Nigeria in 2023 – Likely Events and Implications for Businesses

The elevated geopolitical risks, rising interest rates and inflation, and volatile energy markets continue to raise the risk of global economic recession in 2023. In Nigeria, the business environment is expected to be characterized by more uncertainties, higher political risk, and worsening insecurity amidst low GDP growth. Nonetheless, overcast skies call for a coat, not staying indoors. To help you plan for what’s ahead, we have put together some likely events in the new year and implications for businesses.