New Minimum Wage, FAAC Allocation, and Supplementary Budget May Drive Up Nigeria’s Inflation – Agusto & Co

Agusto & Co, a prominent credit rating agency, has issued a cautionary statement regarding Nigeria’s inflation, warning that the recent slight moderation could be short-lived due to several imminent fiscal measures. The agency’s concerns are primarily centered on the proposed supplementary budget, increased Federation Account Allocation Committee (FAAC) disbursements, and the upcoming minimum wage hike, [...]The post New Minimum Wage, FAAC Allocation, and Supplementary Budget May Drive Up Nigeria’s Inflation – Agusto & Co appeared first on Tekedia.

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