Nigeria's Limping Economy - Where Do We Go From Here?

25 October 2021

As much as one would like to look at the bright side of things with a strong hope of a renaissance, Nigeria's current macroeconomic data is not cheering as it presents the picture of a limping economy without clutches. From the economic output data to investment flows, consumption levels and fiscal position, there is so much to worry about over the state of the economy.

A disaggregation of the five components of the country's output of goods and services otherwise known as the Gross Domestic Product (GDP) shows a growth laced with a cacophony of variables. From household consumption, business investment to government spending, as well as exports and imports, the statistics are staggering.

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