Nigeria’s Inflation Surges to 32.70% in September 2024 Amid Fuel Price Hike
Nigeria’s inflation rate jumped to 32.70% in September 2024, a sharp rise from 32.15% recorded in August. This increase, reported by the National Bureau of Statistics (NBS) in its Consumer Price Index and Inflation report for September, has largely been driven by a series of fuel price hikes across the country. One of the key […]
Nigeria Seeks $500 Million World Bank Loan to Improve Rural Roads and Address Food Price Hike
The Nigerian government is requesting a $500 million loan from the World Bank to repair rural roads, enhance nationwide access to agricultural products, and combat rising food prices. The World Bank indicated that this funding will benefit 92 million rural residents lacking proper road networks. Nigeria’s government submitted this funding request as part of the […]