Kehinde Ogunyale

Reporting on the data-driven economy, and investigations.

Insecurity: Approximately 23 People Died Everyday in 2020

A total of 8,279 deaths were recorded from insecurity in 2020. This is a report according to Nigeria Security Tracker (NST), a project of the Council on Foreign Relations’ Africa program. This insecurity ranges from insurgency, banditry, cultism robbery, kidnapping that occurred during the year. Nigeria, amid the fight to control coronavirus pandemic, had faced […]Read More

Nigeria’s Inflation Hit Climax In Three Years

According to the latest Consumer Price Index report, released by the National Bureau of Statistics (NBS), Nigeria’s inflation rate increased by 15.75 percent (year-on-year) in December 2020. This is the highest rate recorded since 2017. The report showed that the latest figures are 0.86 percent points higher than the rate of 14.89 percent recorded in […]Read More

Border Closure: In 486 days, Food Prices Rose By 5.13%

Within the period of one year, three months and twenty-eight days of land border closures by the Nigerian government, a move made to control illegal smuggling activities within the border regions, the prices of food products have risen by 5.13 percent with an inflation rate of 14.89 percent November 2020. Findings from local traders, however, […]Read More

In Six Years, Over Hundred Thousand Retirees Withdraw N29.26bn

According to information obtained from the National Pension Commission, in six years, a total of 118,044 retirees have withdrawn N29.26bn from their Retirement Savings Accounts. These retirees have left the Contributory Pension Scheme because they had low balances in their accounts which could not be utilised as monthly stipends. The affected retirees were those that […]Read More

Food Inflation Rocks Nigeria’s Economy

A report published by the National Bureau of Statistics revealed that the prices of food rose by 1.3 percent in December 2020. The closely watched index rose sharply by 19.56% in December compared to 18.3% recorded in the previous month. According to the report, “On a month-on-month basis, the food sub-index increased by 2.05% in […]Read More

BokoHaram: In 10 Years, over 34,000 Nigerians Have Been Killed

Data obtained from Nigeria Security Tracker has shown that a total of 34,579 Nigerians have died as a result of the insecurity threat posed by the jihadist group, Boko Haram. The group, said to have begun its insurgent attack on the Nigeria government in 2009, is known for extinguishing several Nigerians, ethnic group, farmers from […]Read More

1.8 Million Nigerians Contracted HIV/AIDS Amid COVID-19 Crisis

An estimated population of 1.8 million Nigerians are living with transmittable HIV/AIDS infection, a report by the National Agency for the control of AIDS revealed. The agency, established to monitor, educate and evaluate all HIV/AIDS activity in the country, reported that 13 out of every 1000 random people selected are likely to test positive to […]Read More

Nigeria’s Debt Service Charge Rise By 89%

The cost of servicing Nigeria’s public debt has increased by 88.8 percent in the third quarter of last year (Q3’20). The debt rose from N425.7 billion in Q2’20 to N803.69 billion. The amount was used to service the country’s debt stock of N32.22 trillion during the review period. According to the National Bureau of Statistics, the […]Read More

COVID-19: Pandemic Dropped School Attendance To 54%

The effect of the coronavirus pandemic, which has stalled economic growth in most global countries including Nigeria, has similarly affected the educational responsiveness of children attendance in schools. Months before the gradual reopening of schools in various states, concerns grew on the effect of the lockdown on the educational sector. This led to the adoption […]Read More

Second Wave of COVID-19 Threatens Lagos Economy

Nigeria’s economic capital, Lagos State, might need to initiate additional control measures to control the spread of coronavirus, as the state, just in five days of the new year recorded over two thousand cases of the virus. Lagos State, known for industrialization, has championed Nigeria’s economy with increasing capital investment, internally generated revenue, infrastructural and […]Read More