1. Only 3% of GDP is from oil and gas; the rest is non-oil.
2. Improved capturing of the entertainment sector, where many youths are involved.
3. Higher volumes of local manufacturing due to a weaker naira and reduced imports.
4. A 30% increase in non-oil exports and a 30% reduction in all imports.
5. A transformed oil and gas industry where Nigeria is a net exporter of refined petroleum to the US, Saudi Arabia, and the UAE, while becoming a net importer of crude oil. Fuel queues have disappeared due to local production by Dangote and others.
6. Incentives for non-oil exports like cocoa, cashew, and soybean due to a cheaper naira. Cocoa exports generated N4 trillion for Nigerians in 2024 and may perform better in 2025. Many have returned to the land, with palm oil, cocoa, cashew, and soybean driving market profits for companies and individuals.
7. Value addition to raw materials is becoming a main driver of the economy, with exports of manufactured goods, especially FMCGs and even cars, along the West African region.
8. An explosion of hard infrastructure at state levels—roads, bridges, and captive electricity like solar—complemented by federal government investment in infrastructure, which is essential for reducing multidimensional poverty.
9. A stable naira supports better economic planning. The reversal of unnecessary foreign currency losses has encouraged foreign schools, such as Charterhouse and King’s College, to establish in Nigeria. Migration for master’s degrees has sharply declined.
10. A stable naira is supported by increasing foreign reserves, now at $42 billion and growing.
11. Higher salaries for many workers in the private and public sectors help mitigate inflationary effects. More tax reliefs are expected from January 1, 2026.
12. More business opportunities in the local economy due to a focus on the naira rather than the dollar.
