Nigeria's Inflation Drops by 10% Due to Tight Monetary Policy - Cardoso Reveals

Cardoso disclosed at a November 2025 MPC meeting that Nigeria's inflation decreased by 10 percentage points due to a tight monetary policy. The CBN Governor highlighted the effectiveness of monetary actions despite domestic and global challenges.

The inflation rate dropped from 16.05% in October 2025 to 8.43% in September 2025, reflecting broad-based disinflation across headline, food, and core inflation. The strengthening momentum is attributed to reduced foreign exchange volatility, easing food prices, and a more stable exchange rate.

Cardoso emphasized the need for continued proactive monetary policies to sustain the disinflationary trend.