From Oluseye Ojo
The Nigerian Economic Society (NES) has encouraged Nigerians to harness the promising economic prospects likely to flourish in the third quarter of 2025.
The Chairman of NES, Oyo State chapter, Dr Alarudeen Aminu, gave the urging in a statement made available to journalists on Saturday, July 12, 2025.
Experts have predicted that the Gross Domestic Product (GDP) will grow by 3.4 per cent, boosted by a new domestic refinery and increased oil production.
A recent report by Agusto & Co, a leading financial advisory firm, projected a moderation in inflation rates in the third quarter of the year.
According to the report, the anticipated decline in inflation is expected to bring stability to the naira.
The report also predicted a strong performance in the service sector and identified potential for growth in the digital economy during the same period, suggesting a positive outlook for the economy, driven by improved macroeconomic stability and growth in key sectors.
Aminu, in his response to the predictions, emphasised the importance of productivity across key areas, including the service, digital, and agricultural sectors.
He noted the booming digital economy and urged local youth and entrepreneurs to dive into this lucrative field.
“There will be significant opportunities for growth this quarter. We want our residents to engage actively in these sectors and optimise the benefits available,” he stated.
He stated that the investments being funnelled into agriculture by the state government would offer a ripe avenue for residents.
The NES also urged everyone, especially the younger demographic, to explore this path as the state strives to foster a robust and diversified economy.
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