firstpost_logo

Firstpost

title

About Firstpost

Instagram

Facebook

Twitter

Youtube

social_link

footer_headings

copy_right_year

static_pages

sticky_footer

taboolaFooter

search

Nigeria's inflation has dropped below 20% for the first time in three years, reaching 18.02% year-on-year in September, down from 20.12% in August. This decline is largely driven by a moderation in food prices, with food inflation easing to 16.87% in September from 21.87% the previous month. The drop in inflation follows sweeping economic reforms by President Bola Tinubu, including the end of fuel subsidies, which have triggered a sharp rise in living costs. The World Bank, while "cautiously optimistic" about Nigeria's economic growth, has highlighted in its latest report that millions have fallen into poverty. The report said that 61% of the population (nearly 140 million people) were now living in poverty, up from 40% (81 million) in 2019. Watch this video to know more. 


Nigeria's Inflation Falls Below 20% For the First Time in Three Years | Firstpost Africa

https://media.nw18.com/media-assets/wbx6pq/f8fb6bfc-2b13-4b97-b434-6441204a9d22/wbx6pq/10-2025/16-2025/2025-OCTOBER-16102025-1610 NIGERIA INFLATION_SHORTS-s1aDUh4hva-1610-NIGERIA-INFLATIONSHORTS-zktJAxIR4K/1080highp-h264.mp4

f3be8d7faee96358662cd4c33e70e0a5/15611297252989215004

Nigeria's Inflation Falls Below 20% For the First Time in Three Years ...