Nigeria's economy will improve in 2024 – CPPE

The Center for the Promotion of Private Enterprise (CPPE) has said Nigeria’s economy will be better off in 2024 than in 2023.

CPPE CEO Muda Yusuf disclosed this on Thursday while outlining the outlook for 2024.

However, the economic think tank group predicted that manufacturing challenges around energy costs and exchange rates could persist.

“I don't think 2024 will be worse than 2023. Of course, these challenges will continue, especially for manufacturing. Foreign exchange challenges, especially manufacturing, but also other companies with high foreign exchange exposure. “This is a challenge for us,” he said.

DAILY POST recalls that the Nigerian Manufacturers Association, MAN, said that the real sectoral growth rate in 2024 will reach about 3.2%. However, MAN predicted a tough start for the Nigerian manufacturing industry in the first quarter of 2024.


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