Fuel Subsidy Removal and FX Unification to Drive Inflation to 30%, Says KPMG Report
KPMG, a global financial advisory service firm, has forecasted that Nigeria’s headline inflation will surge to 30% by December 2023. The country’s current headline inflation rate stands at 26.72% as of September 2023. KPMG attributes this projected spike in prices to recent reforms in the petroleum industry, including the removal of fuel subsidies and the…