EconomyNewsNigeriaInflation shoots up to 29.90% as Nigerians lament high cost of living
Nigerians continue to feel the pinch of President Bola Tinubu’s major decisions – scrapping the petrol subsidy and relaxing foreign exchange restrictions – as inflation climbed more than anticipated to a near 28-year high in January. The National Bureau of Statistics, NBS, says Nigeria’s headline inflation rate increased to 29.90 per cent in January. Last month’s rate is a 0.98 per cent increase from the 28.92 per cent recorded in December 2023. Tinubu’s policies caused...










