Nigeria Economic Outlook

Nigeria's economy is growing steadily, driven by oil production, agriculture, and services like banking and telecommunications. However, it faces challenges such as inflation, unemployment, and reliance on oil exports, which makes it vulnerable to global market changes. Efforts are underway to diversify the economy, improve infrastructure, and attract investment. Despite difficulties, Nigeria maintains a large, youthful population with strong potential for future growth. Overall, the outlook reflects cautious optimism with ongoing reforms aimed at stability and sustainable development.