The Nationwide Bureau of Statistics has mentioned Nigeria’s headline inflation price rose to fifteen.15 % in December 2025.
The NBS introduced the speed in its newest shopper value index (CPI) report, launched on Thursday.
The information bureau mentioned the CPI, which measures the modifications in costs of fine and companies, rose to “131.2 in December 2025, up by 0.7 factors from the earlier month (130.5)”.
“The December 2025 year-on-year Headline inflation price stood at 15.15% relative to the November 2025 headline inflation price (17.33%),” the report mentioned.
The bureau had, on January 12, projected a short lived “synthetic spike” within the nation’s December 2025 inflation price.
Adeyemi Adeniran, statistician-general of the federation, mentioned the spike would consequence from the adjustment within the reference interval, in any other case generally known as the bottom yr.
“This synthetic spike is because of the bottom impact of December 2024, which is equated to 100, following the rebasing train,” Adeniran mentioned.
Within the newest CPI, the NBS mentioned the present inflation price, on a year-on-year foundation, was 19.65 % decrease than the speed recorded in December 2024 at 34.8 %.
“This exhibits that the Headline inflation price (year-on-year foundation) decreased in December 2025 in comparison with the identical month within the previous yr (i.e., December 2024), although with a distinct base yr, November 2009 = 100,” the company mentioned.
“On a month-on-month foundation, the Headline inflation price in December 2025 was 0.54%, which is 0.69% lower than the speed recorded in November 2025 (1.22%).
“Which means in December 2025, the speed of improve within the common value degree was decrease than in November 2025.”
FOOD INFLATION RATE DECLINED TO 10.84%
The NBS additionally mentioned the meals inflation price for December 2025 dropped to 10.84 % on a year-on-year foundation.
In keeping with the statistics company, this was 20 % decrease in comparison with the speed recorded in December 2024 at 39.84 %.
“On a month-on-month foundation, the Meals inflation price declined to -0.36%, down by 1.49%
in comparison with November 2025 (1.13%),” the NBS mentioned.
“This decline will be attributed to the speed of lower within the common costs within the following meals gadgets, particularly, Tomatoes, Garri, Eggs, Potatoes, Carrots, Millet, Greens, Plantain, Beans, Wheat Grain, Grounded Pepper, Onions (Recent), and many others.
“The typical annual price of Meals inflation for the twelve months ending December 2025, relative to the earlier twelve-month common, stood at 22.00%.”
Within the interval below evaluate, the company mentioned meals inflation, on a year-on-year foundation, was highest in Yobe (15.25 %), Ogun (14.12 %), and Abuja (13.24 %).
However, Akwa Ibom (4.34 %), Sokoto (4.62 %), and Plateau (6.19 %) recorded the slowest rise in meals inflation on a year-on-year foundation.
“On a Month-on-Month foundation, nonetheless, December 2025 Meals inflation was highest in Imo (3.19%), Nasarawa (3.16%), and Yobe (1.18%), whereas Plateau (-2.76%), Rivers (-2.50%), and Zamfara (-1.93%) recorded a decline in Meals inflation on a Month-on-Month foundation,” the NBS mentioned.
The present headline inflation price marks the top of a gentle decline recorded for eight straight months.
In the meantime, the Federal Authorities achieved an 85 per cent capital expenditure efficiency within the 2024 fiscal yr following the extension of the funds implementation interval, the Minister of Finance and Coordinating Minister of the Economic system, Wale Edun, has mentioned.
Edun disclosed this on Thursday on the 2026 Macroeconomic Outlook occasion organised by the Nigerian Financial Summit Group in Lagos.
Edun mentioned, “By way of the capital funds. The funds, on the finish of the day, is a regulation of the Nationwide Meeting. They prolonged the 2024 funds for the complete yr to make sure that initiatives had been accomplished.”
He mentioned this determination resulted in sturdy execution ranges, including that “in mixture, capital expenditure in 2024 reached 85 per cent efficiency.”
The Nationwide Meeting prolonged the 2024 funds implementation deadline to December 2025, citing ongoing initiatives and inadequate funds.
The transfer, nonetheless, attracted criticism from a coalition of civil society organisations below the Nigerian Civil Society Economic system Motion, which accused the federal government of constitutional breaches and monetary illegality following the passage of revised 2024 and 2025 budgets in December.
Edun acknowledged that capital expenditure in 2025 could be decrease, explaining that the federal government selected to give attention to finishing current initiatives quite than initiating new ones.
“Regardless of these fiscal challenges. All of the statutory obligations, international debt service, home debt service, salaries had been all met by the federal government,” he mentioned.
He described the capital expenditure consequence as a part of a broader fiscal effort anchored on self-discipline and transparency.
Edun added, “Nigeria’s fiscal place did display resilience, and I’d say marked enchancment, reflecting self-discipline, administration and transparency-focused reforms.”
In keeping with him, capital spending stays crucial to bettering meals costs, lowering the price of capital, increasing mortgage lending, boosting electrical energy provide and accelerating street development.
He mentioned Nigeria had moved from disaster administration to a part of stabilisation and consolidation, stressing that sustained reforms had been essential to translate stability into long-term development.
Trying forward, Edun mentioned the 2026 funds, tagged Funds of Consolidation, Renewed Resilience, and Shared Prosperity, was aimed toward changing fiscal stability into tangible advantages for Nigerians.
“We can’t overemphasise that it isn’t the metrics, it’s not the chances.
“It’s the expertise and the advance within the lives of on a regular basis Nigerians,” he mentioned.
He reaffirmed the federal government’s dedication to sustained capital spending and financial reforms, saying the main focus remained on inclusive and job-rich development.
