Veriv Africa's latest forecast suggests that the naira may depreciate to as much as ₦2000 per dollar by 2025, posing serious economic challenges for Nigeria. This video examines the factors that could lead to this decline, including inflation rates projected at 31% and rising fuel prices that could exceed ₦1100 per litre. We feature insights from Basil Abia, co-founder of Veriv Africa, and Gospel Obele, chief economist at Streetnomics Ltd, who share their perspectives on Nigeria’s GDP growth potential, the risk of a currency crisis, and the impact of inflation on purchasing power for Nigerians. They also discuss necessary fiscal and monetary policies to guide the economy toward stability and growth. Will Nigeria overcome these obstacles, or are tougher times ahead?
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