Following a change in administration in May 2023, Nigeria now has a unique opportunity to return to a sustainable and inclusive growth path. Recognizing the need to change course, the new administration has undertaken key reforms to restore macroeconomic stability.
According to the World Bank, the economy is expected to grow at an average of 3.4% between 2023 and 2025. With the reform momentum is maintained, concerted efforts to achieve fiscal and monetary policy consolidation, reduce insecurity, strengthen public services, and improve the business environment and openness to trade, could boost investments and productivity, allowing Nigeria to return to a high growth path.
From the initiatives taken so far, it has become very clear that this administration is focused on economic recovery and long-term economic development strategies that will seize this opportunity to initiate reforms and better align resources within the nation.
This Handbook is designed to provide immediate, clear and quick support for short-term recovery, while also creating the framework for long-term economic growth and expansion.
However, since the coming of the new administration, Nigeria has taken some remarkable steps towards putting the economy back on the path of sustainable growth. The results achieved in the past few months of this administration are a clear validation of this course.