Macro Analysis /
Nigeria

Growth in Nigeria on track to return to pre-crisis levels, but challenges remain

  • Nigeria's GDP grew by 5% in Q2 21 vs 0.51% in Q1 21, marking the third consecutive quarter of growth since Q3 20

  • Non-oil sector supports growth while oil remains in recession for the sixth consecutive quarter

  • Nigeria is on track to meet IMF, World Bank growth projections, but FX woes, insecurity and inflation risks ever present

Growth in Nigeria on track to return to pre-crisis levels, but challenges remain
Janet Ogunkoya
Janet Ogunkoya

Senior Research Analyst

Tellimer Research
27 August 2021
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