Godwin Emefiele the CBN governor , minister of finance Kemi Adeosun and the minister of budget and national planning, Udoma Udo Udoma brief Buhari in Abuja.
The NBS reports that prices of food commodities continued to increase year on year but dropped month on month President Muhammadu Buhari has received a briefing from members of his economic team in Abuja.
The list of those who briefed the president on Monday, August 28, included the minister of budget and national planning, Udoma Udo Udoma; the governor of Central Bank of Nigeria (CBN), Godwin Emefiele; and the minister of finance, Kemi Adeosun.
Meanwhile, the National Bureau of Statistics (NBS) in a report released today Monday, August 28, said Nigeria’s inflation had dropped for the 7th consecutive month to 16.05% year on year and 1.21% month on month. The bureau also reported that prices of food commodities continued to increase year on year but dropped month on month. It said the the rise in the index was caused by increases in prices of bread and cereals, meat, fish, oils and fats, coffee, tea and cocoa, potatoes, yam and other tubers and vegetables. Going further, NBS reported that the ”All Items less Farm Produce” or Core sub-index, which excludes the prices of volatile agricultural produce eased by 0.30 percent during the month to 12.20 percent points from 12.50 percent recorded in June.