Key questions:
-
Nigeria's inflation rate has stayed in the high double digits since 2016, but the effects vary across the 36 states and FCT. Why is looking at the national and state inflation rate critical now?
-
The varied impact of inflation in different states is driven by several factors, from food to fuel. How do the dynamics of each state contribute to rising commodity prices across the country?
Sometimes, things happen that make me question how sustainable living in Nigeria is in the long run. Not to come off as dramatic, but finding out last weekend that Chicken Republic’s Refuel Meal now sells for ₦1,000 was one of those moments.
Just a year ago, I was putting my ₦33,000 NYSC allowance to good use; my affordable go-to lunch was the Refuel Meal which sold for ₦500 at the time (i.e. ₦15,000 monthly), and I was left with ₦18,000 to cover