The World Bank has projected that inflation may hit 25 per cent in 2023 as a result of petrol subsidy removal.
This projection was contained in the June 2023 edition of the Nigeria Development Update.
However, the Washington-based bank noted that although there will be a significant increase in 2023, headline inflation will fall by the first quarter of 2024.
The report read, “The removal of the petrol subsidy is anticipated to cause a temporary increase in…
Read the full article here
