The Federal Government said the Nigerian economy is moving in the right direction as policies of President Bola Tinubu’s administration have started slowing down food inflation.
“If you look closely at the numbers that came out yesterday , you will see that there is a slowing of the rate of increase of food inflation, things are moving in the right direction, government revenues are up, even oil revenues are up but not as much as we will like.”Recall that prices of food and basic commodities have been on the rise in the last weeks, as Nigerians witness toughest economic crises sparked by policies of petrol subsidy removal and unification of forex windows.
The NBS said Nigeria’s inflation rate jumped to 33.20% in March 2024 compared to February 2024 headline inflation rate which was 31.70%.
Source: Financial Digest (financialdigest.net)
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