EIU Predicts Weak Naira, Slow Growth for Nigeria Despite Inflation Drop

The Economist Intelligence Unit (EIU) predicts the naira will hit N2,000 per dollar in 2024
EIU forecasts Nigeria's economic growth to improve to 2.5% in 2023 and 3.5% in 2024
Consumer price inflation is expected to fall from current levels to 20% in 2025 and 17.4% in 2026
EIU sees risks of labor union strikes grinding the economy to a halt and Boko Haram activities spreading
The Nigerian economy will remain one of the largest in Africa but with high inflation, low growth, and political stability risks