THE NUMBERS SAY CALM. THE STREETS SAY OTHERWISE.
THE NUMBERS SAY CALM. THE STREETS SAY OTHERWISE. Feature · The Record · August 25, 2026 · By Destiny Tamunoala Emmanuel Two years after the #EndBadGovernance protests of August 2024, Nigeria is being told it is getting better, and the people being told are not the ones who decide. The National Bureau of Statistics says headline inflation fell to 15.43% in July, from 15.91% in June, a year of steady disinflation since the double-digit emergency of 2024 and 2025. The naira is steadier, around ₦1,346 to the dollar at the official window, after trading above ₦1,600 in its worst months. Foreign reserves are up 16% to $52.8 billion. Petrol, after a brutal climb, has been falling at the pump: from ₦1,305–₦1,335 per litre on July 31 to ₦1,210–₦1,275 by August 20, after Dangote Refinery cut its gantry price by ₦45 to ₦1,165, and its petrol is now ₦53.54 cheaper than imported fuel, whose landing cost stood at ₦1,218.54. Every one of those numbers is real, verifiable, and published by institution...
