Nigeria’s inflation rate is projected to decline further in 2025, driven by improved macroeconomic stability and the base effect, according to Dr. Muda Yusuf, CEO of the Centre for Protection of Private Enterprises (CPPE).
“The further deceleration in inflation can be ascribed to two factors. The first is the base effect… prices in 2024 were highly elevated,” Yusuf explained. He added, “Volatility in the exchange rate is beginning to ease.”
However, skepticism remains. While official data from the National Bureau of Statistics (NBS) shows inflation falling to 23.18% in February 2025, critics argue it does not reflect reality.
Maurice Ekpenyong questioned, “How does this drop validate the rising cost of living? Household incomes remain under pressure from increases in food prices, rent, and transportation.”
Some Nigerians commend government efforts, but many insist that without transparency and tangible improvements, inflation figures remain questionable.
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