Nigeria’s inflation rate has dropped by half since 2023 — Information Minister, Idris
Nigeria’s Minister of Information, Lai Mohammed Idris, has revealed that the country’s inflation rate has dropped by half since 2023. He attributed the improvement to government policies aimed at stabilizing prices and supporting local production. The minister noted that while challenges remain, efforts to boost agricultural output, regulate essential commodities, and strengthen fiscal measures have […]
Nigeria’s inflation rate drops for seventh consecutive time in October
Nigeria recorded another decline in its inflation rate in October, marking the seventh consecutive month of easing price pressures. According to analysts, this continued moderation is a sign that recent monetary policies and supply-side adjustments may be gradually stabilising the economy. Although prices remain high for many households, the steady decline offers some relief and […]