{"id":5353,"date":"2026-05-07T06:43:06","date_gmt":"2026-05-07T06:43:06","guid":{"rendered":"https:\/\/stakebridgeirpr.com\/media\/?p=5353"},"modified":"2026-05-07T06:43:06","modified_gmt":"2026-05-07T06:43:06","slug":"quartus-economics-reports-stronger-per-capita-gdp-growth-in-nigeria","status":"publish","type":"post","link":"https:\/\/stakebridgeirpr.com\/media\/quartus-economics-reports-stronger-per-capita-gdp-growth-in-nigeria\/","title":{"rendered":"Quartus Economics Reports Stronger Per-Capita GDP Growth In Nigeria"},"content":{"rendered":"

By Kingsley Ani<\/b><\/p>\n

 <\/p>\n

Quartus Economics has reported that Nigeria\u2019s economic growth in 2025 exceeded population growth for the first time in several years, signalling early conditions for potential poverty reduction if macroeconomic stability is sustained.<\/p>\n

According to the report, Nigeria\u2019s gross domestic product measured in US dollars rose from $252.1 billion in 2024 to $307.5 billion in 2025, representing a 21.98 percent increase, while per capita gross domestic product (GDP) increased 19.5 percent from $1,083 to $1,295 despite continued demographic expansion.<\/p>\n

Drawing on data from the National Bureau of Statistics (NBS), Central Bank of Nigeria (CBN), and the International Monetary Fund, the report attributed the improvement to stronger nominal output, modest currency appreciation, and expanding productive activity. Quartus Economics stated that \u201cfor years, Nigeria struggled to grow its economy faster than its population,\u201d but noted that \u201cthat pattern has now reversed.\u201d<\/p>\n

DECISION HIGHLIGHT<\/strong><\/p>\n

Nigeria\u2019s economic recovery narrative is increasingly shifting from aggregate growth toward per-capita productivity and welfare relevance.<\/p>\n

DECISION MEMO <\/strong><\/p>\n

The significance of the Quartus Economics report lies not merely in stronger headline GDP growth, but in the reversal of a structural imbalance that has historically constrained living-standard improvement in Nigeria.<\/p>\n

For years, economic expansion failed to materially improve welfare because population growth consistently outpaced productive output. The latest data suggests a temporary break from that cycle, with output growth now exceeding demographic expansion. This changes the analytical conversation from \u201cgrowth without welfare gains\u201d toward the possibility of gradual income recovery.<\/p>\n

The role of currency stability is particularly important. Much of Nigeria\u2019s recent poverty pressure was amplified by exchange-rate depreciation, which eroded purchasing power, weakened savings, and increased imported inflation. The reported appreciation of the naira from N1,479 per dollar to N1,436 therefore carries broader welfare implications beyond foreign-exchange optics alone.<\/p>\n

Quartus Economics\u2019 emphasis on per-capita output is also strategically relevant because aggregate GDP growth in isolation often masks declining individual economic outcomes in high-population-growth economies. The rise in GDP per capita suggests that productive activity may finally be scaling faster than demographic absorption pressure, at least temporarily.<\/p>\n

However, the report\u2019s tone of \u201ccautious optimism\u201d remains important. Nigeria\u2019s per-capita income still trails historical peaks and remains vulnerable to inflation, currency instability, and uneven sectoral productivity. Sustaining the gains will require deeper structural expansion across manufacturing, agriculture, exports, and investment-intensive sectors rather than reliance on temporary macroeconomic stabilisation alone.<\/p>\n

DATA BOX<\/strong><\/p>\n