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Nigeria’s inflation rate drops to 18.12%

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Nigeria’s rate of inflation dropped to 18.12 percent in April 2021, the National Bureau of Statistics (NBS) said on Monday

It was 18.17 per cent in March, shedding 0.05 per cent to close at 18.12 in April.

The NBS said: “The Consumer Price Index, which measures inflation increased by 18.12 per cent (year-on-year) in April 2021.

“This is 0.05 per cent points lower than the rate recorded in March 2021 (18.17 per cent).”

The 0.05 per cent drop in April 2021 was the first time Nigeria’s inflation rate would fall in about 20 months as the last time it fell was in 2019 when the CPI shed 0.06 per cent, falling from 11.08 per cent in July to 11.02 in August.

In its April 2021 inflation report, the NBS stated increases were recorded in all Classification of Individual Consumption by Purpose divisions that yielded the headline index.

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On month-on-month basis, the headline index increased by 0.97 per cent in April 2021, this was 0.59 percl cent rate lower than the rate recorded in March 2021 (1.56 per cent).

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The percentage change in the average composite CPI for the 12 months period ending April 2021 over the average of the CPI for the previous 12 months period was 15.04 per cent, showing 0.48 per cent point from 14.55 per cent recorded in March 2021.

The urban inflation rate increased by 18.68 per cent year-on-year in April 2021 from 18.76 per cent recorded in March 2021, while the rural inflation rate increased by 17.57 per cent in April 2021 from 17.60 per cent in March 2021.

On a month-on-month basis, the urban index rose by 0.99 per cent in April 2021, down by 0.61 the rate recorded in March 2021 (1.60 per cent).

The rural index also rose by 0.95 per cent in April 2021, down by 0.57 the rate that was recorded in March 2021(1.52 per cent).

The corresponding 12 month year-on-year average percentage change for the urban index was 15.63 per cent in April 2021.

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This was higher than 15.15 per cent reported in March 2021, while the corresponding rural inflation rate in April 2021 was 14.48 per cent compared to 13.99 per cent recorded in March 2021.

 

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Judge who stopped Sanusi’s reinstatement issued order from US – Kano gov

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Kano State Governor, Abba Yusuf, on Friday, promised to report Justice Mohammed Liman of a Federal High Court for allegedly giving an order stopping the reinstatement of Sanusi Lamido as the 16th Emir of Kano from the United States.

 

He said he would report the judge to the Nigeria Governors’ Forum.

 

Justice Liman had granted the order in an application filed by the Sarkin Dawaki Babba of the Kano Emirate, Aminu Babba Dan Agundi, to stop the Kano State Government from enforcing the Kano State Emirate Council Repeal Law which dethroned all five Emirs in the state.

 

However, Yusuf, while reacting to the court order after issuing the reinstatement letter to Lamido at Africa House, Kano State Government House, said, “The person that issued the court order was in America but he is ordering us to stop what we are doing. This issue of abuse I must present it before the Governor’s Forum so that we can tackle it accordingly.

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“We are agents of following due process, that’s why we did what we did openly before everybody. Those that are meant to maintain that rule of law remains must follow that also.”

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Protesters storm villa, n’assembly over reinstatement of Sanusi as Emir

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Some protesters marched to the gates of the national assembly and presidential villa over the reinstatement of Muhammadu Sanusi II as Emir of Kano.

 

On Thursday, Abba Yusuf, governor of Kano, announced the reinstatement of Sanusi as Emir after signing the new Kano Emirate Council Law.

 

The state assembly had repealed the law which was used to unseat Sanusi and balkanise the Kano emirate into five jurisdictions.

 

Even though a federal high court in Kano ordered the state government not to enforce the new law, Sanusi has since been turbaned as the 16th Emir.

 

Speaking with reporters during the demonstration on Friday, Abdullahi Saleh, coordinator of the Northern Nigeria Peace and Development Foundation, said Yusuf is taking these actions to “rubbish” his predecessor.

 

Saleh said President Bola Tinubu should intervene to prevent a breakdown of law and order.

 

 

“A lot had been going wrong in the state but the Concerned Patriots of Nigeria had thought it best to allow Kano state to sort out its thorny issues,” Saleh said.

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“However, Thursday’s brash actions of Governor Abba Kabir Yusuf of Kano State, who sacked five Emirs to reappoint Alhaji Muhammadu Sanusi as the 16th Emir of Kano has awoken us to the urgency of raising the alarm about the destructive excesses of the state governor.

 

“Since being sworn into office, Governor Abba Yusuf has had a string of loutish acts that run like a hardened criminal’s rap sheet.

 

“This latest stunt of sacking five Emirs to install his acolyte was achieved by manipulating the Kano state house of assembly, which he had successfully turned into a rubber stamp for endorsing his illegal acts.

 

“They, alongside Governor Yusuf, have taken their desperation to an extent that could set the ancient city on fire and cause breaches in the land.

 

“We are here today to appeal to President Tinubu to intervene in the Kano Emirate crisis.”

 

 

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UPDATED: Sanusi reinstated as 16th Emir of Kano

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Abba Yusuf, Kano state Governor, on Friday reappointed Muhammadu Sanusi II as the 16th Emir of Kano.

 

Sanusi received his letter of reinstatement at the Government House in Kano.

 

The governor said, “By the powers conferred on me by the Kano Emirate Council Law of 1984 and 2024, and supported by the recommendation of the kingmakers, I have the singular pleasure of confirming the reappointment of Muhammadu Sanusi II as the Emir of Kano and the head of the Kano Emirate Council.”

 

Yusuf noted that Sanusi’s reappointment was “based on his competence, credibility, and popularity,” urging the new Kano Emir “to be guided by the principles of Islamic teachings and to use his position to unite the emirate, fostering harmony among the Islamic sects in the state.”

 

The 16th Emir of Kano, Sanusi II, had initially ruled as the 14th Emir.

 

The beginning of Sanusi’s travail dates back to 2020 when he had a fallout with the former governor and present National Chairman of the ruling All Progressives Congress, Abdullahi Ganduje.

The Kano House of Assembly would later pass a bill to split the Kano Emirate Council, majorly under Sanusi’s control, into five emirates, thereby lowering his influence.

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Afterwards, Sanusi was sacked and replaced by the recently deposed 15th Emir – Aminu Ado Bayero.

 

But the Assembly, on Thursday, May 23, 2024, dissolved all the five newly created emirate councils in the state – Bichi, Karaye, Gaya, Rano; including Kano, and passed the Kano State Emirate Council (Repeal) Bill 2024 which replaced the Kano State Emirates Council Law, 2019.

 

The 2024 Bill gave the way to reinstate Sanusi.

 

In addition, the governor gave the five emirs a 48-hour ultimatum to vacate their official residences and palaces.

 

Reacting to this, the governor, while recalling past events during the turmoil, said Sanusi was victimised when he was dethroned as the emir, adding that his reinstatement is good for the people of the state.

“We had a series of meetings with the kingmakers yesterday, extensive discussions with the Speaker, and we also sat with all the heads of security. At the end of the day, we all gathered in the chamber where I received the bill that repealed the former law, and we signed the new law repealing all the appointments.

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“We did that out of our convictions and belief that this gentleman was victimised in 2019. We all feel that we must restore what is due to the good people of the state.

 

“Let me use this opportunity to humbly thank the Speaker and all members of the House for your determination and respect for the rule of law. It shows your interest in the welfare of the people of the state,” Yusuf said.

 

Present at the event were traditional rulers, kingmakers, and other top dignitaries.

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