Multi Decade-High Inflation Clouds Nigeria’s 2024 Growth Prospects
Country Risk / Nigeria / Mon 26 Feb, 2024
Key View
- We forecast that the Nigerian economy will expand by 2.9% in 2024, following a higher-than-expected real GDP outturn of 3.5% y-o-y in Q423.
- Multi decade-high inflation as a result of the partial removal of the fuel subsidy and exchange rate weakness will keep private consumption and fixed investment weak in 2024.
- That said, the