‘EMPTY BARRELS’ – OTTI DISMISSES UZOR KALU, ORJI, IKPEAZU OPPOSITION GANG-UP. (PHOTO)

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 ‘Empty barrels’ – Otti dismisses Uzor Kalu, Orji, Ikpeazu opposition gang-up Abia State Governor, Alex Otti, has urged Abians to disregard recent remarks by some leaders of the opposition in the state. Governor Otti who was speaking on Saturday at Seventh-Day Adventist Church, Umuoriehi, Umuahia North LGA, during the dedication of the church building, said that those who are gathering against him were the same people that failed to develop the state in the past. Otti was reacting to an alliance formed against his re-election by former Abia governors Orji Uzor Kalu, Theodore Orji and Okezie Ikpeazu. The governor slammed the opposition members for pursuing personal interest above the collective development of Abia, declaring that every gathering they are making against him would collapse. He said, “Pastor Uguru made reference to the noise that you may have been hearing in the last few days. “I want us to just dismiss it as noise, you know, and it’s always the empty barrel that makes...
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NIGERIA BATTLES INFLATION SPIKE AS RATES HIT 32.70% IN SEPTEMBER. (PHOTO).

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 Nigeria battles Inflation spike as rates hit 32.70% in September


Nigeria's inflation rate has risen to 32.70% for the month of September, according to a report released by the National Bureau of Statistics (NBS) on Monday.


The NBS reported that the headline inflation rate for September 2024 was 32.70%, compared to 32.15% recorded in August 2024.


"Looking at the movement, the September 2024 headline inflation rate showed an increase of 0.55% compared to the August 2024 headline inflation rate," the Bureau noted.


"On a year-on-year basis, the headline inflation rate was 5.98 percentage points higher than the rate recorded in September 2023 (26.72%).


"This shows that the headline inflation rate (year-on-year basis) increased in September 2024 when compared to the same month in the preceding year (i.e., September 2023)," the NBS stated.


Additionally, the NBS reported that on a month-on-month basis, the headline inflation rate for September 2024 was 2.52%, 0.30% higher than the 2.22% recorded in August 2024.


"This means that in September 2024, the rate of increase in the average price level was higher than the rate of increase in the average price level in August 2024," it added.


The rise in prices of goods and services was as a result of the hike in the price of Premium Motor Spirit (PMS) early September and later in October.

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