Nigeria: Inflation Declines Slightly To 23.71 Percent In April 2025, Says NBS

Statistics released by the National Bureau of Statistics (NBS) showed a slight decline of Nigeria’s Inflationary trend for the month of April, 2025, decreasing to 23.71% as against 24.23%.recorded in March, 2025. This accounts a reduction of 0.52%.

According to the Statistician General of the Federation, Prince Adeyemi Adeniran, three major contributors to the headline inflation were Food and non-alcoholic Beverages: 9.49%, Restaurants & Accommodation Services: 3.06%, and Transport: 2.53%; while the least contributors were Alcoholic Beverages, Tobacco, and Narcotics: 0.09%, Recreation, Sport, and Culture: 0.07%.

On a month-on-month basis, the headline inflation rate in April 2025 was 1.86%, which was 2.04% lower than the rate recorded in March 2025 (3.90%).

Also food inflation rate in April 2025 was 21.26% on a year-on-year basis while on a month-on-month basis, the food inflation rate in April 2025 was 2.06%, a decline of 0.12% compared to March 2025 (2.18%).

Prince Adeniran observed that the decrease could be attributed to the reduction in average prices of items such as Maize (Corn) Flour, Wheat Grain, Okro Dried, Yam Flour, Soya Beans, Rice, Bambara beans, Brown Beans etc.

The state-level analyses showed that the all-item index for April 2025, on a year-on-year basis, was highest in Enugu (35.98%), Kebbi (35.13%), and Niger (34.85%), while Ondo (13.43%), Cross River (17.11%), Kwara (17.28%) recorded the lowest rise in headline inflation on a year-on-year basis.

On a month-on-month basis, April 2025 recorded the highest increases in Sokoto (16.26%), Nasarawa (16.02%), Niger (14.74%), while Oyo (-6.45%), Osun (-4.54%) and Ondo (-3.44%) recorded declines in month-on-month inflation.

“State-level analyses of the food index in April 2025 show that food inflation on a year-on-year basis was highest in Benue (51.76%), Ekiti (34.05%), Kebbi (33.82%), while Ebonyi (7.19%), Adamawa (9.52%), and Ogun (9.91%) recorded the slowest rise in food inflation on a year-on-year basis.

“On a month-on-month basis, however, April 2025 food inflation was highest in Benue (25.59%), Ekiti (16.73%), and Yobe (13.92%), while Ebonyi (-14.43%), Kano (-11.37%) and Ogun (-7.06%) recorded declines in food inflation on a month-on-month basis”, said the Statistician General.