Economist – InfoStride News

Economists Blame Energy Costs as Inflation Surges to 33.88%

Temitope Nlewemchi — Sat, 16 Nov 2024 12:57:13 +0000

Nigeria’s inflation rate hit a staggering 33.88% in October, driven primarily by soaring energy costs. The surge, the highest in recent years, has compounded economic challenges for businesses and households alike. The Role of Energy Costs Economic experts highlight rising energy expenses as the core factor behind the inflationary trend: – **Fuel Prices**: The removal [...]

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Economists Blame Naira Crash, Fuel Price as Inflation Hits 30%

Temitope Nlewemchi — Sun, 18 Feb 2024 16:03:49 +0000

Economists are attributing the recent crash of the naira and the surge in fuel prices as significant factors contributing to a spike in inflation, which has now reached 30%. The combination of currency depreciation and rising fuel costs is posing challenges to the economy, impacting the cost of goods and services. As Infostride News closely [...]

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Economists Advocate for Nigeria to Rebase its Economy Ten Years On

Temitope Nlewemchi — Tue, 30 Jan 2024 10:01:22 +0000

Economists are urging Nigeria to rebase its economy, a decade after the last rebasing exercise. This call highlights the importance of accurate economic data in understanding the country’s economic structure, identifying growth sectors, and formulating effective policies. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including insights into the reasons behind [...]

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