Nigeria’s Inflation Rate May Hit 16.1% In 2022

Social and political turmoil, most notably in West Africa, also weighs on the outlook.” IMF’s figure is higher than that of theNational Bureau of Statistics(NBS) which showed that Nigeria’s inflation rate rose to 15.92 per cent in March.

It is understood that this new rate is the highest the country has recorded since October 2021, when the inflation rate hit 15.99 per cent..

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Nigeria’s Inflation Rate May Hit 16.1% In 2022 – IMF