• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, August 5, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Nigeria’s 2025 GDP Growth Could Reach 5.5% With Effective Policies – NESG

by Mark Itsibor
6 months ago
in Business
NESG
Share on WhatsAppShare on FacebookShare on XTelegram

Nigeria’s economy is projected to achieve a 5.5 per cent gross domestic growth rate in 2025, contingent on effective reforms, according to Olusegun Omisakin, chief economist of the Nigerian Economic Summit Group (NESG).

Advertisement

President Bola Tinubu emphasised that ongoing economic reforms are yielding positive results, aiming for macroeconomic stability and improved living conditions for citizens.

Key strategies include controlling inflation, enhancing foreign exchange liquidity, and optimising fiscal performance.

However, some analysts caution that without substantial policy implementation, growth could fall to as low as 3.4 per cent.

Omisakin projected that Nigeria’s economy could achieve a 5.5 per cent gross domestic growth rate in 2025 if efficient reforms are implemented.

RELATED

Most Popular Lotteries In Africa

Most Popular Lotteries In Africa

30 minutes ago
VAT Revenue Rises By 4.4%To N588bn In Q1 – NBS

Nigeria Records $5.64bn Capital Importation In Q1 2025 — NBS

3 hours ago

Omisakin said this during the NESG 2025 Macroeconomic Outlook Launch held on Thursday, emphasising the importance of targeted measures to unlock the country’s economic potential.

According to him, achieving this growth rate hinges on three key strategies. First, he highlighted the need to control inflation, noting that the current inflationary trend is spiraling out of control.

He said controlling inflation must go beyond what the monetary authority can address or what the fiscal authority can achieve through expansionary spending.

He stressed the importance of critical sectoral reforms, particularly in agriculture, stating, “There is no way inflation can be moderated without considering the agricultural sector.”

Second, Omisakin emphasised the need to boost foreign exchange (FX) liquidity and stabilise the exchange rate, which is critical for fostering investor confidence and economic stability.

Lastly, he called for optimising fiscal performance, including prudent government spending and improving revenue generation to reduce fiscal deficits.

However, Omisakin warned that Nigeria’s current trajectory, marked by inefficient policy implementation and significant economic constraints, could result in a much lower growth rate.

He projected a possible growth rate of 3.4 per cent if the status quo remains. Additionally, he cautioned that a reversal of some of the initial policy reforms could see growth plummet further to 2.7 per cent.

 

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Gross Domestic Product (GDPNigerian Economic Summit Group (NESG)
SendShareTweetShare
Previous Post

Progressives Form Coalition In Delta Ahead Of 2027

Next Post

House Committee Chairman Tasks Abia Residents On Environmental Sanitation

Mark Itsibor

Mark Itsibor

Mark Itsibor is a journalist and communication specialist with 10 years of experience, He is currently Chief Correspondent at LEADERSHIP Media Group and writes on Finance, Economy, Politics, Crime, and Judiciary. He has a B.Sc in Political Science, Post Graduate Diploma in Journalism (Print), and B.A in Development Communication. His Twitter handle is @Itsibor_M

You May Like

Most Popular Lotteries In Africa
Business

Most Popular Lotteries In Africa

2025/08/05
VAT Revenue Rises By 4.4%To N588bn In Q1 – NBS
Business

Nigeria Records $5.64bn Capital Importation In Q1 2025 — NBS

2025/08/05
Rivers Set To Unlock New Frontiers As Port Harcourt Transforms To Int’l Energy Hub
Business

Rivers Set To Unlock New Frontiers As Port Harcourt Transforms To Int’l Energy Hub

2025/08/05
FULL LIST: Forbes Names Otedola Among Africa’s Top 20 Richest
Business

‘Banks Sent Pretty Ladies To Me For Deposit, Asked Thugs To Recover Debt’, Billionaire Otedola Reveals

2025/08/05
HEIRS Energies CEO To Advocate Africa’s Energy Sufficiency At US-Africa Energy Forum
Business

HEIRS Energies CEO To Advocate Africa’s Energy Sufficiency At US-Africa Energy Forum

2025/08/05
CBN Anchors Economic Stability With New Rates
Business

CBN Anchors Economic Stability With New Rates

2025/08/05
Leadership Conference advertisement

LATEST

Ex-NNPP Guber Candidate Alleges Unfair Treatment Of Visa Applicants By US Embassy

FCT Displaces Lagos, Emerges Nigeria’s Top Foreign Investment Destination

Kwara Assembly Frowns At Hotel Patronage By Underage, Secondary School Students

Most Popular Lotteries In Africa

Lawmaker Mai Palace Renovates 80 Cemeteries As ‘Constituency Projects’ In Zamfara

BBNaija10: Netizens React As Danboskid, Zita Cuddle Passionately

BBNaija10: Bright Lied About Having Girlfriend — Mide

Nigerien, 2 Others Die Of Thirst In Desert En Route Libya

Gov Adeleke Travels To US For Nephew Davido’s White Wedding

IGP Decorates Outstanding Policemen For 2023, 2024

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.