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Analysis by Region - Emerging Markets - Nigeria

Publisher Oxford Economics
Published Sep 03, 2025
Length 7 Pages
SKU # OFE20418429

Description

Our outlook in this forecast round remains broadly intact from the August update, barring a few tweaks to sectoral growth rates following the rebasing of GDP in July. Leading indicators point to solid momentum in H2 2025, with private sector activity trending in expansionary territory in August, while oil production remained buoyant in July. We still expect real GDP growth to slow in 2026. Risks to Nigeria's economic growth outlook have become more balanced, but are still slightly skewed to the downside. Upside risks to the medium-term outlook include a stronger manufacturing performance and higher oil production.

Table of Contents

7 Pages
Nigeria: Minimal forecast tweaks amid more balanced risks
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Long-term prospects
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

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