Nigeria, Aug. 25 -- About a week ago, the National Bureau of Statistics (NBS) released the inflation figures for last month. According to our official bean counters, "In July 2025, the headline inflation rate eased to 21.88% relative to the June 2025 headline inflation rate of 22.22%." Expectedly, there was much backslapping within government circles where the need to point to evidence of the correctness of the current government's reform trajectory continues to do battle with (what remains of) the opposition's constant reminder that on account of the Tinubu government's policies, poverty currently sashays down the country's main streets and scavenges its alleys, far more assuredly than it has done in a long while.

As usual, the devil is...