Inflation reduction 2026 is a key goal for President Bola Ahmed Tinubu, who pledged on Thursday to continue driving down prices while ensuring Nigerians feel the benefits of ongoing economic reforms. In his New Year message, the President highlighted that Nigeria ended 2025 with headline inflation at 14.45% in November, down from 16.05% in October.
Tinubu noted that his administration sustained critical reforms throughout 2025, including a fiscal reset that stabilised the economy. “Inflation declined steadily and reached below 15 per cent, in line with our target. In 2026, we are determined to reduce inflation further and ensure that the benefits of reform reach every Nigerian household,” he said.
The President cited Nigeria’s strong economic performance last year, including robust quarterly GDP growth expected to exceed 4% annually, trade surpluses, and greater exchange rate stability. He also pointed to the Nigerian Stock Exchange’s 48.12% gain in 2025, extending a bullish trend from mid-2023.
Highlighting the country’s strong external position, Tinubu reported foreign reserves at $45.4 billion as of December 29, 2025, providing a buffer against external shocks. Foreign direct investment also surged to $720 million in Q3 2025, up from $90 million the previous quarter. Global credit rating agencies, including Moody’s, Fitch, and Standard & Poor’s, reaffirmed Nigeria’s improved economic outlook.
Tinubu reiterated the administration’s commitment to fiscal discipline and tax reform, noting that moderating inflation and interest rates would free resources for investment in infrastructure and human capital. He commended states that adopted harmonised tax laws, reducing excessive levies on citizens.
Looking ahead, Tinubu announced plans to expand the Renewed Hope Ward Development Programme, targeting at least 10 million Nigerians across 8,809 wards for economic empowerment. Investments in agriculture, trade, mining, food processing, and critical infrastructure—including roads, power, ports, railways, airports, healthcare, and education—will continue in 2026.
According to the Central Bank of Nigeria, headline inflation is projected to average 12.94% in 2026, supported by easing food prices, lower petrol costs, and stabilising energy supply.
