Nigeria’s inflation rate is forecasted to moderate to 15.75% in 2025, with further declines expected to 14.21% in 2026 and 10.04% by 2027, according to the Minister of Budget and Economic Planning, Atiku Bagudu.
Speaking at the 31st Nigerian Economic Summit organized by the Nigerian Economic Summit Group (NESG) in Abuja, Bagudu highlighted the government’s commitment to consistent monetary policies focused on price stability and fiscal consolidation.
“Our policy direction will continue to implement a market-driven exchange rate regime and fiscal sustainability, and also address the underlying structural challenges,” Bagudu said.
He emphasized that ongoing economic reforms aim to strengthen productivity, tackle structural weaknesses, and promote long-term prosperity.
The minister acknowledged the short-term hardships faced by Nigerians but expressed confidence that reforms will yield significant benefits over time, including: stabilized exchange rates, declining inflationary pressures, improved fiscal management, job creation and poverty reduction, increased non-oil revenue, enhanced external financial position.
Bagudu also highlighted the Renewed Hope Ward Development Programme as a key initiative to bring development to grassroots communities.
Calling for broad collaboration, he urged the private sector, development partners, and Nigerians to support the government’s economic transformation agenda.
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