Experts Sound Alarm: Nigeria’s Economy Losing Steam as Debt Burden Grows

Nigeria’s economy is showing signs of fatigue, and experts are urging urgent intervention to prevent a deeper slowdown.

According to a recent analysis by CFG Advisory, the country’s GDP growth slipped from 3.8% at the end of 2024 to 3.1% in Q1 2025, while inflation remains stubbornly high at 22.2%. At the same time, the debt-to-GDP ratio is climbing, putting pressure on fiscal stability.

The firm is calling on the Central Bank of Nigeria (CBN) to cut interest rates by the end of Q3 2025 and adopt an inflation-targeting policy framework. CFG believes such measures—combined with reforms like optimizing the nation’s capital structure and boosting non-oil exports—could lift growth to 8–10% over time.

Without bold action, they warn, the country risks missing opportunities in sectors that could drive long-term prosperity.

Source: BusinessDay

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