In Nigeria today, the monster of inflation is rearing its head with unrelenting intensity. Prices are spiralling out of control, and the average business owner and individual are grappling with the harsh reality of inflation's bite. While this economic challenge is not unique to Nigeria, its impact is profoundly felt by those at the bottom of the pyramid.
According to the National Bureau of Statistics (NBS), Nigeria's annual inflation rate climbed to 25.8 per cent in August 2023, from 24.08 per cent in July, marking the highest rate since September 2005. Experts point out that the rate reflects the impact of the removal of fuel subsidies, the devaluation of the official exchange rate and security issues in food-producing regions.
%20Taxation%20ethics,%20revenue%20neutrality%20&%20campaign%20finance%20paradox%20by%20Remmy%20Nweke%20-%20Telecoms%20Clinic@ITREALMS.jpg)
