The Federal Government has stated that the gradual decline in Nigeria’s headline inflation rate, as reported by the National Bureau of Statistics, is a direct result of the administration’s economic reforms and targeted interventions.
Minister of Information and National Orientation, Alhaji Mohammed Idris, made this declaration on Friday in Abuja during the eighth edition of the Ministerial Press Briefing Session.
“The NBS released the Consumer Price Index for April 2025, yesterday. According to the report, the headline inflation rate for April stood at 23.71 per cent, representing a decrease of 0.52 per cent from the 24.23 per cent recorded in March 2025,” Idris stated.
He further highlighted the month-on-month improvement, noting: “Similarly, month-on-month inflation dropped by a notable 2.04 per cent – from 3.90 per cent in March to 1.86 per cent in April.”
The Minister emphasized that these positive trends were not accidental. “This has not happened by chance. The president’s focused interventions are clearly paying off. The benefits of reform, though gradual, are real and measurable,” he said.
Idris specifically pointed to food price stabilization as a key achievement, stating that the administration’s interventions had successfully brought down food inflation. He assured Nigerians that President Bola Tinubu’s government would maintain this economic momentum through people-centered policies aimed at shared prosperity.
“The administration would sustain the momentum of economic improvement by prioritising people-centered policies and promoting shared prosperity for all Nigerians,” Idris affirmed. “We will continue providing relief and restoring economic stability.”
The Minister described Nigeria’s economic trajectory as positive, declaring: “Nigeria is turning a corner.” He called on the media to responsibly report these developments while emphasizing the government’s commitment to accountability.
“The government would remain accountable to the people,” Idris concluded, underscoring the administration’s dedication to transparent governance and continued economic progress.
The latest NBS data shows inflation moderating across key sectors, with the government attributing this trend to its reform agenda including agricultural interventions, monetary policy adjustments, and fiscal measures implemented since mid-2024.
