Minister Attributes Nigeria’s Inflation Decline to Tinubu’s Economic Reforms
Government Policies Drive Inflation Reduction
Mohammed Idris, Nigeria’s Minister of Information and National Orientation, has affirmed that the recent decline in the country’s headline inflation rate results from deliberate government interventions rather than coincidence. Speaking at the eighth Ministerial Press Briefing Session in Abuja, Idris emphasized the impact of President Bola Tinubu’s economic reforms on stabilizing prices.
Key Inflation Figures Show Improvement
According to the latest National Bureau of Statistics (NBS) report, Nigeria’s headline inflation rate dropped to 23.71% in April 2025, down from 24.23% in March—a 0.52% decrease. Month-on-month inflation also saw a significant reduction, falling from 3.90% in March to 1.86% in April, marking a 2.04% decline.
Food Prices Stabilize Due to Government Action
Idris highlighted that food inflation, a major contributor to rising costs, has been curbed through targeted policies. “This has not happened by chance,” he stated. “The President’s focused interventions are clearly paying off. The benefits of reform, though gradual, are real and measurable.”
Commitment to Economic Stability
The minister reiterated the administration’s dedication to sustaining economic improvements through people-centered policies. He assured Nigerians of continued efforts to provide relief and restore long-term stability, stating that the country is “turning a corner.”
Call for Responsible Media Reporting
Idris urged the media to report economic progress responsibly, reinforcing the government’s commitment to transparency and accountability. He emphasized the importance of constructive journalism in fostering national development.