Mohammed Idris, Minister of Information and National Orientation, has stated that the gradual decline in Nigeria’s headline inflation rate, as reported by the National Bureau of Statistics (NBS), is a result of the federal government’s targeted reforms and policy interventions, not a matter of chance.
Idris stated this at the eighth edition of the Ministerial Press Briefing Session on Friday in Abuja, where he highlighted the Federal Government’s role in the recent decline of Nigeria’s inflation rate.
Citing the latest Consumer Price Index (CPI) released by the National Bureau of Statistics (NBS) for April 2025, Idris noted that the headline inflation rate dropped to 23.71%, down from 24.23% in March, marking a 0.52% decrease. He also pointed out a significant month-on-month inflation reduction, from 3.90% in March to 1.86% in April, a 2.04% drop.
According to him, “This has not happened by chance,” the minister stated. “The president’s focused interventions are clearly paying off. The benefits of reform, though gradual, are real and measurable.”
Idris emphasised that food prices—a major driver of inflation—have been brought under control through targeted government actions, resulting in noticeable relief for consumers.
He assured that the Bola Tinubu-led administration is committed to sustaining economic improvements by prioritising people-centred policies and promoting inclusive prosperity. The government, he added, will continue to provide economic relief and work toward restoring long-term stability.
Idris said by stating that Nigeria is “turning a corner,” and called on the media to report positive developments responsibly and constructively, reaffirming the administration’s commitment to transparency and accountability.
Today, I am pleased to announce encouraging news from the National Bureau of Statistics, which released the Consumer Price Index (CPI) for April 2025 yesterday. According to the report, the headline inflation rate for April stood at 23.71%, representing a decrease of 0.52% from the 24.23% recorded in March 2025. Similarly, month-on-month, inflation dropped by a notable 2.04%, from 3.90% in March to 1.86% in April.
“This has not happened by chance. The President’s focused interventions are paying off. The benefits of reform, though gradual, are real and measurable,” he said.
He stated that one of the major drivers of inflation – food prices – has been brought under control through President Tinubu’s significant interventions, leading to a noticeable reduction in the cost of food items.
