Here is the outlook of the Nigerian economy in data from Dec 2023 to Jan 2024. The outlook is important as it serves as a guide to planners, economists, industrialists and even journalists.
Anticipated Gross Domestic Product (GDP) Growth Rate -3.76 % (3.75 percent 2023)
-Inflation rate (as at Dec 2023) – 28.92%
–Monetary Policy Rate (MPR) (as at Thursday Jan 25, 2023) 18.75 %
–Crude oil price in USD (as at Thursday Jan 25, 2024) – 84.41 dollars
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Source: Central Bank of Nigeria (CBN)
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