WATCH THE VIDEO HERE THE Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, has described President Bola Tinubu’s 15% inflation target for 2025 as “bullish” and “aspirational.” Rewane speaking in an interview today, said the target is not feasible. He stated, “The goal is aspirational. Realistically, we foresee inflation dropping from about 35% to somewhere between 27% and 25%. A 15% rate is overly optimistic, but aspirations are allowed. “In the real world, a 27% to 25% inflation rate is more achievable. I would place my bets on that rather than on overly optimistic scenarios,” he added. During his ₦49.7 trillion budget presentation to the National Assembly on December 18, 2024, President Tinubu expressed optimism that inflation could drop from 34.6% to 15% in 2025. When Tinubu assumed office in May 2023, Nigeria’s inflation rate stood at 22.41%, according to the National Bureau of Statistics (NBS). By November 2024, it had soared to 34.6%, an increase attributed to the removal of petrol subsidies and the unification of forex rates.
27% Inflation target realistic, Tinubu’s 15% aspirational — Rewane
