Inflation to reduce before 2026 ends, Tinubu assures Nigerians

Inflation is expected to dip below 10% by the end of 2026, according to President Bola Ahmed Tinubu’s assurance to Nigerians, who can anticipate better living standards and heightened GDP growth as a result.

“Indeed, inflation is likely to fall below 10% before the close of this year, leading to improved living standards and accelerated GDP growth. The year 2026 holds the promise of great prosperity for all Nigerians,” stated Bayo Onanuga, the President’s Special Adviser on Information and Strategy.

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Onanuga also commended corporate Nigeria and other stakeholders for exceeding a market capitalization of N100 trillion on the Nigerian Exchange (NGX), which reached N101.80 trillion on Monday. President Tinubu hailed this achievement as a source of inspiration for investors and encouraged Nigerians to engage more in the domestic economy.

While many global markets faced challenges in 2025, the NGX All-Share Index experienced a substantial increase of 51.19%, outperforming benchmarks like the S&P 500 and TSE 100, as well as many emerging markets in the BRICS+ group. Onanuga remarked that Nigeria has become an attractive investment destination, showcasing strong performances across various sectors, including industrial leaders and robust banks.

With regard to inflation, Tinubu’s forecast differs from the Central Bank of Nigeria’s prediction of 12.9% for 2026. Onanuga explained that measures such as monetary tightening, elimination of problematic financing, and agricultural investments have significantly decreased inflation from a peak of 34.8% in December 2024 to 14.45% by November 2025, with hopes of reaching below 10% by the end of this year.

The President also noted improvements in the country’s current account, which is expected to rise to $18.81 billion by 2026, along with a 48% increase in non-oil exports in the first nine months of 2025. Additionally, foreign reserves have surpassed $45 billion, and ongoing infrastructure projects, including rail expansions, road building, and port upgrades, are indicative of a strengthening and more stable economy.