(3 Minutes Read)
The EIU noted that Nigeria will not return to the high rates of economic growth that it achieved in the first decade of the 21st century even as international oil prices are expected to be high enough to lubricate the economy and prevent a recession.
Nigeria’s business landscape has been predicted to continue facing varying challenges through the next five years as the economy contends with different macroeconomic headwinds.
The Economic Intelligence Unit (EIU) in its latest ‘Business environment rankings’ said Nigeria ranks 76th of the 82 economies assessed in 2025 to 2029, adding that the country’s burgeoning market opportunities and economic reforms carry the potential for long-term improvements.
The EIU noted that Nigeria will not return to the high rates of economic growth that it achieved in the first decade of the 21st century even as international oil prices are expected to be high enough to lubricate the economy and prevent a recession.
Read Also:
Africa’s most populous nation is on a precipice as it battles with record high inflationary levels, an over 70 per cent loss in its currency’s value together with a rising interest rates environment that’s been raised to cool prices.
