Tag

Economy

#ChartoftheDay: Nigeria’s Inflationary Trend Movement (2020-2021)

Nigeria’s inflation rate continues to decline according to the CBN inflation data. The headline inflation rate as of October 2021 stands at 15.99%, maintaining a steady decline from March 2021 when it was 18.17%. The food inflation rate and core inflation rate stand at 18.34% and 13.24% respectively of October 2021.

Latest Reports

Nigerians are getting poorer contrary to Buhari’s claim

The good people of Nigeria will remain very poor for a long time to come, the 2021 report of the United Nations (UN) Sustainable Development Goals (SDGs) revealed. Nigeria’s chances of achieving Goal 1 of the SDGs, which is the attainment of zero poverty among its people by the year 2030, appear slim, as the country’s poverty headcount is soaring high still, instead of reducing.