rivers most expensive states in Nigeria – NBS


Kogi, Lagos, and Rivers are the most expensive states in Nigeria, according to the National Bureau of Statistics.


NBS’s November latest Consumer Price Index disclosed that the All-Items Inflation rate is the highest in the three states.


Accordingly, the report stated that Kogi (33.28 per cent), Lagos (32.30 per cent), and Rivers (32.25 per cent) states recorded the prices on a year-on-year basis.


Meanwhile, Borno (22.47 per cent), Katsina (24.91 per cent), and Plateau (25.53 per cent) recorded the slowest rise in Headline inflation on a Year-on-Year basis.


On a month-on-month basis, however, November 2023 recorded the highest increases in Kano (3.55 per cent), Kebbi (3.34 per cent), Borno (3.24 per cent), while Taraba (0.74 per cent), Anambra (1.00 per cent) and Enugu (1.18 per cent) recorded the slowest rise in Month-on-Month inflation.


Narrowing the analysis to food inflation in November 2023, on a Year-on-Year basis, Kogi was highest (41.29 per cent), Kwara (40.72 per cent) and Rivers (40.22 per cent), while Bauchi (26.14 per cent), Borno (27.34 per cent) and Jigawa

(27.63 per cent) recorded the slowest rise in food inflation on a Year-on-Year basis.


On a Month-on-Month basis, however, in November 2023, food inflation was highest in Cross River (4.37 per cent), Edo (3.95 per cent) and Rivers (3.91 per cent), while Anambra (0.63 per cent), Oyo (0.91 per cent) and Bauchi (1.00 per cent) recorded the slowest rise in inflation on a Month-on-Month basis.


 Nigeria’s inflation in November rose to 28.20 per cent.

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