NewStats: 3,262,158 , 8,176,267 topics. Date: Sunday, 01 June 2025 at 02:36 AM h6e1l

The economic reforms rolled out by the Nigerian Government since May 2023 have boosted the country’s economy.

This is contained in the African Economic Outlook 2025, released by the Africa Development Bank (AfDB) at its ongoing Annual Meetings in Abidjan on Tuesday.

According to the report, services contributed three-quarters growth to Nigeria’s Gross Domestic Product (GDP) .

The report attributed 13 per cent to industry growth, driven by higher oil production, which rose 2.8 per cent to 1.56 million barrels per day in 2024.

It said that agriculture production ed by competitive domestic prices contributed nine per cent to GDP growth.

“Demand was moderated by suppressed consumption due to higher prices. Market determined petrol prices increased 77 per cent and the Naira weakened 42 per cent during 2024.

“Both key underlying factors contributed to inflation, which stood at 33.2 per cent in 2024, up from 24.7 per cent in 2023.

“To dampen inflation pressures, the Central Bank of Nigeria (CBN) tightened the policy rate to 27.5 per cent,” it said.

The report said that fiscal deficit of 3.9 per cent of GDP, which

was marginally lower than 4.0 per cent in 202, was largely driven by increased non-oil revenue.

“Public debt increased to 52.3 per cent of GDP in 2024 from 41.5 per cent in 2023,’’ it said
According to the report, this is driven by a weaker Naira and increased public borrowing.

It[b] said that the current surplus increased to 9.2 per cent of GDP in 2024 from 1.6 per cent of GDP in 2023 as higher import prices lowered imports.

The report said the financial services sector initiated recapitalisation to align with the trillion-dollar economy agenda, while financial stability improved.
[/b]
It said that non-performing to gross loans ratios fell to 4.1 per cent mid-2024 from 4.4 per cent in 2023.

https://www.vanguardngr.com/2025/05/nigerias-economic-reforms-yielding-results-says-afdb/

Akin Adesina is about to retire from the AfDB and settle in Nigeria, so he doesn't want Tinubu's DSS harassing him for earlier saying that Tinubu has destroyed the country. That's why he's writing this ass-licking sequel

The statistics only covered 2023/2024 annual report, the indices have even improved so far in 2025. Anyways, it is a vote of confidence for the President on his second year anniversary.

Where did he say Tinubu istration destroyed the country?

SmartPolician:
Akin Adesina is about to retire from the AfDB and settle in Nigeria, so he doesn't want Tinubu's DSS harassing him for earlier saying that Tinubu has destroyed the country. That's why he's writing a reder

We feel it not??

Let Nigerians speaks?? Not u guyz ruling us

All these are irrelevant to IPOB groups. People from the land of the billionaires will argue it. They are all millionaires but keep crying on top 400 naira price of cup of gaari. Their major concern is that price of gaari. That's the only index they use to judge. Every other thing is non of their concern. Their economy starts and end in the price of Gàárì, beans, yam.

Billionaires crying daily that gàárì is not affordable 😎😎 Nonsense!

The economic reforms rolled out by the Nigerian Government since May 2023 have boosted the country’s economy.

Lol ... Afdb is only saying what the Nigeria government wants to hear but the hungry masses knows the country is worse off than in 1960

Mandem ng.

SmartPolician:
Akin Adesina is about to retire from the AfDB and settle in Nigeria, so he doesn't want Tinubu's DSS harassing him for earlier saying that Tinubu has destroyed the country. That's why he's writing this ass-licking sequel

What about World Bank, IMF and Fitch Ratings are they all coming to settle in Nigeria too because they have all said the same positive words about Tinubu's reforms?
Or are you just sad of good news as usual?

Maxymilliano:

Lol ... Afdb is only saying what the Nigeria government wants to hear but the hungry masses knows the country is worse off than in 1960

You believe the one in your screenshot but don't want to believe this latest report, that's the problem with you guys. How many informal sectors do we have in 1960 compared to 2025?, how many academic institutions do we have in 1960?, how many capital infrastructure do we have then?, what population do we have then?. Do we even have a mobile in 1960?. Receive sense.

muyico:
Let Nigerians speaks?? Not u guyz ruling us

Is AFDB ruiling you?.

.

Ritchiee:

What about World Bank, IMF and Fitch rating are they all coming to settle in Nigeria too because they have all said the same positive words about Tinubu's reforms?
Or are you just sad of good news as usual?

The same heartless lending institutions that give you loans and don't mind you collecting the blood your citizens to repay their loans and pay interests on them? You should be worried whenever those folks are hailing a government.

Besides, leadership is about the people. When Nigerians, not fellow politicians, start praising this government, you know they are doing the right thing. For now, this istration is horrible!

SmartPolician:


The same heartless lending institutions that give you loans and don't mind you collecting the blood your citizens to repay their loans and pay interests on them? You should be worried whenever those folks are hailing a government.

Besides, leadership is about the people. When Nigerians, not fellow politicians, start praising this government, you know they are doing the right thing. For now, this istration is horrible!

What will you now say about this ?

Comparing Nigeria,South Africa and Egypt debts:

In the 2024/25 financial year, South Africa's total debt, including government, household, and corporate debt, is estimated to be around $699.5 billion. This includes a government debt component of $300.2 billion (USD) at the end of 2024. The total debt represents a significant portion of the country's GDP, with the debt-to-GDP ratio ranging from 69.2% to 129%.


