Q1: 2022 GDP Five bold ideas for macroeconomic revitalisation

The Nigerian real GDP grew by 3.11% year-on-year in Q1:2022. This was the sixth consecutive quarterly growth since the country exited recession in Q4:2020. We believe Nigeria needs to achieve and sustain a minimum of 5% y/y real GDP growth for at least five years to revitalise the production and consumption drivers of the economy.

To revitalise growth, a complete overhaul of the country’s security architecture is pertinent and urgent. National security plays a central role in economic growth, particularly through foreign investment and trade linkages.