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No quick fix for spiralling inflation, say experts - The Nation Newspaper thenationonlineng.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationonlineng.net Daily Mail and Mail on Sunday newspapers.
Punch Newspapers Sections Okechukwu Nnodim, Abuja Economic analysts on Tuesday said the continued rise in the rate of inflation across the country showed that the fight against inflation by the Central Bank of Nigeria was failing. Experts in firms such as the Financial Derivatives Company Limited and Cordros Group, both renowned financial services organisations, stated that the rise in Nigeria’s rate of inflation had lingered for about four years. “As widely expected, headline inflation jumped to its highest level in almost four years, serving as a rude awakening to the CBN that its fight against inflation is failing,” the FDC stated while analysing the country’s latest inflation figure. ....