While all the total debt of Nigeria is 94.23 billion dollars that of South Africa is more than seven times bigger at 699.5 billion dollars.


As for Egypt.....
In June 2024, Egypt's external debt was $152.9 billion, which is 40% of its GDP. This means that Egypt owes approximately $152.9 billion in total debt to external creditors.

While Nigeria's total debt is $94.23 billion,Egypt is your oga in debt with $152.9 billion and Egypt household debt(domestic) is $23.5 billion dollars...totalling $176.4 billion.

https://www.ceicdata.com/en/indicator/egypt/household-debt


In 2025, Egypt's population is estimated to be around 118.4 million, while South Africa's population is estimated to be around 64.7 million. Egypt's population is projected to be 116.5 million in 2024. South Africa's population was estimated to be 63.0 million in 2024.
In 2025, Nigeria's population is projected to be around 234.57 million. In 2024, the population was estimated at 227.71 million. Projections indicate a significant increase in population over the next few years, according to statista.

It will only keep getting better.


-Kiss the truth!

How?

For common man abi for Abuja and internet?

Results on paper or in reality?

Let’s hope so

1. GDP Growth Isn’t Reflecting Real Life

Yes, services “contributed three-quarters of GDP growth,” but:
• GDP growth in Nigeria was only 2.98% in 2024, which lags behind population growth (~3.2%) – meaning Nigerians got poorer in per capita .
• This isn’t growth – it’s managed decline, disguised with technical jargon.

2. Inflation Is at 33.2% – The Highest in Two Decades
• Prices have tripled in some sectors: rice, transportation, and housing.
• Subsidy removal and FX liberalization were introduced without buffers.
• Food inflation alone is over 40%, making survival itself a luxury.

What kind of “boost” makes citizens poorer and hungrier year-on-year?

3. CBN’s 27.5% MPR = Lending Paralysis
• Touted as “inflation control,” but:
• SMEs can’t borrow.
• Mortgages are frozen.
• Interest payments on public debt have skyrocketed.
• Economic activities are being choked, not boosted.

4. The Naira Free-Fall Isn’t Reform – It’s Wreckage
• 42% devaluation in 2024 alone.
• Naira now trades above ₦1,500/USD.
• Result? Imported inflation, zero investor confidence, and capital flight.

5. Debt-to-GDP Surge: 52.3%
• From 41.5% to 52.3% of GDP in one year = a 25.9% jump in national debt load.
• Much of this borrowed to fund recurring expenses, not infrastructure or capital investment.

6. AfDB Report Ignores Poverty, Hunger, and Unemployment

84 million Nigerians live in extreme poverty (World Bank, Q1 2025).
Youth unemployment is over 53%, up from 42% in 2022.

So while banks are “recapitalizing,” children in Zamfara are eating from garbage heaps.

7. “Current Surplus”? Illusion.
• Drop in imports isn’t because of internal productivity—it’s because of broken demand.
• Import contraction = no dollars to import, not a win.

True economic boost shows up in:
• Stable currency
• Affordable food & transport
• Falling inflation
• Job creation (especially in manufacturing/agriculture)
• Improved standard of living

None of these exist. AfDB’s “growth” is a boardroom mirage, not a street-level reality.

Shove propaganda up your Anus, APC.
If things are improving the people will feel it and when they feel it they will say it.

Evil party.

Results not seen in the life of ordinary Nigerians , we only see the results in politicians

The economy is growing and they are busy borrowing money upandan.

Yea it yielding much results, we see decrease in poverty everywhere, insecurity is gone completely and I dollar is equal to 20naira ,a bag of foreign rice is now 8k and petrol is at its lowest price 25naira per litre ,APC is working from pluto

Still yielding……………. Propaganda economic policies

Yes, yielding positive result to the corrupt politicians and negative result to the masses.

Paid propaganda by the disaster in Chief.

[quote author=Ritchiee post=135549366]
What will you now say about this ?

Comparing Nigeria,South Africa and Egypt debts:

In the 2024/25 financial year, South Africa's total debt, including government, household, and corporate debt, is estimated to be around $699.5 billion. This includes a government debt component of $300.2 billion (USD) at the end of 2024. The total debt represents a significant portion of the country's GDP, with the debt-to-GDP ratio ranging from 69.2% to 129%.


While all the total debt of Nigeria is 94.23 billion dollars that of South Africa is more than seven times bigger at 699.5 billion dollars.


As for Egypt.....
In June 2024, Egypt's external debt was $152.9 billion, which is 40% of its GDP. This means that Egypt owes approximately $152.9 billion in total debt to external creditors.

While Nigeria's total debt is $94.23 billion,Egypt is your oga in debt with $152.9 billion and Egypt household debt(domestic) is $23.5 billion dollars...totalling $176.4 billion.

https://www.ceicdata.com/en/indicator/egypt/household-debt


In 2025, Egypt's population is estimated to be around 118.4 million, while South Africa's population is estimated to be around 64.7 million. Egypt's population is projected to be 116.5 million in 2024. South Africa's population was estimated to be 63.0 million in 2024.
In 2025, Nigeria's population is projected to be around 234.57 million. In 2024, the population was estimated at 227.71 million. Projections indicate a significant increase in population over the next few years, according to statista.
[ na statistics we go chop quote Bola tinubu, now u guys want us to chop the same statistics your oga rejected, nawaoh