Economic Update for Nigeria: Mid-June 2024 As of mid-June 2024, Nigeria is experiencing significant economic volatility, marked by persistent inflation, labour unrest, and currency devaluation. The economic landscape is largely influenced by domestic policy decisions, ongoing labour disputes, and external economic pressures. Inflation Trends: Nigeria’s inflation rate has continued to rise, reaching 33.95% in May …
Security Update: Rising Violence and Abductions in Nigeria Recent incidents across Nigeria have highlighted the escalating security challenges confronting the nation: Sokoto State Attack: On Sallah day, armed assailants believed to be terrorists invaded Tudun Doki village in Gwadabawa Local Government Area around 1:30 AM. Six individuals were confirmed dead by police, with several …
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Understanding Overfitting in Random Forest and Mitigation Strategies with Regularization – By Tewogbade Shakir Overfitting is a common challenge in machine learning, where a model performs exceptionally well on training data but fails to generalize to unseen data. This phenomenon can significantly hinder the model’s predictive capabilities in real-world applications. Random Forest, a powerful ensemble …
📢 Insecurity Update in Nigeria: End of Month Report – May 2024 On May 25, 2024, in Unguwar Lamido, Guga Ward, Bakori LGA, Katsina State, there were two tragic incidents. Eight individuals were killed, and 26 were kidnapped in a single day. In a separate location, Gidan Kare near Lamido, 26 people were killed, with …
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ECONOMIC UPDATE: END MAY 2024 REPORT Inflation in Nigeria continued to rise, impacting the cost of living and increasing economic pressure on households. The rising inflation rate has been a significant concern for many Nigerians as it erodes purchasing power and affects daily life. Additionally, Nigeria is facing a foreign exchange rate crisis. This situation …
