LCCI Warns Weak Purchasing Power Despite Easing Inflation in Nigeria

The Lagos Chamber of Commerce and Industry (LCCI) cautions that despite a 15.15% decrease in headline inflation in December 2025, Nigeria's purchasing power has not fully recovered. The 12-month average inflation rates for core, urban, and rural areas remain high, indicating a structural challenge.

LCCI President Ley Kupoluyi notes that the slowdown in inflationary momentum does not signify a resolution to Nigeria's inflation challenges. Food inflation has significantly dropped, but staple food prices like tomatoes, garri, beans, grains, onions, and vegetables still put pressure on household budgets.