According to the NBS Q3 2022 GDP report, Nigeria’s economic growth rate decreased by 1.78% points from the 4.03% growth rate recorded in Q3 2021 and decreased by 1.29% points relative to 3.54% in Q2 2022. Is this stunted economic growth a function of policy-making or larger factors beyond our control?
You mentioned inflation. Nigeria’s inflation figures have continued to increase, despite having hit a 17-year high last year. How is this inflationary pressure affecting organised businesses? Organised businesses struggled to cope with energy costs last year. What can be done to address this problem? Access to foreign exchange has remained a big problem for many businesses. In what ways can the government fix this issue?
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