The 2025 Economic Outlook report published by the Mastercard Economics Institute mentions that the Nigerian economy is expected to grow by 2.9% in 2025, slightly below the global average of 3.2%.

The report released on Wednesday highlights Nigeria's resilience, driven in large part by large inflows of remittances that continue to support household incomes and consumer spending. Consumer spending in Nigeria is expected to increase by 6% in 2025, even as inflation remains high, posing challenges for businesses and households. According to Mastercard's chief economist for the EMEA region style="font-family: "Bookman Old Style”, serif">, Khatija Haque, “Nigeria's economic outlook for 2025 underscores the country's resilience and growth potential underscores the country's resilience and growth potential, drawn s through remittances and consumer spending.