Reuben Abati Criticizes NBS Over Inflation Drop Impact on Cost of Living

Reuben Abati, a veteran journalist and former presidential aide, questions the credibility of the National Bureau of Statistics (NBS) for announcing a decline in inflation rates. Abati argues that the reported 15% inflation rate has not translated into real relief in the cost of living for Nigerians, emphasizing that the market prices have not shown evidence of a decrease.

He believes that inflation data takes time to affect living conditions and that a delay in improvement is not a true sign of progress. Abati highlights the need for a noticeable reduction in food inflation to reflect an actual improvement in living standards in Nigeria.