Story perspectives

Nigeria's Economy Grows Amid Food Insecurity and Political Shifts

12/31/2025

Summary

Story summary

In 2025, Nigeria's economy shows a recovery with 3.98% GDP growth in Q3.
Food insecurity affects over 33 million people, underscoring persistent challenges despite growth.
The Dangote Refinery reshaped fuel supply chains, sparking a price war in the petroleum market.
Defections to the ruling APC shift power dynamics and raise concerns about a one-party state amid West Africa's coups.
President Bola Tinubu signed landmark tax reforms, taking effect in 2026.

History

Historical Context

Nigeria's economy has faced significant challenges since its 2016 recession, marked by a GDP contraction of 1.6%. By 2017, recovery began with a 0.8% growth, driven by oil production reaching 1.8 million barrels per day. However, as of 2025, over 33 million Nigerians still experience food insecurity, highlighting ongoing economic struggles amid political reforms under President Bola Tinubu.

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Story summary

In 2025, Nigeria's economy shows a recovery with 3.98% GDP growth in Q3.
Food insecurity affects over 33 million people, underscoring persistent challenges despite growth.
The Dangote Refinery reshaped fuel supply chains, sparking a price war in the petroleum market.
Defections to the ruling APC shift power dynamics and raise concerns about a one-party state amid West Africa's coups.
President Bola Tinubu signed landmark tax reforms, taking effect in 2026.

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