Navigating Nigeria's economic shocks, resilience, and the quest for a trillion-dollar future

    Dr. Oluyemi Adeosun | Editor’s picks | Aug 04, 2025    
Get Unlimited Access
Subscribe to unlock this article

Complete digital access to quality journalism on any device. Cancel anytime during your trial.

Once registered, you can:

  • Read this article and many more, including access to epapers and research
  • Enjoy customize article feed/recommendation based on your profile
  • Enjoy access to Businessday exclusive events
  • One-Access accross Businessday platforms

Share this article
Shared
2387
times

Nigeria presents one of modern economics' most perplexing contradictions. Here is a nation that has weathered oil price collapses, currency devaluations, pandemic shocks, and persistent inflation—yet continues to lumber forward. This resilience, however, masks a more troubling reality: an economy trapped between its vast intellectual potential and the grinding poverty of its 220 million citizens. While official statistics may paint a picture of growth, the lived reality for the majority of its citizens often tells a different story. This disconnect between economic intellect and on-the-ground reality begs a fundamental question: What is driving resilience in an economy seemingly prone to self-sabotage, and how can Nigeria truly harness its immense potential to achieve a quantum leap?

Continue reading your article with a
BusinessDay subscription





Already a subscriber?
Sign In
RECOMMENDED STORIES
support_agent