{
  "id": 1677499,
  "title": "‘Let’s keep deceiving ourselves’ – Rufai Oseni disputes NBS 15.43 percent inflation",
  "url": "https://urgent.news/2026/08/18/lets-keep-deceiving-ourselves-rufai-oseni-disputes-nbs-15-43-percent",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T08:33:20.000Z",
  "source": {
    "name": "Daily Post Nigeria",
    "slug": "daily-post-nigeria",
    "url": "https://dailypost.ng/2026/08/18/lets-keep-deceiving-ourselves-rufai-oseni-disputes-nbs-15-43-percent-inflation/"
  },
  "original_language": "en",
  "account": "Arise Television's Rufai Oseni has raised concerns over Nigeria's latest inflation figures, challenging the reported 15.43 percent headline inflation rate for July 2026. The National Bureau of Statistics (NBS) disclosed this information in its Consumer Price Index and inflation report released on Monday. Oseni's comments were made on The Morning Show on Tuesday, during a discussion about the NBS data. The NBS reported a decrease in the headline inflation rate from 15.91 percent in June to 15.43 percent in July. However, Oseni expressed skepticism about the data's accuracy, claiming it does not mirror the actual conditions faced by Nigerians in the markets. Oseni stated, \"I was reading an article this morning. It was posted in the DAILY POST newspaper, and it’s in relation to these inflation figures they are always giving us.\" He went on to say that he does not believe much of the data coming from the current administration. Oseni pointed out the change in the base year to a period when Nigeria experienced the highest inflation, citing an example of N8.8 trillion spent on extra-budgetary spending. He emphasized the absence of transparency, questioning why the Minister of Finance has not provided a detailed breakdown of how the funds were allocated. Oseni emphasized the lack of accountability in the country, suggesting that despite numerous discussions, no progress has been made. He also mentioned President Tinubu's repeated congratulation on refineries working, despite them being in poor condition since 2024. Oseni concluded his remarks by stating, \"We don’t have coherent data. We are saying the inflation rate is 15.4-something. Have prices gone back in the market to the prices you used to have before? 'Let’s keep deceiving ourselves. You see this charade of deceit, this dance of deceit. One day, we will come to the market square and clap for ourselves. Let the deceit continue.'\"",
  "summary": "Arise Television anchor, Rufai Oseni, has questioned the credibility of Nigeria’s latest inflation figures, disputing the 15.43 percent headline inflation rate recorded in July 2026. Oseni made the remarks on The Morning Show on Tuesday while reacting to the latest inflation figures released by the National Bureau of Statistics (NBS). The NBS, in its Consumer Price Index […] ‘Let’s keep deceiving…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}