Connect with us


Nigeria News

“Come And See Buhari Wonder” – Reactions As Inflation Rate In Nigeria Hits 18.17%


Nigeria's Inflation Hits 16.82% In April - NBS

The disclosure on Thursday by the National Bureau of Statistics (NBS) that the inflation rate in Nigeria has hit a new record of 18.17% has attracted reactions from the citizens.

It would be recalled as previously reported by Naija News that the NBS on Thursday released the report for the consumer price index/inflation for the month of March.

The consumer price index measures the rate of increase in the price of goods and services in the country.

According to the agency, the consumer price index increased to 18.17 percent in March from 17.33 in February.

It added that the food inflation also increased by 1.16 percent on a year-on-year basis from 21.79 percent in February to 22.95 in March.

The latest figures released by the NBS show that inflation in Nigeria is currently at the highest level in about four years and many Nigerians took to Twitter to ask what the President Muhammadu Buhari administration and the economic team would do to arrest the situation.

Below are some reactions from Nigerians after the new inflation rate was announced.