In a new turn of event, the president of Nigeria, Bola Ahmed Tinubu has been nominated as the 2024 man of the year.
This announcement was made by The Will newspaper, as they recount all what the president has achieved in the lat year.
Writing a detailed article, the publication notes that the president’s rule has impacted the nation in different areas, unseen in its history.
Their article in part reads;
President Tinubu’s reform policies in the past one year have significantly impacted every Nigerian negatively, old or young in business, employed or unemployed as never before in the country’s recent history.
“Government’s removal of subsidy and floating of the local currency, the Naira delivered a big blow to the already fragile economy as the resultant increase in fuel prices drove logistics and the prices of food items through the roof.
Nigeria’s annual inflation rate jumped to 34.60 percent in November, from 33.88 percent recorded in October, the National Bureau of Statistics (NBS) said in its latest Consumer Price Index (CPI) report last Monday.
“According to the Bureau, on a year-on-year basis, the headline inflation rate was 6.40 percentage points higher than the 28.20 percent rate recorded in November 2023.
Also Read: Ex-Military Governor of Akwa Ibom, Rivers States Dies After Protracted Illness
“This shows that the year-on-year headline inflation rate increased in November 2024, compared to the same month in the preceding year of November 2023.
According to the Bureau, the rise in food inflation on a year-on-year basis was caused by increases in prices of Yam, Water Yam, Coco Yam, etc (Potatoes, Yam & Other Tubers Class), Guinea Corn, Maize Grains, Rice, etc (Bread and Cereals Class), Beer, Pinto (Tobacco Class), and Palm Oil, Vegetable Oil, etc (Oil and Fats Class).
“On a month-on-month basis, the Food inflation rate in November 2024 was 2.98 percent, which shows a 0.05 percentage point increase compared to the 2.94 percent recorded in October 2024.
Little wonder, many of them took to social media to deploy the moniker T-Pain (Tinubu Pain) in describing the harsh realities of government’s reform policies, though his media handlers rechristened it Temporary Pain while National Security Adviser, Nuhu Ribadu, says it should actually be T-Gain (Tinubu Gains).”
Leave a comment