Nigeria grapples with the complexities of inflation as the world anticipates a steady decline in the overall inflation rate from 8.7 percent in 2022 to 6.9 percent in 2023 and further to 5.8 percent in 2024. This projection, attributed to tighter monetary policy measures and decreasing international commodity prices, paints a positive picture for the global economy. However, it raises concerns for Nigeria, where core inflation is expected to decline more gradually, with a return to target levels not anticipated until 2025.

The global economic landscape has prompted countries worldwide to adopt various conventional monetary policy measures to navigate the.....

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