Financial Derivatives Company (FDC) Limited has said it expects December 2019 headline inflation rate to edge up to 12.10per cent in December from 11.85per cent in November 2019.
The firm said: “Our survey indicates a likely increase in the headline inflation to 12.10 per cent in December from 11.85 per cent in November. If our projection is correct, it will be the 4th consecutive month of rising inflation.
“Beyond the border closure impact, other inflation induced factors were noticed in the month. These include liquidity surfeit due to the CBN’s Loan to Deposit Ratio (LDR) mandate and minimum wage implementation as well as a marginal depreciation of the currency.”
It’s so amazing how inflationary rate in Nigeria grew from 6.5% in 2015 to 12.2% in 2020.
DESPITE the huge debt profile which stands at N24 Trillion; Foreign Investors are scared to do business in Nigeria.
Nigeria cannot REFINE her petroleum which is the major problem on overhead issues in Nigeria.