The Mastercard Economics Institute yesterday released its ‘Economic Outlook 2025’ with Nigeria’s gross domestic product (GDP) projected to grow by 2.9% year over year, slightly below the global average which is forecast at 3.2.%, reflecting the challenges and opportunities within one of Africa’s largest economies.
Daily Trust however reports that the National Bureau of Statistics (NBS) reported that Nigeria’s GDP grew by 3.84 per cent (year-on-year) in real terms in the fourth quarter of 2024.
But the Mastercard report further predicted consumer spending in the country to rise by 6%, despite elevated consumer price inflation of 22.1%, which continues to present challenges for households and businesses.
Read more at Dailytrust
Daily Trust however reports that the National Bureau of Statistics (NBS) reported that Nigeria’s GDP grew by 3.84 per cent (year-on-year) in real terms in the fourth quarter of 2024.
But the Mastercard report further predicted consumer spending in the country to rise by 6%, despite elevated consumer price inflation of 22.1%, which continues to present challenges for households and businesses.
Read more at Dailytrust