Even after increasing its monetary policy rate (interest rate), Nigeria’s inflation rate is now 20% higher than the World Bank’s prediction of 15.5%. In its most recent report, ‘Nigeria Development Update (June 2022): The Persistence of Business as Usual,’ The global bank predicted that Nigeria’s inflation rate would be higher than expected, reaching 15.5 percent. … Continue reading Nigeria’s Inflation Exceeds World Bank’s Forecast By 20%