PwC: Nigeria’s 2025 Budget and Economic Outlook
Nigeria’s GDP is projected to grow by 3.3% in 2025, supported by sustained policy reforms.
By PwC
We are pleased to share our latest report: Nigeria’s 2025 Budget and Economic Outlook: Accelerating momentum at an inflection point.
This report provides highlights of the performance of Nigeria’s economy in 2024 and an analysis of the country's budget and economic prospects for 2025. It highlights critical issues, the opportunities and risks they present, and their impact on households and businesses.
Highlights from the 2025 economic outlook:
Nigeria’s GDP is projected to grow by 3.3% in 2025, supported by sustained policy reforms. However, growth prospects may be constrained by persistent economic pressures.
Inflation is forecasted to decrease to about 26% in 2025, driven by tighter monetary policies, improvements in Nigeria’s foreign exchange dynamics and baseline effects.
The exchange rate is anticipated to stabilise in 2025, supported by ongoing foreign exchange reforms by the Central Bank of Nigeria (CBN), which are expected to boost foreign exchange inflows.
Strategic imperatives for business leaders to thrive in 2025:
Reinvent your business model: Adapt your business model to new economic realities, focusing on agility, customer-centricity, and value creation in evolving markets
Reimagine your tech, digital and AI play: Harness emerging technologies, advanced digital platforms, and AI-driven solutions to innovate processes, enhance customer experiences, and drive efficiency.
Contact us
Kenneth Erikume
Partner, Tax Reporting & Strategy
Tel: +234 (1) 271 1700
Olusegun Zaccheaus
Partner and West Africa Lead, Strategy&
Tel: +234 (1) 271 1700