HomeNewsCBN: Nigeria's Economy to Grow by 4.1 Percent in 2025

CBN: Nigeria’s Economy to Grow by 4.1 Percent in 2025

Published on


KEY POINTS


  • The economic experts forecast Nigeria’s economy will expand by 4.1 percent in 2025.
  • Economic reforms will push Nigeria’s inflation rate down to 15 percent.
  • Foreign capital investment worth $6 billion supported external reserve growth in 2024.

The Central Bank of Nigeria (CBN) forecasts Nigeria’s economy will expand at 4.1 percent in 2025 due to improvements in domestic oil output and government initiatives and refinery upgrades.

During the Nigeria Economic Summit Group (NESG) 2025 Macroeconomic Outlook launch the CBN Governor Mr. Olayemi Cardoso shared this prediction.

The Nigerian foreign exchange market reforms resulted in $6 billion of capital inflow throughout 2024 which enabled the elevation of external reserves to over $40 billion according to Cardoso.

The forecast showed total crude output reaching 2.3 million barrels per day by the middle of 2025 which would deepen Nigeria’s current account surplus.

Forecasters predict that inflation will move from its 2024 annual rate of 33 percent to 15 percent by 2025.

An expert analysis by Taiwo Oyedele at the Presidential Fiscal Policy and Tax Reforms Committee points to a “base effect” combined with stable fuel prices while enhanced foreign exchange stability drives projected 2025 economic growth.

NESG and world bank suggest paths to economic stability

Through its recommendations the NESG suggested that Nigerian officials should unite fiscal policy with monetary policy and trade policies to draw strategic investments which generate sustainable economic development.

NESG Chairman Mr. Olaniyi Yusuf emphasized that policy convergence should build an efficient regulatory framework and drive infrastructure development.

The World Bank sent a recommendation to the Federal Government to expand social intervention initiatives because these programs would reduce the adverse effects of reforms on vulnerable demographic groups.

The World Bank senior economist Samer Naji Matta advised governments to use fuel subsidy savings to fund expanded cash transfer programs.

The CBN reaffirmed its dedication to both price stability maintenance and investor confidence strengthening while establishing an exchange code to achieve transparent foreign exchange handling practices.

Latest articles

South-South Leaders Call on Tinubu to Restore Fubara

Leaders and civil society groups are asking Tinubu to lift the emergency rule and end the suspension of the Rivers State governor, saying it goes against the constitution and democracy.

Troops Kill Five Top Terror Commanders in July Raids

Nigerian troops killed five terrorist leaders, rescued 134 hostages, and foiled oil thefts in sweeping nationwide raids during July 2025.

Nigeria Immigration Cautions Against U.S. Visa Violations

NIS urges full compliance with U.S. visa terms amid rising concerns from U.S. officials about misuse and illegal stay

2027 Election: Can Nigeria’s Opposition Coalition Dethrone Tinubu’s APC?

As 2027 elections approach, Nigeria’s opposition coalition faces the uphill task of unseating APC’s Bola Tinubu amid internal crises, defections, and a fast-closing window to forge a united front.

More like this

South-South Leaders Call on Tinubu to Restore Fubara

Leaders and civil society groups are asking Tinubu to lift the emergency rule and end the suspension of the Rivers State governor, saying it goes against the constitution and democracy.

Troops Kill Five Top Terror Commanders in July Raids

Nigerian troops killed five terrorist leaders, rescued 134 hostages, and foiled oil thefts in sweeping nationwide raids during July 2025.

Nigeria Immigration Cautions Against U.S. Visa Violations

NIS urges full compliance with U.S. visa terms amid rising concerns from U.S. officials about misuse and illegal stay