Nigeria targets inflation rate of 12.4% for 2018

Nigeria targets inflation rate of 12.4% for 2018

Africa’s largest economy, Nigeria, said it is targeting about 12.4% inflation rate for the year 2018.

The latest projection was stated in the budget presentation for 2018 as presented to the joint committee of the National Assembly by President Muhammadu Buhari.

The government also targets to earn about NGN4.1 trillion from non-oil revenue while NGN2 trillion from oil revenue.