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The Philippines’ inflation target is measured through the Consumer Price Index (CPI). For 2009, inflation target has been set to be 3.5 percent, having a 1% tolerance level, and 4.5 percent for 2010, also having 1% tolerance. Also, the Monetary Board of the Philippines announced a target of around 4±1 percent from 2012 to 2014. [14]
Nigeria continues to be a hub for Overseas Filipinos primarily workers involved in the oil, gas and construction industry of the country. [7] As of 2011, there were 7,240 Filipinos in Nigeria, mostly professionals and spouses of Nigerian nationals. [8] As of 2014, about 8,000 Nigerians are studying in the Philippines. [9]
There were Filipinos in Nigeria as early as the 1970s; the Philippine Barangay Society of Nigeria was founded in 1973 in an effort to coordinate the various Philippine community organisations that had already sprouted up around the country. Its offices are located at the Caverton Helicopter Staff Compound in Ikeja, Lagos. [6]
The latest government statistics released Thursday showed the inflation rate in January rose to 29.9%, its highest since 1996, mainly driven by food and non-alcoholic beverages. ... Nigeria’s ...
Starting out around 2008, Boko Haram has carried out attacks in order to spread their Islamic influence and defeat the westernization that began during colonialism. They were able to recruit among the youths population of Nigeria because of unemployment; approximately 64 million youths are unemployed with 1.6 million being underemployed. [25]
World map by inflation rate (consumer prices), 2023, according to World Bank This is the list of countries by inflation rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Inflation rate is defined as the annual percent change in consumer prices compared with the previous year's consumer prices. Inflation is a positive value ...
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2025, the Philippine economy is estimated to be at ₱29.66 trillion ($507.6 billion), making it the world's 31st largest by nominal GDP and 11th largest in Asia according to the International Monetary Fund .
Nigeria's goal under the National Economic Empowerment Development Strategy (NEEDS) program is to reduce inflation to the single digits. [56] By 2015, Nigeria's inflation stood at 9%. In 2005, the federal government had expenditures of US$13.54 billion but revenues of only US$12.86 billion, resulting in a budget deficit of 5%.