Nigeria has recorded another major step toward economic stability. The Lagos Chamber of Commerce and Industry (LCCI) has welcomed the latest figures from the National Bureau of Statistics, showing headline inflation easing to 16.05% and food inflation slowing to 13.12% in October 2025.
This marks the seventh straight month of cooling inflation. According to the Chamber, the trend reflects softer food prices, a stronger naira, and improved harvest outcomes. Businesses and households, both strained by months of rising costs, now have clearer signs of relief.
However, the LCCI warns that the progress remains fragile. Month-on-month inflation rose to 0.93% in October, up from 0.72% in September. This shows that, despite improving annual trends, short-term price pressures are still present—especially within food items that heavily influence Nigeria’s Consumer Price Index.
The Chamber is calling on policymakers to capitalize on the momentum. It emphasizes the need for bold foreign-exchange reforms, stronger food-security strategies, and quick fixes to ongoing supply-chain issues.
The LCCI also encourages the private sector to use this window of relative stability to reinvest, expand production, and create jobs.
Nigeria, the Chamber insists, is standing at a crucial turning point—one where coordinated action can turn easing inflation into lasting economic confidence.
