The Minister of Information and National Orientation, Mohammed Idris, has declared that President Bola Tinubu's economic policies are starting to yield positive results, following a recent drop in Nigeria's inflation rate.

Speaking at the 2025 ministerial briefing series held at the National Press Centre in Abuja on Friday, Idris highlighted the recent National Bureau of Statistics (NBS) report showing that inflation has eased to 23.7 percent in April from 24.23 percent in March 2025.

"The President is focused and determined, and his interventions are clearly showing benefits of reform, though gradually, are real and measurable," Idris stated.

The NBS data revealed that Nigeria's inflation cooled off by 1.86 percent on a month-on-month basis. Notably, the food inflation rate in April stood at 21.26 percent, down from previous figures.

"While food prices remain an important concern for many Nigerians, the year-on-year food inflation rate has eased to 21.26% in April. On a month-on-month basis, it slowed to 2.06%, down from 2.18% in March," the Minister explained.

According to Idris, this positive trend has been driven by price reductions in several staple food items including maize flour, wheat, yam flour, okra, soya beans, rice, and beans. He attributed these improvements to strategic government interventions in the agricultural sector, transportation, and other services.

"These efforts are yielding results and helping to ease pressure on household incomes," he added.

While acknowledging that the country has not yet reached its desired economic state, the Minister expressed optimism about the latest figures, stating they demonstrate that "hard decisions are beginning to bear fruit."

"As inflation eases, we expect to see corresponding improvements in consumer purchasing power and living conditions for all Nigerians generally," Idris said.

The Minister assured Nigerians that the federal government would continue implementing people-centered policies aimed at providing relief, restoring economic stability, and ensuring shared prosperity for all citizens.

The Tinubu administration has faced significant criticism over its economic policies, particularly the removal of fuel subsidies and floating of the naira, which initially led to sharp increases in the cost of living across the country.