Health
7 Ways to Protect Yourself from Inflation
By Ellie Richards
Recently, the entire world has been affected by the wave of inflation. From the United States to Australia, every part of the world has witnessed the ballooning inflation.
Whether it is a rise in the prices of daily commodities or an increase in property rates, the effects of inflation could be seen in every single sector.
While inflation affects the entire economy of a nation at a larger extent, its effects can also be observed in the daily lives of the common people.
As the prices of goods and services rise, the amount of money spent earlier to buy a specific quantity of a product would now not be enough to buy a similar quantity of the same product.
Thus, inflation increases the entire cost of living of the people in an economy. It also reduces the purchasing power of every unit of currency, eventually decreasing the value of a country’s currency.
Additionally, once there is an increase in the prices of goods and services, it is likely that the prices will either remain the same or increase further without much possibility of a reduction in the inflated prices.
Hence, it becomes extremely important for people to keep themselves prepared for any increase in prices. One of the common beliefs practised from years is a penny save is a penny earned. While this common belief cannot be implemented in today’s world, one needs to be ready to deal with the corrosive impact of growing prices on the economy.
To help you safeguard yourself from inflation, we have compiled a list of 7 ways to save and invest money to reap its benefits in the long run.
Invest in the Stock Market
While investing in the stock market can be a bit tricky, if done wisely, it can be a good way to fight inflation. As the prices in an economy rise, the corporations are likely to sell their goods at increased prices. This leads to a growth in the company’s revenues, its earnings and results in an upsurge of its stock prices. However, while investing in the stock market, ensure that you put money in companies which have the tendency to increase their prices naturally at the time of inflation. For example, companies which deal with commodities or products like grains, oil and metals enjoy the pricing power at the time inflation more than the manufacturers and distributors of electronics equipment.
Buy Precious Metals
Precious metals such as gold and silver can act as great assets to protect yourself from the growing inflation. With a decrease in the value of the dollar, there is an increase in the value of these precious metals. Also, there is a difference in the demand and supply of gold and silver. While silver has a limited supply and is mostly used by large companies across the world, gold is saved by people at household levels. Experts suggest, keeping a mix of both physical gold and silver on hand can be a great way to protect one from the growing inflation. However, before buying gold and silver, make sure that you buy it from verified dealers and avoid yourself from being scammed.
Invest in other currency
Economists of different countries generally compare the value of their currency with the American dollar to see if there is any appreciation or depreciation in their currency. The trends suggest that a decrease in the American currency results in an increase in the value of other currencies and vice versa. As investing in any currency can be risky for beginners, conduct an in-depth study of the currency trends before investing. Also, rather than investing in a single currency, try to diversify your investments in different currencies. Furthermore, to save yourself from getting duped, instead of buying paper currency, it is wise to keep physical currency in hand.
Buy a Property
Property is another great asset which can save you from inflation. Whether it is a house for yourself or a plot of land or a positive cashflow real estate, investing in the right property can be rewarding. For example, buying a house for yourself will save you from increased rents during inflation. Additionally, if you own land at a lower price, after inflation, you can get a good amount of money if you decide to sell it. Whereas, if you buy an additional real estate, renting it out will help you generate a passive income for the coming years.
Start a Side Business
In today’s world, depending on a single source to generate income is not sufficient. If you are working in a full-time job, you might have very little control over your monthly income. By starting a side business, you begin to build your asset that sees an increase and decrease in its value with the rise and fall of inflation. At the time of inflation, this side business can help you generate extra cash flow every month, which will cushion the consequences of inflation and will also give you the power to save some extra money.
Save Money at Better Paying Interest Rates
Whether there is inflation or not, saving physical cash is always a good idea. To get the most out of your savings, check out for saving schemes which come at highest paying interest rates. The rise in inflation will have no significant effect on your money and it will be safe in the banks. Additionally, the interest you will receive will make sure that your money keeps on increasing from time to time.
Control your Expenses
Although savings and investments are essential for staying safe from inflation, one of the most important factors which we neglect is controlling our expenses. So, if you have a habit of overindulging in shopping and buying things which are not needed, then think twice. Also, while applying for a loan for property or vehicle, do not forget to fix the rate of interest. This is one of the widely used hedging processes which will save you from paying increased interest rates as once the rate is fixed, you will no longer be subject to the growing expenses.
