Posted Mon, Jan 8, 2024 2:42 PM
Timeframe: Wed, Jan 24, 2024 9:00 AM - Wed, Jan 24, 2024 12:00 PM
The policy orientation of the new government signifies a unique opportunity for Nigeria to address its numerous socio-economic challenges, optimise economic potential, and yield favourable outcomes for its citizens. Within the NESG Macroeconomic Outlook for 2024, we emphasise the significance of the government adopting an economic transformation agenda to foster sustained high economic growth. The report outlines a step-by-step, phased approach to economic reform to achieve transformation over the short to medium term.
The report begins with a detailed overview of the Nigerian economy in 2023, providing insights into its current status, challenges, and opportunities. This section lays the groundwork for understanding the context in which the proposed economic transformation roadmap will be implemented.
The centrepiece of this report is the Economic Transformation Roadmap, which encompasses three (3) distinct phases. The phases - Stabilisation, Consolidation, and Acceleration - articulate the sequential steps and policy priorities for achieving a robust and sustainable economic transformation. The section identifies potential "Inflection Points" turning points for the Nigerian economy crucial for strategic decision-making.
The final part of the report harps on the outlook for the Nigerian economy in 2024. This forward-looking section relies on comprehensive analyses and forecasting methodologies to provide stakeholders with valuable insights into the anticipated economic trajectory, facilitating informed decision-making.
By combining a thorough analysis of the current economic state, a strategic roadmap, and future projections, this report aims to guide policymakers, business leaders, and other stakeholders in steering the Nigerian economy towards a trajectory of stability, consolidation, and, ultimately, accelerate economic growth and inclusiveness.