Nigeria’s Economic Recovery: Booming GDP, Broken Lives
Nigeria’s economy grew by 3.87% in 2025, the fastest pace since 2022. On paper, this suggests a long-awaited turnaround. Yet millions of households are sinking deeper into hardship. Inflation has eroded purchasing power, and rising food and energy costs remain unbearable for many. Reforms such as fuel subsidy removal and naira unification have bolstered foreign reserves and modestly strengthened the currency. But growth is concentrated in finance and telecoms, while manufacturing — a major employer — barely contributes to output. A recent report warns that poverty could rise to 62% of the population next year. Experts say reviving industry, modernising agriculture and introducing social safety nets are essential. True success will be measured by whether Nigerians can afford food, find work and regain hope.
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