…As NCC rejects 100% hike requested by telecom operators
.. Says “we must protect Nigerians”.
…Expect further increase in food inflation on account of hike in telephone tariff–Experts
Meanwhile, Some financial experts have said that the inflation rate may decrease in the coming months if factors such as energy prices and security improve.
Nigeria’s headline inflation rate dropped to 34.80 per cent in December 2024, despite seasonal consumption increases, particularly in food,

Nigeria’s headline inflation rate saw a slight increase, reaching 34.80 per cent in December 2024, according to the National Bureau of Statistics (NBS).
This represents a modest rise of 0.20 per cent compared to the 34.60 per cent recorded in November 2024, largely driven by heightened demand for goods and services during the festive season.
Additionally, the December 2024 inflation rate was 5.87 per cent higher than the 28.92 per cent recorded in December 2023.
The experts noted, however, that challenges such as rising food prices and proposed telecom tariff hikes could hinder progress in the short term.
Reacting to the figures, Nigeria’s first Professor of Capital Market, Professor Uche Uwaleke stated that the drop in inflation was not unexpected.
However, he expressed optimism about the trajectory of inflation in the coming months, asserting that the December figure of 34.80 per cent likely represents the peak.
Looking ahead, he anticipated that Nigeria’s inflation rate for January 2025 would show a decrease compared to December, driven by lower consumption levels post-festivities and a favorable base effect from the previous year.
He also suggested that this decline could signal the onset of disinflation, a trend where inflation gradually slows down.
The shift, according to Uwaleke, may lead to a change in the Central Bank of Nigeria’s (CBN) current monetary policy stance, which has been focused on tightening to control inflation.