Business owners are optimistic that the conditions for doing business in Nigeria will improve in August 2024, and the following six months, the Central Bank of Nigeria has stated.
According to the Business Expectations report released by the apex bank on Wednesday, business owners expect businesses to perform better in August with an optimism index of 7.6 points.
In the next three months, the apex bank said the optimism index for businesses was slated at 19.3 points while the optimism index for the next six months was 30.7.
“Similarly, the outlook for next month, next three months, and next six months all indicated optimism with indices of 7.6, 19.3, and 30.7 points, respectively,” the report read.
It explained that the Mining, Quarrying, Electricity, Gas & Water Supply, Agriculture, Market Services, Manufacturing, and Non-Market Services will drive optimism in the macro economy.
It stated, “The expected drivers for the optimism on the macroeconomy in the next month are Mining, Quarrying, Electricity, Gas & Water Supply (35.3 points), Agriculture (9.9 points), Market Services (7.8 points), Manufacturing (6.3 points), and Non-Market Services (4.8 points).”
