Some experts, in separate interviews on Sunday, called for the full implementation of zero duty on imported food produce and local production of refined petroleum products to check Nigeria’s inflation rate.
The National Bureau of Statistics stated that Nigeria’s inflation rate declined to 33.40 per cent in July, showing a decline of 0.8 per cent compared with 34.19 per cent reported in June.
This is the first decline in the inflation rate in the last 19 months.
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