Rising inflation in Nigeria leads to increased economic uncertainty and instability.
The article explores the relationship between inflation and uncertainty in Nigeria's economy from 1960 to 2020. By using statistical models, the researchers found that higher inflation leads to more uncertainty about future inflation rates. They also discovered that uncertainty in inflation can cause average inflation to increase due to certain behaviors by the central bank. Overall, the study supports the idea that inflation and inflation uncertainty are closely linked in the Nigeria economy.