Nigeria’s Inclusive Growth Moment

Nigeria’s economy is growing, yet many people feel worse off. This episode takes a closer look at how inclusive that growth really is. The country may post stronger GDP figures, supported by high oil prices, reforms, and improved investor sentiment. At the same time, inflation, rising fuel and transport costs, and high interest rates continue to put pressure on households, manufacturers, and small and medium-sized enterprises. According to Dr Opeyemi Agbaje, Chairman PENCOM, Nigeria’s stabilisation has progressed quickly because of swift reforms, but policymakers still need to sustain targeted socioeconomic measures. A more constructive policy debate may now be needed on how these measures can be expanded and improved to reach more people. Please share your thoughts in the comments: Is Nigeria’s economic growth becoming more inclusive, and what more should be done for that to happen sooner?