The World Bank forecasts Nigeria’s inflation to decrease to about 24.8% this year, with a further reduction to 15.1% by 2026, attributed to monetary policy adjustments and exchange rate stabilization. Nigeria is expected to see growth rates of 3.3% in 2024 and 3.6% in the following years. The central bank has increased the Cash Reserve Ratio (CRR) to 45% from 32.5% to mitigate inflation, partly blamed on increased money supply and the weakening naira.