The Centre for the Promotion of Private Enterprise (CPPE) has released its economic projections for the year 2025.
In a statement titled “Nigeria 2024 Economic Review and 2025 Economy Outlook” made available to TimesNow.com.ng, Muda Yusuf, the chief executive director of CPPE, said he expects Nigeria’s inflation rate to moderate slightly in 2025.
According to the CPEE’s projections, Nigeria’s inflation rate may moderate slightly due to the expected reduction of exchange rate volatility and possible rebound of the naira.
The economic think tank group also said global oil prices are expected to rise in 2025 under President Donald Trump’s presidency in the United States.
Vanguard reports that the CPEE foresees a more positive development on the energy front, especially following the increased capacity for domestic refining of petroleum products.
The statement reads:
The think tank also expressed concern over electricity tariffs and noted that it would remain a tricky issue in 202
It said:
The centre also provided insight into what businesses could face in 2025.
According to CPPE, businesses would have to worry about various risks in crafting their strategies for 2025.
In a related report by TimesNow.com.ng, President Bola Tinubu assured Nigerians that his administration would perform better in 2025.
The president predicted that the naira exchange rate would drop to N1,500/$1 in 2025.
Other high expectations expressed during the presentation of the 2025 national budget include that the inflation rate would fall below 20%.
Proofreading by James, Ojo Adakole, journalist and copy editor at TimesNow.com.ng.
Source: TimesNow.com.ng
