Inflation weakens naira by 15% in 2022 – NESG Report

The Nigerian Economic Summit Group has said that inflation weakened the naira by 14.9 per cent, adding that the naira redesign plan of the Central Bank of Nigeria triggered the devaluation of the country’s currency. The NESG said this in its 2023 Macroeconomic Outlook Report titled ‘Nigeria in Transition: Recipes for Shared Prosperity.’ The report