NESG projects 4% GDP growth, 24.5% inflation in H2 2025

The Nigerian Economic Summit Group (NESG) has projected a 4% GDP growth and 24.5% inflation rate in the second half of 2025 (H2 2025). This forecast represents a modest recovery and slight improvement compared to Nigeria's growth performance in 2023 and 2024.

The NESG presented these projections at the Private Sector Forum with the theme "Staying Course: Reforms Turning Economic Gains into Social Progress." The group highlighted that the services sector would continue to drive economic expansion in H2 2025, supported by increased digitalization and financial service growth. However, the agriculture and industry sectors may face challenges due to climate risks, high input costs, and infrastructure bottlenecks.

NESG cautioned that sustained reform implementation is crucial to translating macroeconomic gains into tangible social impacts and achieving stronger price stability in the medium term. The group also noted that the Central Bank of Nigeria (CBN) is likely to maintain a slow hawkish stance in.