Expected ROI of enterprise ESS system project in Nigeria 2025

How will fiscal consolidation affect Nigeria's revenue generation plan in 2025?

Fiscal consolidation, along with privatisation and sell-downs of underperforming assets, is expected to evolve as key strategies in Nigeria's revenue generation plan in 2025. This could reduce fiscal deficits and increase non-debt revenue, thereby enhancing economic stability and growth in 2025.

How much money do Nigerian SMEs need to close the funding gap?

Nigerian MSMEs require an estimated $32.2 billion (₦13 trillion) in financing to close the funding gap. Inflationary pressures continue to significantly impact consumer purchasing power with implications for demand of non-essential goods from businesses in the real sector.

How did Nigeria perform in Q4 2022?

Oil prices ranged from $60 to $80 per barrel, impacting revenue generation. Nigeria attracted a sum of US$1.06 billion as capital importation in Q4 2022, indicating a decrease of 51.51%. Remittances were a significant source of foreign exchange totalling US$25 billion, but the inflows were inconsistent.

How will inflation affect Nigeria's foreign exchange market in 2025?

Inflation is expected to decline to 26% in 2025 on the back of monetary policy tightening and improving dynamics in Nigeria’s foreign exchange market. The exchange rate is expected to remain stable in 2025 supported by CBN Foreign Exchange reforms, which are expected to drive Foreign Exchange inflows.

How much does Nigeria spend on education in 2024?

• Nigeria’s education spending per capita reached ₦6,447 in 2024, an increase from ₦4,739 in the previous year. Despite this improvement, education expenditure accounted for only 0.6 percent of GDP, which is far below the globally recommended benchmark of 4 to 6 percent.

How did the Nigerian Stock Exchange market perform in December 2024?

The Nigerian Stock Exchange market capitalisation grew by 51.3% to ₦61.9 trillion in December 2024 from ₦40.9 trillion recorded in December 2023. The increase was driven by robust sectoral performances in Oil and Gas, Insurance, Consumer goods, and Banking indices respectively.