The Independent Media and Policy Initiative (IMPI) has attributed the steady moderation in Nigeria’s inflation rate to the combined monetary, fiscal and structural reforms of President Bola Tinubu’s administration.
In a statement signed by its Chairman, Dr Omoniyi Akinsiju, the policy think tank projected that inflation could ease further to about 14 per cent by the end of the year, based on a Predictive Regression analysis of key macroeconomic indicators.
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Akinsiju said the assessment drew from the Central Bank of Nigeria’s Purchasing Managers’ Index (PMI) and the Consumer Price Index released by the National Bureau of Statistics. IMPI had earlier forecast inflation to decline to 17 per cent by the end of 2025, but revised the outlook downward following stronger productivity gains and broader price moderation from August.
He noted that the CBN Composite PMI rose to 55.4 points in October, signalling improved output and productivity, alongside a drop in headline inflation to 16.50 per cent from 18.02 per cent in September. Inflation further declined for the eighth consecutive month to 14.45 per cent in November, reflecting improved macroeconomic stability.
Akinsiju expressed optimism that the disinflation trend would extend into 2026 if policy consistency is sustained, citing plans to deploy 2,000 Belarus-supplied tractors under a mechanisation service-provider model to boost agricultural productivity, ease food prices and improve living standards.
