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Bismarck Rewane, Managing Director of Financial Derivatives Company, has called President Bola Tinubu‘s ambition of reducing inflation to 15% by 2025 as both “aspirational” and “bullish.”
Speaking on Channels Television’s Business Morning programme, Rewane expressed scepticism about the feasibility of Tinubu’s target, announced during the ₦49.7 trillion budget presentation in December.
Rewane stated, “Inflation could drop from 35% to 27% or 25%, but a 15% target is ambitious. It’s good to have aspirations, but we must deal with realities.”
Since Tinubu assumed office in May 2023, Nigeria’s inflation rate has surged from 22.41% to 34.6% in November 2024, attributed to his policies on petrol subsidy removal and forex rate unification.
