Abdulmajidkhs
New Member
FOREX SCARCITY AND UNCONTROLLABLE INFLATION THREATEN NIGERIA'S ECONOMY
There was a time when Nigeria demonstrated resilience in the face of inflation, but that is no longer the case, owing to the age of terrible money politics that has characterized the political arena as the country approaches the general elections in 2023.
Previously, when other nations across the world battled rising costs, Africa's greatest economy had periods of decreasing inflation.
This anomaly was a good development for the Central Bank of Nigeria (CBN), since it allowed interest rates to remain steady in order to support economic growth.
There was a time when Nigeria demonstrated resilience in the face of inflation, but that is no longer the case, owing to the age of terrible money politics that has characterized the political arena as the country approaches the general elections in 2023.
Previously, when other nations across the world battled rising costs, Africa's greatest economy had periods of decreasing inflation.
This anomaly was a good development for the Central Bank of Nigeria (CBN), since it allowed interest rates to remain steady in order to support economic growth.
