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NBS says inflation slows to 21.88% — Nigerians fire back: ‘Na statistics we go chop?’

Business1 min read
NBS says inflation slows to 21.88% — Nigerians fire back: ‘Na statistics we go chop?’

The National Bureau of Statistics (NBS) reported a slight decrease in Nigeria's inflation rate to 21.88% in July 2025, which was met with mixed reactions from Nigerians. While policymakers and economic observers welcomed the decline as a sign of gradual progress in stabilizing the economy, many citizens expressed skepticism about whether the improvement reflected the reality on the ground.

Social media platforms were flooded with comments questioning the accuracy of the statistical report, with some users accusing the government of manipulating data. Despite the official figures, Nigerians highlighted the continued high cost of living, especially in terms of food and essential goods.

While some expressed hope for a brighter economic future, others remained doubtful about the true scale of hardship faced by people on the streets.

Plus234Feed summary based on reporting from NairaMetrics. Read the original report below.

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