CardinalStone cut our 2026 growth forecast to 4.2% and say jobs still dey suffer

So CardinalStone just released their mid-year report and they cut Nigeria's 2026 growth forecast from 4.4% to 4.2%. They say the services sector especially trade and real estate dey struggle because of high borrowing costs and inflation wey no gree reduce. The report title na "Steady Hands on Shifting Grounds" but e no sound steady at all.

The thing wey pain me pass na where they talk say "output rises, jobs and incomes lag." Na so we dey see numbers wey dey improve for paper but for ground our pockets still dry. Labour productivity for this country na just $0.94 per hour. That one no even reach 1,400 naira per hour for current exchange rate. How person go survive?

On the bright side they expect inflation to moderate to 1.1% month-on-month for second half of 2026 because government reduce import duties on rice and palm oil. But CBN likely go hold rates until after 2027 elections so don't expect any relief soon. This economy just dey test our patience one by one.