The Centre for the Promotion of Private Enterprise, CPPE, said the Nigerian government should activate all fiscal tools to tackle inflation. Muda Yusuf, the Director of CPPE, disclosed this on Wednesday, while reacting to Nigeria's latest headline inflation figure. DAILY POST reports that Nigeria's inflation figure rose to 33.
The Centre for the Promotion of Private Enterprise, CPPE , said the Nigerian government should activate all fiscal tools to tackle inflation. Muda Yusuf, the Director of CPPE , disclosed this on Wednesday, while reacting to Nigeria's latest headline inflation figure.
reports that Nigeria's inflation figure rose to 33.69 per cent in April 2024. However, CPPE urged that the Central Bank of Nigeria double down on tightening monetary policy measures through interest rate hikes, which stood at 22.75 per cent in March. 'Persistent inflationary pressures in the Nigerian economy remain a major cause for concern because they impact purchasing power and operating costs for businesses. 'Although the key inflation drivers are yet to significantly moderate.
reports that Nigerians' economic hardship worsened as food inflation rose to 40.53 per cent in April.
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