Nigeria’s Inflation Nightmare: Why Prices Keep Spiraling Out of Control

    Dr. Oluyemi Adeosun | Top Stories | Apr 17, 2025    
Get Unlimited Access
Subscribe to unlock this article

Complete digital access to quality journalism on any device. Cancel anytime during your trial.

Once registered, you can:

  • Read this article and many more, including access to epapers and research
  • Enjoy customize article feed/recommendation based on your profile
  • Enjoy access to Businessday exclusive events
  • One-Access accross Businessday platforms

Share this article
Shared
1433
times

Nigeria’s inflation crisis shows no signs of abating in 2025. Fresh data reveals that year-on-year headline inflation climbed to 24.23% in March, up from 23.18% in February and 24.48% in January. This marks yet another month of worsening price pressures, squeezing households and businesses alike. The figures paint a grim picture: Nigeria’s economy remains trapped in a vicious cycle of rising costs, with food prices leading the charge and regional disparities widening.

Continue reading your article with a
BusinessDay subscription





Already a subscriber?
Sign In
RECOMMENDED STORIES
support_agent