Nigeria:
Panelist insight: Analysts at Fitch Solutions commented on the outlook:
“After a stronger-than-anticipated 2024, we expect that Nigeria’s economic growth will accelerate further in 2025. We believe that exports were the primary driver of growth in expenditure terms last year, and this trend will persist in 2025. As the Dangote refinery continues to ramp up petrol production and increasingly supplies the local market, demand for fuel imports—historically Nigeria’s largest merchandise import—will continue to fall.”