Nigeria’s inflation drops to 23.71% in April

• Published On: 15 May 2025 at 18:48

According to the most recent data from the National Bureau of Statistics, Nigeria's inflation rate fell to 23.71% in April 2025, from 24.23% in March.

This 0.52 percentage point drop represents a modest but positive shift, indicating a possible turning point as the country grapples with persistent economic hardship and high living costs.

While still high, the decline may be due to the impact of recent monetary or fiscal measures aimed at stabilising the economy.