Health
Nigeria on High Alert as WHO Declares Ebola Emergency of International Concern
By Adedapo Adesanya
The Nigeria Centre for Disease Control and Prevention (NCDC) has said that although the country currently has no confirmed case of Ebola Virus Disease (EVD), it is, nevertheless, actively strengthening surveillance.
This comes as the World Health Organisation (WHO) declared the Ebola outbreak in Congo and Uganda a public health emergency of international concern, after 80 deaths were attributed to the disease.
The WHO, however, stopped short of declaring a pandemic, saying it did not meet the necessary criteria. The United Nations agency advised countries against closing borders or restricting trade.
Early symptoms include fever, muscle pain, fatigue, headache, and sore throat, and are followed by vomiting, diarrhoea, a rash, and bleeding.
In a statement by its Director General, Mr Jide Idris, on Sunday, the NCDC noted that it is also ramping up laboratory readiness, infection prevention, and public awareness efforts across the country.
He said the centre was closely monitoring the situation due to increasing regional movement across African countries and was working with relevant stakeholders, including the Port Health Services under the Federal Ministry of Health and Social Welfare, to strengthen preparedness within Nigeria’s public health system.
“NCDC is closely monitoring the situation and working with relevant stakeholders, including the Port Health Services, to ensure continued vigilance and preparedness within the public health system,” he stated.
The NCDC boss described Ebola virus disease as a severe viral illness transmitted through direct contact with the blood, bodily fluids, secretions, or contaminated materials of infected persons or animals.
He noted that the disease has an incubation period ranging from two to 21 days, while symptoms include fever, weakness, headache, muscle pain, sore throat, vomiting, diarrhoea, and, in severe cases, unexplained bleeding.
Recall that Nigeria gained international recognition for successfully containing an Ebola outbreak in 2014 after an infected traveller arrived in Lagos from Liberia.
Healthcare workers were advised to maintain a high index of suspicion for Ebola, especially in patients presenting symptoms compatible with the disease alongside relevant travel or exposure history.
Idris stressed the importance of strict adherence to infection prevention and control measures, including early identification and isolation of suspected cases, proper use of personal protective equipment, hand hygiene, and prompt reporting through established channels.
“NCDC will continue to monitor the situation closely and provide updates as necessary,” he added.
NCDC advised Nigerians to remain calm, maintain good hand hygiene, avoid misinformation, and report unusual illnesses promptly.
Health
NNPC Donates MRI Machine, Others to Nnewi Teaching Hospital
By Modupe Gbadeyanka
A 1.5 Tesla Magnetic Resonance Imaging (MRI) machine has been donated to the Nnamdi Azikiwe University Teaching Hospital (NAUTH), Nnewi, Anambra State, by the corporate social responsibility arm of the Nigerian National Petroleum Company (NNPC) Limited, NNPC Foundation.
In a statement on Sunday by its Chief Corporate Communications Officer, Mr Andy Odeh, the state-owned oil organisation said the medical item was given to the healthcare institution as part of its commitment to improving healthcare access and strengthening medical infrastructure across Nigeria.
The MRI system is expected to significantly improve access to advanced diagnostic imaging services for millions of Nigerians across the South-East (Anambra, Enugu, Imo, Abia and Ebonyi States) as well as neighbouring Delta State.
The foundation also provided critical supporting infrastructure, including RF shielding systems, chillers, backup UPS systems, electrical installations, specialised imaging accessories, ventilation systems, CCTV and oxygen monitoring systems, intercom communication facilities, and other patient comfort technologies designed to ensure optimal operation of the facility.
Before now, patients requiring advanced MRI diagnostic services often faced prolonged waiting periods, exorbitant costs, and the burden of travelling long distances in search of functional imaging centres.
But it is believed that the intervention of the NNPC Foundation would provide succour to patients.
