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Nigeria's Inflation Projected to Drop to 24.7% by 2025

1/27/2025

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Summary

Story summary

The Nigerian Economic Summit Group (NESG) forecasts inflation will decrease to 24.7% by 2025 due to better fiscal and monetary policies.
A stabilized foreign exchange rate of N1,300 per US dollar is anticipated, supported by increased crude oil sales and agricultural output.
NESG credits disciplined government spending and strategic interventions for these economic improvements.
Nigeria's current inflation rate is 34.80%, with President Bola Tinubu targeting 15% by 2025.

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Story summary

The Nigerian Economic Summit Group (NESG) forecasts inflation will decrease to 24.7% by 2025 due to better fiscal and monetary policies.
A stabilized foreign exchange rate of N1,300 per US dollar is anticipated, supported by increased crude oil sales and agricultural output.
NESG credits disciplined government spending and strategic interventions for these economic improvements.
Nigeria's current inflation rate is 34.80%, with President Bola Tinubu targeting 15% by 2025.