How next administration can achieve macroeconomic stability

There’s a paradox in an oil-producing country struggling with macroeconomic performance at a time when oil prices are generally high. In Nigeria, this paradox largely reflects lower oil production, higher fuel subsidies, and underlying macro-structural challenges. Real GDP growth fell to 2 per cent during the third quarter of 2022, and year-on-year inflation reached 21

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There’s a paradox in an oil-producing country struggling with macroeconomic performance at a time when oil prices are generally high. In Nigeria, this paradox largely reflects lower oil production, higher fuel subsidies, and underlying macro-structural challenges. Real GDP growth fell to 2 per cent during the third quarter of 2022, and year-on-year inflation reached 21

Read More