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Wed, Apr 02, 2025
The Newsroom Ng
CBN forecasts 4.17% GDP Growth for Nigeria in 2025
By emmanuel MALAGU
CBN Governor, Olayemi Cardoso
The Central Bank of Nigeria (CBN) has announced that the 2025 Economic Indices indicate a Positive Outlook, with the Nation’s GDP expected to accelerate to 4.17 per cent for faster Economic Growth.
Muhammad Abdullahi, Deputy Governor, Economic Policy Directorate, CBN, revealed this on Tuesday during the 11th Edition of the National Economic Outlook: Implications for Businesses in 2025.
The Hybrid Event, convened in Lagos, was organised by the Chartered Institute of Bankers of Nigeria (CIBN) Centre for Financial Studies in Collaboration with B. Adedipe Associates Limited.
Abdullahi said the Nation’s 2025 Economic Projections remained optimistic with Fiscal and Monetary Reforms already paying off, resulting in the GDP anticipated rise from 3.36 per cent recorded in 2024.
According to him, the growth is anchored on sustained implementation of Government Reforms, Stable Crude Oil Prices, and improvements in Domestic Oil Production.
Abdullahi also stated that Stability in the Exchange Rate would play a Crucial Role in maintaining the Positive Trajectory, with the Inflation Rate projected to decline due to the impact of Economic Reforms.
The Keynote Speaker said that the Apex Bank would prioritise Price Stability and strengthen the Financial Sector to support SMEs and Critical Sectors for Businesses to thrive.
Credit NAN: Texts excluding Headline
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