The Central Bank of Nigeria, CBN yesterday projected that the economy will grow by 4.1 per cent growth in 2025, as well as a record decline in inflation, with continued increase in foreign exchange inflow into the country.
CBN Governor, Olayemi Cardoso, gave these projections in a keynote address at the launching of the Nigeria Economic Summit Group 2025 Macaroeconomic Outlook, adding that the foreign exchange market reforms implemented in 2025 resulted to $6 billion foreign capital inflows into the country.
In the same vein the Federal Government has defended its projection of decline in the inflation rate to 15 per cent this year, saying the projection is based on reality and data.
Meanwhile, the NESG has recommended measures that will help the country achieve economic stability in 2025 and 5.5 per cent economic growth rate.
Also, the World Bank, while stressing the need to maintain the ongoing economic reforms, called on the Federal Government to increase in the number of beneficiaries of its social intervention so as to reduce the cost of the reforms on the poor and vulnerable Nigerians.
