AI Intelligence Summary
Nigeria's structural adjustment is among the most painful in recent African economic history. The Tinubu administration's fuel subsidy removal and FX unification — bold but necessary reforms — have triggered 30%+ inflation and severe cost of living pressures. Oil production, the fiscal backbone, remains below capacity due to infrastructure theft and underinvestment. Africa's largest economy has enormous demographic potential (largest youth population on Earth) but must build institutional capacity to realise it.
2.90%
GDP Growth
31.70%
CPI Inflation
25.80%
Core CPI
4.20%
Unemployment
24.75%
Policy Rate
-6.95%
Real Rate
46.80%
Debt/GDP
50.80
PMI
GDP Growth Rate
Annual real GDP growth (%)
Inflation (CPI)
Consumer price index annual change (%)
Monetary Policy Rate
Central bank benchmark rate (%)
Unemployment Rate
% of labour force unemployed
Full Indicator Dashboard
| Indicator | Value | Status |
|---|---|---|
| GDP Growth | 2.90% | strong |
| Headline Inflation | 31.70% | high |
| Core Inflation | 25.80% | high |
| Unemployment Rate | 4.2% | moderate |
| Policy Rate | 24.75% | accommodative |
| Real Interest Rate | -6.95% | negative |
| Yield Curve Spread | 5.84% | normal |
| Debt / GDP | 46.8% | sustainable |
| Current Account | -0.80% | deficit |
| Fiscal Balance | -4.80% | deficit |
| PMI (Composite) | 50.8 | expansion |
| M2 Growth | 48.40% | rapid |
| Industrial Production | 1.20% | growing |
| Trade Balance | $8.4B | surplus |
| FDI Inflows | $2.8B | moderate |
| FX Reserves Coverage | 5.2 months | moderate |
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