Due to the base effect and weakened demand pressure, Afrinvest Limited has forecasted that inflation in Nigeria is likely to reach 24.0% by the fourth quarter of 2023.

AfrInvest Limited indicated that Nigeria's monetary policy should proceed cautiously while maintaining the status quo. The managing director of Afrinvest Group, Ike Chioke, during the company's semi-annual investment conference in Lagos, called on investors to position themselves to seize economic opportunities, which had been amplified by ongoing reforms. According to the latter, “there is still one element of subsidy that the government must address and that is the electricity subsidy.”