The Parthian Economic Discourse 2024 (PED24) brought together leading economic experts, policymakers, and business executives to deliberate on the future of Nigeria’s economy. Bismarck Rewane, Non-Executive Director at Parthian Partners offered a compelling analysis of Nigeria’s macroeconomic outlook for 2025.

From Mr. Rewane’s insightful presentation, here are the key trends to watch in 2025:

• 1. America’s Choice: Trump’s victory will impact immigration, the economy, and trade, driving geopolitical shifts, heightened tensions, and even concerns over nuclear proliferation.
• 2. Broader Disorder: America’s transactional stance and foreign policy skepticism may embolden China, Russia, Iran, and North Korea to engage in more disruptive behavior.
• 3. Tariffying Prospect: With Trump imposing restrictions and escalating tariffs, America’s rivalry with China could result in an intensified trade war, potentially involving other allies.
• 4. Voters Expect Change: 2025 will be a year of high expectations. Will new leaders deliver on their promises? If not, political unrest and public dissatisfaction may follow.
• 5. Clean-Tech Boom: A Chinese-led surge in clean technology adoption, including solar panels and grid storage, is expected to outpace forecasts.
• 6. After Inflation: Western economies will face tough decisions: balancing deficits through higher taxes, spending cuts, or strategic growth initiatives.
• 7. Crunch Time for AI: Over $1 trillion is being invested in data centers to support AI advancements, making 2025 a pivotal year for the technology.
• 8. Age-Old Questions: Discussions around age limits for political leaders are likely to intensify. Meanwhile, a booming youth population in the Middle East, coupled with job shortages, poses risks of instability.
• 9. Travel Troubles: Global aviation may face increasing disruptions due to geopolitical conflicts and instability.
• 10. Life of Surprises: Expect the unexpected in 2025: from a devastating solar storm and the discovery of lost ancient texts to the potential emergence of another global pandemic.