The International Monetary Fund has predicted a decline in Nigeria’s inflation rate to 23 per cent in 2024 and 15.5 per cent 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 per cent, and has been on the rise for 11 consecutive months.
