Nigeria's economy kept its momentum going in October, marking five straight months of expansion. That is a streak worth paying attention to, especially given how turbulent the past few years have been for businesses and households across the country.
But the growth story comes with a catch. Rising input costs are putting real pressure on businesses, threatening to slow the recovery before it has a chance to fully take hold. When it costs more to produce goods and deliver services, those costs rarely stay with the business owner for long.
The question now is whether the expansion can hold its ground as financial pressure builds from the bottom up. Five months is a good run. Whether month six tells a different story is what everyone is watching.
Originally published by BusinessDay.