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For the final 12 months, the worth of meals has been skyrocketing throughout Nigeria.
Shoppers are being pushed to the brink by ever growing prices. Growing gas costs, political adjustments and a weak foreign money are making it more durable than ever to make ends meet.
Inflation is presently sitting at 28.92% (the final time it was that top was in 1996) and economists really feel it’s prone to keep on growing within the months forward.
Final yr Nigerian President Bola Tinubu started a number of the boldest reforms the nation has skilled in a long time together with the scraping of a extremely popular gas subsidy and purposely devaluing the foreign money. The intention of the reforms has been to spark financial progress however the nation is experiencing rising pains because the adjustments hit residence.
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