Imagine how other countries like the USA the fight hard by all possible means to use reduce their interest rate knowing how badly the effect of the increase the cause suffering to their citizyns but for Naija government own na to the help add to their own citizyns suffering by inflating things.
Read this BBC News about the recent United States interest rate:
https://www.bbc.com/news/business-65474456.ampThe US central bank has raised interest rates to the highest level in 16 years as it battles to stabilise prices.
The Federal Reserve increased its key interest rate by 0.25 percentage points - its 10th hike in 14 months.
That pushed its benchmark rate to between 5% and 5.25%, up from near zero in March 2022, although the Fed hinted the rise may be its last one for now.
The European Central Bank has also raised rates again, although by a smaller amount than in previous months.
Na all these things na make the prices of commodities and services for the country no the ever go down, anything way the price go up nah just up up it go the go, no coming down.
Increase in interest rate is to fight inflation, not the other way.