Analysis by Region - Emerging Markets - Nigeria
Description
We expect economic growth could weaken somewhat in H2 2025, as President Trump's Liberation Day tariffs came into effect in August. While the country’s US reciprocal tariff was lifted by 1.0 ppt to 15%, we maintain our view that the direct economic impact should be muted as oil remains exempt, thereby lowering the effective tariff. The second-round effects of an oil price fallout remain uncertain. Still, Nigeria's oil economy boomed by 20.5% y/y in Q2 2025.
Table of Contents
7 Pages
- Nigeria: Oil economy slides along, but headwinds are looming
- 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
Search Inside Report
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.

