The Federal Government’s goal of short-term, single-digit inflation is unrealistic, according to the World Bank, which also cautions that Nigeria is still one of the few African nations experiencing high consumer price inflation. Nigeria, along with Angola, Ethiopia, Ghana, Malawi, Sudan, Zambia, São Tomé and Príncipe, and Zimbabwe, is expected to maintain double-digit inflation rates through 2025, according to the Bank’s most recent Africa’s Pulse report, which was made public on Tuesday. According to the report, Nigeria is still an anomaly because of enduring structural issues like currency depreciation, high…
World Bank Dismisses Nigeria’s Single-Digit Inflation Goal as Unrealistic
