Nigeria’s economy is expected to sustain its recovery momentum as annual GDP growth is projected to close 2025 at 3.4 percent, while the naira is poised to shed some of its value to N1,662 per dollar, according to analysts at FBNQuest Merchant Bank.
According to the analysts, the GDP growth will be driven by sustained momentum in the services sector, one of the sectors that contributes the most to the total value of the economy.
“We forecast a steady continuation of Nigeria’s economic recovery, with real GDP growth forecast at 3.4% in 2025,” FBNQuest Merchant Bank said in its mid-year economic outlook titled ‘Steering the course from volatility to stability.’