The level of Inflation in Nigeria is nothing compared to Developed Countries

The inflation situation across the world is grim and citizens are complaining about rising prices of food and household items. In Nigeria, the inflation is biting and it is largely because of the COVID-19 pandemic across the world.

The lockdown slowed manufacturing and production. It almost brought agriculture to a comatose and this have had telling effects on the economies world over.

Below are the inflation figures across the world.