The Federal Government has stated that the recent decline in Nigeria’s headline inflation rate is a direct outcome of its reforms and targeted interventions, not a matter of chance.
The Minister of Information and National Orientation, Alhaji Mohammed Idris, made this known on Friday in Abuja during the eighth edition of the Ministerial Press Briefing Session.
“The NBC released the Consumer Price Index (CPI) for April 2025 yesterday. According to the report, the headline inflation rate for April stood at 23.71 per cent, representing a decrease of 0.52 per cent from the 24.23 per cent recorded in March 2025. Similarly, month-on-month inflation dropped by a notable 2.04 per cent, from 3.90 per cent in March to 1.86 per cent in April. This has not happened by chance. The president’s focused interventions are clearly paying off. The benefits of reform, though gradual, are real and measurable,” he said.
Idris explained that food prices—one of the major drivers of inflation—had stabilised due to the administration’s significant interventions, leading to a noticeable reduction in the cost of staple items.
He assured that President Bola Tinubu’s administration would maintain this positive trajectory by continuing to implement people-centred policies and promoting shared prosperity across the country.
He also reaffirmed the government’s commitment to restoring economic stability and providing relief to Nigerians.
Idris said Nigeria was beginning to experience meaningful economic progress and encouraged the media to report such developments responsibly and constructively.
He reiterated the government’s commitment to transparency and accountability.
(NAN)