Posted 1/13/2024, 8:06:45 PM
Inflation Soars Above 30% in Nigeria's Costliest States, Squeezing Households
- Kogi, Lagos, and Rivers top the list as Nigeria's most expensive states to live in, with inflation rates over 30%
- High inflation is making life challenging for Nigerians, eroding purchasing power and straining household budgets
- Basic necessities like food, transportation, healthcare, and education costs have surged, making it hard for families to afford decent living standards
- Vulnerable groups are being hit the hardest by the rising prices and cost of living
- Expert suggests government interventions like subsidies and social safety nets to provide relief, along with long-term reforms to address root causes