Nigeria’s GDP, which stood at $509 billion in 2014 after a previous rebasing, has now collapsed to $244 billion.

Under Obasanjo, GDP growth went from 2.58% in 1999 to 6.06% in 2007, averaging at 6.59% for the eight years, with a peak of 15.33% in 2002. Under Yar’Adua/Jonathan, GDP growth started at 6.76% ...

As Nigeria charts a bold path toward building a $1 trillion economy, maritime and logistics experts have warned that the ...

He also gave an overview of Nigeria’s current economic performance, stating that the economy is expanding at a rate of 3.84 per cent.

Nigeria, like many countries in the world, experienced a post-COVID economic rebound. It posted a respectable economic growth rate of 3.6% in 2021, 3.3% in 2022 and 2.9% in 2023.

Economist Stephen Onyeiwu unpacks these challenges and sets out why the 2025 budget won’t change Nigeria’s economic landscape (though it has some silver linings).