Report shows Nigeria’s economy rebounding strongly
Nigeria’s economy is on a clear recovery path after years of stagnation, with a new report by Quartus Economics indicating that key indicators have recorded their strongest improvement in more than a decade. The study, obtained by The Nation, concludes that “Nigeria is rising” and that the economy is back on track, even though growth still needs to be faster and more broad based. According to the report, Nigeria’s Gross Domestic Product grew by a cumulative 8.34 percent between 2024 and 2025, the highest two year expansion in over ten years. This pace also outperformed population growth, which was estimated at less than 4.4 percent over the same period, reversing earlier years when the population was growing faster than the economy. Between 2020 and 2023, GDP growth averaged just 0.97 percent, while the population increased by about 8.78 percent, leading […]
