Inflation figures under Nigerian Presidents 1999 – 2024

Inflation figures dropped significantly in the administration of former President Olusegun Obasanjo in 1999 from 11.3% to 8,28% one month after inauguration.

There was also drop of inflation figures from 15.04% to 12.91% in the administration of former President Goodluck Jonathan one month after inauguration.

There was marginal increase in inflation rate from 9.00% to 9.30% in the administration of former President Muhammadu Buhari in 2015 five months after inauguration.

Inflation figure rose significantly in the administration of incumbent President Bola Tinubu in 2024 from 22.41% to 33.40% 15 months after inauguration.

See details of all figures below.

FIRST POSITIVE IMPACT ON INFLATION RATE

When Inflation rate dropped for the first time after swearing-in of new Govt….

OBASANJO

At Inauguration: 11.36%

A Month After: 8.28% — Immediate drop.

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YAR’ADUA

At Inauguration: 4.64%

2 Months After: 4.83% — Jul 2007

JONATHAN

At Inauguration: 15.04%

A Month After: 12.91% — Immediate drop.

BUHARI

At Inauguration: 9.00%

5 Months After: 9.30% — Oct 2015

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TINUBU

At Inauguration: 22.41%

14 Months After: 33.40% — Jul 2024