Minister of Budget and Economic Planning, Atiku Bagudu, has projected that Nigeria’s inflation rate will drop to 15.75 percent in 2025 and further decline to 14.21 percent in 2026, signaling improved economic stability and growth prospects for the country.
Gatekeepers News reports that Bagudu made this known on Monday while addressing participants at the 31st Nigerian Economic Summit (NES) organised by the Nigerian Economic Summit Group (NESG) in Abuja.
The minister said the government’s sustained reforms and policy consistency would continue to moderate inflation in the coming years.
He said, “Inflation will further moderate to 10.04 percent in 2027, contingent upon a consistent monetary policy focused on price stability and complementary fiscal consolidation.”
“Our policy direction will also continue to implement a market-driven exchange rate regime and fiscal sustainability, and also address the underlying structural challenges.”
The minister noted that ongoing economic reforms by the federal government aim to tackle structural imbalances, boost productivity, and secure long-term economic prosperity.
He reaffirmed the Tinubu administration’s dedication to sustainable and inclusive growth, improved fiscal discipline, and the overall well-being of citizens.
Bagudu said, “While we recognise the short-term hardships on our people, we are confident that our policies will yield tangible benefits over time.”
“The stabilisation of the exchange rate, declining inflationary pressures, and improvements in fiscal management are already setting the stage for a more resilient and diversified economy.”
He added that the government’s major priorities include job creation, poverty reduction, expanding non-oil revenue, and strengthening the country’s external financial position.
Bagudu said, “We are taking development to the grassroots via the Renewed Hope Ward Development Programme.”
He urged the private sector, development partners, and all Nigerians to collaborate with the government in driving its economic transformation agenda.
The minister stressed that collective effort, innovation, and persistence were vital to building a competitive and inclusive economy.
