The Nigerian Economic Summit Group (NESG) has forecast a decline in Nigeria’s inflation rate to 24.7% by 2025, marking a significant shift towards economic stabilization. The organization also anticipates the naira to stabilize at approximately N1,300 per US dollar, a forecast driven by expected improvements in the alignment between fiscal and monetary policies.
These projections were outlined in NESG’s 2025 Macroeconomic Outlook Report, released on January 23, 2025. The report, titled “Stabilisation in Transition: Rethinking Reform Strategies for 2025 and Beyond,” attributed the anticipated drop in inflation to enhanced coordination between the government’s fiscal policies and the Central Bank’s monetary interventions. This strategic alignment aims to tackle the persistent inflationary pressures that have burdened the country for years.
According to the NESG, the nation’s economic stability is expected to improve as inflation is projected to decline to 24.7%. This decrease signals positive momentum towards macroeconomic recovery.
The group also forecasts the naira will strengthen, averaging N1,300 per US dollar in 2025, a positive outlook that hinges on successful policy synchronization. NESG emphasized that the coordinated efforts between fiscal discipline and monetary measures will play a pivotal role in achieving this stabilization.
NESG’s report outlines several key strategies expected to contribute to the forecasted improvements, including responsible government spending, targeted interventions in vital sectors, and protective measures against the challenges posed by global economic uncertainties. These actions are seen as critical to mitigating external shocks while fostering domestic growth.
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