Nigeria's Consumer Confidence Fragile Despite Inflation Easing, CPPE Urges Government Action
Despite a slight decrease in Nigeria's inflation rate, Consumer Confidence remains fragile, according to the Centre for Promotion of Private Enterprise (CPPE). CPPE's CEO, Muda Yusuf, highlighted the ongoing challenges of high food prices and weak purchasing power affecting ordinary Nigerians.
While there are signs of macroeconomic stability, the benefits are not yet widely felt. The CPPE urged the government at both federal and state levels to sustain reforms to enhance economic stability.
The National Bureau of Statistics reported a fifth consecutive month of easing inflation in August 2025. The CPPE emphasized the need for sustained measures to boost consumer confidence and ensure a stable economic foundation.
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