Nigeria inflation
Wale Edun, the finance and coordinating minister of the economy under President Bola Ahmed Tinubu’s government, has pointed fingers at former President Muhammadu Buhari’s administration for Nigeria’s hyperinflation. Edun asserted that the administration’s indiscriminate printing of trillions of naira, totalling N22.7 trillion through the Central Bank of Nigeria’s Ways and Means overdraft from 2015 to […]
Nigeria’s inflation rate has surged to 29.90% in January 2024, marking a notable increase from the previous month’s 28.92%. This was revealed in the latest report from the National Bureau of Statistics (NBS) on Thursday, February 15, 2024, describing the mounting economic challenges facing the nation. The surge in inflation, driven primarily by food inflation […]
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