Nigeria’s economy has recorded modest gains in the first half of 2025, but the big challenge remains how to translate these macro outcomes into real improvements in the lives of its citizens.
According to the Staying the Course on Reforms report by the Nigerian Economic Summit Group (NESG), reforms such as fuel subsidy removal and exchange rate liberalisation have stabilised key indicators but also imposed steep short-term costs on households and businesses.
Nigeria’s Gross Domestic Product data show the economy expanded by 3.1 percent in Q1 2025, with the non-oil sector as the main driver.