Nigeria Latest News – July 8, 2025
24% Inflation as Reforms Exact a Harsh Cost
Nigeria's inflation rate surged to 24.08% in July, 18-year high, with far-reaching reforms of the central government—deregulation of fuel subsidies and currency liberalization—being the primary cause. Food inflation is at nearly 27%, squeezing domestic budgets and prompting the central bank to raise interest rates to 18.75% (streetinsider.com).
Despite the pain, the IMF forecasts 3.4% economic growth in 2025 and praises Nigeria's reform program, demanding sharper welfare policies to shield the vulnerable .
Fatal Floods Continue in Different States
Nigeria has been struck with consecutive floods since April. The May Mokwa flood alone caused over 200 deaths, injured 121, and displaced over 3,000 residents, destroying houses, bridges, and agricultural land (en.wikipedia.org).
Floods now threaten 30 out of 36 states, affecting more than 15 million Nigerians. The government is acting fast with relief efforts, such as evacuation processes and early-warning systems (en.wikipedia.org).
New Political Coalition Formed Before 2027 Elections
On July 2, opposition veterans Atiku Abubakar and Peter Obi established the Africa Democratic Congress, a new political movement, to fight President Tinubu and the APC in the 2027 elections (en.wikipedia.org).
Nine Killed in Boko Haram Borno State Attack
Sadly, nine civilians were killed in a Boko Haram attack on Malam Fatori in Borno State on 6th July. The attack serves to underscore ongoing security challenges in the northeast (en.wikipedia.org).
⚠️ Officials Warn of "Kenya‑Style" Protests
Before scheduled national protests on August 1, Nigeria's military and security forces threatened, invoking a threat of Kenyan-like unrest. Social media movements branded #EndBadGovernanceinNigeria and #RevolutionNow are gaining momentum concerning the cost-of-living crisis (guardian.ng).
Security warnings come in response to demands for the military not to relax their guard so that they may not undergo bloody escalations like past protests.
Today's Key Nigeria Headlines Summary
| Topic | Details |
|---|---|
| Economy | 24.08% inflation rate—highest in 18 years; CBN rate now 18.75% |
| Natural Disaster | Floods destroy 30 states; Mokwa flood death toll >200 |
| Politics | New Obi & Atiku ADC party established for 2027 struggle |
| Security Threats | 9 die at the hands of Boko Haram; warning signs raised on protest violence |
What's Coming Next?
- Relief missions and flood protection for at-risk communities
- IMF demand for wider social safety nets in the face of inflation
- Prep for August 1 protests—will leadership heed warnings or pursue crackdown?
- ACP vs. APC: how will the new ADC fare entering Nigeria’s volatile political arena?
Related Reading:
- [Inflation surge to 24% as Naira reforms bite – Reuters] (streetinsider.com, en.wikipedia.org, en.wikipedia.org, en.wikipedia.org, reddit.com)
- [IMF praises reforms, warns on poverty – Premium Times] (firstpost.com)
- [Deadly floods hit Mokwa and 30 states – Wikipedia]
- [New ADC party unveiled – Wikipedia]
- [Security agencies warn before protests – Guardian] (guardian.ng)
#NigeriaNewsToday #NigeriaInflation #NigeriaFloods #NigeriaPolitics #ADCParty #BokoHaram #RevolutionNow #EndBadGovernance #AugustProtests