Inflation will soon hit single digit, Presidency assures Nigerians
The Presidency has assured Nigerians that inflation will fall to a single digit soon, a development it says will make life easier for citizens. Special Adviser to the President on Economic Matters, Tope Fasua, gave the assurance on Tuesday during an interview on Channels Television’s The Morning Brief. Fasua said food prices are already beginning to stabilize as inflation eases, citing new figures from the National Bureau of Statistics (NBS). According to the NBS, headline inflation dropped to 20.12% in August 2025, down from 21.88% in July. On a monthly basis, headline inflation stood at 0.74%, while food inflation was 1.65%. Year-on-year, the figure was 12.03% lower than the 32.15% recorded in August 2024. “A 20.12 inflation is still large in many quarters because what it says is that prices are still increasing, but not as they used to be. […]
