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Analysis by Region - Emerging Markets - Nigeria

Publisher Oxford Economics
Published Jul 04, 2025
Length 6 Pages
SKU # OFE20204929

Description

We still forecast the Nigerian economy to expand at a solid clip of 3.4% in 2025, despite potential downside risks arising from external demand shocks and global risk aversion. We base our prediction on sound private sector activity in H1 2025 and solid oil production over the first five months of the year. Still, market volatility could be on the cards this month as President Donald Trump's 'Liberation Day' tariffs are set to kick in on July 9 after a 90-day pause.

Table of Contents

6 Pages
Nigeria: Economy on a steady course ahead of tariff deadline
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

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