Economy---Politics
January 03, 2022
Economy and Politics: Review of 2021 Political-Economic Developments in Nigeria & 2022 Outlook
It is the new year 2022, and the first edition of "Economy and Politics" features a "Review of 2021 Political-Economic Developments in Nigeria & 2022 Outlook". 

From the signing of the Petroleum Industry Act, GDP growth of 4.0% by Q3, 2021, an Inflation rate of 15.4%, Unemployment rate of 33.3%, 5G license issuance to MTN & Mafab communications and the signing of the N17.3trn 2022 budget, 2021 was an eventful year for the nation. 

The political scene was not left out as Professor Chukwuma Soludo of the All Progressives Grand Alliance Party, APGA emerged the winner of the 2021 Anambra Gubernatorial elections, the People's Democratic Party held its convention with a new Chairman Dr. Iyorchia Ayu and President Muhammadu Buhari withheld his assent to the 2021 Electoral Amendment Bill raising concerns over some salient issues. 

The year 2022 will be a significant year for Nigeria with political activities intensifying ahead of the 2023 general elections, the management of the monetary policy (FX and Inflation especially) by the Central Bank of Nigeria, the expected completion of critical infrastructure projects like the Lagos-Ibadan expressway and the impact of the petroleum sector reforms through the PIA amongst others.

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