Brilliant Person: My Economist, exactly how are you doing? How is September over and we are heading to the last quarter of the year!
Financial expert: Hey There, Dazzling Citizen. I know, ideal? What a year it’s been!
Fantastic Resident: Look that’s talking; the 2025 writer of Economics Talks You have actually certainly had a good year.
Economic expert: I am glad to God for an excellent year. I see your growth as well. Well done!
Dazzling Person: Speaking of an excellent year, it appears Nigeria is having one also. I have actually been capturing up on the news, the numbers are looking far better!
Economic expert: Our dear country is starting to enjoy the early fruits of some hard reforms. So, which numbers caught your eyes?
Great Person: Plenty of: inflation growth is slowing down, GDP is climbing, and also the CBN decreased the MPR for the first time in five years!
Economic expert: My Dazzling Citizen, you are sounding like a financial expert currently! Check out you going down phrases. I’m impressed.
Fantastic Person: You recognize I picked up from the very best!
Economic expert: (laughs) Real, yet we need to simplify for others who may not understand these terms.
Great Resident: Or they might simply obtain Business economics Talks — you discussed all these phrases there. Anyhow, allow’s focus on what these numbers mean for development.
Economist: Ok, let’s cover both– simplifying the acronyms and reviewing the effect. Which one do we start with?
Fantastic Citizen: Let’s begin with GDP. It was reported to have grown from 3 13 % in Q 1 2025 to 4 23 % in Q 2 2025 What is going on? It’s been a while we taped over 4 % growth in Nigeria.
Economic expert: You’re right. Nigeria’s Gdp (GDP), which gauges the overall value of items and services created in the country, expanded by 4 23 % in Q 2, 2025 That’s impressive and over what we have seen in numerous years. Actually, the last time quarterly growth struck 4 % was in 2021
However while it’s a welcome indicator of recovery, it’s still inadequate to dramatically transform living criteria. For a country like Nigeria, we ought to be aiming for continual development in the high single numbers, even double figures to absolutely change resources and lower destitution at range.
Brilliant Resident: I hear you. I remember you described that in your book. Ok, allowed’s switch to rising cost of living. Inflation lowered from 32 15 % in August 2024 to 20 12 % in August 2025 Tell me regarding it.
Economic expert: Yes, inflation growth, which shows the development in prices of products and solutions, was reported at 20 12 % in August, 2025 However, keep in mind there was a rebasing done at the beginning of the year. We discussed it here https://medium.com/@esthermoyin/nigeria-inflation-rebasing- 949 taxi 426 e 7 f
Fantastic Person: True, I keep in mind. But the concern is are Nigerians feeling the impact of this decline?
Economic expert: You’re a Nigerian, you inform me. (ironical laugh) To be reasonable, most people believe a decline in the rising cost of living rate suggests rates have gone down, yet that’s not the situation. It merely indicates rates are still increasing, simply at a slower speed.
As soon as inflation exists, there’s already a basic rise in costs. But a stagnation in that surge is still a favorable sign, particularly when rising cost of living had actually been rising at double-digit rates for as long.
Fantastic Citizen: Hmm, I see, so costs could not be decreasing, yet at the very least they’re not climbing as swiftly. Still, a lot of us intend to feel it in our pockets, not simply become aware of a reduced inflation price!
Economist: I completely recognize that. It requires time for macroeconomic renovations to equate right into house alleviation, however this is a motivating begin.
Fantastic Resident: Ok, last one, extremely swiftly. The MPR was reduced for the very first time in five years from 27 5 % to 27 %. That’s a good indicator, right?
Economist: Yes, for the very first time in 5 years, the Reserve bank of Nigeria lowered the Monetary Policy Rate (MPR). The MPR is a crucial tool utilized to manage rising cost of living. This little decrease shows self-confidence in the recent stagnation in cost growth.
Fantastic Resident: Ok, I see the rationale. Yet what is the influence on the commoner like me?
Economic expert: (Grinning) It doesn’t impact you straight, yet as the MPR reduces, cost of borrowing will also reduce.
Dazzling Citizen: Leave that, these financial institutions do not offer us great rates of interest. It is not today! Also, I understand not to borrow from them. Their prices are too high for common people like me.
Economist: I hear you. Yet keep in mind, numerous services depend on bank credit to operate. If the MPR continues to decline regularly, we might see a ripple effect– lower borrowing expenses, boost domestic financial investment, rise in manufacturing and eventually more tasks and possibilities.
Brilliant Resident: Alright ooo. I will not pretend, some good ideas are taking place in the economic situation. But we still want to feel these renovations in our pockets and daily lives.
Financial expert: I’m with you. I’m likewise a Nigerian, and I want that as well.
Great Citizen: You have actually succeeded discussing these financial matters today. Next time, we will not go so granular. Better still, inform every person to get your book Business economics Talks so they as well can sound like me! (grinning)
Economic expert: (laughs) I’m sure they have heard you loud and clear. Thanks for being my champion on this trip.
Economic Talks is readily available to buy by means of https://selar.com/ 263141
Unique thanks to Wale Olusi and Abraham Afariogun for their contribution to this article.