Nigerian economist Ayo Teriba has highlighted the country’s accelerating Gross Domestic Product (GDP) growth and declining inflation rate as positive developments. In an interview on Arise Television’s “The Morning Show,” he noted that Nigeria’s GDP growth is gaining momentum, with the last recorded 4 % growth rate occurring in 2021. A closer examination of broader economic trends shows a slowdown in inflation, with August 2025 marking the lowest figures in 27 months. At the same time, the naira has stabilized and net reserves have increased, suggesting that the economy has moved from a risk phase of instability and stagnation to a recovery phase.
These indicators point to a more favorable economic outlook. The acceleration of GDP growth signals a potential shift toward sustained expansion, while the decline in inflation—once a major concern—reinforces the recovery narrative. Stability of the naira and rising net reserves further equip Nigeria to handle economic shocks and enhance its attractiveness to investors and other stakeholders.
The Nigerian government’s policies aimed at promoting growth and stability, together with external factors, have contributed to the observed acceleration in GDP and the easing of inflation. As the economy continues to evolve, monitoring progress and addressing emerging challenges will remain essential. The combined effect of faster growth, lower inflation, a stable currency, and higher reserves is likely to draw more investment and support sustained economic development, drawing close attention from stakeholders.
Comments are closed for this story.