The business as usual bad worse case scenarios, NESG predicts 2.7 per cent and 1.8 per cent GDP growth rate for the economy in 2022.
The NESG, however, predicts Nigeria’s inflation to moderate to 12 per cent from the current 15.63 per cent, despite expectations that the inflationary pressures would likely skyrocket on the heels on the electioneering spendings this year. NESG made the predictions in its macroeconomic outlook for 2022 tagged: “The Last Mile: Reforms towards Significant Improvement in National Economic Outcomes”.The private sector thinktank foresee government revenue to increase by 30 per cent in 2022.Unemployment rate is predicted to increase by 30 per cent; underemployment re ta 22 per cent.
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