Nigeria, May 4 -- The Nigerian economy is turning the tide and is back on the path of growth after years of being constrained by fiscal crises, external shocks, policy missteps and missed opportunities, according to a new report by Quartus Economics, a Lagos-based research house focusing on economic policy.

The report, titled "The Journey to a Trillion-Dollar Economy: Nigeria on the Rise Again," drew data from the Central Bank of Nigeria, the National Bureau of Statistics, the International Bank for Reconstruction and Development and the International Monetary Fund, highlighting notable growth in aggregate and per capita terms.

Nigeria's gross domestic product (GDP), which fell to $181 billion in 2023, regained lost ground and climbed t...