President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to reducing inflation further in 2026, insisting that economic reforms implemented in 2025 are beginning to deliver tangible results and will benefit households and businesses across the country.
Tinubu’s pledge came in his New Year’s message to Nigerians, delivered on Thursday as the nation marked the start of 2026. He highlighted that headline inflation had already declined to 14.45 per cent in November 2025, down from higher levels earlier in the year, and said the government aims to push it even lower.
“Inflation declined steadily and reached below 15 per cent, in line with our target. In 2026, we are determined to reduce inflation further and ensure that the benefits of reform reach every Nigerian household,” Tinubu said in the address.
Economic Reforms Driving Results
According to the President, the government’s fiscal and monetary policy adjustments have laid the foundation for greater macroeconomic stability. He said moderating inflation and interest rates would help create fiscal space for increased investment in infrastructure and human capital development, priorities that can stimulate growth and improve living standards.
Tinubu also praised states that have embraced harmonised tax laws, which he said will lighten the regulatory burden on citizens and businesses while supporting a fairer, more predictable tax environment.
Outlook for Growth and Inclusive Development
Looking ahead, the President said 2026 will be a more robust phase of economic growth, building on progress made the previous year and focusing on broadening opportunities for citizens. He reiterated that continuing reforms, including the Renewed Hope Ward Development Programme, are aimed at bringing millions into productive economic activity.
Economic analysts say continued inflation reduction is critical for small business confidence and consumer purchasing power, as lower inflation can help reduce input costs, stabilise prices, and improve planning certainty for micro, small and medium enterprises (MSMEs). Official projections from Nigeria’s Central Bank also suggest inflation could ease further in 2026 alongside steady growth, driven by stable exchange rates, stronger foreign reserves, and expanded non-oil activity.
