Nigeria Targets Single-Digit Inflation by 2027

Nigeria aims to reduce inflation to single digits by late 2027 to lower borrowing costs and boost economic growth. Finance Minister Taiwo Oyedele said recent reforms are improving public finances despite cost-of-living pressures.

A driver loads food items into a vehicle at Mile 12 International Market along Ikorodu Road in Lagos, Nigeria, April 13, 2026. REUTERS/Sodiq Adelakun

Nigeria targets single-digit inflation by the end of 2027 to unlock cheaper borrowing and accelerate economic growth, Finance Minister Taiwo Oyedele said on Monday afternoon.

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