Nigeria’s 2025 Budget and Economic Outlook
The year 2025 brings positive prospects of economic recovery for Nigeria. Many expect tapered inflation, a stable exchange rate, and moderate economic growth, subject to sustained reforms and disciplined policy execution.
The PwC report on Nigeria's 2025 Budget and Economic Outlook provides a comprehensive analysis of the country's budget and economic prospects for 2025. It highlights critical issues, the opportunities and risks they present, and their impact on households and businesses. The report also discusses strategic imperatives for businesses and the overall economic outlook for Nigeria. Organised into three sections, it offers insights on key economic themes and strategic considerations for 2025, supporting informed decision-making for stakeholders:
Economic Outlook: A deep dive into the significant issues that will drive the economic trajectory in 2025, offering considerations for policy and decision-making
2024: a year of reforms and resilience – highlights of the economic landscape in 2025
Critical issues for consideration at an inflection point
Implications and Opportunities
Fiscal and Budget Outlook: focusing on budgetary performance, strategic insights from the Medium-Term Expenditure Framework (MTEF), and a detailed risk assessment for the year ahead
2024 Budget Performance
Fiscal Strategy – insights from Medium Term Expenditure Framework (MTEF)
Budget Assumptions and Insights
Opportunities and Risks
The Seven Strategic Imperatives for 2025
- Reinvent your business model: Adapt your business model to new economic realities, focusing on agility, customer-centricity, and value creation in evolving markets.
- Reignite your market play: Revitalise your go-to-market strategies by leveraging customer insights, enhancing competitive differentiation, and exploring untapped opportunities for growth.
- Rethink costs through core capabilities: Optimise costs strategically by aligning spending with core capabilities, investing in areas that drive competitive advantage, and eliminating non-value-adding expenses.
- Reimagine your tech, digital and AI play: Harness emerging technologies, advanced digital platforms, and AI-driven solutions to innovate processes, enhance customer experiences, and drive efficiency.
- Redefine your funding and capital strategy: Reevaluate your funding approach to ensure resilience, explore innovative financing options, and optimise capital allocation for sustainable growth.
- Re-evaluate your talent strategy: Align your workforce with future needs by building critical skills, fostering a culture of innovation, and retaining top talent through targeted development and engagement strategies.
- Reassess your stakeholder relationships: Strengthen engagement with regulators, customers, social media audiences, and strategic partners by fostering trust, transparency, and collaborative value creation.
