Industry Leaders at the PwC’s Executive Roundtable on Nigeria’s 2025 Budget and Economic Outlook: From L– R: Olusegun Zaccheaus, West Africa Strategy& Leader, PwC; Sam Abu, Regional & Country Senior Partner, PwC; Wura Olowofoyeku, Governance, Risk & Compliance Lead, PwC; Olusegun Alebiosu, MD/CEO Firstbank of Nigeria; Chioma Obaro, Partner PwC; Taiwo Oyedele, Chairman, Presidential Fiscal Policy and Reforms Committee; Obiageli Ugboma, Chief Risk & Compliance Officer, MTN Nigeria; Femi Osinubi, WMA Consulting & Risk Services Leader, PwC; Kenneth Erikume, Tax Reporting Strategy Leader, PwC; and Frank Aigbogun, CEO, BusinessDay Media.
Nigeria’s 2025 Budget and Economic Outlook
PwC’s report on Nigeria’s 2025 Budget and Economic Outlook offers a comprehensive analysis of the country’s economic prospects. The report highlights key issues, opportunities, and risks, and their impact on households and businesses. It is organised into three sections:
- Economic Outlook: Examines significant issues driving the economic trajectory in 2025, including policy considerations and implications.
- Fiscal and Budget Outlook: Focuses on budgetary performance, insights from the Medium-Term Expenditure Framework (MTEF), and a detailed risk assessment.
- Strategic Imperatives for 2025: Provides seven strategic imperatives for businesses to thrive in 2025, including reinventing business models, reimagining technology, and reassessing stakeholder relationships.
The report underscores the importance of sustained reforms and disciplined policy execution to achieve economic recovery, with expectations of tapered inflation, a stable exchange rate, and moderate economic growth.