GDP and Population

FX Scarcity

Inflation

Unemployment

Growth

Nigeria External reserve (bn $)

Jan'21

Jun'21

Dec'21

NGN for

1$

380 410 412

  • GDP growth rate still challenged due to sub-optimal foreign direct investment inflows, economic instability, high unemployment and infrastructure deficiencies.
  • Forex Scarcity Challenges.
  • Oil revenue deficits driving scarcity of FX.
  • Heightened pressure on manufacturers on sourcing.

-

  • Inflation Pressure on COGs.
  • Supply chain bottle necks.
  • Unemployment especially amongst the youth expected to climb in the coming term.
  • Security challenges still persist in the country especially in the Northern and Eastern region.

CBN Website, NBS,EIU,*FDC Think Tank and Bloomberg

WITHIN STOUT

MAINSTREAM

PREMIUM SPIRITS

MALTS & RTDS

SPIRIT

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Guinness Nigeria plc published this content on 28 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 January 2022 13:12:09 UTC.