The managing director said the data might be as flawed as the 2025 Joint Admissions and Matriculation Board (JAMB) exam scandal, where results were compromised due to technical errors.
Bismarck Rewane, managing director of Financial Derivatives Company, has questioned the credibility of the consumer price index (CPI) figures released by the National Bureau of Statistics (NBS) for April 2025. According to the NBS, Nigeria’s headline inflation rate slightly declined to 23.71 percent from 24.23 percent recorded in March.
Rewane expressed skepticism over the report, pointing out significant disparities between inflation rates in food-producing and consuming states. “Inflation was highest in three states; Benue state at 51 percent, Ekiti state at 34 percent, and Kebbi state at 33 percent; these are the food-producing states,” he said. “While they were lowest in consuming states. Ebonyi state has 7.19 percent, Adamawa state had 9.52 percent, and Ogun state had 9.91 percent.”
He likened the data to the compromised results of the 2025 JAMB examinations, stating that technical flaws could be influencing the accuracy of the inflation reporting.
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