Rising unemployment, inflation make Nigeria’s optimistic non-oil revenue projection worse

Rising unemployment and inflation in Nigeria are fresh hurdles the government, already faced with tepid economic growth, must scale through to meet an ambitious N4.83 trillion non-oil revenue projection for 2020.

Nigeria’s inflation rose to a two-year high of 12.82 percent in July from 12.56 percent the month before, while unemployment rose substantially from 23.1…


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