Nigeria’s Economic Outlook for 2025: Escalating Poverty and Wealth Inequality

As the year 2025 approaches, the economic landscape seems more troubled than ever, reflecting a continued deepening of poverty for the majority while the wealthy thrive.

President Tinubu’s administration has laid bare its fiscal and monetary policy strategies throughout 2024, leading to widespread discontent among Nigerians.

Reviewing the past year reveals stark realities: a staggering national debt, soaring food prices, a stagnant manufacturing sector, and frequent power outages indicate considerable economic distress.

The state of Nigeria’s economy is one characterized by contradictions and challenges—exemplified by a lack of accountability and an ongoing reliance on flawed fiscal policies that promise little change.

Looking ahead to 2025, the forecasts remain grim. Future budgets are built on unrealistic assumptions, with projected crude oil production and pricing likely to fall short once again.

Additionally, the absence of substantial reforms in fiscal policy may further exacerbate the nation’s challenges.

As adversities compound, many Nigerians are left to grapple with worsening conditions, underscoring an urgent need for effective governance and accountability.