Nigerians are Frustrated after the Country’s Inflation Rate Rose to 18.17% in March

Earlier today, the Nigerian Bureau of Statistics (NBS) disclosed that the country’s inflation rate had risen from the 17.33% that was reported in February this year to 18.17% in March. This marks the highest increase ever.

On a more worrisome note, the report also showed that food inflation and core inflation increased from 21.79% and 12.38% in February this year to 22.95% and 12.67% in March, respectively. See the full report by checking the official Twitter handle of the NBS.

NBS has published the Q4 2020 Unemployment/Underemployment report. You can download the report on the NBS website @ https://t.co/Bf9NpV2eTU pic.twitter.com/dJQOfLrZni

— NBS Nigeria (@NBS_Nigeria) March 15, 2021

In the meantime, the development came as a very rude shock to many Nigerians. As a result, they took to Twitter to express their frustration over the rising inflation rate. But more than that, Nigerians wanted to know what is being done to address the situation, even as they expressed worry about about Federal Government’s questionable fiscal policies.

Nigeria's Inflation rate is on a steady increase. What Buhari's @NGRPresident doing to curb this? CBN printing more money?

At least, GEJ worked with his team to drop it year-in, year-on. pic.twitter.com/SkSItvJzDI

— Mister Man (@egbojalaughter) April 15, 2021

What is President Muhammadu Buhari and his Ministers doing to address the situation? Well, opinions about that are rife and wild, as you can see below.

A man cannot give what he does not have.

On the other hand, they may be deliberately working to keep the people poor and poorer with the knowledge of what to do but refuse.

Whatever their intentions are, it's all evil.

— Nicholas Eke (@NicholasEke1) April 15, 2021

Quite frankly, the reactions to the March inflation are numerous. Apparently, we cannot summarise them all here. So, we are just going to highlight a few more of the most interesting ones below.

Inflation Rate
Buharinomics:
1984: 17.82%
2021: 18.17%

Abacha:
1997: 8.53%
1998: 10%
So Abacha performed better than Buhari in terms of management of the economy.

What Buhari cannot destroy, does not exist!! God bless the Federal Republic of Nigeria!!

— NEFERTITI (@firstladyship) April 15, 2021

BREAKING: Inflation rate hits 18.17% on surging food costs — NBS

Shamsuna Ahmed; the worst Finance Min in history, is borrowing, while CBN Emefiele prints more monies. Nigeria is insolvent coupled with the Stagflation. She is heading towards the Venezuela Hyperinflation Crisis. pic.twitter.com/OYzQg7pt2y

— NEFERTITI (@firstladyship) April 15, 2021

Nigerian Government doesn't even react to inflation and unemployment reports, it's just another day in the hood, no press conferences with Journalists asking the tough questions. NBS boss drops on his private account, we share a few tweets and move on.

— Ayobami 🇺🇦 (@dondekojo) April 15, 2021