The pictures that have been coming out of the Nigerian economy and its investment climate in the last two weeks have left many local and international analysts worried about what they consider to be the deepening of the uncertainties that have surrounded Africa’s largest economy by gross domestic product and market size, as well as by population numbers, for nearly a decade.
Caught up in the current global economic misalignments as a result of the Russia-Ukraine war in Europe, Nigeria’s own domestic economic misalignments are continuously being exposed, say analysts.
It appears to be follow-through from a 2014-2015 dip in oil prices that ushered in, not one, but two recessions in the lifetime of the present government headed by President Muhammadu Buhari, a former maximum military ruler.