An awesome majority of Nigerian households have expressed a robust demand for decrease rates of interest, with 61.5% of respondents indicating they need charges to fall by October 2025.
The findings replicate rising issues amongst households in regards to the rising value of borrowing and the general tightening credit score circumstances within the financial system.
That is in response to the most recent Family Expectations Survey launched by the Central Bank of Nigeria (CBN).
“Majority of respondents proceed to favor decrease rates of interest, with 61.5% indicating a want for charges to fall (decline) in October 2025,” the report stated.
Based on the survey, 42.5% of Nigerians particularly indicated they need rates of interest lowered—even when such reductions might gasoline inflationary pressures.
This indicators a widespread desire for extra reasonably priced credit score to assist family spending, enterprise actions, and basic monetary stability.
“In October 2025, 42.5% of respondents indicated a desire for a lower in rates of interest with out minding the inflationary impact,” the CBN survey revealed.
Households increase issues over rising curiosity on bank loans
The report additionally highlights {that a} bigger proportion of respondents noticed a rise in rates of interest on bank loans over the previous three months.
This development aligns with financial coverage tightening measures carried out to curb inflation, however it has additionally made entry to credit score tougher for people and small companies.
Analysts say the rising rate of interest atmosphere has had ripple results throughout sectors. They say small and medium-sized enterprises—typically depending on bank loans—proceed to precise issues about mortgage affordability and dealing capital constraints.
What it’s best to know
At its 302nd assembly in Abuja, the CBN lowered the MPR by 50 foundation factors, bringing it down from 27.5% to 27%.
CBN Governor Olayemi Cardoso defined that the adjustment displays the Committee’s cautious try to ease financial circumstances in response to indicators of moderating inflation and enhancing macroeconomic fundamentals.
As well as, the MPC adjusted the uneven hall across the benchmark charge to +250/-250 foundation factors, in comparison with the earlier +500/-100 foundation factors.
The Committee retained the Money Reserve Ratio (CRR) for industrial banks at 45 per cent, whereas that of service provider banks was set at 16 per cent.
The Nationwide Bureau of Statistics reviews that Nigeria’s headline inflation charge eased to 18.02 per cent in September in comparison with 20.12 per cent in August.
Based on NBS, on a year-on-year foundation, the headline inflation charge was 14.68 per cent decrease than the speed recorded in September 2024 (32.70 per cent), exhibiting that the headline inflation charge (year-on-year foundation) decreased in September 2025 in comparison with the identical month within the previous yr.
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