Reason behind Nigeria’s rising inflation – CPPE

Reason behind Nigeria’s rising inflation – CPPE …C0NTINUE READING HERE >>>

The Centre for the Promotion of Private Enterprise, CPPE, has explained that Nigeria’s inflation which rose to 32.70 per cent in September 2024 has remained unsolved because key drivers have not been effectively subdued.

Muda Yusuf, the Executive Director of CPPE disclosed this on Monday while reacting to Nigeria’s latest inflation rate.

According to him, it is troubling that Nigeria is witnessing a resurgence of inflation after it eased in July and August 2024 despite monetary interventions.

He noted that the purchasing power of Nigerians had plunged over the past few months…

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