Nigeria faces inflation “incomparable compared to anything we have known so far’ In recent months, the national currency has collapsed against the dollar and inflation has soared. Philip Anegbe, vice-president of Cardinal Stone, a consultancy firm based in Lagos, discusses the mechanisms of this crisis.
He says the inflation is one of the consequences of President Bola Tinubu's reforms. The partial lifting of gasoline subsidies, efforts to deregulate the exchange rate, all of this has increased costs and has an impact on prices.