CBN’s monetary policy won’t solve inflation, World Bank warns

The World Bank has warned that the Central Bank of Nigeria’s (CBN) tightening of monetary policy will not effectively address inflation in the country.Food insecurity has remained high, with an estimated 135 million people in the region suffering from acute food insecurity in the form of a food crisis or worse conditions in 2024 (FSIN and GNAFC 2024). Prolonged droughts in parts of East Africa and floods in parts of Southern Africa, as well as intense and protracted violent conflict in countries of the Sahel zone and in the Horn of Africa, have contributed to high levels of
food insecurity.


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