Inflation’ll hit single digit soon – FG
The Special Adviser to the President on Economic Matters in the Office of the Vice President, Tope Fasua, has said that Nigerians can expect to see inflation fall to single digit.
Fasua, who said this when he appeared on Channels Television’s The Morning Brief Tuesday, also said with food inflation on the decline, life will become easier for Nigerians
The National Bureau of Statistics reports that headline inflation fell to 20.12% in August 2025, down from 21.88% in July.
According to the NBS, it is the fifth consecutive decline in inflation figures.
He said, “Nigeria’s inflation will certainly go to a single digit. Besides, that’s not the only positive thing we can see.”
“A 20.12 inflation is still large in many quarters because what it says is that prices are still increasing in some quarters, but not as they used to be. It is rebasing. The rebasing came in about six years after it ought to have been done. Our concern should be that our statistics and data should be much more on point and frequent.”
While noting that food prices have become more stable, Fasua said the naira has strengthened especially with improvement in oil prices.
“A very respected source I respect in the agriculture sector, told me that for the first time in 26 years, this year, we did not have the usual recourse around tomato prices soaring and shortages. Some farmers are even complaining that the government is now crashing food prices to make it affect their businesses negatively.
