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Nigeria Crisis by Abdullah Azzam Sidqi
Manage episode 378038134 series 3282391
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Nigeria Crisis
In Nigeria, prices go up a lot in August. Every year, the country looks at how much things cost. This is called inflation. And this time, it is really high at 25.8%. It is the highest number in 18 years.
President Bola Tinubu does some things in May which make prices go up. He stops giving extra money to people and companies for petrol. He changes the way how money works between countries. This means that food and transport cost more now. And people are very upset. This is the eighth month in a row that prices go up. The number is the highest since 2005.
Experts say that this happens because the money in Nigeria is more expensive. Some things, like fuel and food, cost more. The central bank is going to decide what to do with money on 26 September.
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