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Analysis by Region - Emerging Markets - Nigeria

Publisher Oxford Economics
Published Aug 06, 2025
Length 6 Pages
SKU # OFE20317583

Description

Officials at the National Bureau of Statistics (NBS) overhauled vital macroeconomic statistics this year. The CPI was rebased to 2024 at the start of the year, while GDP figures were rebased to 2019 in July. This forecast round includes Nigeria's rebased GDP estimates, which paint a slightly different picture of the oil-pumping nation. Although we have lifted our real GDP growth forecast over the medium term, we still expect annual growth to slow.

Table of Contents

6 Pages
Nigeria: Rebasing exercise delivers a more upbeat outlook
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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