The Presidency has stated that the decline in the nation’s inflation rate was not luck, but outcome of tough, radical reforms and disciplined economic management by the administration.
Daniel Bwala, Special Adviser to President Tinubu on Policy Communication, stated this in a post on his X handle on Monday, shortly after the release of the inflation figure by the National Bureau of Statistics (NBS), said many doubted President Bola Tinubu when he set a 15% inflation target in January.
Bwala said the facts have answered them as the inflation rate has eased to 14.45% in November 2025, beating the target and dropping from 16.05% in October.
“In January, President Bola Ahmed Tinubu set a 15% inflation target. Many doubted it. Today, the facts have answered them. Headline inflation eased to 14.45% in November 2025, beating the target and dropping from 16.05% in October.
“This is not luck. It is the outcome of tough, radical reforms and disciplined economic management. The reset is working, and Nigeria is steadily turning the corner,” he said.
The SA said under President Bola Tinubu, the numbers are speaking for themselves. Affirming that Nigeria’s non-oil exports hit a record N9.2 trillion in the first nine months of 2025, up from N6.2 trillion in the same period last year, according to NBS.
“That is a 48 percent jump and the highest non-oil export performance since records became consistent in 2015. What this shows clearly is that the tough decisions taken in 2023, especially allowing the naira to reflect market realities, are now working in Nigeria’s favour by making our goods more competitive outside the country.
“To put it in perspective, Nigeria earned only N3.1 trillion from non-oil exports in the whole of 2023. In just nine months of 2025, we have already tripled that figure. Yes, oil is still dominant, but this steady rise in non-oil exports tells a bigger story of an economy that is adjusting, expanding and finding new strength beyond crude oil.
“This is the direction President Tinubu promised, and this is evidence that the reset is yielding results for the Nigerian economy,” he said.
