Over 36+ days into 2022, there’s already been a lot of chatter and noise around the Nigerian economy.
And this year is even more unique, being a pre-election year. As such, you need partners ready to build with you and achieve impressive gains to stay ahead of the curve despite the chatter.
Our team of experts have scoured millions of data to curate this year’s 2022 economic outlook to help you make more intelligent and more informed investment decisions.
Here are some of the major highlights of the report:
- Following the economic recession that followed the global pandemic in 2020, Nigeria emerged from a period of economic recession and recorded three consecutive quarters of growth in 2021. We expect the growth trend to persist in 2022, although much slower, following the strong rebound witnessed in 2021.
- Some of the critical factors which presented as threats to growth in 2021 are expected to persist in 2022 – FX challenges, high and rising inflation, insecurity in various regions, and weaker than expected oil production numbers, dragging growth.
- Inflationary pressures will continue to persist in 2022 following its year’s end of 15.63% in 2021. We expect this figure to remain high in 2022 due to cyclical increases in food prices, disruptions in food-producing states, potential hikes in electricity tariffs and possible removal of fuel subsidies.
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