- Structural weaknesses, economic uncertainty, FX shortages, elevated inflation drag on non-oil economy
- Inflation has remained in double digits driven by food supply challenges, and FX pass through
- Economy contracted 1.9% in 2020 due to COVID-19, oil price slump, marking second recession in only four years
- Economic growth will remain weak and fragile in 2021 as Nigeria needs to implement FX and monetary reforms
Macro Analysis /
Nigeria