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Research Document: NESG GDP Alert 2024 Q4


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Posted Thu, Feb 27, 2025 7:39 AM

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Key Messages


- The Nigerian economy sustained growth into 2024, reflecting the impact of government reforms.


- The Oil refining recovered in 2024Q4, attributed to the unprecedented operations of the Dangote Refinery
and the resuscitation of government-owned refineries.


- The lagged effects of stabilisation reforms initiated in mid-2023 by the government –the removal of fuel
subsidies and exchange rate harmonisation- are still dragging down the performance of some critical
sectors.

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2025 © The Nigerian Economic Summit Group.

All text, graphics, audio files, code, downloadable material, and other works on this web site are the copyrighted works of the Nigerian Economic Summit Group (NESG).