• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • Mohammed Idris Malagi, Honorable Minister of Information and National Orientation

      FG Reaffirms Non-Interference in ICPC, EFCC Operations

      ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

  • Fact-Check
  • Economy
    • Customs Begins Live Operations of Automated Excise Register System

      Still on the “National Single Window” Project By Abdulsalam Mahmud

      Minister of Finance Wale Edun and the Comptroller General of Customs Bashir Adeniyi decorating OP Olaniyan

      Customs Generates N3.7trn in H1 2025 as FG Targets Enhanced Private…

      Customs Gets 4 New Deputy Comptrollers-General, 12 ACGs, Promotes 3,312 Officers

      DG NITDA Inuwa Kashifu at the GITEX Nigeria

      Sanwo-Olu, Tijani, Kashifu Urge Digital Innovation as GITEX Nigeria Opens

  • National
    • Military Arrest Suspected Kidnapper in Niger, Foil Terrorist Attacks in Sokoto

      Military Troops in Action

      Troops Launch Offensive Against Terrorists in Zamfara, Arrest Collaborators in Sokoto

      Commandant General of the Nigeria Security and Civil Defence Corps (NSCDC), Dr. Ahmed Abubakar Audi

      Audi mourns as NSCDC loses 8 operatives after rescue operation in…

      Eid El-Maulid: Kwara Gov Urges Muslims To Embrace Unity, Shun Partisanship

      Military Troops during operations

      Troops Recover Weapons in Kwara Operation, Donate Fertiliser to Farmers in…

    • Government
      • JUST IN: NNPP Expels Reps Member Abdulmumin Jibrin Days After Visiting…

        Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar

        Eid El-Maulid: Kwara Gov Urges Muslims To Embrace Unity, Shun Partisanship

        Officers of NSCDC Mining Marshals

        Nigeria’s War on Illegal Mining Needs the Media on the Frontlines…

        FG, Experts Urge Information Commissioners to Partner with ICPC on Grassroots…

  • Security
    • NAF, Ground Troops Neutralise 30 Terrorists in Joint Operation at Dar…

      Kano Police Arrest 9 for Setting Patrol Van Ablaze, Probe Murder…

      Military Arrest Suspected Kidnapper in Niger, Foil Terrorist Attacks in Sokoto

      Military Troops in Action

      Troops Launch Offensive Against Terrorists in Zamfara, Arrest Collaborators in Sokoto

      Commandant General of the Nigeria Security and Civil Defence Corps (NSCDC), Dr. Ahmed Abubakar Audi

      Audi mourns as NSCDC loses 8 operatives after rescue operation in…

  • Features
    • Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar

      ACP Olumuyiwa Adejobi

      DCP Olumuyiwa Adejobi: The Spokesperson Who Redefined Police Communication

      (L-R) Yahaya Bello and Usman Ododo of APC Kogi

      RECOMMENDED: Godfatherism the Ododo-Bello Way!! By Nafisat Bello

      Officers of NSCDC Mining Marshals

      Nigeria’s War on Illegal Mining Needs the Media on the Frontlines…

      Crisis Communication

      Building Resilience: Crisis Communication in Modern Organizations By Princewell N. Achor

  • State
    • NAF, Ground Troops Neutralise 30 Terrorists in Joint Operation at Dar…

      JUST IN: NNPP Expels Reps Member Abdulmumin Jibrin Days After Visiting…

      Kano Police Arrest 9 for Setting Patrol Van Ablaze, Probe Murder…

      Military Troops in Action

      Troops Launch Offensive Against Terrorists in Zamfara, Arrest Collaborators in Sokoto

      Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar

  • Event
    • BUKAA Announces 2025 AGM at BUK New Campus: Join In-Person or…

      Vice President Kashim Shettima and President Bola Ahmed Tinubu

      Shettima at 59: Tinubu Hails VP’s Loyalty, Commitment to Service

      Erasmus Ikhide damaged Vehicle and Dangote Cement Truck

      Erasmus Ikhide Narrowly Escapes Death in Collision with Dangote Truck

      Supporters of Senator Shehu Buba

      PHOTOS: Bauchi Constituents Rally APC to Draft Senator Buba for 2027…

      The authors and their books

      PHOTOS: NIPR Hails Latest PRNigeria Books at Economic Confidential Lecture

    • PR Nigeria Award
  • E-Paper
Home Fact-Check Fact-Check: Is Nigeria’s inflation rate better than other countries as shared by...
  • Fact-Check

Fact-Check: Is Nigeria’s inflation rate better than other countries as shared by gov El-rufai?

