The federal government has projected Nigeria’s Gross Domestic Product (GDP) to grow by 4.2 per cent in 2022.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said this at the Public Consultation on the Draft 2022 to 2024 Medium Term Fiscal Framework and Fiscal Strategy Paper (MTFF/FSP) on Thursday.
Mrs Ahmed said the GDP, projected in 2021 to rise three per cent, had been adjusted downwards to close at 2.5 per cent. “In 2022, we are expecting an uptake to 4.2 per cent, then a dip to 2.3 per cent in 2023 and up to 3.3 per cent in 2024.” The minister further said the Nominal GDP projected for 2022 was N184.38 trillion up from N168.6 trillion in 2021, and then to N201 trillion in 2023 and N222 trillion in 2024…
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