The possible outlook of the Nigerian economy in 2022 has elicited comments from various stakeholders over the past few weeks. This is notwithstanding the effects of the ravaging Omicron variant of the COVID-19 pandemic in the global economy with the attendant uncertainty it has brought to the global economy, with the Nigerian economy not exempted from these. A government that intends to borrow over N5 trillion to partly finance its huge budget deficit, as implied in the 2022 budget document, should not be seen as wasteful at all. The usual monthly Federal Accounts Allocation Committee (FAAC) where sharing is done regularly may not be the way forward for the Nigerian economy. Without adequate security, 2022 will be worse than 2021 in the performance of the economy particularly with the 2023 elections just months away.

Source: The Guardian January 24, 2022 16:02 UTC