By Abidemi Samuel
Kindly share this news
A recent report by PwC, a leading professional services firm, has provided a glimmer of hope for Nigeria’s economy, projecting a significant decline in inflation rates by 2025. According to the report, inflation in Nigeria is expected to drop to 26% in 2025, a notable decrease from current levels.This positive forecast is attributed to the anticipated implementation of tighter monetary policies by the Central Bank of Nigeria (CBN). The CBN’s efforts to stabilize the economy and curb inflationary pressures are expected to yield fruitful results, leading to a decline in inflation rates.PwC’s projection is based on a comprehensive analysis of Nigeria’s economic trends, taking into account factors such as government policies, global economic developments, and demographic changes. The report highlights the importance of sustained policy interventions to achieve economic stability and drive growth.While the projected decline in inflation is a welcome development, it is essential to acknowledge the challenges that still lie ahead. Nigeria’s economy continues to face significant headwinds, including a high debt burden, infrastructure deficits, and security concerns.
Kindly share this news!!!