Nigeria: Rising cost of living, crashing quality of life

National Daily Newspaper

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Nigeria: Rising cost of living, crashing quality of life

It borders on stating the obvious to say that recent economic reforms in Nigeria, particularly the removal of fuel subsidies and fully floating the local currency, have significantly negatively impacted many Nigerians. Inflation and poverty rates have been driven sky-high, leaving millions of the citizens struggling to afford basic necessities of life. A tracking of the rate at which prices of goods and services are increasing—inflation—in the p…