Tag: INFLATION
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Headline inflation rate for June 2025 is said to have decreased slightly to 22.22% from 22.97% in May 2025, marking a 0.75 percentage point decline month-on-month and an 11.97 percentage point drop compared to June 2024’s 34.19%. This trend reflects the impact of a rebased index with 2024 as the new base year. Despite the…
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Presidency has criticised the International Monetary Fund (IMF) for its recent harsh assessment of Nigeria’s economic reforms, inflation, and poverty levels. The IMF’s report highlighted challenges such as high inflation, slow reform impacts, declining per capita GDP, and a poverty rate of 42% in 2023. It also pointed out issues like limited access to…
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President Bola Tinubu has affirmed his administration’s commitment to reducing inflation and ensuring economic stability through fiscal discipline, transparency, and citizen participation. Speaking at the three-day National Conference on Fiscal Governance in Abuja, he emphasized strengthening financial systems, supporting the Office of the Auditor-General, improving procurement transparency, and expanding digital finance tools. Tinubu further highlighted…
