Tackling Inflation in Nigeria... Time to get Fiscal?

Inflation is a phenomenon that has plagued Nigeria's economy for several decades. The country has experienced several periods of high inflation, which has had a significant impact on the standard of living of Nigerians at all levels. This article will explore inflation in Nigeria, from its colonial past to the present day and examine approaches that may be effective in tackling this faceless thief of value.

During the colonial era, Nigeria's economy was mainly based on agriculture, with most of the country's wealth being generated from the export of cash crops such as cocoa, groundnut, and palm oil. However, this changed with the discovery of crude oil in the 1950s, which became the mainstay of the Nigerian economy. The oil boom of the 1970s led to rapid economic growth and development, but it also had unintended consequences, including high inflation.

To read the rest of the article, please click this link to my blog (Dreaming of Wakanda). https://dreamingofwakanda.blogspot.com/2023/05/tackling-inflation-in-nigeria-time-to.html