Nigeria Grapples with Soaring Inflation, Plummeting Currency

Pedestrians shop at the Mile 12 Market in Lagos, Nigeria, Feb. 16, 2024. Pedestrians shop for items at the Mile 12 Market in Lagos, Nigeria, Feb. 16, 2024.

Nigerians are facing one of the West African nation's worst economic crises in years triggered by surging inflation, the result of monetary policies that have pushed the currency to an all-time low against the dollar. The situation has provoked anger and protests across the country.