NewStats: 3,264,682 , 8,184,405 topics. Date: Thursday, 12 June 2025 at 01:59 AM 3w2e4v

The Central Bank of Nigeria’s governor expects headline inflation to fall to 21.4 per cent in 2024.

The apex bank’s governor disclosed this during his keynote speech at the launching of the Nigerian Economic Summit Group macroeconomic outlook report for 2024.

He said, “Inflationary pressures are expected to decline in 2024 due to the CBN’s inflation-targeting policy, which aims to rein in inflation to 21.4 per cent.”

According to him, the inflation targeting will help the government in its battle against inflation which hit 28.9 per cent in December. Lower rates will ultimately affect businesses, he alluded.

“The outlook for decreasing inflation in 2024 will have a profound impact on businesses, providing a more predictable cost environment and potentially leading to lower policy rates, stimulating investment, fueling growth, and creating job opportunities,” Cardoso said.

https://punchng.com/inflation-to-fall-in-2024-cardoso/?amp

Inflation dey fall for Nigeria?

Inflation to reduce? In Nigeria?

Well, let's see.

For me I no believe

Hehehe.

And the blind permutations continue .

Inflation will fall only in his imagination and paper. Oga just da whine Nigerians,he should go out of his well furnished office and see the plight of Nigerians.

These guys are really out of touch with reality.

Which year are we in please somebody should remind me again.....otumba lamba on the beat again

Damnnn niggar

Talking Talking

Mtcheeeeeeeeeeeeeeeeeew

If you like, listen to social media people and don’t network and be waiting for government to do wonders in your life, ebi a pa kisa si e lara

Will, to, may, likely....this has been APC's deception.

You will never hear has, was, already, done.

Nigerians had it coming alright by not looking before they leaped into the dark in 2015

That's common knowledge for anyone following world economics. The US, Canada, EU e.t.c have stopped raising interest rate. There will likely be cuts starting from middle of this year.

Righthussle:
Inflation dey fall for Nigeria?

That's because alot of Nigerian traders are normally greedy people.

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By borrowing dollars to stabilize the naira

Righthussle:
Inflation dey fall for Nigeria?

U dey mind that ninja faced baga

Who will help Nigeria

My joy is that the current economic meltdown knows no tribe or religion.

Inflation does not fall just by releasing media statements..

Action, Action... what are they doing to bolster the economy??

Why the overdependecy in "dollar"?

I still can't understand why when someone need to pay their supplier in China, their children 's school fees or medical bills abroad.. they have to go to BDC to "buy" dollar and then come and deposit the dollar in a bank to effect the transfer?

It's not like the bank will carry the money cash to deposit to bank of England or bank of China or bank of India.. the transaction is run electronically so why can't individuals just go to their bank and conduct a Wire transfer at an official rate.. their bank deducts the money in naira from their and wire the money to the intended recipients abroad??

talk talk govt

Idiot thinks ALL Nigerians are idiots.

What EXACTLY are the "inflation-targeting policies" he's referring to?

Anybody with commonsense knows this is NONSENSE.

Inflation is NOT going to fall. Even if the nominal wuruwuru calculations show a reduced inflation rate, it would be a LIE.

Basic concept of inflation is too MUCH money chasing too FEW goods.

Farmers CANNOT enter their farms to produce goods because of BANDITS. Which means fewer goods would make it to the market.

In other words, the hungry population would be left to battle for the little that do make it to the market, hence INFLATION.

FOR IMPORTED GOODS:

Too FEW dollars available for so MUCH Naira.

So importers would have to pay MORE to get their dollars which translates to HIGHER purchase prices that would be transferred to the final consumers.

Hence, INFLATION!

So WTF is Cardoso talking about?

Sharrap…

He think he's smart .
Are we in 2023? Why not be particular about the quarter of 2024 this prediction is supposed to happen.

Because na you hold inflation for neck at gun point na

Na only breasts dey fall for Nigeria .


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Paraman:



https://punchng.com/inflation-to-fall-in-2024-cardoso/?amp

Summary: If your transport fare is #1,500 Naira, expect it to reach #1,800 Naira by end of the year, instead of #2,000 Naira.

Las las, prices of goods and services will still increase this year.

Great news.
We no go gree for any bad news this year.

Amen to this news.

Any how it will happen, let it come to .

Hmm.... inflation targeting when almost everything consumed is imported. Importation has many parts to play in our inflation and except we are targeting all those ways in which importation leads to inflation, this might end up being more talk than reality.

a thief gave out all he had to become the king .what good news do you need if he had not recovered all he spent.last year I said dollar will hit 1500 before june.ok it will now hit 2000 before December

It will surprise you all…

Let us write your dissertations and assignment with zero plagiarism…

Check our signature…

Useless man

From 200# ecrise to 1300# under APC, then soon, 1500# then it falls to 1450# then u want Nigerians 2 clap. Idoots

If Nigeria was working, this Man would have since resigned or be fired

Citizens live on baseless promises while the leaders are living large

They said things would get better but bf u know it, it would be 2027

Then they would say they want another chance to finish the "good" work they have started

Empty promises