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.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
Read full article
Continue on Punch Newspapers
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Economist Warns of Inflation Impact on Nigeria's Purchasing Power in 2026
Nigeria's CPI Declines to 15.1%, Rate Cut Possible
Nigeria's Inflation Rate Falls to 14.45% in November, CPI Rises: NBS Report
Nigeria's Inflation Rate Drops to 15.10% in January 2026
Experts Analyze Impact of Energy and Transportation Costs on Nigeria's Inflation
February 2026: Mixed Food Price Trends in Lagos Markets
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
