Nigerian economist Ayo Teriba has stated that the country’s accelerating Gross Domestic Product (GDP) growth and declining inflation rate are positive developments. In an interview on Arise Television’s “The Morning Show,” Teriba noted that Nigeria’s GDP growth is gaining momentum, with the last recorded 4% growth rate occurring in 2021.
According to Teriba, a closer examination of the broader economic trends reveals a deceleration in the inflation rate, with August 2025 marking the lowest figures in 27 months. Additionally, the naira has stabilized, and net reserves have increased. These indicators suggest that the Nigerian economy has transitioned from a risk phase characterized by instability and stagnation to a recovery phase.
Teriba’s comments come as Nigeria’s economic landscape continues to evolve. The country’s GDP growth has been accelerating, with notable improvements in recent years. The decline in inflation rate, combined with the stability of the naira and the increase in net reserves, contributes to a more favorable economic outlook.
The acceleration of Nigeria’s GDP growth is significant, as it indicates a potential shift towards sustained economic expansion. The country’s economic recovery is also reflected in the decline of inflation, which had previously been a major concern. As the economy continues to recover, it is likely that investors and stakeholders will take notice of the improved economic conditions.
The Nigerian government has implemented various policies aimed at promoting economic growth and stability. The impact of these policies, combined with external factors, has contributed to the country’s accelerating GDP growth and declining inflation rate. As the economy continues to grow, it is essential to monitor the progress and address any challenges that may arise.
The decline in inflation rate and the stability of the naira are crucial factors in Nigeria’s economic recovery. The increase in net reserves also suggests that the country is better equipped to handle economic shocks. As the Nigerian economy continues to evolve, it is likely that the country will attract more investment and experience sustained economic growth. The accelerating GDP growth and declining inflation rate are positive indicators of Nigeria’s economic progress, and stakeholders will be watching the country’s economic development closely.
