Nigeria's 2025 Economic Outlook: GDP Growth, Inflation Drop & Naira Comeback?

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Nigeria’s economy is set for a major shift in 2025, with GDP growth projected to rise—powered by agriculture, oil & gas, and financial services. But challenges remain: inflation could hit 25-30% before easing in the second half of the year, thanks to exchange rate stability, improved food supply, and NBS’s rebasing efforts. The naira is expected to strengthen, backed by the EFEMS platform, rising FX inflows, and growing reserves.

Will the CBN keep interest rates high, or will we see policy easing later in 2025? Agriculture remains crucial (over 20% of GDP), while oil & gas secures $5bn+ in investments. Meanwhile, financial services are expanding through digital innovation and sector recapitalization.

Joshua Bamfo, Partner & Head of Transfer Pricing Services at Andersen Nigeria, breaks down the key trends shaping Nigeria’s economic future.

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