Business

CBN Governor, Cardoso, says Nigeria’s inflation rate will drop to 21% in 2024

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has assured that Nigeria’s inflation rate will drop to 21.4% in 2024 amid the rising prices of foodstuff and other commodities.


This was made known by Cardoso when he appeared before the House of Representative to brief lawmakers at the sectoral debate on the economy on Tuesday, February 6, 2024.


Cardoso, who lamented the high cost of living in the country, however noted that Nigeria’s economy is now better than the stage President Bola Tinubu met it when he was sworn in on May 29, 2023.