By Rukayat Moisemhe
An economist, Dr Muda Yusuf, says Nigeria’s macroeconomic climate continued to stabilise in October 2025, reflected in a sharp deceleration of the inflation rate.
Yusuf, founder of the Centre for the Promotion of Private Enterprise, said this on Monday in Lagos while reacting to the decline in inflation to 16.02 per cent in October.
The News Agency of Nigeria reports that headline inflation dropped from 18.02 per cent in September, while food inflation eased from 16.87 per cent to 13.12 per cent.
According to Yusuf, the sustained downward trend shows improving coordination in monetary, fiscal and exchange rate management across key economic institutions.
He said the magnitude of the October decline surpassed expectations, indicating stronger confidence in the government’s reform measures.
Yusuf attributed the trend to the rebased data, exchange rate stability and better overall macroeconomic coordination by relevant authorities.
He noted that in spite of disinflation, five sectors, including food, transport, health, education and housing, accounted for 84 per cent of October’s inflation pressure.
He said these sectors strongly affect daily living costs, making them crucial to any credible inflation management strategy.
Yusuf added that structural constraints, including high energy costs, logistics bottlenecks and expensive credit, continued to slow real price relief.
He said consolidating disinflation gains would require a blend of monetary, fiscal and structural policies to deliver real welfare improvement.
Yusuf called for stronger food system resilience, reduced transport costs, stable energy pricing and wider access to affordable finance.
He added that improved housing, better utilities, coordinated trade policy and stronger policy synergy were vital for effective inflation control.
(NAN)
