Nigeria's inflation rate forecast to reach 34.25% in April due to fuel scarcity and food price increases.
Nigeria's inflation rate is forecast to reach 34.25% in April, driven by fuel scarcity and food price increases. Central Bank Governor, Olayemi Cardoso, plans to maintain high interest rates to combat inflation, with experts recommending fiscal policies and improved food and security programs to address cost-of-living concerns. The Monetary Policy Committee will continue tightening measures to reduce inflation, which has reached 33.20% in March.
May 13, 2024
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