Nigeria’s 2025 Budget and Economic Outlook

Accelerating momentum at an inflection point.

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Nigeria's 2025 Budget and Economic Outlook January 2025

Dear Vitus We are pleased to share our latest report: Nigeria's 2025 Budget and Economic Outlook: Accelerating momentum at an inflection point. Download publication This report provides highlights of the performance of Nigeria's economy in 2024 and an analysis of the country's budget and economic prospects for 2025. It highlights critical issues, the opportunities and risks they present, and their impact on households and businesses. Highlights from the 2025 economic outlook: Nigeria's GDP is projected to grow by 3.3% in 2025, supported by sustained policy reforms. However, growth prospects may be constrained by persistent economic pressures. Inflation is forecasted to decrease to about 26% in 2025, driven by tighter monetary policies, improvements in Nigeria's foreign exchange dynamics and baseline effects. The exchange rate is anticipated to stabilise in 2025, supported by ongoing foreign exchange reforms by the Central Bank of Nigeria (CBN), which are expected to boost foreign exchange inflows. Strategic imperatives for business leaders to thrive in 2025: Reinvent your business model: Adapt your business model to new economic realities, focusing on agility, customer-centricity, and value creation in evolving markets Reimagine your tech, digital and AI play: Harness emerging technologies, advanced digital platforms, and AI-driven solutions to innovate processes, enhance customer experiences, and drive efficiency. In case you have any questions, please do not hesitate to contact us. Contact us

Kenneth Erikume Partner, Tax Reporting & Strategy Tel: +234 (1) 271 1700 Email Olusegun Zaccheaus Partner and West Africa Lead, Strategy& Tel: +234 (1) 271 1700 Email

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