Nigeria Hits 28-Year High Inflation of 33% as Food and Energy Costs Soar

• Nigeria's inflation rose to 33.20% in March, a 28-year high • Food and energy costs are driving the inflation increases • This marks the 15th straight month consumer inflation has risen • Food inflation specifically hit 40.01% in March • The government has taken some steps to address inflation like raising interest rates and distributing grains, but prices pressures continue