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Surging inflation spikes poverty, threatens growth

Nigerians are grappling with continuously eroding purchasing power in the face of inflationary pressure that has maintained a worrisome upward trajectory. This is in total defiance of concerted efforts by the Central Bank of Nigeria (CBN) to save the nation’s economy from the devastating effects of untamed inflation.

Nigeria s Inflation rate rises to 22 04% | The Guardian Nigeria News - Nigeria and World News — Nigeria — The Guardian Nigeria News – Nigeria and World News

Nigeria’s inflation rate has risen to 22.04 per cent in the month of March from 21.91 per cent in February 2023, the National Bureau of Statistics (NBS) said, yesterday, disclosing it is the third consecutive rise in inflation this year.

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