The Central Bank of Nigeria published its August 2025 Household Expectations Survey, reporting that overall consumer sentiment remained pessimistic at -7.2 index points, while several household-finance indicators improved from July. Within the overall measures, the Economic Condition index was -4.3 index points, the Family Financial Situation Index improved to -17.0 from -21.0, and Family Income Sentiment improved to -0.3 from -4.7. Forward-looking macroeconomy sentiment was -0.2 for the next month, rising to 7.9 over the next three months and 14.9 over the next six months (February 2026). Price-change perceptions also improved, with the period sentiment index moving to -6.2 in August 2025 from -13.8 in July, and respondents expecting moderation in the current and next month but slight increases over the next three and six months. For selected items, the average price sentiment index improved to 27.4 from 34.7, while sentiment on Food and Other household items shifted to -29.0 from 6.7 and was expected to persist over the next three months; respondents anticipated higher average prices for Savings, Telecommunication, and Transportation over the next three and six months.
Central Bank of Nigeria 2025-09-10
Central Bank of Nigeria releases August 2025 household expectations survey showing sentiment still negative but improving and prices seen moderating
The Central Bank of Nigeria's August 2025 Household Expectations Survey shows persistent consumer pessimism with a -7.2 sentiment index, despite improvements in household-finance indicators. The Economic Condition index was -4.3, while Family Financial Situation and Income Sentiment indices improved. Forward-looking macroeconomic sentiment is expected to improve, with price-change perceptions moderating short-term but potentially increasing medium-term.