NESG Radio
NESG Radio
Africa Business Radio
Discussing 2022 Macroeconomic Outlook Report (Final Series)
15 minutes Posted Mar 4, 2022 at 12:48 pm.
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Show notes
Nigeria's economic progress can be likened to that of an athlete with the potential to become a star. This assertion speaks to the much-needed confidence in the country's development prospects after evaluating its economic performance in 2021. The economy sustained its recovery momentum as the real Gross Domestic Product (GDP) expanded by an average of 3.2% in the first three quarters of the year. Reaping from the high growth in output, the inflation rate, after peaking at 18.2 percent in March 2021, moderated for most of the year and averaged at 17.0 percent in 2021.