The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has declared that Nigeria’s economy is experiencing appreciable growth that may see the high inflation rate in the country come down drastically in a few months. Edun made the revelation when he was featured as a guest on Sunday’s edition of Channels Television’s Politics Today. The National Bureau of Statistics reported in its April consumer price index that Nigeria’s inflation rate rose to 33.20 per cent in March 2024 — up from 31.70 per cent in FebruaryAccording to the bureau, food inflation also surged to 40.01 per cent in the month under review. But the minister reiterated on Sunday that the situation was under control as the reforms and economic policies of President Bola Tinubu are gradually paying off. “On the other indices, the important thing is that the economy is actually growing.

Source: Punch June 03, 2024 04:46 UTC