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AfDB Projects Slower GDP Growth for Nigeria

Finance 6 hrs ago
  • User
    Festusur
    6 hrs ago

    The African Development Bank forecasts Nigeria’s GDP growth will drop to 3.2% in 2025 (from 3.4% in 2024) due to structural constraints and global uncertainties. While recent reforms—like fuel subsidy removal and exchange rate unification—show progress, capital mobilisation challenges threaten momentum.

    To accelerate growth, the AfDB urges coordinated policy on finance, infrastructure, and human capital. Smart fiscal reforms, better public investment, and private sector partnerships could help Nigeria achieve sustainable and inclusive development—even if growth numbers aren’t flashy.

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