WATCH THE VIDEO HERE By Kenechukwu Aguolu According to the National Bureau of Statistics, Nigeria’s headline inflation rate stood at 33.95% in May 2024, the highest level recorded in 28 years. However, there is a glimmer of hope as the month-on-month inflation rate has decelerated since March 2024. The Governor of the Central Bank of Nigeria (CBN), Dr Yemi Cardoso, attributed this decline to the effectiveness of the Bank’s monetary policy measures; which includes an increase in the benchmark interest rate. The World Bank, however, has expressed scepticism about the hike in the baseline interest rate; if it will tame inflation. The private sector
Optimism as Nigeria Tames Inflation
