Tough Festive Season Looms for Nigerians as Inflation Soars Amid Limited Government Measures
Nigerians face a challenging festive season as inflation continues to surge, reaching 34.60% in November, exacerbating the country’s economic strain. Despite government interventions like free train services and central bank policies, experts argue these measures are insufficient. Economists stress the need for stronger fiscal actions, such as tax waivers and subsidies, to combat rising production and transportation costs. With food inflation also spiking to 39.93%, analysts warn that purchasing power will further erode, leaving many citizens struggling through the holiday season.
