Inflation: Statistician cautions politicians, government against reckless spending (Punch)

A statistician, Dr Olusanya Olubusoye has advised politicians and government at all levels against reckless fiscal spending to prevent inflation ahead of the 2019 elections.

Olubusoye, a lecturer at the Department of Statistics, University of Ibadan, gave the advice in an interview with the News Agency of Nigeria (NAN) in Abuja on Monday, while reacting to March inflation figures.

Nigeria’s inflation rate measured by the Consumer Price Index (CPI) dropped from 14.33 in February to 13.34 per cent in March year-on-year, according to the National Bureau of Statistics (NBS). Read more