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The Presidency has announced that President Bola Tinubu’s economic policies enabled Nigeria to surpass its inflation target for 2025, with the latest National Bureau of Statistics Consumer Price Index report showing headline inflation fell to 14.45 per cent in November 2025.
This represents the eighth consecutive monthly decline, suggesting a possible economic recovery amid continuing reforms.
Presidential Special Adviser on Policy Communication Daniel Bwala stated in an X post that Tinubu established a 15 per cent inflation goal in January, which many skeptics questioned at the time.
Bwala noted the November figure decreased from October’s 16.05 per cent, attributing the improvement to what he described as rigorous, transformative reforms and disciplined fiscal management.
“In January, President Bola Ahmed Tinubu set a 15% inflation target. Many doubted it. Today, the facts have answered them. Headline inflation eased to 14.45% in November 2025, beating the target and dropping from 16.05% in October. This is not luck. It is the outcome of tough, radical reforms and disciplined economic management,” Bwala stated.
The presidential aide asserted the progress demonstrates Nigeria is “steadily turning the corner,” with the President delivering on economic commitments. “Promise made, promise being fulfilled every step of the way,” he added.
According to NBS data, the CPI increased to 130.5 points in November from October’s 128.9 points, marking a 1.6-point monthly rise. However, year-on-year headline inflation declined to 14.45 per cent from October’s 16.05 per cent.
Compared to November 2024’s 34.60 per cent rate, the November 2025 figure is 20.15 percentage points lower.
Monthly headline inflation rose modestly to 1.22 per cent from October’s 0.93 per cent, while food inflation climbed to 1.13 per cent from the previous month’s negative 0.37 per cent.
Tinubu initially announced the 15 per cent inflation objective during his 2025 budget presentation and reinforced it in his New Year’s message, positioning it as part of comprehensive measures to restore economic stability after assuming office in May 2023 with an inflation rate exceeding 22 per cent.
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