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.
Get a premium automobile insurance coverage for your vehicle for as low as #15000 only and claim up to #3,000,000 in damages @Zenith Insurance To signup: WhatsApp/Call: +2349028313757