FX unification, subsidy removal to raise inflation short - term- Kale

FX unification, subsidy removal to raise inflation short – term- Kale

Afreximbank sees Nigeria’s inflation easing to 14% by 2026

Yemi Kale, group chief economist/managing director of Afreximbank

The federal government’s decision to remove petrol subsidy and also unify the country’s exchange rate will result in a spike in the rate of inflation for June and July 2023, as an immediate consequence of both policies. Yemi Kale, partner and chief economist, KPMG Nigeria noted this in a repo

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