JUST IN: Nigeria’s Inflation Eases to 21.88% in July Amid Harvest Season Boost Nigeria’s headline inflation rate has slowed to 21.88% in July, marking a slight relief for consumers as the harvest season helps ease food prices. Economic analysts say the seasonal supply boost could provide temporary stability, though challenges like currency pressures and production costs remain. #NigeriaEconomy #InflationRate #HarvestSeason #EconomicUpdate #BusinessNews #CBN #FoodPrices

GDP Growth Not Enough If Nigerians Remain Unhappy — Rewane Renowned economist Bismarck Rewane has warned that Nigeria's economic progress must translate to real benefits for ordinary citizens, saying, “Happy statistics and unhappy people is not the goal.” His comment follows recent reports by the National Bureau of Statistics (NBS) that GDP grew by 3.13%, and the Central Bank of Nigeria (CBN) retained the interest rate at 27.5%. Rewane supported the CBN’s cautious approach but stressed that despite some economic gains—such as a marginal Naira appreciation and reduced logistics costs—the average Nigerian still faces high inflation and food insecurity. Citing rising prices of essential goods like rice, pepper, and transport, he argued that inclusive growth, job creation, and poverty reduction must take priority. He emphasized that for Nigeria to reach its $1 trillion economy target by 2030, growth must be both faster and people-centered. Rewane urged policymakers to “think outside the box” and focus on distributing economic gains to reduce hardship nationwide.#BismarckRewane #NigeriaGDP #CBNInterestRate #InflationInNigeria #FoodPrices #EconomicGrowth