Nigerians & Nigerians are presently battling a rather humongous or skyrocketing inflation rate and unemployment rate. Accrediting to the Nigerian bureau of statistics, the inflation rate currently stands at 18% while unemployment rate is at 33%. But these numbers don’t tell the true reality compared to what’s obtainable in the markets, labor & commodities. The effect on this on the overall economy cannot be overemphasized, coupled with the unpredictable Naira to dollar exchanges rates which currently sits at NGN500 to 1 dollar.
The Negative Influence of Nigeria’s Security on the Economy.
