The new inflation numbers just published by the NBS will shock you. Nothing is adding up.
When you read the funny numbers, you will quickly realize why he said “he think say na statistics we go chop?” Nigerians are sleeping while Bola Tinubu is dressing up the numbers.
Since he cannot tackle inflation, unemployment & grow your GDP, he will dress them up.
I miss Yemi Kale as the Statistician General of Nigeria. For 10 solid years, the professional refused to bow to pressure from Aso Rock.
Nigerians are quiet while the new NBS are lying with statistics. They just woke up & reduced inflation & unemployment numbers by fiat.
Like unemployment rate, 34% conservative inflation magically dropped by 10% after rebasing the Consumer Price Index (CPI).
Like SUBSIDY IS GONE, Inflation grew wings & decreased from 34-24% JUST LIKE THAT?
“In any case, Rebasing is just changing the lens. It doesn’t change what’s in front of you.”
Since they can’t do the job, they’ll dress up the numbers. Rebasing won’t plug the hole. The drivers of inflation are still there. My my only worry is the new people in charge of the NBS. They will continue to do Aso Rock’s bidding.
I knew they will rebase to a base year that only suits their narrative. But lying with data is a type of wicked propaganda taken too far.
CPI Rebasing tells the story of what they could be cooking with the long-waited GDP Rebasing. At this point, just expect the unexpected.
Because market reality is different from what the new NBS is saying. And no Hedge Fund, Advisory or Asset Manager worth their salt will work the data produced by a government that only wants to look good. It’s commonsense.
So I expect the Opposition to study the charade & come out with a position. Nigerians may be too distracted by inanities, but not all of us are stupid. The methodology used is not adding up.
We need to see the rejigged inflation basket. How many items were added to that basket?
Propaganda can never take the place of good governance. You can deceive yourselves in Aso Rock, but Nigerians know exactly what the markets/streets are saying. Asiwaju’s Core inflation is 24%. But Real inflation is >50%.
CHOOSE WISELY.
Culled From X
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