Price Pressures Persist: Six States and FCT Record Over 20% Inflation in February

Nigeria’s headline inflation eased slightly to 15.06% in February 2026, down from 15.10% in January. Yet six states and the Federal Capital Territory still face rates above 20%. Kogi led with 23.6%, followed by Benue at 22.9% and Anambra at 22.1%. The FCT posted 21.9%, Oyo 21.6%, Akwa Ibom 20.9% and Adamawa stood at 20.0%. Food costs drove much of the divergence, with Kogi’s food inflation hitting 26.9% against the national average of 12.12%. All seven areas saw a rebound in month-on-month prices after January’s declines. Anambra recorded the fastest rise in all-items inflation at 4.1%, while food prices jumped as much as 6.6% in Anambra and 6.5% in Akwa Ibom. This reversal suggests structural price pressures remain strong. Private sector representatives say the marginal easing offers little relief to households and small businesses. They argue the dip reflects seasonal demand rather than lasting improvements in supply or cost conditions.

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