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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.
When Inflation rate dropped for the first time after swearing-in of new Govt….
At Inauguration: 11.36%
A Month After: 8.28% — Immediate drop.
At Inauguration: 4.64%
2 Months After: 4.83% — Jul 2007
At Inauguration: 15.04%
A Month After: 12.91% — Immediate drop.
At Inauguration: 9.00%
5 Months After: 9.30% — Oct 2015
At Inauguration: 22.41%
14 Months After: 33.40% — Jul 2024