#NGAWatch 🇳🇬🚨
Nigeria’s inflation crisis is intensifying. 📈 In December, headline inflation jumped to a staggering 31.2% YoY, putting more pressure on households and businesses.
Meanwhile, money supply (M3) is growing at 15.2% YoY — exceeding Hanke’s recommended Golden Growth Rate of 11.8–14.8%, the range considered consistent with Nigeria’s 6–9% inflation target.
⚠️ Takeaway: Liquidity is still running too hot, and inflationary pressure isn’t cooling anytime soon.