THE LAUNCH OF 2021 MACROECONOMIC OUTLOOK REPORT

#NESG #MEOReport2021

The launch of the NESG 2021 Macroeconomic Outlook Report themed, “Four Priorities for the Nigerian Economy in 2021 and beyond”.

The report comes at a time when Nigeria is still grappling with her second recession in the space of four years. While the number of unemployed people peaked at 21.8 million as at June 2020, the World Bank estimated that in 2020, about 8.6 million Nigerians would fall into poverty. According to the Bank, real per capital incomes are expected to fall to levels like those seen in the 1980s.

Recognizing the above challenges, the NESG Macroeconomic Outlook identifies key priorities that are needed not only to lift the economy out of the current recession in the short term but also put the economy on a foothold for sustained development.

The report builds on the last three editions of the Macroeconomic outlook all of which emphasized the importance of inclusive economic growth and how it can be attained in Nigeria. The report highlights four key priorities that must be considered and wholeheartedly pursued by the Nigerian government to get the economy on the path of inclusive growth and development, with the immediate goal of creating jobs and lifting millions of Nigerians out of poverty.
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