Turning the Corner: A New Compact between Nigeria's People and State

30 Percent OF EASING INFLATION SINCE MID-YEAR ...CONTRIBUTING TO NIGERIA DIVERGING FROM THE GLOBAL TREND CPI inflation (yoy) 0 25 20 15 10 5 Jan 2018 Mar 2018 May 2018 Jul 2018 Sep 2018 Nov 2018 Jan 2019 Mar 2019 May 2019 Jul 2019 Sep 2019 Nov 2019 Jan 2020 Mar 2020 May 2020 Jul 2020 Sep 2020 Nov 2020 Jan 2021 Mar 2021 May 2021 Jul 2021 Sep 2021 Nov 2021 Jan 2022 Mar 2022 May 2022 Jul 2022 NIGERIA THE WORLD BANK IBRD ⚫IDA | WORLD BANK GROUP Kenya 000 - Nigeria South Africa Source: CBN, IMF and WB United States Sep 2022 Nov 2022 Jan 2023 Mar 2023 May 2023 Jul 2023 Sep 2023 10

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