The Minister of Information and National Orientation, Mohammed Idris, Friday said the decrease in the inflation rate recorded for the month of April was as a result of delibrate interventions by the President Bola Ahmed Tinubu’s administration
Idris stressed that it is a sign that all the reforms of President Bola Ahmed Tinubu’s administration have begun to show fruit, which gives hope.
The National Bureau of Statistics had reported a decline in the country’s inflation rate for April which stood at 23.71%. This, NBC said, represents a decrease of 0.52% from the 24.23% recorded in March 2025.
Idris in his opening remark at the Ministerial Press Briefing said the improvement did not just happen, but as a result of deliberate interventions of the administration.
Idris therefore assured Nigerians that the government will continue to sustain the tempo.
He said: “Today, I am pleased to announce encouraging news from the National Bureau of Statistics which released the Consumer Price Index, the CPI, for April 2025 only yesterday. According to the report, the headline inflation rate for April stood at 23.71%. This represents a decrease of 0.52% from the 24.23% recorded in March 2025. Similarly, month-on-month inflation dropped by a notable 2.04% from 3.90% in March to 1.86% in April.
“This, of course, did not just happen by chance. The President is focused and determined and his determination and interventions are clearly seen.
“The benefits of reform, though gradual, are real and measurable. One of the key indicators of relief is the food inflation rate. While food prices remain an important concern for many Nigerians, the year-on-year food inflation rate has eased to 21.26% in April.
“On a month-on-month basis, it slowed to 2.06%, that is down from 2.18% in March. This positive movement has largely been driven by price reduction in staple items such as maize flour, wheat, yam flour, okra, soya beans, rice and beans. The major drivers of headline inflation, food and non-alcoholic beverages, restaurants and accommodation services, and transport are being targeted through strategic government interventions in the agricultural sector, in transportation, and also in other services.
“These efforts are yielding results and helping to ease pressure on household incomes. Ladies and gentlemen, we are growing that we are not yet where we desire to be. But these latest figures give us every reason to be hopeful.
“They show that hard decisions are beginning to bear fruit. And as inflation eases, we expect to see corresponding improvements in consumer purchasing power and living conditions for all Nigerians generally. Let me also assure you that the federal government will continue to sustain this temple.”
He also stressed that “Our focus remains on implementing people-centred policies that guarantee relief, restore economic stability, and ensure shared prosperity for all Nigerians.
“Nigeria is indeed turning a corner, and with your continued support, the discipline by all government functionaries, and the faith by the citizens in this process, we shall reap the dividends of these reforms together.
“Equally important is the administration’s bold drive to harness the power of creativity. The vision of President Bola Ahmed Tinubu is very clear. It is to ensure that Nigeria once again recovers its place, not just on the African continent, but also on the global stage.”
He therefore said that the ongoing Ministerial press briefing series “will continue to run up to the main Democracy Day and even afterwards until every minister has had their turn and then even after we do that, it is our determination to continue to provide this platform for all ministers to come and engage with Nigerians.”
He stressed that the briefing remains part of the administration’s effort to deepen transparency and foster a more informed and engaged citizenry.
He noted that the live coverage of the briefing reinforces the administration’s “strong commitment to openness, accountability and direct communication with citizens.
“We have our responsibility first to the Nigerian nation and that is why we invite these ministers to come here and address Nigerians and those outside this country directly from nowhere but from the National Press Centre here in Abuja.”
“Today, as always, Nigerians will gain deeper insight into the far-reaching investments being undertaken by the Tinubu’s administration in key sectors that directly impact the lives and livelihoods of our citizens,” he further added.
These include substantial interventions in critical infrastructure, including roads and bridges, and that is why we have the Honourable Minister of Works here to talk to you on the massive investments that this organisation is doing in this critical sector. These efforts include the work that we are also doing in the water and sanitation sector, and also in arts, culture, and the creative economy. These, we hope, will optimise benefits for all Nigerians.