By
Prnigeria
-
August 10, 2022
Governor Nasir El-Rufai shared Data from a Nigerian Data Analysis firm, StatiSense which suggests Nigeria's inflation rate is better than some other countries.

Fact-Check: Is Nigeria’s inflation rate better than other countries as shared by gov El-rufai?

Claim: A  tweet showing data on the inflation rate of some countries in 2021 claimed that Nigeria’s inflation rate is better than that of almost all the countries listed in the post.

Full Text: 

The tweet which originated from a Nigerian Data analysis firm, Statisense circulated on Twitter and was reposted by the Kaduna State Governor, Nasir El-rufai on his Facebook. The Data shared reads as follows: 

Maldives +3150%, Rwanda +754%, Japan +469%, Egypt +168%, Ghana +136%, Switzerland +124%, Italy + 90%, Russia +89%, Australia +66%, Netherland + 64%, South Africa + 36%, Nigeria +19%, and India 14%.

Verification:

An investigation by PRNigeria shows that data analysis of the inflation rate of countries of the world by the world bank data portal – a free and open access to global development data – contradicts the figure from Statisense which was shared by a sitting Governor. 

The Data analysis of the inflation rate for 2021 on the listed countries as given by the world bank is as follows:

Maldives 0.5%, Rwanda – 0.4%, Japan – 0.2%, Egypt 5.5%, Ghana 10.0%, Switzerland 0.6%, Italy 1.9%, Russia 6.7%, Australia 2.9%, Netherland 2.7%, South Africa 4.6%, Nigeria 17.0%, India 5.1%.

Read Also:

  • NAF, Ground Troops Neutralise 30 Terrorists in Joint Operation at Dar Jamel
  • JUST IN: NNPP Expels Reps Member Abdulmumin Jibrin Days After Visiting Tinubu
  • Kano Police Arrest 9 for Setting Patrol Van Ablaze, Probe Murder Case

Another Data analysis firm known as worlddata.info also shows that the inflation rate of 2021 is also different from what is seen in the claim. The data analysis of the inflation rate of 2021 by worlddata.info. 

Maldives 0.5%, Rwanda – 0.4%, Japan – 0.2%, Egypt 5.5%, Ghana 10.0%, Switzerland 0.6%, Italy 1.9%, Russia 6.7%, Australia  2.9%, Netherland 2.7%, South Africa  4.6%, Nigeria 17.0%, India 5.1%

However, using WhoIs Godaddy website verification, PRNigeria identified the owners and operators of the StatiSense official website www.statisense.com.ng and a call was placed to the organisation for clarification following which PRNigeria was directed to interact with it’s Tweeter admin. 

Following a direct message, the twitter admin @StatisSense clarified as follows, “The Figure shared is not the inflation rate but the Inflation Growth Rate….which basically compares how inflation has grown within a given period as in this case, between Dec 2021 – June 2022 (6 months) among countries listed.

“For example, Nigeria inflation rate in Dec was 15.6%+ but 6 months after it came to 18.6%, while it has added 3% points, the % growth rate is 19%.

Same logic was applied to other countries,” StatiSense explained. 

Christiana Amodu, a Nigerian Journalist with years of experience in covering Business and Economy corroborates this. 

“What statisense is saying from this figure I’m seeing is basically how inflation has grown in these countries from December 2021 till date and not actually the inflation rate in itself. Essentially, it sums up the growth pattern of how much inflation rate has become worse in these countries. 

“It might not be the actual figure currently per say but a summation of how far high it has come hence the ‘growth rate’ they put on the title,” Amodu explained. 

