The recent stability of the naira and mildly lower food and fuel prices should taper inflation to 33.1 per cent in the first quarter, according to Bismarck Rewane, managing director of Financial Derivatives Company.
Rewane in a presentation at Lagos Business School (LBS) Breakfast Session titled: “Nigeria in 2025: Breakthrough or Fall through,” said inflation is expected to drop in the months to March 2025 although modestly.
“In Q1’25, inflation is projected to ease marginally towards 33.1 per cent, reflecting a stable Naira and fairly lower food and fuel prices,” Rewane said.
Nigeria’s skyrocketing inflation soared to 34.8 percent in December 2024, extending its rise after a brief moderation end-2024.
But many analysts see prices slowing this year, ushering a breather for both corporates and households that have had a tumultuous year with rising prices.
Rewane revealed that the price of petrol at the refinery has dropped to N890 per litre, adding that consumers are yet…
Source: Leadership Newspaper
