A former governor of the Central Bank of Nigeria (CBN), Kingsley Muoghalu, said the inflationary rate surge to 20.52 per cent, as revealed by the National Bureau of Statistics (NBS) on September 15, would see many Nigerians struggling to feed.
Muoghalu, positing many Nigerians would be pushed further into poverty, said, “It’s going to increase poverty. Let’s consider people that manufacture sachet water and the mama put sellers. When they can no longer buy beans, yam, vegetables that people in the streets eat, they are going into poverty.
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“When families cannot afford price of egg or basic food items to balance their diet, then you will have malnutrition. Rising inflation fuels all…