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Inflation in Nigeria is still climbing while it has slowed globally: here’s why

By Stephen Onyeiwu, Professor of Economics & Business, Allegheny College

Just as Nigerians were gradually digging out from the devastating effects of the COVID-19 pandemic, they were hit by high inflation.

The Nigerian economy contracted by 6.1% at the peak of COVID in the second quarter of 2020. Unemployment rate…

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