Nigeria, March 22 -- A member of the Central Bank of Nigeria's Monetary Policy Committee (MPC), Murtala Sagagi, has highlighted the complex nature of Nigeria's inflation challenges.

According to him, mere monetary policy readjustments will have a limited impact on inflation rates without simultaneous efforts to tackle the underlying issues of insecurity and food shortages.

According to his statement during the last MPC meeting held between 26 and 27 February, the country needs a comprehensive approach to tackle inflationary pressure.

In recent times, Nigeria has faced persistent challenges with inflation, with rates often driven by factors such as rising food prices and insecurity, disrupting agricultural productivity. These issues hav...