The Presidency has delivered a message of cautious optimism to the Nigerian people, assuring that the country’s inflation rate is on track to fall into single-digit territory in the near future. This projection comes on the heels of recent data released by the National Bureau of Statistics (NBS), which shows headline inflation easing to 20.12% in August 2025, down from 21.88% in July.
Speaking on Channels Television’s The Morning Brief, Dr. Tope Fasua, Special Adviser to the President on Economic Matters, emphasized that the downward trend in inflation reflects growing economic stability and the impact of strategic reforms. “Nigeria’s inflation will certainly go to a single digit,” Fasua stated, citing improvements in food prices, exchange rate stabilization, and global oil market dynamics.
Fasua also addressed public skepticism and political commentary, notably dismissing claims by former Vice President Atiku Abubakar that Nigerians are “dying from hunger daily.” He described such remarks as politically motivated and urged citizens to focus on the data-backed progress being made.
The Presidency attributes the inflation slowdown to overdue statistical rebasing, improved monetary discipline, and targeted interventions in agriculture and foreign exchange markets. Fasua pointed to global parallels, noting that countries like Ghana and Pakistan have successfully transitioned from high inflation to single-digit levels.
“Nigerians should expect consistent improvement,” Fasua affirmed. “We are seeing the fruits of reform, and while challenges remain, the trajectory is clear — inflation is falling, and economic resilience is strengthening.”