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WILL THE NIGERIAN ECONOMY SLIP INTO A RECESSION? GDP Growth (%) 3.8 3.54 3.52 3.6 3.4 3.2 3.11 3 2.8 2.6 2.4 2.2 2.31 2.25 2 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Sensitivity: MTN Internal . Will the Nigerian economy slip into a recession? - NO But real GDP growth is likely to slow again in Q2 Partly due to the spill over effects of the Naira cash crunch and political uncertainties 26 26

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