The Independent Media and Policy Initiative forecasts that Nigeria’s inflation will drop to 17 per cent by December 2025, predicting continued disinflation.
The latest inflation data from the National Bureau of Statistics indicated that inflation dropped 20.12 per cent in August from 21.88 per cent in July.
In a policy statement on Wednesday, the policy think tank also called for the Monetary Policy Committee of the Central Bank of Nigeria to reduce the benchmark rate at its upcoming meeting in response to the dip in inflation.