The International Monetary Fund (IMF) has predicted a decline in Nigeria’s inflation rate to 23 percent in 2024 and 15.5 percent in 2025.
Daniel Leigh, IMF division chief of research department, disclosed this at the fund’s World Economic Outlook (WEO) update press conference on Tuesday.
Nigeria’s inflation rate as of December 2023 stood at 28.92 percent, and has been on the rise for 11 consecutive months.
