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Deloitte is set to host its 2022 economic dialogue on Thursday, January 27th, 2022, from 10:00am, with the theme "Sustainable Economic Growth and National Development Agenda".

Nigeria is rapidly consolidating its recovery from the pandemic-induced recession, but the pre-COVID-19 narrative of poor inclusiveness and macroeconomic instability still persists. Despite a GDP growth of 3.2 percent in the first three quarters of 2021, data from the National Bureau of Statistics (NBS) show that average prices of goods and services were high; trade balance remained in deficit and foreign investment inflow was constrained in the year.

Following the blistering rise in crude prices over the past weeks, Monday's trading saw a much more balanced picture as the faltering performance of the equity market (world equities are set for their biggest post-pandemic monthly drop since March 2020) offset the still-tight balances worldwide.