Marginal drop in inflation not a reason to relax, experts caution.
The Lagos Chamber of Commerce and Industry (LCCI) has urged vigilance despite Nigeria’s inflation easing slightly from 15.10% in January to 15.06% in February.
Director-General Dr Chinyere Almona warned that rising month-on-month inflation of 2.01% shows that price pressures remain strong. She highlighted food inflation, supply chain issues, insecurity in farming areas, and high transport costs as key drivers.
Almona also flagged global oil volatility, exchange-rate instability, and geopolitical risks as threats that could reverse recent gains. She called on the Federal Government to boost agriculture, power reliability, transport efficiency, and non-oil exports to sustain price stability.
“Without structural reforms and targeted interventions, the recent slowdown could be short-lived,” she stressed.
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