• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Nigeria’s fiscal stability in decline, lagging behind continental average – Tesah Capital

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
2 min read
0 0
0
55
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Nigeria’s fiscal stability in decline, lagging behind continental average – Tesah Capital

In a recent report released by Tesah Capital, Nigeria’s fiscal stability (4%) has been revealed to be on a declining trajectory, falling below the continental average (5.18%). This alarming trend has raised concerns among economists and policymakers about the country’s ability to achieve long-term economic sustainability and effectively navigate the challenges it currently faces. The report sheds light on the factors contributing to Nigeria’s deteriorating fiscal stability, pointing to the government’s failure to implement stability-oriented fiscal policies and establish mechanisms to reduce external vulnerability.

One of the key shortcomings highlighted in the report is the government’s inability to pursue medium-term objectives that promote debt sustainability and fiscal consolidation. These objectives are crucial for maintaining fiscal stability and instilling confidence among investors and international financial institutions. Without a clear roadmap and effective implementation of these policies, Nigeria’s fiscal position remains vulnerable to external shocks and economic uncertainties.

Moreover, the absence of a robust stabilization mechanism further compounds Nigeria’s fiscal challenges. Such a mechanism would play a crucial role in mitigating the impact of economic downturns and reducing the country’s vulnerability to external factors. By establishing a stabilization fund or similar instruments, Nigeria could enhance its resilience and ability to weather economic storms, thus ensuring more stable fiscal conditions.

Nigeria’s underperformance in terms of GDP growth compared to its peers in sub-Saharan Africa (SSA) is another cause for concern. Despite being Africa’s largest economy, with a GDP of $518 billion, Nigeria has struggled to keep pace with the growth rates achieved by its regional counterparts. This discrepancy in economic performance raises questions about the effectiveness of Nigeria’s policies and their ability to unlock the country’s full economic potential.

While Nigeria has been on a path of economic recovery following the disruptions caused by the COVID-19 pandemic, significant challenges persist. Inadequate infrastructure, weak governance, and limited diversification are among the structural hurdles that continue to hamper the country’s growth prospects. These challenges have far-reaching implications for Nigeria’s economic outlook, casting a shadow of uncertainty over its recovery and future trajectory.

Addressing Nigeria’s fiscal stability and broader economic challenges requires a multifaceted approach. Policymakers must prioritize the implementation of stability-oriented fiscal policies that promote debt sustainability, fiscal consolidation, and the establishment of effective stabilization mechanisms. This would not only enhance Nigeria’s fiscal resilience but also contribute to restoring investor confidence and attracting much-needed foreign direct investment.

RelatedPosts

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

Furthermore, structural reforms aimed at addressing the country’s infrastructure deficit, improving governance, and diversifying the economy are imperative. Investing in critical sectors such as energy, transportation, and agriculture, while enhancing transparency and combating corruption, can create a conducive environment for sustainable growth and development.

The decline in Nigeria’s fiscal stability, as revealed by the Tesah Capital report, raises significant concerns about the country’s economic trajectory and its ability to achieve long-term sustainability. Urgent action is required to address the shortcomings in stability-oriented fiscal policies, establish effective stabilization mechanisms, and tackle structural challenges. By undertaking these reforms, Nigeria can strengthen its fiscal position, unlock its full economic potential, and pave the way for a prosperous future.

Tags: fiscal stabilitylagging behind continental average - Tesah CapitalNigeriaNigeria's fiscal stability in declineTesah Capital
No Result
View All Result

Highlights

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

Sha’Carri Richardson Withdraws from US Trials Following Arrest

From Singuluma to El Kaabi: Can CHAN 2024 Unleash the Next Hat-trick Hero?

Ghana to Welcome King’s Baton Relay on August 8 Ahead of 2026 Commonwealth Games

Trending

Features

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

August 2, 2025

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes Parliament has adjourned...

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

August 2, 2025

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

August 2, 2025

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

August 2, 2025
Bank of Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

August 2, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.