Will the IMF’s tough measures break or build the economy?

The International Monetary Fund’s (IMF) “Great Tightening” has ushered in an era of rising interest rates and stricter monetary policies, forcing economies worldwide to grapple with surging inflation. For Nigeria, this comes at a precarious moment, as the country struggles with a heavy debt burden, inflationary pressures, and an over-reliance on oil revenues. But as the global tide shifts, the real question is: how will Nigeria respond? Inflation is no stranger to Nigeria, but the current 32.7 percent rate in September 2024, as reported b