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Nigerian govt’s response to inflation inadequate – World Bank

The World Bank has said that the Federal Government’s response to inflation is inadequate as the country continues to suffer double-digit inflation.

According to the lending bank, inflation is currently pushing many Nigerians into poverty and food insecurity.

The Washington-based bank said this in its latest Nigeria Development Update report, titled, ‘The Continuing Urgency of Business Unusual’.

The report read in part, “Despite the urgency, the authorities’ response over the last two years has not been adequate, and inflation has increased and fuelled poverty and food insecurity.”

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