Domestic Outlook: The CBN’s in-house  model, after an exhaustive simulation with various oil price possibilities and numerous scenarios of other macroeconomic metrics, indicate a continued and strong rebound of the domestic economy. Near-term outlook of the Nigerian economy is brightening significantly, with improvements projected into the shortand the medium-term.
i. GDP: Real GDP growth rate is projected to remain robust and strengthen within the shortterm. Output growth rate is projected to remain positive from 4.03 percent in 2021q3 to nearly 2.91 percent in 2021q4, implying a total growth of about 3.10 percent for 2021. Short-term  36  projection indicates a continued strengthening of the growth rate.