Nigeria’s rising inflation pushes country to bottom of global quality-of-life rankings

Nigeria’s persistent inflationary pressures person pushed Africa’s astir populous state to the bottommost of planetary quality-of-life rankings.

This comes arsenic Nigerian households and businesses proceed to suffer, with the ostentation complaint rising for the 3rd consecutive period successful 2026 to 15.93 percent successful May.

The National Bureau of Statistics (NBS), successful its Consumer Price Index and ostentation report, said header and nutrient ostentation roseate to 15.93 percent and 16.96 percent successful May from 15.69 percent and 16.09 percent, respectively, recorded successful April.

Accordingly, the country’s header and nutrient ostentation accrued by 0.24 and 0.87 percent points, respectively.

NBS information further showed that, connected a month-on-month basis, header and nutrient ostentation stood astatine 1.75 percent and 2.98 percent, respectively.

This means that the country’s inflationary inclination has persisted implicit the past 3 months. Rising prices of food, transportation, housing, and vigor person remained the biggest contributors to the country’s escalating ostentation rate.

The far-reaching accusation is simply a higher outgo of surviving and shrinking purchasing powerfulness for the bulk of Nigerians. This is wherefore Nigeria ranked lowest successful the Quality of Life Index 2026, according to the latest information released by Numbeo. The state sat astatine the bot...