Nigeria's headline inflation rate rose to 15.75% in the month of December 2020 (from 14.89% in November) according to a recent report published by the National Bureau of Statistics (NBS), the inflation rate represented the highest monthly rate increase since the beginning of 2020.
At a media briefing held on Thursday, January 14, 2020, the Lagos State Government gave a breakdown of its 2021 budget which it called a 'Budget of Rekindled Hope'. The heart of the budget leveraged its THEMES agenda that encapsulated the broad socioeconomic goals of the administration.
The Nigerian economy has become increasingly prone to violence and social unrest due to a growing public resentment against the government. Insurgency groups such as Boko Haram, and the killings by the Fulani herdsmen, have also contributed to the vulnerable security condition in Nigeria.