Tag Archives: Nigerian Economy

With the chanting of the ‘Renewed Hope’, it appears to be Uhuru in Nigeria, following the recent World Economic Outlook presented by the International Monetary Fund, which projected that Nigeria’s economy would expand by 4.1 percent in 2026

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As the new economic year begins in Nigeria, statements and policies emanating from government officials' corridors project cautious optimism. One of the official narratives that expresses renewal of hope and confidence is the projection from the Central Bank of Nigeria (CBN) that the economy is expected to continue expanding, with GDP growth at 4.49 percent, and headline inflation is projected to moderate to 12.9 percent.

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Nigeria’s economy is bleeding, not from the absence of money, but from the silent, systemic outflow of capital that should be building industries, creating jobs, and stimulating innovation. Instead, wealth is fleeing into the vaults of local banks, offshore accounts, and speculative government instruments that promise easy returns but deliver little to the real economy.

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The Managing Director/Chief Economist at Analysts Data Service and Resources Limited,  Dr Afolabi Olowookere, has said that the Federal Government needs to revive and concentrate on production, review its trade- industrial policy and borrow innovatively for Nigeria to tame rising inflation,

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Nigeria’s economy appears to be on sustained recovery from recession as the Gross Domestic Product (GDP) grew by 0.51% (year-on-year) in real terms in the first quarter of 2021.

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The Minister of Budget and National Planning, Senator Udoma Udo Udoma is optimistic that the Nigerian economy will continue to maintain its recovery in 2019 as the real GDP growth is expected to increase from 0.8% in 2017 to 2.1% in 2018 and 3.01% in 2019, with the sustained implementation of the ERGP. Senator Udoma who was speaking at the …

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