Nigerian Economy: Stockbrokers Optimistic Improvements in 2023

Stockbrokers have projected the recovery of the Nigerian economy in 2023 despite microeconomic headwinds and associated uncertainties.

The brokers, at a webinar organized by the Chartered Institute of Stockbrokers (CIS) tagged “The Nigerian Economic Review of 2022 and Outlook for 2023, affirmed that the improvement will be on account of increase in crude oil production and revenue, reduction in the incidences of oil theft and savings from fuel subsidy removal.

While expressing optimism that the implementation of the Finance Act 2022 and unification of exchange rates will boost economic growth and development, they assured the investing public that the economy had strong potential to bounce back this year.

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