Bismarck Rewane, Managing Director of Financial Derivatives Company Limited, has described President Bola Tinubu’s goal to lower Nigeria’s inflation rate to 15% by 2025 as “aspirational” and “bullish.” Speaking on Channels Television, Rewane stated that a more realistic projection would see inflation drop from the current 34.6% to around 25–27%, rather than the optimistic 15%.
Tinubu had outlined this target during his ₦49.7 trillion budget presentation to the National Assembly on December 18, 2024. Since his inauguration in May 2023, inflation has surged from 22.41% to 34.6%, driven largely by the removal of petrol subsidies and forex rate unification policies. Rewane emphasized the need to focus on achievable goals within the realm of economic realities.
