Timeline of Nigeria's inflation rate by administration

Nigeria, dubbed the "Giant of Africa," is a nation with a rich and diverse history, marked by periods of growth, challenges, and transitions.

From the early days of the civilian government under Olusegun Obasanjo to date, inflation, a critical economic indicator, has been a rollercoaster ride, impacting the nation's economic landscape under various administrations. 

In its latest report, the National Bureau of Statistics revealed that Nigeria's annual inflation rate advanced to an 18-year high of 25.8% in August. This represents the eighth consecutive month of increase, following July's 24.08%.

It has become arduous for people to meet basic needs in the face of gravity-defying inflation.

Strings of early reforms like fuel subsidy removal and currency float by President Bola Tinubu have further compounded the problems. 

Business Insider Africa delves into the varying inflation rates in the first three months of different administrations that have governed the country.