The Federal Government has asserted that the recent decline in Nigeria’s headline inflation rate is a direct result of deliberate economic reforms and targeted interventions, and not a mere coincidence.
Speaking at the eighth edition of the Ministerial Press Briefing Session held on Friday in Abuja, the Minister of Information and National Orientation, Alhaji Mohammed Idris, emphasized the administration’s commitment to economic stability and growth. He addressed concerns surrounding the inflation figures released by the National Bureau of Statistics (NBS) in its April 2025 Consumer Price Index (CPI) report.
According to the NBS data, the headline inflation rate for April 2025 dropped to 23.71%, marking a decrease of 0.52 percentage points from the 24.23% recorded in March. Month-on-month inflation also showed a significant decline, falling from 3.90% in March to 1.86% in April, a difference of 2.04 percentage points.
“This improvement in the inflation figures has not occurred by chance,” the Minister stated. “It is the result of President Bola Tinubu’s focused reforms and strategic economic interventions. Though the gains may appear gradual, they are both tangible and measurable.”
Idris further noted that one of the key inflationary pressures—rising food prices—has been curbed through specific government measures. These actions, he said, have helped ease the burden on Nigerian households by lowering the cost of food commodities.
He reaffirmed the administration’s dedication to sustaining the current momentum, pledging continued implementation of people-oriented policies and efforts to foster inclusive economic growth.
“The government is determined to provide relief, ensure lasting economic stability, and promote shared prosperity,” Idris said.
The Minister also encouraged the media to report these economic gains constructively, adding that Nigeria is “turning a corner” in its journey toward financial recovery and national progress.
