Slowing inflation shows Tinubu’s reforms paying off – Bwala
The Presidency on Wednesday, reported that Nigeria’s headline inflation rate has dropped again, from 20.12% in August to 18.02% in September 2025.
Daniel Bwala, Special Adviser to the President on Policy Communication, in a post on his X handle, said inflation dropped for the sixth consecutive time, under President Bola Tinubu’s administration.
The presidency official stated that the drop in inflation followed the bold fiscal and monetary policies of the Tinubu’s administration.
According to him, “This consistent drop is not by chance, It is the result of bold fiscal and monetary reforms.”
He also attributed the results to the renewed support for agriculture, manufacturing, and the President’s unwavering commitment to stabilising the economy and improving citizens’ purchasing power.
Presidency sees Nigeria’s current macroeconomic outlook, which is made possible by President Bola Tinubu’s economic reforms as a clear indication that Nigeria’s economy is firmly on the path of recovery.
“The IMF has revised Nigeria’s 2025 growth forecast upward — from 3.4% to 3.9%, and 4.2% in 2026. This upgrade, announced at the World Bank–IMF Annual Meetings, reflects renewed global confidence in Nigeria’s reform-driven recovery.
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“The new forecast recognises ongoing fiscal and monetary reforms — from FX unification to revenue mobilisation and private sector resilience.
“It signals faith in Nigeria’s ability to sustain growth, attract investment, and deepen non-oil diversification.”
According to Presidency, Nigeria’s main challenge now is to “consolidate these gains: keep inflation in check, maintain fiscal discipline, and strengthen the real economy. The IMF’s outlook is not just data — it’s a vote of confidence that Nigeria’s growth story is back on track.”
