President Bola Ahmed Tinubu has assured Nigerians that the country’s inflation rate is projected to decline to single digits before the end of 2026.
The assurance was conveyed by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, who stated that sustained economic reforms are already yielding positive results.
“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” Onanuga said.
He also commended corporate Nigeria and market stakeholders for pushing the Nigerian Exchange (NGX) market capitalisation beyond the ₦100 trillion mark.
Tinubu described the milestone as a strong signal of investor confidence and urged Nigerians to increase their participation in the domestic economy.
Despite global market volatility in 2025, the NGX All-Share Index recorded a remarkable 51.19% growth.
Also, it outperforms major indices such as the S&P 500, FTSE 100, and several emerging markets within the BRICS+ group.
According to Onanuga, Nigeria is increasingly positioning itself as an attractive investment destination.
It backed by strong performances from industrial companies and resilient banking institutions.
On inflation, Tinubu’s projection is more optimistic than the Central Bank of Nigeria’s 12.9% forecast for 2026.
Bayo Onanuga attributed the downward trend to tighter monetary policies.
Also, the removal of distortionary financing practices, and increased investment in agriculture.
He noted that inflation has already declined from a 24-month peak of 34.8% in December 2024 to 14.45% by November 2025.
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He added that ongoing infrastructure projects such as rail expansions, major road construction, and port revitalisation are strengthening economic stability and laying the groundwork for long-term growth.
