Professional services firm, PwC Nigeria, has projected that Nigeria’s inflation would decline to about 29.5 per cent by the end of the year.

This projection is higher than what the Central Bank of Nigeria disclosed in January, which was projected at 21.4 per cent.

In its latest Nigeria economic outlook, titled ‘Navigating economic reforms,’ PwC “projects a marginal decline in inflation to 29.5 per cent by year-end, balancing the effects of reforms, policy actions, external pressures and food prices; particularly in the second half of the year.”

Also, it anticipates that the Gross Domestic Product may grow marginally by 2.9 per cent on the back of sustained policy reforms although growth prospects may be limited by elevated economic pressures.


In terms of fiscal sustainability, the report said that concerns may remain slightly elevated, given debt servicing costs (89 per cent of the budgeted fiscal deficit is to be financed by new borrowings).

As of the end of the first quarter, Nigeria’s total public debt has reached N121.67tn, increasing by N24.33tn or 24.99 per cent within three months, the Debt Management Office announced.

This new figure is from a total debt of N97.34tn ($108.23bn) as of December 2023.

The report read, “Nigeria’s total public debt stood at N121.67tn ($91.46bn) as of March 31, 2024. The comparative figure for December 31, 2023, was N97.34 trillion ($108.23bn). Total Domestic Debt was N65.65tn ($46.29bn) while total external debt was N56.02tn ($42.12bn).”

The report went on to call on the government to “Prioritise macro stability by addressing security, social and pressure points of inflation and exchange rate pressures. Adopt scenario planning before any major economic reform is implemented to avoid unwarranted policy reversals e.g. cyber security levy.

And for businesses, PwC analysts urged the creation of “a clear-eyed strategy by revisiting your strategy and be clear on your must-haves to win in the future – regardless of any economic scenario.

“Re-visit your entire cost structure to establish short, mid, and long-term actions to fundamentally adjust for the future.”

https://www.google.com/amp/s/punchng.com/nigerias-inflation-rate-to-decline-to-29-5-year-end-pwc/%3famp

Take it back to the single digit figures you vampires met it in 2015 instead of celebrating föolishness

An ALMOST 30% rate of inflation is a "reduction"?

Nigeria is GONE. Tinubu should just sell it to China and let's use the proceeds to buy chin-chin.

hendivoull:
30% is not sustainable, people might die of hunger at that rate.

Did you read from the report it will stagnate at 30% throughout 2025? The report only states it will drop below 30% by the end of the year.

It will drop further next year

Paraman:

This projection is higher than what the Central Bank of Nigeria disclosed in January, which was projected at 21.4 per cent.


https://www.google.com/amp/s/punchng.com/nigerias-inflation-rate-to-decline-to-29-5-year-end-pwc/%3famp

I believe the CBN projection

Okay,
Let's see it happen first. No be cho cho cho thing

Another achievement of Tinubu.

Gbajue and his supporters will fall into depression when inflation starts falling

Pwc have collected their own share of Propaganda money

Paraman:
I believe the CBN projection

Bros nor be church we dey.

Prophecy of Dooms

We really hope so cus this tinubulation is not a child's play.

Bullcrap of propaganda uploaded from Tinubu media group

Any good news about Nigeria na propaganda according to Obidients. And bad news is a cause for celebration for them.
What do u expect from South-Easterner Sad-Easterners?

Stories

Only on paper. Let the people feel it in reality.
Politicians don't even know how much they're selling food stuffs in the market.
A family of 4 can't feed comfortably.

If they're managing, they won't go below 15k every 2 days. That's each person will be living on 1,875 daily. That's 625 per meal. With the current situation, what can 625 get for you?

year end is usually a volatile period when prices generally go up so I highly doubt this...

Paraman:


https://www.google.com/amp/s/punchng.com/nigerias-inflation-rate-to-decline-to-29-5-year-end-pwc/%3famp

Imagnine baseless write up by Tinubu urchins.. Thunder scatter all tinubu urchins,home and abroad..

Paraman:
Did you read from the report it will stagnate at 30% throughout 2025? The report only states it will drop below 30% by the end of the year.

It will drop further next year

Even the 2025 figures is a burden too much for the average Nigerian. Any inflation above 10% is a death blow to millions.

PWC is an APC government contractor. The man presently driving Tinubu's harsh tax policy that is hurting Nigerians was a staff of PWC.

We know una game.

Did PwC project the current rate? If PwC didn’t then it’s one of those may or may not happen projections.

All lies. Tinubu promised heaven and earth before coming in, now this is what we got. So anything you are now saying are all lies until we see otherwise

Paraman:


https://www.google.com/amp/s/punchng.com/nigerias-inflation-rate-to-decline-to-29-5-year-end-pwc/%3famp

Lol
Which one is to decline.
Let it decline first, goods and services are really expensive.

All these projections don't work in Nigeria

Paraman:


https://www.google.com/amp/s/punchng.com/nigerias-inflation-rate-to-decline-to-29-5-year-end-pwc/%3famp

This government has completely compromised the public institutions. It is now the turn of the private ones.

Where will manufacturing companies get money to pay salary increase if not increasing the prices of the goods and services?
It's not possible with the implementation of the new minimum wage regime.

Hahaha. Them Dey use our economy take play forex betting.

Na so the other day GoldMan Sach said naira will gain 1200 against the dollar. Before you know they started manipulating the currency till it got there.

Obviously not sustainable, the currency has gone back to 1500. Everyone involved has cashed out cause they bought dollar at 1100.

Same thing with this prediction.

Almunjid:
Any good news about Nigeria na propaganda according to Obidients. And bad news is a cause for celebration for them.
What do u expect from Sad-Easterners?

And they are the ones begging online the most.

How? What magic, will they use between now and december that has not started yeilding any result in June? tThis is how they churn out figures and at the end of the day nothing comes out of it. The price of Beans, Gari, Rice has been trippled in the last three months . So wht magic are they going to use?

On what basis will the inflation drop? What reform policies will cause this to happen? ...just speaking in broad terms ... giving no specific reasons why they came to this conclusion. It's a trend of pulling figures out of the air. I predict inflation will rise even higher by the end of the year. My reason ... there is nothing on board that will boost the economy .... nothing to reduce our dependence on imports ... nothing on board to increase local production and exports .... nothing to increase our foreign reserves and above all ..... we have to increase spending to service the debts. How can this be the case ... and inflation will reduce? ... with a Naira that is matching the President? ... weak and only appears to get stronger when give a boost?... that can't be sustainable? Can someone try to explain why inflation may drop... even by one percent?