Echotitbits – Nigeria News

Tag: Nigeria inflation

  • Information Minister Defends Tinubu’s Economic “Long-Term Foundation”

    Information Minister Defends Tinubu’s Economic “Long-Term Foundation”

    The Minister of Information and National Orientation, Mohammed Idris, has urged Nigerians to remain patient, arguing that the Tinubu administration is laying a “strong foundation” for shared prosperity. He cited reform outcomes and international compliance developments as evidence that policy direction is yielding early signals.

    Other reports continue to highlight cost-of-living pressures and the lag between macro indicators and household welfare.

    Echotitbits take: Communications can steady expectations, but credibility ultimately tracks lived experience. The decisive metric is whether inflation and purchasing power trends improve—especially for food and transport—within a politically relevant timeframe.

    Source: Facebook -https://web.facebook.com/dailynigerian/posts/pfbid027sZ9GZHwc3PZbiAnEX52uRnBH4A4PpNpnk9uwqLaL9Q9V4znYdZ2reUou8EfAZhTl/ (January 17, 2026)
    Photo Credit: Facebook

  • CBN flags 2026 growth at 4.49%, expects inflation slide to 12.94%

    CBN flags 2026 growth at 4.49%, expects inflation slide to 12.94%

    2025-12-31 09:00:00

    According to The Nation, the Central Bank of Nigeria’s latest macro outlook projects real GDP growth of about 4.49% in 2026, while average inflation is expected to ease to roughly 12.94% as reforms, forex stability and improved output begin to bite.

    The outlook points to a mix of stronger non‑oil activity and a steadier external position, with the apex bank signalling that structural reforms and better macro coordination could support a more durable recovery.

    Markets will watch whether the assumptions—especially oil output and FX conditions—hold into Q1 2026, and how the forecast shapes monetary-policy expectations.

    Reuters also reported that the CBN “forecasts 4.49% economic growth” and sees inflation “easing to an average 12.94% in 2026,” while BusinessDay similarly wrote that Nigeria’s economy is “projected to expand by 4.49 percent in 2026.”

    Echotitbits take: The headline numbers look optimistic versus Nigeria’s recent inflation experience. The real test is whether disinflation is driven by supply (food, logistics, energy) and FX stability—not just base effects. Watch Q1 inflation prints and CBN messaging on rates/liquidity.

    Source: Guardian — December 31, 2025 (https://guardian.ng/business-services/cbn-projects-4-49-growth-lower-inflation-in-2026-outlook/)

    Guardian December 31, 2025

    Photo Credit: Guardian

  • Yuletide travel fares: FCCPC warns transport operators against unjustified hikes

    Yuletide travel fares: FCCPC warns transport operators against unjustified hikes

    Photo credit: The Nation

    2025-12-22 10:15:00

    According to The Nation, the FCCPC is warning inter-city transport operators against unjustified festive-season fare spikes and consumer exploitation.

    The warning signals a more assertive consumer-protection posture in a period when demand surges and informal pricing practices can become normalised—especially for travellers with limited alternatives.

    But enforcement is the hard part: fare pricing is fragmented across parks, unions, and route operators, so deterrence often depends on visible sanctions and rapid complaint resolution.

    The Guardian also described the warning as a check on “arbitrary fare hikes,” while Nairametrics carried similar caution aimed at inter-city operators.

    Echotitbits take: If FCCPC wants this to land, it must publish complaint hotlines, name-and-shame repeat offenders, and coordinate with state transport ministries and park leadership. Watch for whether any operator is actually sanctioned this week.

    Source: The Nation — Dec 22, 2025 (https://thenationonlineng.net/yuletide-fccpc-warns-transport-operators-against-arbitrary-fare-hikes/)