Nigeria faces a turbulent economic year ahead as global trade tensions and domestic policy shortcomings create mounting uncertainties, former Statistician-General Yemi Kale and other economic experts have warned.
In a joint assessment, analysts highlighted multiple pressure points including volatile commodity prices, persistent foreign exchange instability, and constrained fiscal space as major threats to economic stability. The warnings come amid growing concerns about Nigeria’s ability to weather the combined effects of international trade wars and local structural weaknesses.
“The convergence of external shocks and internal vulnerabilities presents one of our most challenging economic environments in recent years,” Kale noted, pointing to inflationary pressures, high debt servicing costs, and sluggish sectoral growth as particular causes for concern. Experts warn these factors could lead to further erosion of living standards if unaddressed.
With Nigeria’s economy heavily exposed to global market fluctuations through its dependence on oil exports, analysts stress the urgent need for policy measures to diversify revenue sources and stabilize key macroeconomic indicators in the coming months.
