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FG Will Bring Down Inflation To Single-Digit By 2027 — Oyedele
🇳🇬 Nigeria · Economy · Abuja, FCT · 3 h ago
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26.10 14:09 UTC
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The Federal Government is targeting single-digit inflation before the end of 2027, a move expected to create conditions for lower interest rates, cheaper borrowing and faster economic growth.
So that it can create the condition for single-digit interest rate,” he said.
Nigeria’s headline inflation rate stood at 14.63 per cent in September 2026, down from 15.39 per cent in August, according to figures cited in the report.
He said the government had channelled some of the savings into salary increases and wage adjustments, the payment of pension arrears and subsidised credit for small businesses.
He cited the difficulties young Nigerians faced in May 2023 in paying for online applications required to access income-generating opportunities, including applications costing as little as $20.
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