Conclusion/Verdict

The Data by StatiSense did not project inflation rate but inflation growth rate which they arrived at by simply comparing how inflation has grown in some countries within a given period i.e by how many points inflation has added withing a comparable period measured in months. The claim by StatiSense and Governor El-rufai is therefore NOT deliberately MISLEADING. 

By PRNigeria

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Global Inflation Rate
  • Governor Nasir El-Rufai
  • Nigerian Inflation Rate
  • StatiSense
Previous articleIf Putin wins this war, it will be the beginning of World War III – Ukraine’s President Zelenskyy
Next articleNo security threats along Kaduna-Zaria road – Aruwan assures commuters
Prnigeria
Prnigeria

RELATED ARTICLESMORE FROM AUTHOR

FACT-CHECK: Did Kwara Police Nab King of Alabe, Queen and Babanla Monarch With over ₦120m Banditry Loot?

Billions on the Table: Africa’s Top Leaders to Convene in Angola to Close Infrastructure Gap 

Saudi Arms Ship

PRNigeria Fact-Check: No Evidence Italian Dockworkers Blocked Saudi Arms Ship Allegedly Bound for Israel

Saudi Arms Ship

FACT-CHECK: Did Italian Dockworkers Block Passage of Saudi Ship Carrying Arms for ‘Israel’?

AI-generated disinformation looms ahead of Nigeria’s 2027 elections

PRNigeria Fact Check: Does Delayed Baby Umbilical Cord Clamping Have Health Benefits? 

FACT-CHECK: Did a N10bn Lafia Flyover Collapse Three Weeks After Commissioning in Nasarawa?

REVEALED: The AES shadow game fueling anti-ECOWAS, anti-Western disinformation across West Africa 

‎FACT-CHECK: Was Obi Ever Pictured Having Coffee with Gen Sani Abacha at the Presidential Villa?

FACT-CHECK: Was Sheikh Emami al-Hadi Arrested in Iran for Being a Mossad Spy?

Fact-Check: Did Bandits Die Mysteriously in Nupe Community After Kidnapping Spree?

Man caught trying to hack into FCMB

‎FACT-CHECK: Was a Man Trapped in Ceiling after Trying to Hack FCMB Bank?

Recent Posts

  • NAF, Ground Troops Neutralise 30 Terrorists in Joint Operation at Dar Jamel
  • JUST IN: NNPP Expels Reps Member Abdulmumin Jibrin Days After Visiting Tinubu
  • Kano Police Arrest 9 for Setting Patrol Van Ablaze, Probe Murder Case
  • Military Arrest Suspected Kidnapper in Niger, Foil Terrorist Attacks in Sokoto
  • Troops Launch Offensive Against Terrorists in Zamfara, Arrest Collaborators in Sokoto
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
NAF, Ground Troops Neutralise 30 Terrorists in Joint Operation at Dar JamelJUST IN: NNPP Expels Reps Member Abdulmumin Jibrin Days After Visiting TinubuKano Police Arrest 9 for Setting Patrol Van Ablaze, Probe Murder CaseMilitary Arrest Suspected Kidnapper in Niger, Foil Terrorist Attacks in SokotoTroops Launch Offensive Against Terrorists in Zamfara, Arrest Collaborators in SokotoAudi mourns as NSCDC loses 8 operatives after rescue operation in EdoGanduje: A Lifetime of Service Beyond Politics By Garba Yusuf AbubakarDCP Olumuyiwa Adejobi: The Spokesperson Who Redefined Police CommunicationNSCDC, Army Foil Bandit Attack on Plateau FarmersEid El-Maulid: Kwara Gov Urges Muslims To Embrace Unity, Shun PartisanshipTroops Eliminate Bandits, Rescue Abductee, Recover Motorcycles in KatsinaMilitary Foil Terrorists Attack, Recover Dozens of Rustled Livestock in Sokoto, KebbiTroops Recover Weapons in Kwara Operation, Donate Fertiliser to Farmers in ZamfaraTroops Ambush Militia Plotting Attack on Plateau VillagersRECOMMENDED: Godfatherism the Ododo-Bello Way!! By Nafisat Bello
X whatsapp