At the presentation of the items to the institution over the weekend, the chief executive of the NNPC, Mr Bashir Bayo Ojulari, represented by the Managing Director of NNPC Foundation, Mrs Emmanuella Arukwe, described the intervention as a strategic investment in healthcare access, diagnostic precision, and improved patient outcomes, noting that the facility aligns with the company’s commitment to building sustainable systems and impactful national institutions.
“The installation of the MRI in NAUTH exemplifies our commitment, as our intent is to build enduring institutions, sustainable systems and legacies. This intervention aligns with our conviction that access to quality healthcare underpins human dignity, longevity and economic productivity,” Mr Ojulari stated.
He described the company’s social investments as viable currencies that strengthen the relationship between the Company’s core mandate of providing and managing energy for Nigerians and meeting stakeholders’ expectations.
In his remarks, the Governor of Anambra State, Mr Charles Soludo, who was represented by the Commissioner for Health, Dr Afam Obidike, said the intervention would enhance safe and precise diagnosis and treatment for patients across the South-East region.
He also commended NNPC Foundation for donating the MRI facility to the state, noting that the intervention would significantly improve access to quality healthcare services for the people.
The Chief Medical Director of NAUTH, Prof Joseph Ugboaja, thanked the donor for the items, saying NNPC Foundation has demonstrated that corporate social responsibility is not just a policy statement but a lifeline for institutions like ours.
“For too long, patients in our catchment area have had to travel long distances to access this level of diagnostic precision, often at prohibitive costs. With this installation, we will eliminate that burden,” he enthused.
Health
Nigeria Launch €4.2m Initiative to Boost Capacity Against Outbreaks
By Adedapo Adesanya
Nigeria has launched a €4.2 million programme supported by the European Union (EU) and implemented by the World Health Organisation (WHO) to strengthen the country’s capacity to detect and respond to disease outbreaks.
The initiative, known as the EU Support to Public Health Institutes in Nigeria (EU SPIN), will be carried out over four years in partnership with the Federal Ministry of Health and Social Welfare.
It is aimed at improving the performance of selected public health institutions through better coordination, faster information sharing and enhanced workforce capacity.
Speaking at the launch in Abuja on Monday, the Minister of State for Health and Social Welfare, Mr Iziaq Adekunle Salako, described the programme as a significant step towards strengthening Nigeria’s healthcare system.
“This initiative is designed to strengthen our health institutions, and it is truly a welcome development. It will improve the well-being of Nigerians, especially our vulnerable populations,” he said, noting that it aligns with the federal government’s broader health reform agenda.
Nigeria continues to face a dual health burden, with recurring infectious disease outbreaks alongside a growing prevalence of non-communicable diseases such as hypertension and diabetes.
According to the WHO, non-communicable diseases now account for 27 per cent of deaths in the country, while malaria alone contributes about 30 per cent of global malaria fatalities.
Recurrent outbreaks of cholera, diphtheria, Lassa fever, meningitis and Mpox also remain a major public health concern.
The EU SPIN programme is expected to address systemic gaps that slow outbreak response by strengthening collaboration among public health institutions and clarifying roles across federal, state and local levels.
It will also support real-time data systems to enable quicker and more informed decision-making during health emergencies.
A key component of the initiative is workforce development, with plans to train up to 75 per cent of public health staff in leadership, prevention and response strategies, as well as digital skills.
The European Union Ambassador to Nigeria, Mr Gautier Mignon, said the programme reflects a shared commitment to building resilient health systems.
“Through EU SPIN, the European Union is investing in strong, digitally enabled public health institutions in Nigeria. This partnership underscores our commitment to health security and sustainable systems strengthening,” he said.
Also speaking, the WHO Representative in Nigeria, Mr Pavel Ursu, noted that improved coordination and digital tools would enhance the country’s ability to protect lives.
“By improving coordination, skills and digital tools, the project will help protect lives and keep communities healthier,” he said.
Officials said the programme would ultimately strengthen links between public health systems and primary healthcare services, ensuring that communities benefit from faster and more effective responses to health threats.
By 2028, the initiative is expected to deliver more efficient inter-agency coordination, clearer institutional responsibilities and more reliable public health data nationwide, with progress tracked through national monitoring systems and periodic reviews involving government and development partners.
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