A new report by the Mastercard Economics Institute projects Nigeria’s consumer spending to rise by 6% in 2025, despite inflation reaching 22.1%.
The country’s GDP is expected to grow by 2.9%, slightly below the global average of 3.2%. The report attributes spending growth to Nigeria’s youthful population and a strong informal economy, though inflation continues to shape purchasing habits.
It also highlights remittance inflows as a key factor in sustaining household incomes and driving economic resilience.
