Nigeria TV Info 

Experts Disagree as Presidency Predicts Inflation Drop to Single Digit

The Presidency has assured Nigerians that inflation will soon fall to a single digit, sparking debate among economic experts who remain skeptical about the projection. Presidential spokespersons stated that ongoing reforms in agriculture, energy, and foreign exchange management will stabilize prices, reduce food inflation, and strengthen the naira, thereby lowering inflation to below 10 percent in the near term.

However, several economists argue that the current economic realities do not support such optimism. They cite rising food costs, volatile foreign exchange rates, high transport expenses, and insecurity in farming regions as major factors fueling inflation. According to them, achieving single-digit inflation would require more than policy statements—it would demand structural reforms, fiscal discipline, and increased production capacity.

Nigeria’s inflation rate currently hovers above 20 percent, with food inflation leading the surge. While the Presidency insists that its economic recovery plan will soon yield results, many Nigerians remain concerned about persistent high living costs.

The debate now raises the question: can government reforms tame inflation fast enough to bring real relief to households and businesses?