In Nigeria, inflation is weighing on the recovery. The inflation rate rose to 16.5% in January and could increase poverty in the country. Nigeria's economic recovery is increasingly weakened by rising prices. The inflation rate reached 16.5% in January year-on-year, the highest since 2017. Capital Economics economist Virág Fórizs confides that “the price surge continues unabated. In addition to the weather, which caused floods that destroyed the equivalent of 20% of the rice produced in 2019 last September, insecurity is affecting several areas of the country, namely: the North-East, which is plagued by terrorism, the South exposed to piracy on oil installations, and the Centre, which is torn by ethnic conflicts. “Farmers are very exposed to this violence,” says Nathan Quentric of Crédit Agricole. The IMF now expects growth of 1.5% this year.