NBS Report: Ekiti Confident Interventions Will Reduce High Inflation Rate

Ekiti State authorities has expressed assurance that its assorted concern successful easiness of doing business, roadworthy operation and agrarian electrification volition code precocious ostentation complaint of the state.

The assurance was successful absorption to the National Bureau of Statistics’ (NBS) August 2025 Consumer Price Index (CPI), revealing that the State recorded an all-item ostentation complaint of 28.2 percent year-on-year.

A connection by the Chief Press Secretary to the Governor, Yinka Oyebode connected Wednesday, Ekiti State authorities noted that the NBS study showed that the State had the highest ostentation complaint for the period of August.

“The study indicated that ostentation successful Ekiti is powered by non-food categories specified arsenic housing, transport, energy and different services.

“The State Government expects that interventions similar its easiness of doing concern reforms volition yet bring down lodging costs; concern successful our roadworthy web volition bespeak successful little proscription costs; and finally, the concern successful assemblage electrification volition besides mean powerfulness costs.

“In addition, the Government volition reenforce its engagement with some backstage and nationalist institutions and proceed to follow a information driven attack to improving the lives of Ekiti people,” Oyebode stressed.

It however, expressed happiness implicit the NBS 2025 Consumer Price Index (CPI) study of August which showed a moderation of nutrient prices successful the State.

The NBS, successful the monthly study said nutrient prices, which is often the operator of state-level inflation, eased importantly during the period.

Food index, according to the report, dropped by 6.8 percent month-on-month, portion yearly nutrient ostentation astatine 16.8 percent was presently beneath the nationalist average.

Oyebode said the important improvement, though inactive acold from the people acceptable by Governor Biodun Oyebanji was owed to concerted efforts and the administration’s immense concern successful agriculture development.

“The administration’s attack to agriculture is anchored connected younker engagement arsenic good arsenic Government’s strategical concern with the backstage sector. This has led to much younker engagement successful agriculture with attendant nutrient surplus and driblet successful outgo of nutrient items.

“In addition, the terms moderation reflects the interaction of ‘Ounje Ekiti’, an inaugural of the Ilu Eye Trading Company which present undertakes strategical involution successful boosting nutrient supply,” the statement said.