Nigeria’s inflation rate could decline to 27.1% by December 2025. This is according to the latest projections from a report by the Nigerian Economic Summit Group-Stanbic IBTC Business Confidence Monitor.
The report suggests that structural reforms are beginning to stabilize the economy. However, challenges such as high fuel prices and currency depreciation remain significant hurdles.
Also Read: Nigeria’s Central Bank Raises Monetary Policy Rate to 27.50% to Tackle Inflation
Inflationary pressures intensified in 2024, driven by the removal of fuel subsidies and the liberalization of the foreign exchange market. These policy shifts, while necessary for long-term economic stability, have led to sharp cost increases across various sectors.
Despite these headwinds, the report anticipates a gradual moderation in inflation in 2025, reflecting the expected impact of ongoing reforms and policy adjustments.
Leave feedback about this
You must be logged in to post a comment.