The National Bureau of Statistics (NBS) has released its Consumer Price Index (CPI) report for April 2025, showing a modest decline in Nigeria’s headline inflation rate to 23.71%, down from 24.23% in March 2025.

According to the report, urban inflation stood at 24.29% year-on-year—significantly lower than the 36.00% recorded in April 2024. On a monthly basis, urban inflation dropped to 1.18%, down from 3.96% in March. Rural inflation was reported at 22.83% y-o-y, down from 31.64% in April 2024.

Amid these figures, several states have emerged as Nigeria’s most affordable in terms of inflation rates. While states like Benue, the FCT, and Zamfara continue to experience high inflation, others have seen relative price stability, making them more affordable for residents.

Based on the NBS data, here are the Top 10 Nigerian States with the Lowest Inflation Rates as of April 2025:

1. Ogun & Adamawa – 20.9% (Tie)

• Ogun: Food inflation at 9.9% y-o-y; -7.1% m-o-m drop in food prices; -3.2% m-o-m for all items.

• Adamawa: Food inflation at 9.5% y-o-y; food down -1.6% m-o-m; all items up by 3.5% m-o-m.

2. Taraba – 19.9%

• Food inflation at 20.3% y-o-y; food prices rose by 1.4% m-o-m; all items increased by 2.5%.

3. Rivers – 19.2%

• Food inflation at 18.0% y-o-y; 1.8% m-o-m food price increase; -0.7% m-o-m drop in all items.

4. Plateau – 18.9%

• Despite 30.5% y-o-y food inflation, the state saw a significant 11.4% m-o-m increase in food and 1.8% in all items.

5. Oyo – 18.7%

• Food inflation at 21.5% y-o-y; m-o-m food prices fell by -7.0%; all items declined by -6.4%.

6. Katsina – 17.6%

• Food inflation at 22.1% y-o-y; food up 6.4% m-o-m; all items down -3.0% m-o-m.

7. Akwa Ibom – 17.4%

• Food inflation at 16.4% y-o-y; 5.8% m-o-m rise in food; 6.4% increase in all items m-o-m.

8. Kwara – 17.3%

• Food inflation at 15.8% y-o-y; food prices rose 2.8% m-o-m; all items up 3.4% m-o-m.

9. Cross River – 17.1%

• Food inflation at 14.5% y-o-y; 2.2% rise in food prices m-o-m; 3.9% in all items.

10. Ondo – 13.4% (Lowest Inflation Rate)

• Despite 20.6% food inflation y-o-y, all items declined by -3.4% m-o-m while food rose 5.2%.

Conclusion

The April 2025 CPI report indicates subtle improvements in Nigeria’s inflation landscape. For individuals and businesses seeking more affordable living and operating environments, these states offer relatively stable economic conditions amidst national inflationary pressures.