Abuja, Nigeria – As Nigeria navigates a volatile global economic landscape, the Nigerian Economic Society (NES) has launched a nationwide survey seeking expert assessments on the country’s macroeconomic conditions. The initiative, announced on January 10, aims to gather professional insights into the key challenges and opportunities shaping Africa’s largest economy.
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The NES survey comes at a time when Nigeria grapples with multiple economic headwinds, including inflationary pressures, currency volatility, and fluctuating oil revenues. The survey seeks objective analyses on GDP performance, fiscal policy, exchange rate stability, and employment trends, with respondents expected to base their assessments on empirical data rather than personal opinions.
“We are in a critical phase where both local and global dynamics are influencing Nigeria’s economic trajectory,” an NES spokesperson told Al Jazeera. “This survey is designed to provide data-driven insights that will help inform economic policies and decision-making.”
Key issues expected to dominate the assessments include the impact of the Central Bank’s monetary policies, rising food and energy prices, and Nigeria’s fiscal sustainability amid growing debt concerns. Experts will also weigh in on the broader implications of geopolitical events, such as the ongoing global trade disruptions and interest rate hikes in major economies.
The survey results will contribute to a detailed economic report aimed at guiding policymakers and investors. Analysts believe that with the right policy interventions, Nigeria can stabilize its economy and leverage its vast resources to foster sustainable growth.
Economic observers note that while challenges persist, Nigeria’s diverse economic base, coupled with ongoing reforms in the oil and non-oil sectors, presents opportunities for long-term recovery. “A well-calibrated strategy that prioritizes structural reforms and investment in key sectors will be crucial in navigating the economic uncertainty,” said a leading economist familiar with the NES initiative.
As Nigeria looks ahead, the expert assessments from the survey are expected to shape discussions on the country’s economic policies, influencing both domestic and international confidence in its financial stability.
