Inflation Exceeds 20% in Six Nigerian States, FCT

As of February 2026, inflation rates exceeding 20% persist in six Nigerian states and the Federal Capital Territory, despite a slight decrease in the national headline inflation rate to 15.06% from 15.10% in January. The National Bureau of Statistics reports that Kogi has the highest inflation at 23.6%, followed by Benue at 22.9%, Anambra at 22.1%, and the Federal Capital Territory at 21.9%.

Oyo and Akwa Ibom recorded inflation rates of 21.6% and 20.9%, respectively, while Adamawa stood at 20.0%. The significant inflation is largely driven by food prices, with Kogi experiencing a food inflation rate of 26.9%.

The report indicates that food inflation remains a central factor, with local supply conditions contributing to elevated prices. Despite a year-on-year decline in the overall inflation rate, month-on-month inflation increased by 2.01% in February compared to a decline of 2.88% in January, highlighting ongoing price pressures across the economy.