World Bank, in its June 2023 edition of the Nigeria Development Update, predicted that inflation will hit 25 per cent in 2023 due to the fuel subsidy removal. The Washington-based financial institution, however, noted that headline inflation will fall by the first quarter of 2024. “The removal of the petrol subsidy is anticipated to cause … Continue reading World Bank Predicts High Inflation, Cites Fuel Subsidy Removal As Reason