The International Monetary Fund (IMF) has projected growth of 2.5 per cent for Nigeria this year indicating an increase from the one per cent it had predicted for the country in January.
The IMF in its latest World Economic Outlook titled: “Managing Divergent Recoveries,” also projected a 2.3 per cent economic growth for the country in 2022. The Fund also anticipated a growth rate of 3.4 per cent for Africa this year, higher than the 0.2 per cent in its earlier forecast.
It noted that the pandemic continues to exact a large toll on sub-Saharan Africa (especially, for example, Ghana, Kenya, Nigeria, South Africa)…
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