Nigeria has been ranked at the bottom of global quality-of-life indices due to a significant rise in inflation, which has exacerbated economic challenges for many households and businesses. According to the National Bureau of Statistics (NBS), inflation rates have continued to increase, with the latest data from May 2026 indicating a persistent upward trend. This economic situation underscores the difficulties faced by millions of Nigerians as they navigate rising costs of living and diminishing purchasing power.
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