Experts Forecast 3.5% Growth for Nigeria’s Economy in 2025 – Africa.com
Nigeria’s economy is expected to grow by 3.5% year-on-year in 2025, up from an estimated 3.2% in 2024, according to the NESG-Stanbic IBTC business confidence monitor. The report attributed the increase to easing inflationary pressures and the stabilizing effect of the government’s two flagship reforms: foreign exchange liberalization and the removal of fuel subsidies. Inflation is expected to average 30.5% in 2025, falling to 27.1% by December as high gasoline costs normalize and food supplies improve. Growth forecasts are likely to prompt the Central Bank of Nigeria’s Monetary Policy Committee to adopt an accommodative stance to improve credit access and reduce borrowing costs. The report’s authors argue that while the reforms were initially disruptive, they are now laying the foundation for a sustainable economic recovery, increased investor confidence and fiscal stability. They also stressed that continued stability in exchange rates and fiscal policy will be key to maintaining growth momentum in the coming years.
source: Naira Metrology
