Cabinet Revision: Realism versus Expectations – By Dakuku Peterside …C0NTINUE READING HERE >>>
Nigeria is in the grip of a severe economic crisis, with high inflation, volatile exchange rates, and a steep rise in the cost of living. The inflation rate, which soared to over 30% in the second quarter of 2024, has put immense strain on household budgets, making it increasingly difficult for many Nigerians to afford basic necessities such as food, healthcare, and housing. The situation has been worsened by the depreciation of the naira, which plummeted to historic lows against the US dollar, trading at over ₦1600 to $1 in recent days. This economic turmoil, coupled with…
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